81 Swakeleys Road Ickenham Greater London UB10 8DQ

81 Swakeleys Road
Ickenham
Greater London
UB10 8DQ

Freehold Retail and Residential Investment

First time on the market for over 70 years
Let on a renewed 15 year lease until 2031
Includes 6 room self-contained maisonette
Located in a popular North West London suburb
Residential Redevelopment Potential (subject to consent)

Lot
50
Auction
19th October 2017
Rent
£35,752 per Annum Exclusive
Status
Sold
Price
£702,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail and Residential Investment

First time on the market for over 70 years
Let on a renewed 15 year lease until 2031
Includes 6 room self-contained maisonette
Located in a popular North West London suburb
Residential Redevelopment Potential (subject to consent)

Lot 50
Auction 19th October 2017
Rent £35,752 per Annum Exclusive
Status Sold
Price £702,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 17 miles north-west of Cental London
Roads: A40, M40, M25
Rail: Ickenham Underground, West Ruislip Railway Station, Hillingdon Railway Station
Air: Heathrow

Situation

Ickenham is a popular and attractive North West London suburb situated approximately 17 miles from the centre of London. With access to Underground and railway stations, as well as major road networks, Ickenham is a well connected London commuter town. The property is prominently located on the south side of Swakeleys Road, close to the junction with Ivy House Road. Nearby occupiers include Co-operative Food, JD Wetherspoon and Coral, as well as an eclectic mix of local traders.

Tenure

Freehold.

Location

Miles: 17 miles north-west of Cental London
Roads: A40, M40, M25
Rail: Ickenham Underground, West Ruislip Railway Station, Hillingdon Railway Station
Air: Heathrow

Situation

Tenure

Freehold.

Description

The property includes a substantial detached mixed nuse building with retail accommodation on the ground floor and a self-contained three bedroom maisonette on the first and second floors. The maisonette benefits from a separate access from the front of the property. nThe maisonette may be suitable for conversion to multiple residential flats, subject to consents

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

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) (2)		Tenant	Term	Rent p.a.x	Review
Ground Ground (Rear)	Retail Lean-to Storage (3)	83.66 sq m 42.63 sq m	(900 sq ft) (458 sq ft)	INDIVIDUALS t/a Costsave	15 years from 24/06/2016 until 2031	£21,000	24/06/2021 24/06/2026
First Second	6 room selfcontained maisonette	78.07 sq m 54.50 sq m	(840 sq ft) (586 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy (holding over)	£13,200
West Elevation	Advertising right	–	–	J C DECAUX	Rolling Agreement (1)	£1,252.88
East Elevation	Advertising right	–	–	PRIME SIGHT	Rolling Agreement	£300
Total area		258.86 sq m	(2,784 sq ft)			£35,752.88

(1) As to the advertising right on the west elevation, the tenant has served a notice to determine the agreement on 5/7/2018.
(2) The floor areas stated above for the residential maisonette are Gross Internal Areas.
(3) The lean-to storage is a tenant’s improvement.