Bidder | Time | Amount |
---|---|---|
35960 | 12/03/2020 14:11:00 | £2,550,000 |
34233 | 12/03/2020 14:10:22 | £2,500,000 |
35960 | 12/03/2020 14:09:44 | £2,401,000 |
34233 | 12/03/2020 14:09:01 | £2,326,000 |
35960 | 12/03/2020 14:08:28 | £2,325,000 |
34233 | 12/03/2020 14:08:12 | £2,300,000 |
35960 | 12/03/2020 14:07:51 | £2,205,000 |
34233 | 12/03/2020 14:07:23 | £2,202,000 |
35960 | 12/03/2020 14:06:47 | £2,101,000 |
34233 | 12/03/2020 14:06:08 | £2,050,000 |
35960 | 12/03/2020 14:05:45 | £1,999,000 |
34233 | 12/03/2020 14:04:59 | £1,951,000 |
35960 | 12/03/2020 14:04:40 | £1,900,000 |
35950 | 12/03/2020 14:04:35 | £1,802,000 |
34233 | 12/03/2020 14:03:59 | £1,801,000 |
35950 | 12/03/2020 14:03:38 | £1,705,000 |
34233 | 12/03/2020 14:03:22 | £1,701,000 |
35960 | 12/03/2020 14:03:12 | £1,675,000 |
35950 | 12/03/2020 14:03:07 | £1,655,000 |
34233 | 12/03/2020 14:03:01 | £1,651,000 |
35960 | 12/03/2020 14:02:46 | £1,650,000 |
34233 | 12/03/2020 14:02:30 | £1,602,000 |
35960 | 12/03/2020 14:02:30 | £1,601,000 |
34233 | 12/03/2020 14:02:26 | £1,600,000 |
35960 | 12/03/2020 14:02:26 | £1,599,000 |
Long leasehold for a term of 99 years from 4 April 2001 (thus having approximately 81 years unexpired) at a peppercorn rent. The freeholder is London Borough of Ealing.
Southall, with a resident population of 381,000 (2017 census), is a suburban district of West London. Located on the Uxbridge Road (A4020), the area is situated 11 miles west of central London, 6 miles south west of Wembley and 6 miles north of Twickenham. The M4 motorway (Junctions 2, 3 and 4) is close by, whilst the M25 motorway (Junction 15) and Heathrow International Airport are also easily accessible. West Middlesex Golf Club is situated either side of Greenford Road, which runs northwards from Uxbridge Road (A4020) to the A40. Well served by numerous local bus routes, the property is close to mainline train services at Hanwell, Southall and Greenford stations as well as underground tube services at Greenford (Central Line). The golf club was established in 1891 and is one of the closest clubs to central London.
West Middlesex Golf Club is set in a site of approximately 50.84 hectares (125.63 acres) and comprises an 18 hole, 6,127 yard, par 69 golf course. The property includes a clubhouse with attached staff accommodation, green keeper’s complex, storage building and a pair of semi-detached houses. A small parcel of land with banqueting hall to the south of the site is currently occupied by a third party (refer to legal pack).
Two storey clubhouse with golf professional’s shop, changing facilities and store rooms on the ground floor and office, bar and function space on the first floor
• Two storey residential accommodation attached to the clubhouse currently occupied by the bar steward
• Separate single storey brick-built structure previously used as a golf professional’s shop but now used for storage
• A pair of semi-detached houses currently let on assured shorthold tenancies
• Green keeper’s complex including steel portal framed storage shed, storage container and staff room with an additional container
• To the south of the container there is an area of land and banqueting hall currently occupied by a third party
We understand the banqueting hall has been let on a licence to an operator since 2014. The current rent is believed to be in the region of £20,000 - £30,000 per annum. The pair of semi-detached houses are separately let on assured shorthold tenancies (ASTs). Prospective purchasers are advised to refer to the legal documents.
London Borough of Ealing (020 8825 6600) www.ealing.gov.uk
The Existing Business
Trading History
West Middlesex Golf Club was established in 1891 and is operated as a private members’ golf club under the company name of The West Middlesex Club Limited. which was placed into Administration in December 2019. The Company currently employs twelve full time staff and unaudited financial statements for the year ending 31 December 2018 can be summarised as follows:
Turnover | 2018 (£) |
Subscriptions | 293,330 |
Green fees | 8,680 |
Competition fees | 3,484 |
Social events | (2,660) |
Rent receivable | 25,200 |
Bar sales | 86,126 |
Hall hire | (105) |
Total | 414,055 |
Cost of sales | (78,715) |
Gross profit | 335,340 |
Other operating income | 13,108 |
Overheads | 2018 (£) |
Selling & distribution expenses | 235,723 |
Administration expenses | 72,851 |
Establishment expenses | 53,348 |
Operating (loss)/profit | (13,474) |
Interest payable | 31,302 |
(Loss)/Profit for the year | (44,776) |
*Further information is available by contacting BidX1
Golf Membership
There are currently in the order of 347 members across all membership tiers ranging from full and life members to social and honorary members (a full breakdown of the current membership can be found within the legal pack). Typical membership fees for the current season are as follows:
Category | Cost (£) |
Full | 1,440 |
5 Day | 990 |
Junior (age dependent) | 50 – 950 |
Colt (30-35 years) | 999 |
Green Fees
Green fees are currently £15 - £24 on weekdays and £30 - £40 at weekends. There are some special offers currently available and the green fee for Under 18s accompanied by an adult is currently £10. A full breakdown can be found at www.westmiddlesexgolfclub.co.uk.
Grounds Maintenance Equipment
There are a number of items of golf course maintenance equipment that are mainly held on finance agreements. Further information is available by contacting BidX1..
Please refer to the legal pack
Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.
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