Ground floor restaurant let to Paolos Limited (with guarantee) until March 2024
Nearby occupiers include William Hill, Waitrose, Costa Coffee, Boots and Santander
Less than 350 metres from Gerrards Cross Railway Station (22 mins to London Marylebone)
Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>
Lot 2
Auction 11th December 2014
Rent £45,200 per Annum Exclusive
Status Withdrawn Post
Price
Sector Leisure
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
6 miles north of Slough
18 miles west of Central London
Roads
A413, A40, M25 (Junction 16), M40 (Junction 1A)
Rail
Gerrards Cross Railway Station
Air
Heathrow International Airport
Situation
The affluent village of Gerrards Cross is located close to the border with Greater London and is popular with commuters. The property is situated on the southern side of Oak End Way, off Packhorse Road. Nearby occupiers include William Hill, Waitrose, Costa Coffee, Boots and Santander with Gerrards Cross Railway Station less than 350 metres away, with a shortest journey time of 22
minutes.
Tenure
Freehold.
Location
Miles
6 miles north of Slough
18 miles west of Central London
Roads
A413, A40, M25 (Junction 16), M40 (Junction 1A)
Rail
Gerrards Cross Railway Station
Air
Heathrow International Airport
Situation
The affluent village of Gerrards Cross is located close to the border with Greater London and is popular with commuters. The property is situated on the southern side of Oak End Way, off Packhorse Road. Nearby occupiers include William Hill, Waitrose, Costa Coffee, Boots and Santander with Gerrards Cross Railway Station less than 350 metres away, with a shortest journey time of 22
minutes.
Tenure
Freehold.
Description
The property comprises a ground floor restaurant benefitting from rear servicing, and two self-contained residential flats on the upper floors, let on 125 year leases.
Six Week Completion
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 ground floor restaurant benefitting from rear servicing, and two self-contained residential flats on the upper floors, let on 125 year leases.
Six Week Completion
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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
Reversion
Ground
Restaurant/ Ancillary
177 sq m
(1,905 sq ft)
PAOLOS LIMITED t/a Di Paolo (1) with personal guarantee
15 years from 24/03/2009
£45,000
23/03/2024
First
Residential
Not Measured
CASTLESTONE INVESTMENTS LTD
125 years from completion
£100
January 2139
First
Residential
Not Measured
CASTLESTONE INVESTMENTS LTD
125 years from completion
£100
January 2139
Totals
177 sq m
(1,905 sq ft)
£45,200
(1) With 30 years of experience in the industry, Di Paolo offers an exquisite menu of authentic homemade Italian food (Source: www.dipaolo.co.uk 06/11/2014).
