LOT 9

13-14 Wilton Parade, High Street, Feltham, Middlesex, TW13 4BU

FREEHOLD COMMERCIAL/RESIDENTIAL INVESTMENT - DOUBLE SHOP LET TO SCRIVENS LTD & 3 FLATS (1 REGULATED & 2 LONG LEASES)

Result: Withdrawn Guide price: £725,000 - £750,000*

Auction Date

Thursday, 27th May 2021 12:00pm

An end of terrace double fronted property comprising a ground floor double shop with separate rear access (reached via street door) to 3 flats above. Occupying a prominent position in the town centre, opposite Feltham Green, adjacent to Nando's and close to a variety of other multiples including Coral, CeX and Nationwide. Feltham railway station is within ¼ mile. Feltham lies about 14 miles west of Central London.

Accommodation

Ground Floor Double Shop: 1,734 sq ft (161 sq m)
14a (First & Second Floor Maisonette):
2 bedrooms, living room, kitchen, bathroom/toilet
13a & 13b: Not inspected

Tenancy Details

Ground Floor Double Shop: Let on a repairing and insuring lease to Scrivens Ltd for 5 years from 25.03.2018 at £46,000 p.a.
14a (First & Second Floor Maisonette):
Subject to a Regulated Tenancy to an individual at a registered rent of £165 per week (effective 11.01.2021).
13a & 13b: Each sold on a 125 year lease from 25.12.1995 at a peppercorn.
Tenant Profile: Scrivens have over 180 branches. For the year ended 27.10.2019 reported turnover of £45.7m, pre-tax profit of £3.64m and net assets of £3.57m.

EQUIVALENT TO £54,580 p.a.

EPC Rating

Double Shop: E
Flat 14a: F

Note

Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408
robert.woolfe@strettons.co.uk

Status

Withdrawn

Addendum

For the sake of clarity, the street door referred to in the description is reached from the adjoining building to the left of the property being offered.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.