70 High Street
Ruislip
Greater London
HA4 7AA

Freehold Retail and Residential Investment

  • Retail unit let to Papa John's (GB) Limited until 2034 (no breaks)
  • 5 yearly Rent Reviews linked to Consumer Price Index (CPI) subject to a minimum of 1% and maximum of 3% per annum compounded
  • Includes two bedroom flat let on an AST
  • Located in a popular West London suburb
  • Nearby occupiers include Halifax, Lloyds Bank, NatWest, WH Smith, Edinburgh Woollen Mill, KFC and Pizza Express
  • Lot
    8
  • Auction
    24/Oct/2019
  • Rent
    £38,800 per Annum Exclusive
  • Status
    Available
  • Price*
    £640,000+
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • 70 High Street<br>Ruislip<br>Greater London<br>HA4 7AA
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  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
15 miles north-west of Central London
10 miles north-east of Slough
16 miles south-east of High Wycombe
Roads
A4180, B466, A40
Rail
Ruislip Railway Station
Air
Heathrow Airport
Situation

The property is prominently situated in the popular West London suburb of Ruislip on the west side of High Street (A4180), close to the junction with Ickenham Road (B466). Nearby occupiers include Halifax, Lloyds Bank, NatWest, WH Smith, Edinburgh Woollen Mill, KFC and Pizza Express.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit and a self-contained first floor two bedroom flat, which is accessed from the rear. The property benefits from car parking at the rear of the property.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band E. See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/(Reversion)
GroundRetail
97.80 sq m
(1,053 sq ft)
PAPA JOHN’S
(GB) LIMITED
(1)
15 years from
27/08/2019 on a full
repairing and
insuring lease
£25,000 (2)5 yearly. CPI
linked (3)
(26/08/2034)
FirstResidential
2 Bedroom Flat
INDIVIDUALLet on an AST from
08/05/2019
£13,800 
Total
Commercial
Area
97.80 sq m
(1,053 sq ft)
  £38,800 

(1) Papa John's was founded in America more than 30 years ago and is now found in 5,000 locations in 45 countries around the world. For the year ending 31st December 2017, Papa John's (GB) Limited reported a turnover of £67,256,000, pre-tax profits of £6,423,000 and a total net worth of £25,821,000 (Source: Experian Group 24/09/2019).
(2) As to the retail unit, the lease to Papa John's (GB) Limited provides for a 6 month rent free period from the start of the lease until 26/02/2020. The seller will pay the buyer the monies equivalent to £25,000 per annum exclusive from completion of the sale until 26/02/2020. Therefore the property will produce £38,800 per annum exclusive from completion of the sale.
(3) The lease provides for the rent to be reviewed every 5 years in line with the Consumer Price Index (CPI), subject to a minimum of 1% and a maximum of 3% per annum compounded.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    15.10.19
    File Size
    45 MB
    Login to View
  • Site Plan
    Updated Date
    02.10.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    805 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Axiom Stone DVS House 4 Spring Villa Road
Edgware
Middlesex
HA8 7EB
Jaymini Ghelani 02089 516 984jg@axiomstone.co.uk

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