Attractive Freehold Bank Investment on a New 5 year lease and Vacant First Floor (1)
Popular West London suburb
Ground let to Santander UK PLC on a new 5 year lease (NO Breaks)
Bank lease renewal from 25th December 2020
VAT-free Investment
Future alternative use potential of the upper floor (1)
Lot 5
Auction 16th June 2021
Rent £18,000 per Annum Exclusive
Status Sold
Price £530,000
Sector Bank
Auction Venue Live Streamed Auction
On Instructions of a Major Property Company
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
Hayes is 15 miles west of central London, 5 miles north of Heathrow Airport and 6 miles east of the North Circular Road. the property is located in the town centre on Station Road close to its junction with Botwell Lane. Nearby occupiers include McDonalds, Costa, Superdrug, Boots, Lloyds, HSBC, Greggs amongst a number of other retailers.
Tenure
Freehold.
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
Hayes is 15 miles west of central London, 5 miles north of Heathrow Airport and 6 miles east of the North Circular Road. the property is located in the town centre on Station Road close to its junction with Botwell Lane. Nearby occupiers include McDonalds, Costa, Superdrug, Boots, Lloyds, HSBC, Greggs amongst a number of other retailers.
Tenure
Freehold.
Description
The property comprises a ground floor bank. (1) The first floor is vacant but with no access. The bank is connected at ground floor with the adjoining unit which is also occupied by Santander (the adjoining unit No16 is not included in the sale).
VAT
VAT is not applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.hillingdon.gov.uk
Viewings
There will be no internal viewings of the property due to Covid-19.
Completion Period
Six Week Completion
EPC
See legal pack at www.acuitus.co.uk
Description
The property comprises a ground floor bank. (1) The first floor is vacant but with no access. The bank is connected at ground floor with the adjoining unit which is also occupied by Santander (the adjoining unit No16 is not included in the sale).
VAT
VAT is not applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.hillingdon.gov.uk
Viewings
There will be no internal viewings of the property due to Covid-19.
Completion Period
Six Week Completion
EPC
See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Banking
59 sq m
(636 sq ft)
SANTANDER UK PLC (2) (3)
5 years from 25/12/2020
£18,000
(24/12/2025) (3)
First
34 sq m
(374 sq ft)
Vacant (1)
Total
93 sq m
(1,010 sq ft)
£18,000
(1) Currently vacant with no access from within the property. (2) For the year ending 31st December 2019, Santander UK PLC reported a turnover of £7,224,000,000, a pre-tax profit of £1,012,000,000 and shareholders funds of £15,857,000,000 (Source: NorthRow 19/01/2021). (3) Please note this branch is on Santander's bank closure list announced on 26 March 2021.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
Contacts
Seller's Solicitors
Addleshaw Goddard LLP One St Peter's Square Manchester M2 3DE
