Entirely let to Baleday Limited until 2025 (No Breaks) with fixed rental uplift in 2020
Prominent position on busy High Street close to Harrow and Wealdstone Overground, Underground and Rail Station (14 min journey to London Euston)
Nearby occupiers include Lloyds TSB, Santander and Subway
Lot 7
Auction 22nd May 2014
Rent £28,562 per Annum Exclusive
Status Sold
Price £545,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Joint LPA Receivers
Property Information
Location
Miles
7 miles south-east of Watford, 16 miles north-east of Slough, 13 miles north-west of Central London
Roads
A409
Rail
Harrow & Wealdstone Rail, Overground and Underground (Bakerloo Line)
Air
London Heathrow
Situation
The property is situated on the western side of the High Street, approximately 200 metres from Harrow and Wealdstone Overground, Underground and Rail Station, providing services to London Euston in 14 minutes. Nearby occupiers include Lloyds TSB, Santander, Subway, Betfred and William Hill.
Tenure
Freehold.
Location
Miles
7 miles south-east of Watford, 16 miles north-east of Slough, 13 miles north-west of Central London
Roads
A409
Rail
Harrow & Wealdstone Rail, Overground and Underground (Bakerloo Line)
Air
London Heathrow
Situation
The property is situated on the western side of the High Street, approximately 200 metres from Harrow and Wealdstone Overground, Underground and Rail Station, providing services to London Euston in 14 minutes. Nearby occupiers include Lloyds TSB, Santander, Subway, Betfred and William Hill.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit currently used as a betting shop with a two bedroom flat on the first and second floors accessed via the retail unit. The property benefits from a yard/garden area to the rear of the property.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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 a ground floor retail unit currently used as a betting shop with a two bedroom flat on the first and second floors accessed via the retail unit. The property benefits from a yard/garden area to the rear of the property.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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
Review
Ground First/Second
Retail Residential – 2 Bed Flat
92.52 sq m 74.93 sq m
(996 sq ft) (807 sq ft)
BALEDAY LIMITED (1) t/a Agora Amusements
13 years 5 months from 01/07/2012 until 31/11/2025 on a full repairing and insuring lease
£28,562 (2)
01/12/2020 (2)
Totals
167.45 sq m
(1,803 sq ft)
£28,562 rising to £32,632 in 2020
(1) Baleday Limited is a wholly owned subsidiary of Praesepe Holdings Limited. Praesepe is the UK’s largest chain of adult gaming centres operating from a total of 170 adult gaming centres, bingo clubs and family entertainment centres in 100 towns and cities throughout Great Britain. (Source: www.cashinogaming.com 22/04/2014) (2)For the purposes of clarification, the current rent is £25,000 p.a.x. rising to £28,562 in December 2015 and £32,632 p.a.x. in December 2020. The Seller has agreed to adjust the completion monies so that the property effectively produces £28,562 p.a.x. from completion of the sale.
Contacts
Seller's Solicitors
Wedlake Bell Solicitors 52 Bedford Row London WC1R 4LR
