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Lot 25
74 High Street, Ruislip, Middlesex HA4 7AA

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6 Week completion

SITUATION

Occupying a prominent position close to the Junction with Ickenham Road, adjacent to WH Smith and amongst such other multiples as M&S Simply Food, Halifax, Costa, Pizza Express, Boots Pharmacy, Tesco Express, KFC, NatWest, Lloyds Bank and many others as well as being approx. 500 yards distance to Ruislip Underground Station (Piccadilly & Metropolitan Lines).
Ruislip is a busy commuter suburb lying approx. 12 miles north-west of Central London with good road links via the A40 (M) Western Avenue.

PROPERTY

An attractive and substantial terraced building comprising a deep Ground Floor Double Shop with separate rear access to 2 Self-Contained Flats on the first, second and third floors.
In addition, the property benefits from a rear service road for unloading and parking.

VAT is NOT applicable to this Lot

FREEHOLD

ACCOMMODATION1

Ground Floor Double Shop
Gross Frontage 28'8"
Built Depth 109'10"
Area Approx 2,423 sq ft2
First Floor Flat
2 Bedrooms, Living Room, Kitchen, Bathroom/WC
Second & Third Floor Flat
3 Bedrooms, Living Room, Kitchen, Bathroom/WC

1 Not inspected.
2Area from VOA.

TENANCY

The entire property is let on a full repairing and insuring lease (excluding latent or inherent defects) to The Edinburgh Woollen Mill Limited as a Fashion Retailer (having 265 branches) (T/O for Y/E 27/2/16 £168.7m, Pre-Tax Profit £24.68m and Shareholders' Funds £144.8m) for a term of 15 years from 25th December 2006 at a current rent of £61,000 per annum exclusive.

Rent Reviews 2016 outstanding.

Note: There may be development potential on the rear flat roof, subject to obtaining the necessary consents.

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £750 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.