Neighbouring occupiers include McDonald’s, Next, Sports Direct.com, Homebase and Sainsburys
Six Week Completion
Lot 21
Auction 5th December 2013
Rent Gross: £91,000 per Annum Exclusive
Status Sold
Price £1,280,000
Sector Restaurant
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
12 miles west of Central London
Roads
A312, A4020, M25
Rail
Hayes & Hillingdon, Southall Railway Station
Air
London Heathrow Airport
Situation
The property is prominently situated at the entrance to the busy Lombardy Retail Park, which is situated at the junction of Parkway (A312) and Uxbridge Road (A4020).
Tenure
Leasehold. Held for a term of 125 years from 25th March 1993 until 2118 at a peppercorn
rent.
Location
Miles
12 miles west of Central London
Roads
A312, A4020, M25
Rail
Hayes & Hillingdon, Southall Railway Station
Air
London Heathrow Airport
Situation
The property is prominently situated at the entrance to the busy Lombardy Retail Park, which is situated at the junction of Parkway (A312) and Uxbridge Road (A4020).
Tenure
Leasehold. Held for a term of 125 years from 25th March 1993 until 2118 at a peppercorn
rent.
Description
The property comprises a modern purpose built restaurant unit benefiting from a site area of approximately 0.14 hectares (0.35 acres) which accommodates some 28 car parking spaces.
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 a modern purpose built restaurant unit benefiting from a site area of approximately 0.14 hectares (0.35 acres) which accommodates some 28 car parking spaces.
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
Restaurant
312 sq m
(3,357 sq ft)
PIZZA HUT (UK) LIMITED (1)
30 years from 24th June 1994 until 2024 on a full repairing and insuring lease
£91,000
2014 and 2019
Totals
312 sq m
(3,357 sq ft)
£91,000
(1) For the year ending 2nd December 2012, Pizza Hut (UK) Limited reported a turnover of £268,692,000, pre-tax profits of £1,329,000 and a net worth of £54,786,000. (Source: www.riskdisk.com 08/11/2013)
