Restaurant with self-contained four bedroom flat above
VAT-free investment
Lot 7
Auction 28th March 2018
Rent £54,900 per Annum Exclusive
Status Sold
Price £1,005,000
Sector Restaurant
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Mapeley
Property Information
Location
Miles
14 miles north-west of Central London, 4 miles south of Watford, 3 miles north of Harrow
Roads
A410 (Uxbridge Road), A404, M1, M25
Rail
Hatch End Railway Station
Air
London Heathrow and London Gatwick Airports
Situation
Hatch End is an affluent London communter town located 14 miles north-west of Central London. The property is located in a central trading position on the north side of Uxbridge Road, close to its junction with Cornwall Road, 400 metres west of Hatch End railway station. Occupiers close by include Costa, Coral, NatWest and Tesco.
Tenure
Freehold.
Location
Miles
14 miles north-west of Central London, 4 miles south of Watford, 3 miles north of Harrow
Roads
A410 (Uxbridge Road), A404, M1, M25
Rail
Hatch End Railway Station
Air
London Heathrow and London Gatwick Airports
Situation
Hatch End is an affluent London communter town located 14 miles north-west of Central London. The property is located in a central trading position on the north side of Uxbridge Road, close to its junction with Cornwall Road, 400 metres west of Hatch End railway station. Occupiers close by include Costa, Coral, NatWest and Tesco.
Tenure
Freehold.
Description
The property comprises a ground floor restaurant with selfcontained residential accommodation on the first and second floors.
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 restaurant with selfcontained residential accommodation on the first and second floors.
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
Ground
Restaurant
155.88 sq m
(1,678 sq ft)
INSPIRED INDIAN LTD t/a Sakonis (1)
15 years from 04/04/2017 (2)
£37,500 (3)
2022 & 2027 (2)
First & Second
Residential
6 Rooms, Kitchen and Bathroom 166.29 sq m
(1,790 sq ft)
INDIVIDUALS
AST for 1 year from 01/11/2015
£17,400 (annualised)
Holding Over
Total
322.17 sq m
(3,468 sq ft)
(1) Sakonis trade from two shops (Source: www.sakonis.co.uk). (2) Tenant’s option to break in 2022 and 2028 upon 6 months’ prior notice. (3) Rent deposit of £22,500 held.
Contacts
Seller's Solicitors
Irwin Mitchell LLP Bauhaus, Rossetti Place, 27 Quay Street Manchester M3 4AW