38 High Street Ruislip London HA4 7AN

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
4th April 2019
Rent
£30,500 per Annum Exclusive
Status
Sold
Price
£555,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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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 4th April 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

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.

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

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

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
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.