Approximately 100 metres from Westfield Shopping Centre
Nearby occupiers include Costa Coffee, Starbucks, Superdrug and McDonald’s
Six Week Completion Available
Lot 7
Auction 6th December 2012
Rent £80,900 per Annum Exclusive
Status Sold
Price £1,355,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On behalf of Joint Fixed Charge Receivers, Philip Matthews and Edward Starling
Property Information
Location
Miles
2.8 miles west of Marble Arch
Roads
A40, A4020, M4 (Junction 1 – 2 miles)
Rail
Shepherds Bush Overground and Underground (Central Line)
Air
Heathrow Airport, City Airport
Situation
The property is situated in a prominent position on the north side of the busy Uxbridge Road (A4020) some 35 metres from Shepherds Bush Underground and Overground Station, and less than 100 metres from Westfield Shopping Centre which houses over 300 retailers including Debenhams, Next, Marks & Spencer and House of Fraser. Other nearby occupiers include Costa Coffee, Starbucks, Superdrug and McDonald’s.
Tenure
Freehold.
Location
Miles
2.8 miles west of Marble Arch
Roads
A40, A4020, M4 (Junction 1 – 2 miles)
Rail
Shepherds Bush Overground and Underground (Central Line)
Air
Heathrow Airport, City Airport
Situation
The property is situated in a prominent position on the north side of the busy Uxbridge Road (A4020) some 35 metres from Shepherds Bush Underground and Overground Station, and less than 100 metres from Westfield Shopping Centre which houses over 300 retailers including Debenhams, Next, Marks & Spencer and House of Fraser. Other nearby occupiers include Costa Coffee, Starbucks, Superdrug and McDonald’s.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with basement storage/ancillary accommodation and two residential flats on upper floors accessed from the rear.
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 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 not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with basement storage/ancillary accommodation and two residential flats on upper floors accessed from the rear.
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 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 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/(Reversion)
Ground Basement
Retail Ancillary/Storage
97.27 sq m 78.32 sq m
(1,047 sq ft) (843 sq ft)
GREGGS PLC (1)
10 years from 28/09/2012 on a full repairing and insuring lease
£50,000
28/09/2017 (27/09/2022)
Flat 1
Residential – 2 Bedroom
Not Measured
INDIVIDUALS
12 months AST from 01/06/2012
£14,400 (2)
(01/06/2013)
Flat 2
Residential – 2 Bedroom
Not Measured
INDIVIDUAL
12 month AST from 07/06/2012
£16,500 (2)
(07/06/2013)
Totals
175.59 sq m
(1,890 sq ft)
£80,900
(1) For the year ending 31st December 2011, Greggs plc reported a turnover of £701,088,000, pre-tax profits of £60,500,000 and a total net worth of £198,094,000. (Source: www.riskdisk.com 02/11/2012) (2)The rent has been annualised.
Contacts
Seller's Solicitors
Lawrence Graham LLP 4 More Riverside London SE1 2AU
