Home > Auctions > 15 & 16 April 2024 16 April 2024 - 9:00am > Lot 196

15 & 16 April 2024: Tuesday 16 April 2024 - 9:00am
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    Key features

    • To be offered on Tuesday 16 April
    • By order of the LPA Receivers
    • Grade II listed building
    • Currently producing £438,100 p.a.
    • Potential to increase income
    • Two office suites currently vacant
    • Mixed use investment opportunity
    • Arranged as a banqueting hall/wedding venue and 20 office suites

    Description

    The subject property is an 18th century white stucco fronted Grade II listed building with a banqueting hall on the ground and basement floors, which is let to a wedding organiser. The first and second floors have been partitioned to provide 20 office suites, two meeting rooms, two communal kitchens and shared W/C facilities. There is also approximately 50 car parking spaces located to the front and side of the property.

    Additional information

    Accommodation

    Basement - Kitchen with food preparation and storage areas

    Ground Floor - Two main function rooms, ceremony hall, bridal room, grooms rooms, office, prep kitchen, storage

    First Floor - Office Suites

    Second Floor - Office Suites

    Total GIA - 1319,15 sq m (14,200 sq ft)

    Tenancy

    The ground floor and basement is let to Said Tabibi/Abshar Banqueting Ltd for 15 years from 5.8.2019 at a current rent of £160,000 p.a.


    The First & Second Floor Offices are let to various companies at a total current rent of £278,100 p.a. with two offices currently vacant.


    Please see the legal pack for an up to date tenancy schedule.

    Notes

    Please note VAT is payable on the purchase price

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        Local information

        The property is located on Wren Avenue to the west London area of Uxbridge within the London Borough of Hillingdon.Uxbridge itself is situated on the outer skirts of west London and is bounded by Ruislip to the north, Hayes to the south, Northolt to the east and Slough to the west. The immediate area is primarily residential and comprises ample recreational facilities such as Dowding Park and Hillingdon Golf Course along with some houses. Local leisure and retail amenities can be found along Uxbridge High Street, which includes several local and national retailers. The Chimes Shopping Centre is located on Uxbridge High Street and comprises over 450,000 sq ft of retail and leisure space, retail tenants include Decathlon, Boots, H&M, Next, JD Sports and River Island. The Pavilions Shopping Centre is also located in the Town centre and comprises over 360,000 sq ft of retail and leisure space, retail tenants include Tesco, M&S, Primark, Wilko and Iceland.

        Transport

        London Underground - Uxbridge (Metropolitan Line)

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

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        Please note that all prices listed, whether prior to or post auction, are subject to contract.

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        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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