Argos 137-143 High Street Hounslow TW3 1QL

Argos
137-143 High Street
Hounslow
TW3 1QL

Freehold Retail Investment

Entirely let to Argos Limited
Prominent corner position
Busy High Street location
Residential potential on upper floors (subject to necessary consents)
Residential Potential on upper floors (subject to necessary consents)
Nearby occupiers include Marks & Spencer, Primark, Moss Menswear, HSBC Bank and Boots the Chemist
Twelve Week Completion

Lot
17
Auction
23rd May 2013
Rent
£159,000 per Annum Exclusive
Status
Sold
Price
£2,155,000
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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Freehold Retail Investment

Entirely let to Argos Limited
Prominent corner position
Busy High Street location
Residential potential on upper floors (subject to necessary consents)
Residential Potential on upper floors (subject to necessary consents)
Nearby occupiers include Marks & Spencer, Primark, Moss Menswear, HSBC Bank and Boots the Chemist
Twelve Week Completion

Lot 17
Auction 23rd May 2013
Rent £159,000 per Annum Exclusive
Status Sold
Price £2,155,000
Sector
High Street Retail
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 High Street, adjacent to the junction with Fair Street. Neighbouring occupiers include Marks & Spencer, Primark, Moss Menswear, HSBC Bank and Boots the Chemist.

Tenure

Freehold.

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

Freehold.

Description

The property comprises ground floor retail accommodation with first and second floor ancillary accommodation. The property benefits from a significant frontage to the High Street and rear access.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises ground floor retail accommodation with first and second floor ancillary accommodation. The property benefits from a significant frontage to the High Street and rear access.

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	Review/(Reversion)
Ground First Second	Retail Ancillary Ancillary	817.91 sq m 585.99 sq m 172.23 sq m	(8,804 sq ft) (6,307 sq ft) (1,853 sq ft)	ARGOS LIMITED (1)	15 years from 26/11/2004 on a full repairing and insuring lease	£159,000	26/11/2014 (25/11/2019)
Totals		1,576.13 sq m	(16,964 sq ft)			£159,000

(1) For the year ending 30/03/2012, Argos Limited reported a turnover of 3,749,910,000, pre-tax profits of £17,035,000 and a total net worth of £1,170,118,000. (Source: www.riskdisk.com 04/04/2013)