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Units 5 & 6, High Point Village, Station Approach, Hayes, UB3 4FF

Auction
United Kingdom
Restaurant
Commercial

*GUIDE PRICE £200,000

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Phone
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Email
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Property Summary

  • Reversionary virtual freehold restaurant investment
  • Let until 2030 
  • Triple fronted, corner unit
  • Part of a new, substantial residential development
  • Adjacent to the recently re-developed Hayes & Harlington Crossrail Station
  • Low passing rent
  • Producing £15,000 per annum (1)

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.

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Property description

A ground floor unit forming part of a larger, modern mixed use development totalling approximately 125.88 sq m (1,355 sq ft) that is currently trading as a restaurant. The unit commands a prominent corner position with triple frontages in a pedestrianised courtyard and is well located to cater for the significant footfall generated by the immediate residential community

Location

Hayes is a town in west London lying about 13 miles west of central London and 6 miles east of Slough. It lies just to the north of the M4 motorway (junction 3) and south of the A40, both of which can be accessed via the A312 (The Parkway/Church Road). Numerous bus services serve the area and the newly refurbished Hayes and Harlington railway station provides regular connections to London Paddington and Reading as well as direct services to London Heathrow Airport (3 miles away by road). The station is also a stop on the new Crossrail link (Elizabeth Line) due to open in 2022.

The property forms part of the newly developed High Point Village adjacent to Hayes and Harlington station fronting Station Road in the heart of the densely populated Hayes town centre. The property commands a prominent corner position with nearby occupiers including Tesco Express and Barclays Bank as well as numerouos independent retailers.

Planning

London Borough of Hillingdon (01895 250230) - www.hillingdon.gov.uk

Tenure

Leasehold for a term of 999 years from completion at a fixed ground rent of £100 per annum.

Additional Detail

AddressUseAccommodationTenantTermRent (£ pa)
Unit 5 & 6Restaurant125.88 sq m (1,355 sq ft)The Village (Hayes) Café10 years from 11/02/2020 (1)£15,000 (1) (2)

(1) The rent reflects £11.24 per sq ft, which is considered to be reversionary when compared to nearby units. A rent deposit of £9,000 is held.

(2) Rent review on 11/02/2025 and five yearly thereafter

The auctioneers have not measured the property. All floor areas have been provided by the vendor

VAT

VAT is applicable to this sale, please refer to the legal documents for further details.

Energy Performance Indicator

Please refer to Legal Documents


*Terms & Conditions

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.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £1,500 (inclusive of VAT)for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All lots sold “Subject to Vendor Confirmation” will be subject to the acceptance and confirmation by the Vendor. The highest bid will be presented to Vendor, the vendor will have to either accept, decline or make a counter offer the highest bid within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising the offer the Vendor is willing to accept. The Highest Bidder will have to either accept or reject the Vendor’s counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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