Wilkinsons, 1 Pump Lane Hayes Middlesex UB3 3NB

Wilkinsons, 1 Pump Lane
Hayes
Middlesex
UB3 3NB

Substantial Retail Investment

Predominantly let to Wilkinson Hardware Stores Ltd
Prominent position in town centre location with nearby occupiers including Iceland, Argos and McDonald's
Property additionally comprises a Civic Hall and a rooftop car park with some 110 spaces
Six Week Completion Period
Rent: £230,000.05 p.a.x. (gross) £224,125.05 p.a.x. (net)

Lot
23
Auction
18th October 2011
Rent
£224,125 per Annum Exclusive
Status
Sold
Price
£2,000,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the instructions of J Pitt and B Moon acting as Joint Fixed Charge Receivers, BNP Paribas Real Estate

Important Update Interested?

Expand
Photos
Map

Substantial Retail Investment

Predominantly let to Wilkinson Hardware Stores Ltd
Prominent position in town centre location with nearby occupiers including Iceland, Argos and McDonald's
Property additionally comprises a Civic Hall and a rooftop car park with some 110 spaces
Six Week Completion Period
Rent: £230,000.05 p.a.x. (gross) £224,125.05 p.a.x. (net)

Lot 23
Auction 18th October 2011
Rent £224,125 per Annum Exclusive
Status Sold
Price £2,000,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the instructions of J Pitt and B Moon acting as Joint Fixed Charge Receivers, BNP Paribas Real Estate

Property Information

Location

Miles: 15 miles west of Central London, 5 miles north of Heathrow, 7 miles east of Slough
Roads: A40, A312, M4 (Junction 3) M25 (Junction 15)
Rail: Hayes & Harlington Rail Station (direct to London Paddington approx., 18 mins)
Air: London Heathrow

Situation

The property is situated in a prominent corner position at the junction of Pump Lane and Station Road, Hayes' prime pedestrianised retail thoroughfare.

Tenure

Long Leasehold. Held from The Mayor & Burgesses of The London Borough of Hillingdon for a term of 99 years from 25th March 1979 at a current rent of £5,875 p.a.x. The rent is reviewed five yearly to 2.5% of the rack rental value of the property (excluding the car park and the Civic Hall). The 2011 rent review is currently outstanding.

Location

Miles: 15 miles west of Central London, 5 miles north of Heathrow, 7 miles east of Slough
Roads: A40, A312, M4 (Junction 3) M25 (Junction 15)
Rail: Hayes & Harlington Rail Station (direct to London Paddington approx., 18 mins)
Air: London Heathrow

Situation

The property is situated in a prominent corner position at the junction of Pump Lane and Station Road, Hayes' prime pedestrianised retail thoroughfare.

Tenure

Description

The property comprises a substantial retail unit on ground and first floors and also includes a Civic Hall to the north of the building. Additionally the property benefits from a rooftop car park (approx. 110 spaces) and service access for the retail unit via a road off Pump Lane.

NB This property is being marketed for sale on behalf of Joint Law of Property Act Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is 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 (gross)	Reviews/(Reversion)
Ground Ground First	Sales/Ancillary Covered Loading Areas Ancillary/Staff	2,449.31 sq m 148.64 sq m 674.45 sq m	(26,365 sq ft) (1,600 sq ft) (7,260 sq ft)	WILKINSON HARDWARE STORES LTD (1)	20 years from 10/07/1998 on a full repairing lease	£230,000	10/07/2013 (10/07 2018)
Ground & First Roof	Civic Hall and Car Park	Not Measured	Not Measured	THE MAJOR & BURGESSES OF THE LONDON BOROUGH OF HILLINGDON	99 years (less 3 days) from 25/03/1979	£0.05	(21/03/2078)
Totals		3,272.40 sq m	(35,225 sq ft)			£230,000.05

(1) For the year ending 29th January 2010, Wilkinson Hardware Stores Ltd reported a turnover of £1,556,210,000, pre-tax profits of £64,951,000 and a total net worth of £212,451,000. (Source: www.riskdisk.com 15/08/2011)