Land off Uxbridge Road (A4020) Southall London Ealing UB4 0JU

Land off Uxbridge Road (A4020)
Southall
London
Ealing
UB4 0JU

Freehold Ground Rent Investment

Let to Co-Operative Insurance Society Ltd for a further 959 years
Site area of approximately 0.56 hectares (1.40 acres)
Ransom strip benefiting from 281 metres of frontage to the Grand Union Canal
Popular West London suburb with excellent transport links

Lot
10
Auction
27th May 2010
Rent
£58,000 per Annum
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Ground Rent Investment

Let to Co-Operative Insurance Society Ltd for a further 959 years
Site area of approximately 0.56 hectares (1.40 acres)
Ransom strip benefiting from 281 metres of frontage to the Grand Union Canal
Popular West London suburb with excellent transport links

Lot 10
Auction 27th May 2010
Rent £58,000 per Annum
Status Withdrawn Post
Price
Sector
Ground Rent
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Estimated District Population: 318,000
Miles: ?11 miles from Central London; 3 miles west of Ealing
Roads: ?M4, A40, M25, M40
Rail: ?Southall Railway Station
Air: Heathrow Airport

Situation

The property, forming part of the established Brook Industrial Estate, is situated adjacent to and west of the Grand Union Canal to the west of Bankside and immediately south of the Uxbridge Road (A4020) and The Broadway. Access is via Uxbridge Road, immediately south-east of its junction with Delamere Road.Nearby occupiers include Iron Mountain, Shurgard Self Storage and Fiat while Curry's, Halfords, Dreams and Harvey's are all based in Hayes Bridge Retail Park immediately to the west of the property.

Tenure

Freehold.

Location

Estimated District Population: 318,000
Miles: ?11 miles from Central London; 3 miles west of Ealing
Roads: ?M4, A40, M25, M40
Rail: ?Southall Railway Station
Air: Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a piece of LAND of approximately 0.56 hectares (1.40 acres) benefiting from 281 metres of frontage to the Grand Union Canal. Adjacent to the property is a large warehouse occupied by Iron Mountain, the demise of the subject property forms part of the warehouse site as well as providing the main access to the rear of the warehouse. VATVAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Use	Hectares	Acres	Tenant	Term	Rent p.a.x	Review
Land	0.56	1.40	CO-OPERATIVE INSURANCE SOCIETY LTD (1)	999 years from 25/12/1970	£58,000	25/12/2027 and 21 yearly (2)
Totals	0.56	1.40			£58,000

(1) The Co-Operative Insurance Society (CIS) forms part of the Co-Operative Group, the UK's largest consumer co-operative. Co-Operative Insurance is a major life assurance and general insurance business with over 5 million customers. (Source: www.co-operativeinsurance.co.uk) For the year ending 12th January 2008, The Co-Operative Insurance Society Ltd reported a turnover of ?534,900,000, pre-tax profits of ?42,700,000 and a net worth of ?340,100,000. (Source: Experian Report as published by OneSource 12/10/2009). (2) The rent is reviewed to open market ground rental value.