Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
12 miles east of Central London, 4.5 miles from Stratford, 4 miles south-west of Romford
Roads
M11, North Circular (A406), A12
Rail
Ilford Railway Station, Newbury Park Underground Station (Central Line)
Air
London City Airport, Stansted Airport
Situation
The property is prominently situated on the south side of busy High Road (A118) next to a modern and significant Sikh Temple. Howdens Joinery, Topps Tiles, Magnet and the County Court are all nearby as well as an eclectic mix of local retailers.
Tenure
Virtual Freehold. Held for a term of 999 years from completion at a peppercorn rent.
Location
Miles
12 miles east of Central London, 4.5 miles from Stratford, 4 miles south-west of Romford
Roads
M11, North Circular (A406), A12
Rail
Ilford Railway Station, Newbury Park Underground Station (Central Line)
Air
London City Airport, Stansted Airport
Situation
The property is prominently situated on the south side of busy High Road (A118) next to a modern and significant Sikh Temple. Howdens Joinery, Topps Tiles, Magnet and the County Court are all nearby as well as an eclectic mix of local retailers.
Tenure
Virtual Freehold. Held for a term of 999 years from completion at a peppercorn rent.
Description
The property comprises a parade of six ground floor retail units with forecourt car parking and office/D1 used as a training centre and secure car parking for 10 cars at the rear of the ground floor. The office/ D1 training centre is accessed separately from the front of the property and has rear access. The property forms part of a larger building.
Buyer's Legal 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 parade of six ground floor retail units with forecourt car parking and office/D1 used as a training centre and secure car parking for 10 cars at the rear of the ground floor. The office/ D1 training centre is accessed separately from the front of the property and has rear access. The property forms part of a larger building.
Buyer's Legal 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
Review/(Reversion)
Ground
D1 Training Centre
492.57 sq m
(5,302 sq ft)
PLAB TRAINER LIMITED (1)
8 years from 14/03/2011 (2)
£53,600
(13/03/2019)
Ground
Office
105.44 sq m
(1,135 sq ft)
PATEL & JOACHIM LLP (t/a Solicitors)
19 years from 05/01/2009
£21,000
05/01/2015 (25/12/2028)
Ground
Retail
71.25 sq m
(767 sq ft)
IDEAL FONE UK LIMITED (3)
10 years from 08/04/2010
£12,000
(07/04/2020)
Ground
32.51 sq m
(350 sq ft)
VACANT POSSESSION
Ground
Retail
34.74 sq m
(374 sq ft)
MR GINTARAS DACKEVICIUS (t/a Atlantic Aquarium)
3 years from 01/02/2011
£8,000
(31/01/2014 Holding Over)
Ground
Retail
40.59 sq m
(437 sq ft)
MR TARUN PAL (t/a Ram Jewellers)
10 years from 22/07/2011
£8,000
21/07/2021
Totals
777.10 sq m
(8,365 sq ft)
£102,600 with one unit to be let
(1) Plab Trainer Limited was incorporated on 17/10/2005 and provides training courses for the PLAB test, the main route by which international medical graduates demonstrate that they have the necessary skills and knowledge to practice medicine in the UK. (Source: www.gmc-uk.org 27/02/2015) (2)The lease provides for a tenant option to determine the lease in 16/03/2016. (3) Ideal Fone UK Limited was incorporated on 07/01/2009.
