Nearby occupiers include Ladbrokes, Argos, Marks & Spencer, Primark, Moss Menswear and HSBC Bank
Six Week Completion Period Available
Lot 26
Auction 21st March 2013
Rent £46,800 per Annum Exclusive
Status Sold
Price £530,000
Sector Leisure
Auction Venue The Dorchester Hotel Park Lane Entrance Mayfair London W1K 1QA
Property Information
Location
Miles
12 miles west of Central London
Roads
A4, M4, M25
Rail
Hounslow East Underground Station (Piccadilly Line), Hounslow Central Underground Station (Piccadilly Line)
Air
Heathrow Airport (2 miles)
Situation
The property is situated on the south side of the busy pedestrianised High Street, close to the junction with Hanworth Road. Nearby occupiers include Ladbrokes, Argos, Marks & Spencer, Primark, Moss Menswear and HSBC Bank.
Tenure
Virtual Freehold. Virtual Freehold. Held for a term of 999 years from 12th November 1996 at a peppercorn rent.
Location
Miles
12 miles west of Central London
Roads
A4, M4, M25
Rail
Hounslow East Underground Station (Piccadilly Line), Hounslow Central Underground Station (Piccadilly Line)
Air
Heathrow Airport (2 miles)
Situation
The property is situated on the south side of the busy pedestrianised High Street, close to the junction with Hanworth Road. Nearby occupiers include Ladbrokes, Argos, Marks & Spencer, Primark, Moss Menswear and HSBC Bank.
Tenure
Virtual Freehold. Virtual Freehold. Held for a term of 999 years from 12th November 1996 at a peppercorn rent.
Description
The property comprises ground floor public house accommodation, ancillary accommodation in the basement and part of the first floor. The remaining part of the first floor comprises a self-contained three bedroom flat and a studio flat. The property benefits from rear access via Hanworth Road.
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 ground floor public house accommodation, ancillary accommodation in the basement and part of the first floor. The remaining part of the first floor comprises a self-contained three bedroom flat and a studio flat. The property benefits from rear access via Hanworth Road.
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
Basement Ground First First First
Ancillary Public House Ancillary 3 Bedroom Flat Studio
121.70 sq m 125.88 sq m 32.52 sq m 75.43 sq m 9.92 sq m
1) Bar 113 Limited were formerly GRG Leisure Ltd. (2)Bar 113 Limited occupy the property by virtue of a Management Agreement between Bar 113 Limited and the previous sub tenant, The Barracuda Pub Company Limited. Under the terms of the Management Agreement, a licence fee of £900 per week is payable. The rent shown above has been annualised. The Management Agreement is for a term until 22nd September 2014 and may be determined by the Bar 113 Limited at any time on 6 months’ written notice. The vendor may determine the agreement at any time on various grounds including breach by Bar 113 Limited, insolvency of Bar 113 Limited or a change of control of Bar 113 Limited. Please see clause 8 of the Management Agreement (a copy of which is available in the Legal Pack) for more details.
