Freehold Retail Investment in Affluent London Suburb
Busy High Street location in affluent London suburb
Entirely let to Cash Generator Limited on a new 10 year lease until 2022
Nearby occupiers include Carphone Warehouse, Nationwide, Barclays
Bank, Holland & Barrett and Superdrug
Six Week Completion Period Available
Lot 28
Auction 24th May 2012
Rent £50,000 per Annum Exclusive
Status Sold
Price £615,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On Behalf of Joint LPA Receivers, Wedlake Bell
Property Information
Location
Miles
1 mile west of Ealing Broadway, 5 miles north of Richmond, 8 miles west of Central London
Roads
A4020, M4 (Junction 2)
Rail
West Ealing Rail (13 minutes to London Paddington)
Air
London Heathrow
Situation
The property is situated in a prominent position on the northern side of the busy Broadway (A4020) approximately 1 mile west of Ealing Broadway. Nearby occupiers include Carphone Warehouse, Nationwide, Barclays Bank, Holland & Barrett and Superdrug.
Tenure
Freehold.
Location
Miles
1 mile west of Ealing Broadway, 5 miles north of Richmond, 8 miles west of Central London
Roads
A4020, M4 (Junction 2)
Rail
West Ealing Rail (13 minutes to London Paddington)
Air
London Heathrow
Situation
The property is situated in a prominent position on the northern side of the busy Broadway (A4020) approximately 1 mile west of Ealing Broadway. Nearby occupiers include Carphone Warehouse, Nationwide, Barclays Bank, Holland & Barrett and Superdrug.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with first floor ancillary accommodation.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with first floor ancillary accommodation.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First
Retail Ancillary
172.86 sq m 109.09 sq m
(1,861 sq ft) (1,174 sq ft)
CASH GENERATORLIMITED (1)
10 years from 27/02/2012 until 26/02/2022 on a full repairing and insuring lease
£50,000
27/02/2017
Totals
281.95 sq m
(3,035 sq ft)
£50,000 (2) (3)
(1) For the year ending 29th January 2011, Cash Generator Limited reported a turnover of £13,714,684, pre-tax profits of £2,052,423 and a total net worth of £4,059,979. (Source: www.riskdisk.com 18/04/2012) (2)The tenant is currently benefiting from a rent free period until 27th April 2013. The seller has agreed to adjust the completion monies so that the property will effectively produce £50,000 p.a.x. from completion of the sale (3)By personal arrangement the rent is payable monthly, not quarterly.
