Tesco Express & 2 Restaurants, Ickenham, Greater London

 

91-97 High Road, Ickenham, Hillington, Middlesex, UB10 8LB

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Supermarket
  • Tenure: Freehold
  • Gross Rent: £89,365
  • Lease Term: 15 years from Mar '08
  • VAT applicable?: N

Property Description

  • Freehold Blue-Chip Supermarket & Restaurant Investment.
  • Comprising a Ground Floor Double retail unit & 2 Ground Floor Single shops, configured as: Tesco – 3,470 sqft, a Chinese Takeaway and Fish Bar.
  • Separate rear access to residential accommodation sold off on long lease.
  • The property benefits from use of front parking and a rear service road for unloading.

Location Description

  • Ickenham is located in the London Borough of Hillingdon, 2 miles east of Uxbridge town centre and 14 miles west of Central London.
  • Ickenham lies adjacent to the A40 Western Avenue which gives access to the M40, M25, Central London and Heathrow Airport.
  • The property benefits from excellent transport links being on a direct route to the A40 Western Avenue and the surrounding motorway network and                only 400 yards from West Ruislip Station (Central Line & Mainline).
  • Occupying in a prominent position in this fully let attractive parade amongst a variety of traders including Domino's.
  • The property is located directly opposite a major new residential development comprising 415 new homes plus Heritage Place 80 bed retirement complex.

Additional Notes

  • Unit 91-93, Double unit let to Tesco Stores Ltd for 15 yrs from March 2008 at £46,864 p.a (rent review March 2018, est. at £52,000).
  • Unit 95, let to X. Zheng & X. Yu (Chinese takeaway) for 20 yrs from Dec 2009 at £22,000 p.a (rent review 2019 & 2024, £10,000 Rent Deposit held).
  • Unit 97, let to Ickenham Fish Bar Ltd (with 2 guarantors) for 20 yrs from Oct 2012 at £20,500 p.a (rising to £22,000 in Oct 2020, rent review 2022 & 2027, £4,375 Rent Deposit held).
  • Residential accommodation, 8 Flats sold off on Virtual Freehold Ground Rent at £1 p.a

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