Majority let to Barclays Bank plc until 2026 (subject to option)
Rent review in 2011 (Barclays)
Nearby occupiers include Millets, Oddbins and ChezGérard
Affluent West London suburb
Lot 24
Auction 8th July 2010
Rent £206,979 per Annum
Status Sold
Price £4,000,000
Sector Bank
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Estimated District Population
222,600 (Hounslow)
Miles
3.5 miles north-east of Richmond
6 miles west of London's West End
Roads
M4, A4, A315, A40
Rail
Turnham Green Underground (District Line)
Air
Heathrow Airport
Situation
The property is prominently located on the corner of Chiswick High Road and Annandale Road, opposite Turnham Green Terrace. Nearby occupiers include Chez Gérard and Strada.
Tenure
Freehold. Freehold and two Long Leasehold titles granted out of the Freehold title being offered for sale
Location
Estimated District Population
222,600 (Hounslow)
Miles
3.5 miles north-east of Richmond
6 miles west of London's West End
Roads
M4, A4, A315, A40
Rail
Turnham Green Underground (District Line)
Air
Heathrow Airport
Situation
The property is prominently located on the corner of Chiswick High Road and Annandale Road, opposite Turnham Green Terrace. Nearby occupiers include Chez Gérard and Strada.
Tenure
Freehold. Freehold and two Long Leasehold titles granted out of the Freehold title being offered for sale
Description
The property comprises a BANKING HALL on the ground floor with MEETING ROOMS and OFFICE ACCOMMODATION to the rear.The first floor comprises a RESIDENTIAL FLAT with a RESIDENTIAL FLAT and OFFICE ACCOMMODATION on the second floor.
VAT
VAT is not applicable to this lot.
Viewings
There will be only one viewing date, interested parties must register their details with the Auctioneers and provide identification on site. Please contact Martin Szamfeber.Tel: +44 (0)20 7034 4862.Email: martin.szamfeber@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a BANKING HALL on the ground floor with MEETING ROOMS and OFFICE ACCOMMODATION to the rear.The first floor comprises a RESIDENTIAL FLAT with a RESIDENTIAL FLAT and OFFICE ACCOMMODATION on the second floor.
VAT
VAT is not applicable to this lot.
Viewings
There will be only one viewing date, interested parties must register their details with the Auctioneers and provide identification on site. Please contact Martin Szamfeber.Tel: +44 (0)20 7034 4862.Email: martin.szamfeber@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
149/153 Chiswick High Road
Basement Ground
Strong Room Banking Hall
52.90 sq m 223.40 sq m
(569 sq ft) (2,404 sq ft)
BARCLAYS BANK PLC (1)
20 years from 09/11/2006 until 2026 on a full repairing and insuring lease (2)(3)
£150,000
25/03/2011
149A
First
Residential Flat
Not measured
INDIVIDUAL
Assured Shorthold Tenancy for 12 months from 02/05/2010 (5)
£18,459.60 (4)
149B
Second (Part)
Residential Flat
Not measured
INDIVIDUAL
Assured Shorthold Tenancy for 24 months from 12/06/2009
£13,520.04 (4)
151-153
Second (Part)
Office
78.80 sq m
(848 sq ft)
SARAH AUSTIN (t/a Austins Solicitors)
Until 29/09/2017
£25,000
Total Approx Commercial Area
355.10 sq m
(3,821 sq ft)
£206,979.64
(1) For the year ending 31st December 2009, Barclays Bank plc reported a turnover of 31,182,000,000, pre-tax profits of 4,559,000,000 and a net worth of 47,130,000,000. (Source: www.riskdisk.com 10/06/2010) (2) The lease is subject to a tenant's option to determine the lease on the 15th anniversary of the term. (3) The lease is subject to a schedule of condition. (4) As to the Assured Shorthold Tenancies, the rents shown above have been annualised. (5) The tenant is currently holding over.
