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Lot 17

Future Development Potential
6 Week Completion

Situation

Occupying a prominent trading position close to the junction with Leeland Terrace and amongst such multiples as Subway, British Heart Foundation, Iceland, Costa, Boots, William Hill and a host of local traders. There is also a public car park to the rear.
In addition, the property is just ⅓ mile from West Ealing Train Station (Chiltern Railways, GWR, TfL Rail lines) which is due to be served by Crossrail and it should provide a direct rail service westbound to Heathrow and eastbound to Bond Street in 15 minutes and Canary Wharf in 29 minutes.
West Ealing is a popular suburb which lies some 8 miles west of central London and 7 miles from Heathrow airport via the M4.

Property

An end of terrace building comprising a Ground Floor Restaurant (currently with an ATM) with internal and separate side access to Ancillary Accommodation at rear first floor level.

Accommodation

Ground Floor Restaurant (approx. 50 covers)
Gross Frontage 21'10”
Internal Width 18'9”
widening at rear to 23'10”
Restaurant Depth 52'7”
Built Depth 68'4”
Kitchen/Prep/Store Area Approx. 400 sq ft
2 WCs
First Floor Ancillary
Area Approx. 555 sq ft incl. Bath/WC

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to H. J. Butt & B. Hussain as a Punjabi Restaurant/Takeaway (visit: tasteoflahore.co.uk) for a term of 20 years from 25th December 2009 at a current rent of £35,500 per annum exclusive.

Rent Reviews 2021 and 4 yearly

Tenant's Break at anytime on 12 months prior notice.

There is a £7,500 Rent Deposit held.

Note: There may be potential for the development of a 4 storey block of flats to include commercial use on the ground floor, subject to obtaining possession and 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 Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 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.

1 Broadway, West Ealing, London W13 9DA