38 High Street
Ruislip
London
HA4 7AN

Freehold Retail/Residential Investment

  • Entirely let to AM to PM Grocery Limited
  • Lease expires January 2029 (no breaks)
  • Includes self-contained three bedroom maisonette above
  • Rent Review January 2019 – notice served at £33,000 pa
  • Tenant trading from the property since 2007
  • Popular West London suburb between Harrow and Ickenham and close to Heathrow
  • Nearby occupiers include Prezzo, Café Rouge, Sainsbury’s Local, The Edinburgh Woollen Mill, WHSmith, KFC and various banks
  • Lot
    1
  • Auction
    04/Apr/2019
  • Rent
    £30,500 per Annum Exclusive
  • Status
    Sold
  • Price*
    £555,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 38 High Street<br>Ruislip<br>London<br>HA4 7AN
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* More information on the term "price" can be found here

Property Information

Location
Miles
3 miles south-west of Pinner
9 miles west of Harrow
16 miles north-west of Central London
Roads
A40, M4 (J3), M25 (J15), M40 (J1A)
Rail
Ruislip Underground Station (Metropolitan and Piccadilly Lines)
Air
Heathrow Airport
Situation

Ruislip is located in West London and is part of the London Borough of Hillingdon, 16 miles north-west of Central London. The property is situated on the west side of High Street, opposite Church Field Gardens and less than half a mile from Ruislip Underground Station (Metropolitan and Piccadilly lines). Nearby occupiers include Prezzo, Café Rouge, Sainsbury’s Local, Boots Opticians, The Edinburgh Woollen Mill, KFC, WHSmith and various banks.

Tenure

Freehold.

Description

The property comprises a shop (convenience store) arranged on the ground floor, with a self-contained three bedroom maisonette arranged on the first and second floors, and a garage to the rear.

VAT

VAT is applicable to this lot.

EPC

Band C

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground
First/Second
(1)
Retail/Ancillary
Maisonette -
comprises 3
bedrooms
86.95 sq m
-
(936 sq ft)
(-)
AM TO PM
GROCERY
LIMITED (2)
with a personal
guarantee
15 years from
15/01/2014 until
14/01/2029 on a
full repairing
and insuring
lease
£30,500 (3)15/01/2019 (3)
15/01/2024
Total Commercial Area
86.95 sq m
(936 sq ft)
  £30,500 

(1) The tenant sublets the maisonette at £1,200 per calendar month (£14,400 pa).
(2) The Landlord holds a rent deposit of £9,150.
(3) The lease provides for a rent review on 15th January 2019. The landlord has recently served notice proposing a revised rent of £33,000 per annum.

Property Documents

  • Catalogue Page
    Updated Date
    10.04.19
    File Size
    804 KB
    View PDF
  • Site Plan
    Updated Date
    10.04.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher 020 7034 4860george.goucher@acuitus.co.uk
Associate Auctioneers
Jaggard Baker McBride House, 32 Penn Road
Beaconsfield
Buckinghamshire
HP9 2FY
Simon Harper 01494 677755simon.harper@jaggardbaker.co.uk
Seller's Solicitors
Moon Beever Bedford House, 21a John Street
London
UK
WC1N 2BF
Barnaby Heap 0207 539 4122bheap@moonbeever.com

Useful Links

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