86 Broadway West Ealing London W13 0SY

86 Broadway
West Ealing
London
W13 0SY

Freehold Retail Investment in Affluent London Suburb

Busy High Street location in affluent London suburb
Entirely let to Cash Generator Limited on a new 10 year lease until 2022
Nearby occupiers include Carphone Warehouse, Nationwide, Barclays
Bank, Holland & Barrett and Superdrug
Six Week Completion Period Available

Lot
28
Auction
24th May 2012
Rent
£50,000 per Annum Exclusive
Status
Sold
Price
£615,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of Joint LPA Receivers, Wedlake Bell

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Freehold Retail Investment in Affluent London Suburb

Busy High Street location in affluent London suburb
Entirely let to Cash Generator Limited on a new 10 year lease until 2022
Nearby occupiers include Carphone Warehouse, Nationwide, Barclays
Bank, Holland & Barrett and Superdrug
Six Week Completion Period Available

Lot 28
Auction 24th May 2012
Rent £50,000 per Annum Exclusive
Status Sold
Price £615,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of Joint LPA Receivers, Wedlake Bell

Property Information

Location

Miles: 1 mile west of Ealing Broadway, 5 miles north of Richmond, 8 miles west of Central London
Roads: A4020, M4 (Junction 2)
Rail: West Ealing Rail (13 minutes to London Paddington)
Air: London Heathrow

Situation

The property is situated in a prominent position on the northern side of the busy Broadway (A4020) approximately 1 mile west of Ealing Broadway. Nearby occupiers include Carphone Warehouse, Nationwide, Barclays Bank, Holland & Barrett and Superdrug.

Tenure

Freehold.

Location

Miles: 1 mile west of Ealing Broadway, 5 miles north of Richmond, 8 miles west of Central London
Roads: A4020, M4 (Junction 2)
Rail: West Ealing Rail (13 minutes to London Paddington)
Air: London Heathrow

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first floor ancillary accommodation.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.

VAT

VAT is not applicable to this lot.

EPC

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

Description

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	Reviews
Ground First	Retail Ancillary	172.86 sq m 109.09 sq m	(1,861 sq ft) (1,174 sq ft)	CASH GENERATORLIMITED (1)	10 years from 27/02/2012 until 26/02/2022 on a full repairing and insuring lease	£50,000	27/02/2017
Totals		281.95 sq m	(3,035 sq ft)			£50,000 (2) (3)

(1) For the year ending 29th January 2011, Cash Generator Limited reported a turnover of £13,714,684, pre-tax profits of £2,052,423 and a total net worth of £4,059,979. (Source: www.riskdisk.com 18/04/2012)
(2)The tenant is currently benefiting from a rent free period until 27th April 2013. The seller has agreed to adjust the completion monies so that the property will effectively produce £50,000 p.a.x. from completion of the sale
(3)By personal arrangement the rent is payable monthly, not quarterly.