Barclays Bank 149/153 Chiswick High Road Chiswick London W4 2EA

Barclays Bank
149/153 Chiswick High Road
Chiswick
London
W4 2EA

Freehold Retail/Residential Investment

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
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Important Update Interested?

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Freehold Retail/Residential Investment

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

VAT

VAT is not applicable to this lot.

Viewings

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.