Nearby Occupiers Include Costa, Lloyds Pharmacy, William Hill, Spar, Tesco and Domino's.
Lot 3
Auction 18th May 2022
Rent £27,000 per Annum Exclusive
Status Sold
Price £629,000
Sector High Street Retail/Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
12 miles north-west of Central London
Roads
A409, A4006, A5 & M1 (Junction 1)
Rail
Harrow and Wealdstone Rail (Bakerloo Line) Cannons Park Underground (Jubilee Line)
Air
London Heathrow Airport, London Luton Airport, London Stansted Airport, London City Airport
Situation
Kenton is an affluent and popular north west London suburb of Kenton situated some 9 miles north west of London's West End. The property is prominently situated in Belmont Circle, a busy roundabout junction forming a hub of neighbourhood retailing parades. Neighbouring occupiers include an eclectic mix of local retailers, restaurants and national occupiers including Costa, Lloyds Pharmacy, William Hill, Spar, Tesco and Domino's.
Tenure
Freehold.
Location
Miles
12 miles north-west of Central London
Roads
A409, A4006, A5 & M1 (Junction 1)
Rail
Harrow and Wealdstone Rail (Bakerloo Line) Cannons Park Underground (Jubilee Line)
Air
London Heathrow Airport, London Luton Airport, London Stansted Airport, London City Airport
Situation
Kenton is an affluent and popular north west London suburb of Kenton situated some 9 miles north west of London's West End. The property is prominently situated in Belmont Circle, a busy roundabout junction forming a hub of neighbourhood retailing parades. Neighbouring occupiers include an eclectic mix of local retailers, restaurants and national occupiers including Costa, Lloyds Pharmacy, William Hill, Spar, Tesco and Domino's.
Tenure
Freehold.
Description
The property comprises a ground floor public house with a lower ground ancillary area and a self contained 4 x bedroom maisonette on the first and second floors. The Maisonette is accessed from the rear service road via Kenmore Avenue.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
Band C (Retail) Band D (Residential).
Description
The property comprises a ground floor public house with a lower ground ancillary area and a self contained 4 x bedroom maisonette on the first and second floors. The Maisonette is accessed from the rear service road via Kenmore Avenue.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
Band C (Retail) Band D (Residential).
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx sq m)
Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Review/(Reversion)
Ground Lower Ground First Second
Public House Ancillary Residential Residential
120.94 sq m 27.00 sq m 39.49 sq m 31.53 sq m
(1,301 sq ft) (290 sq ft) (425 sq ft) (339 sq ft)
INDIVIDUAL t/a Life of Reilly's (1)
20 years from 25/03/2011 until 2031
£27,000
25/03/2024 (24/03/2031)
Total Approximate Floor Area
218.96 sq m
(2,356 sq ft)
£27,000
(1) The Landlord is holding a rent deposit of £8,000.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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