Tesco Express 223 Station Road, West Drayton London UB7 7NQ

Tesco Express
223 Station Road, West Drayton
London
UB7 7NQ

Freehold Supermarket Investment

Entirely Let to Tesco Stores Ltd until September 2031 (No Breaks)
September 2026 RPI Linked Rent Review rising to a maximum of £108,390 (4.00% compounded)
Substantial Convenience Store and ancillary accommodation on upper floors
Site area of Approx. 0.12 Ha (0.295 Acres)
Rare off-street Customer Parking for 17 vehicles
Development/Change of Use Opportunities (subject to consents)
Historic Planning Consent Obtained on the upper floors for conversion to residential
Prominent road side location at the junction of Station Road and Thornton Avenue

Lot
6
Auction
7th November 2024
Rent
£88,772 per Annum Exclusive
Status
Sold
Price
£1,810,000
Auction Venue
Live Streamed Auction

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Freehold Supermarket Investment

Entirely Let to Tesco Stores Ltd until September 2031 (No Breaks)
September 2026 RPI Linked Rent Review rising to a maximum of £108,390 (4.00% compounded)
Substantial Convenience Store and ancillary accommodation on upper floors
Site area of Approx. 0.12 Ha (0.295 Acres)
Rare off-street Customer Parking for 17 vehicles
Development/Change of Use Opportunities (subject to consents)
Historic Planning Consent Obtained on the upper floors for conversion to residential
Prominent road side location at the junction of Station Road and Thornton Avenue

Lot 6
Auction 7th November 2024
Rent £88,772 per Annum Exclusive
Status Sold
Price £1,810,000
Sector
Supermarket/Convenience
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 16 miles west of Central London
Roads: M25 (Junction 15), M4 (Junction 4), M40
Rail: West Drayton Railway Station (Elizabeth Line)
Air: London Heathrow Airport (5 miles)

Situation

West Drayton is a popular commuter suburb of London with excellent links to Heathrow Airport, via the A408, which is a major employer for the area. The property is prominently situated at the junction of Station Road and Thornton Avenue providing an excellent road exposure. The surrounding area is densely populated with residential accommodation with a local retail parade some 100 metres to the south on Sipson Road. The property is located near by the Platinum Jubilee Leisure Centre which is currently under construction and is on the corner of Harmondsworth Road and Rowlheys Place.

Tenure

Freehold.

Location

Miles: 16 miles west of Central London
Roads: M25 (Junction 15), M4 (Junction 4), M40
Rail: West Drayton Railway Station (Elizabeth Line)
Air: London Heathrow Airport (5 miles)

Situation

Tenure

Freehold.

Description

The property comprises a ground floor convenience store with ancillary accommodation at basement, accessed via a hatch, and part first. The other part first and second floors, currently not used by the tenant, are accessible via an external stairwell on the northern side of the ground floor via the flat asphalt roof. The property offers 17 marked car parking spaces with access provided from and to Station Road.

VAT

VAT is applicable to this lot.

Planning

The property may lend itself to residential conversion, alternative uses and/or redevelopment, subject to obtaining all the necessary consents and lease agreements. We understand the upper floors have historic approval for residential conversion as per this application 4772/APP/2018/1589. All enquiries should be made with Hillingdon Council. (www.hillingdon.gov.uk) (Phone: 01895 250 230)

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Planning

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx. sq. m.	Floor Areas Approx. (sq. ft.)	Tenant	Term	Rent p.a.x.	Rent Review
Ground Basement First Second	Retail Ancillary Ancillary Ancillary	356.00 73.95 133.01 125.62	(3,822) (796) (1,432) (1,352)	TESCO STORES LIMITED (2)	20 years from 23/09/2011 until 22/09/2031	£88,772	22/09/2026 (3)
Total		688.58 (1)	(7,402) (1)			£88,772

(1) The floor areas stated above have been provided by the vendor.
(2) Tesco Stores Limited for the year ending 25/02/2023,reported a Turnover of £47,481,000,000, a Pre-Tax Profit of £565,000,000 and a Net Worth of £3,834,000,000 (www.northrow.com)
(3) RPI Linked Rent Reviews subject to 0% and 4% collar and cap. Rising to a maximum of £108,390 per annum (4.00% compounded).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.