Let to Instant Cash Loans Limited on new 10 year lease (no breaks)
Affluent and fashionable South-West London location
Neighbouring occupiers include Travelodge, Subway, Santander, Costa, Sainsbury’s Local, Boots and Lloyds TSB
Six Week Completion Period Available
Lot 39
Auction 6th December 2012
Rent £43,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
0.6 miles to Kings Road 0.8 miles to Queens Club 1 mile to Hurlingham Club 2.2 miles south-west of Hyde Park
Roads
A4, A304, A308, M4
Rail
Fulham Broadway (District), West Brompton (Overground &
District), West Kensington (Overground & District)
Air
London City, London Heathrow
Situation
Fulham is an affluent and fashionable South-West London suburb some 5.5 miles west of Central London. Earls Court is some 2 miles with Putney some 3 miles to the south. The property is prominently situated on the west side of the busy North End Road, a major route linking Kensington with Fulham Road. The property is located in a prime trading position on North End Road adjacent to Travelodge. Neighbouring occupiers include Travelodge, Subway, Santander, Costa, Sainsbury’s Local, Boots and Lloyds TSB.
Tenure
Virtual Freehold. held for a term of 999 years from completion at a Peppercorn rent.
Location
Miles
0.6 miles to Kings Road 0.8 miles to Queens Club 1 mile to Hurlingham Club 2.2 miles south-west of Hyde Park
Roads
A4, A304, A308, M4
Rail
Fulham Broadway (District), West Brompton (Overground &
District), West Kensington (Overground & District)
Air
London City, London Heathrow
Situation
Fulham is an affluent and fashionable South-West London suburb some 5.5 miles west of Central London. Earls Court is some 2 miles with Putney some 3 miles to the south. The property is prominently situated on the west side of the busy North End Road, a major route linking Kensington with Fulham Road. The property is located in a prime trading position on North End Road adjacent to Travelodge. Neighbouring occupiers include Travelodge, Subway, Santander, Costa, Sainsbury’s Local, Boots and Lloyds TSB.
Tenure
Virtual Freehold. held for a term of 999 years from completion at a Peppercorn rent.
Description
The property comprises retail accommodation on the ground floor. The upper parts are being retained by the Seller who will redevelop to form two self-contained two bedroom residential flats.
Note
There is an option to purchase the freehold for £1 from the third anniversary of the term or when the development of the upper parts has been completed, whichever is sooner.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises retail accommodation on the ground floor. The upper parts are being retained by the Seller who will redevelop to form two self-contained two bedroom residential flats.
Note
There is an option to purchase the freehold for £1 from the third anniversary of the term or when the development of the upper parts has been completed, whichever is sooner.
VAT
VAT is 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
Retail
99.40 sq m
(1,070 sq ft)
INSTANT CASH LOANS LIMITED T/A THE MONEY SHOP (1)
10 years from 29/03/2012 until 28/03/2022 on a full repairing and insuring lease
£43,500
2017 (2)
Totals
99.40 sq m
(1,070 sq ft)
£43,500
(1) Instant Cash Loans Limited t/a The Money Shop operate over 500 outlets nationwide. (Source: www.moneyshop.co.uk) For the year ending 30th June 2011, Instant Cash Loans Limited reported a turnover of £128,648,000, a pre-tax profit of £32,892,000 and a total net worth of £67,771,000. (Source: www.riskdisk.co.uk)
