AUCTION - Barnett Ross

Photographs taken September 2009
LOT
7
© CROWN COPYRIGHT. All rights reserved.
LICENCE NUMBER 100040809 – Plan not to scale
2b Colville Road
South Acton Trading Estate
Bollo Road, Acton, London W3 8DH
REVERSIONARY GROUND
RENT INVESTMENT
6 WEEK COMPLETION
Reserve Below
£400,000
Internal View
SITUATION
Occupying a prominent position in this well-established
estate, housing the Royal Mail Acton Delivery Office,
only a short distance from Chiswick Park Station (District
Line) and Acton Town Station (Piccadilly & District Line),
benefiting from excellent road links being 1 mile from the
M4 Motorway and approximately 6 miles from Central
London.
PROPERTY
Comprising a brick built Factory/Warehouse (eaves
height approx 19') with First Floor Offices to the front.
In addition, the property benefits from roller shutter doors,
gas central heating, a Yard and Parking for up to 8 cars.
ACCOMMODATION
Site Depth Approx 100'
Site Width Approx 115'
Site Area
Approx 11,200 sq ft
Ground Floor
Factory/Warehouse & WCs GIA Approx 7,000 sq ft
First Floor
Offices/Boardroom & WCs GIA Approx 2,000 sq ft
Total GIA Approx 9,000 sq ft
£24,500 per annum
with Valuable
Reversion in approx
26 1 ⁄4 years
The Surveyors dealing with this property are
JOHN BARNETT and GREG CORIN
VAT is NOT payable in respect of this Lot
FREEHOLD
TENANCY
The entire property is let on a full repairing and insuring
lease to Fernedge Printers Ltd for a term of 60 years from
4th January 1976 at a current ground rent of £24,500 per
annum exclusive (Fixed in 2006).
Note1: Valuable reversion in 26 1 ⁄4 years
Note 2: There was a covenant from 2003 stating that
in the event that if, within 20 years, the Freeholder
wishes to develop or change the use to residential
then after that grant of residential planning
permission there will be a payment to the London
Borough of Ealing at a rate of 50% of any additional
value being the difference between the sum of
£285,000 and the value of the property at the time or
a proportionate part of it with the benefit of planning
permission.
Note 3: The lessee sublets to Brookprice Ltd as
printers at a rental of £72,932 pa exclusive.
VENDOR’S SOLICITORS
Solomon Taylor Shaw, 3 Coach House Yard, Hampstead High Street,
London NW3 1QD Tel: 020 7431 1912. Ref: B Shaw Esq.
FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE
The successful Buyer will be liable to pay the Auctioneers an administration
fee of £250 (including VAT) upon exchange of contracts
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