Withdrawn | Lot 66

181 Ealing Road, Wembley, Middlesex, HA0 4LW

Withdrawn

  • Restaurant
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Wed 31/07/2019

Auction Time

12.00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

A Well Positioned Restaurant Let on a 15 Year FRI Lease & Ground Rent Investment Producing £38,200 per annum.

The property comprises a freehold ground floor restaurant premises (A3 Use) measuring approximately approximately 1,532 square feet (142 square metres). The property has been recently refurbished with in excess of £100,000 being invested in the project already.

Tenure

Freehold

Location

The property is situated on Ealing Road in the West London area of Wembley. The property forms part of a shopping parade of other restaurants and retail outlets. Transport links are provided by Alperton Underground station (Piccadilly Line).

Accommodation

Ground Floor Restaurant and Lounge Area Kitchen Ladies and Gents WC's <0.5mm/> First Floor Self contained flat sold on lease for 125 years from 20th July 2007 ground rent of £100 per annum <0.5mm/> Second Floor Self contained flat sold on lease for 125 years from 17th December 2008 ground rent of £100 per annum

Exterior

The property benefits from a rear yard and vehicular access to Sunleigh Road

Tenancy

The property is let on a 15 year FRI lease commencing 1.2.19 at a rent of £38,000 pa trading as Shree Sai Vada Pav (an Indian street food restaurant/take-away with several branches in London and India - www.shreesaivadapav.com)

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.