Includes 5 self-contained flats on the upper floors
September 2016 Bank Rent Review notice served at £72,500 p.a.x.
Popular North West London suburb
Nearby occupiers include Iceland Foods and David Lloyd Leisure
Car parking for approximately 8 cars
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 24
Auction 7th July 2016
Rent £124,500 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
8 miles from London’s West End, 2 miles west of Wembley Stadium, 8 miles south-west of Watford
Roads
A40, A404, A406, A409
Rail
Greenford Railway Station, Sudbury Hill Underground (Piccadilly Line)
Air
London Heathrow Airport, London City Airport, London Luton Airport
Situation
The property is situated on the west side of the busy Greenford Road (A4127) within a popular North West London residential suburb, some 160 metres south of Sudbury Hill Underground Station. Greenford benefits from excellent transport links being located on the A40, the main arterial route through North West London which connects to the M40 Motorway. Nearby occupiers include Iceland Foods and David Lloyd Leisure.
Tenure
Freehold.
Location
Miles
8 miles from London’s West End, 2 miles west of Wembley Stadium, 8 miles south-west of Watford
Roads
A40, A404, A406, A409
Rail
Greenford Railway Station, Sudbury Hill Underground (Piccadilly Line)
Air
London Heathrow Airport, London City Airport, London Luton Airport
Situation
The property is situated on the west side of the busy Greenford Road (A4127) within a popular North West London residential suburb, some 160 metres south of Sudbury Hill Underground Station. Greenford benefits from excellent transport links being located on the A40, the main arterial route through North West London which connects to the M40 Motorway. Nearby occupiers include Iceland Foods and David Lloyd Leisure.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall and 2 x three bedroom and 3 x two bedroom self-contained flats on the first and second floors accessed from the rear of the property. The property benefits from a significant quadruple frontage and car parking for approximately 8 cars.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall and 2 x three bedroom and 3 x two bedroom self-contained flats on the first and second floors accessed from the rear of the property. The property benefits from a significant quadruple frontage and car parking for approximately 8 cars.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
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/(Reversion)
Ground
Banking Hall/Office
284.90 sq m
(3,067 sq ft)
BARCLAYS BANK PLC (1)
10 years from 29/09/2011
£52,500
29/09/2016 (2) (28/09/2021)
First and Second
2 x three bedroom and 3 x two bedroom residential flats
INDIVIDUALS
Assured Shorthold Tenancies
£72,000 (3)
Total Commercial Area
284.90 sq m
(3,067 sq ft)
£124,500
(1) For the year ending 31st December 2015, Barclays Bank PLC reported pre tax profits of £2,841,000,000, and a total net worth of £43,108,000,000. (Source: www.riskdisk.com 01/06/2016) (2) The seller has served a notice in respect of the September 2016 Rent Review proposing a new rent of £72,500 per annum exclusive. (3) The rents shown for the residential flats have been annualised. A schedule of tenancies is available upon request.
