Residential potential on upper floors (subject to necessary consents)
Residential Potential on upper floors (subject to necessary consents)
Nearby occupiers include Marks & Spencer, Primark, Moss Menswear, HSBC Bank and Boots the Chemist
Twelve Week Completion
Lot 17
Auction 23rd May 2013
Rent £159,000 per Annum Exclusive
Status Sold
Price £2,155,000
Sector High Street Retail
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 High Street, adjacent to the junction with Fair Street. Neighbouring occupiers include Marks & Spencer, Primark, Moss Menswear, HSBC Bank and Boots the Chemist.
Tenure
Freehold.
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 High Street, adjacent to the junction with Fair Street. Neighbouring occupiers include Marks & Spencer, Primark, Moss Menswear, HSBC Bank and Boots the Chemist.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with first and second floor ancillary accommodation. The property benefits from a significant frontage to the High Street and rear access.
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 ground floor retail accommodation with first and second floor ancillary accommodation. The property benefits from a significant frontage to the High Street and rear access.
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
Review/(Reversion)
Ground First Second
Retail Ancillary Ancillary
817.91 sq m 585.99 sq m 172.23 sq m
(8,804 sq ft) (6,307 sq ft) (1,853 sq ft)
ARGOS LIMITED (1)
15 years from 26/11/2004 on a full repairing and insuring lease
£159,000
26/11/2014 (25/11/2019)
Totals
1,576.13 sq m
(16,964 sq ft)
£159,000
(1) For the year ending 30/03/2012, Argos Limited reported a turnover of 3,749,910,000, pre-tax profits of £17,035,000 and a total net worth of £1,170,118,000. (Source: www.riskdisk.com 04/04/2013)
