Let to Instant Cash Loans Limited t/a The Money Shop until 2027 (subject to option)
Prominent town centre location
Directly opposite the new Oaks Shopping Centre with pre lets including M&S Simply Food, Wilko and Lidl.
Crossrail Station to open close by in 2019
Neighbouring occupiers include Boots, McDonald's, NatWest, Costa and Vodafone
Lot 3
Auction 14th February 2018
Rent £37,500 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
7 miles west of the City of London, 1 mile east of Ealing
Roads
A4020, A406 (north circular road) A40, M4
Rail
Acton Central (London Overground), Acton Town, Underground (District and Piccadilly Lines)
Air
Heathrow Airport
Situation
The property is prominently situated on the south side of High Street, on the junction with Oldham Terrace Road The area is well connected by rail and road with the new crossrail services which are due to start operating from Acton Mainline in 2019, reducing journey times to Bond Street to just 9 minutes. The property benefits from being directly opposite the new Oaks Shopping Centre, which provided 11 new retail units, a gym and 178 flats. 3 units have been pre let to Marks & Spencer Simply Food, Wilko and Lidl. Neighbouring occupiers include Boots, McDonald's, NatWest, Costa and Vodafone.
Tenure
Freehold.
Location
Miles
7 miles west of the City of London, 1 mile east of Ealing
Roads
A4020, A406 (north circular road) A40, M4
Rail
Acton Central (London Overground), Acton Town, Underground (District and Piccadilly Lines)
Air
Heathrow Airport
Situation
The property is prominently situated on the south side of High Street, on the junction with Oldham Terrace Road The area is well connected by rail and road with the new crossrail services which are due to start operating from Acton Mainline in 2019, reducing journey times to Bond Street to just 9 minutes. The property benefits from being directly opposite the new Oaks Shopping Centre, which provided 11 new retail units, a gym and 178 flats. 3 units have been pre let to Marks & Spencer Simply Food, Wilko and Lidl. Neighbouring occupiers include Boots, McDonald's, NatWest, Costa and Vodafone.
Tenure
Freehold.
Description
The property comprises ground floor retail unit with ancillary accommodation in the basement. The three upper floors provide self-contained residential accommodation which have been let on a long lease.
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 ground floor retail unit with ancillary accommodation in the basement. The three upper floors provide self-contained residential accommodation which have been let on a long lease.
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
Reversion
Ground Mezzanine Basement
Retail/Ancillary Storage Storage
75.96 sq m 1.49 sq m 29.70 sq m
(818 sq ft) (16 sq ft) (320 sq ft)
INSTANT CASH LOANS LTD t/a The Money Shop (1)
10 years from 8th December 2017 (2)
£37,500
07/12/2022 07/12/2027
First Second Third
Residential Residential Residential
Not measured
999 years from completion of the sale
Peppercorn
Totals (Commercial)
107.15 sq m
(1,154 sq ft)
£37,500
(1) Instant Cash Loans Limited are a provider of financial services to a wide range of customers nationwide, with products including loans, pawnbroking, cash for gold, travel money, jewellery and watches and cheque cashing. Instant Cash Loans Limited operate from hundreds of stores nationwide (www.themoneyshop.com). (2) The lease provides for a tenant option to determine on 07/12/2022.
