113 High Street Hounslow Greater London TW3 1QT

113 High Street
Hounslow
Greater London
TW3 1QT

Public House and Residential Investment

Let to Bar 113 Limited (1)
Includes two residential flats
Busy pedestrianised High Street location
Nearby occupiers include Ladbrokes, Argos, Marks & Spencer, Primark, Moss Menswear and HSBC Bank
Six Week Completion Period Available

Lot
26
Auction
21st March 2013
Rent
£46,800 per Annum Exclusive
Status
Sold
Price
£530,000
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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Public House and Residential Investment

Let to Bar 113 Limited (1)
Includes two residential flats
Busy pedestrianised High Street location
Nearby occupiers include Ladbrokes, Argos, Marks & Spencer, Primark, Moss Menswear and HSBC Bank
Six Week Completion Period Available

Lot 26
Auction 21st March 2013
Rent £46,800 per Annum Exclusive
Status Sold
Price £530,000
Sector
Leisure
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: 12 miles west of Central London
Roads: A4, M4, M25
Rail: Hounslow East Underground Station (Piccadilly Line), Hounslow Central Underground Station (Piccadilly Line)
Air: Heathrow Airport (2 miles)

Situation

The property is situated on the south side of the busy pedestrianised High Street, close to the junction with Hanworth Road. Nearby occupiers include Ladbrokes, Argos, Marks & Spencer, Primark, Moss Menswear and HSBC Bank.

Tenure

Virtual Freehold. Virtual Freehold. Held for a term of 999 years from 12th November 1996 at a peppercorn rent.

Location

Miles: 12 miles west of Central London
Roads: A4, M4, M25
Rail: Hounslow East Underground Station (Piccadilly Line), Hounslow Central Underground Station (Piccadilly Line)
Air: Heathrow Airport (2 miles)

Situation

Tenure

Virtual Freehold. Virtual Freehold. Held for a term of 999 years from 12th November 1996 at a peppercorn rent.

Description

The property comprises ground floor public house accommodation, ancillary accommodation in the basement and part of the first floor. The remaining part of the first floor comprises a self-contained three bedroom flat and a studio flat. The property benefits from rear access via Hanworth Road.

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
Basement Ground First First First	Ancillary Public House Ancillary 3 Bedroom Flat Studio	121.70 sq m 125.88 sq m 32.52 sq m 75.43 sq m 9.92 sq m	(1,310 sq ft) (1,355 sq ft) (350 sq ft) (812 sq ft) (100 sq ft)	BAR 113 LIMITED (1)	Management Agreement (2)	£46,800
Totals		365.45 sq m	(3,927 sq ft)			£46,800 (2)

1) Bar 113 Limited were formerly GRG Leisure Ltd.
(2)Bar 113 Limited occupy the property by virtue of a Management Agreement between Bar 113 Limited and the previous sub tenant, The Barracuda Pub Company Limited. Under the terms of the Management Agreement, a licence fee of £900 per week is payable. The rent shown above has been annualised. The Management Agreement is for a term until 22nd September 2014 and may be determined by the Bar 113 Limited at any time on 6 months’ written notice. The vendor may determine the agreement at any time on various grounds including breach by Bar 113 Limited, insolvency of Bar 113 Limited or a change of control of Bar 113 Limited. Please see clause 8 of the Management Agreement (a copy of which is available in the Legal Pack) for more details.