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Freehold Office Investment For Sale (Alternative D1 Use Potential) The Runway, South Ruislip HA4

Howard House,  The Runway, South Ruislip, 
MIDDLESEX HA4 6SE


Available to buy freehold

Guide Price  £625,000 subject to contract

Net internal area: 703.70 sq.m. (7574 sq.ft.)


Gilbox

20792



Ownership: Freehold
Price: Guide Price  £625,000 subject to contract
Location:

The property is situated on the west side of The Runway at its southern end close to the junction with Station Approach. There are excellent transport communications, the property being within 100 metres of South Ruislip Main Line and London Underground Station providing fast service to Central London via the Central Line and Marylebone Train Station in under 30 minutes.  There are a number of bus routes serving Station Approach.

Road connections are good with West End Road (A4180) directly to the west of the property leading to Western Avenue (A40) which links Central London in the east and the M40 to the west, as well as connecting with the M25 London Orbital Motorway.

There are a number of local shops in proximity and Sainsbury's Supermarket is within a two minute walk.

RAF Northolt Aerodrome lies a short distance to the west. There are recreational grounds nearby as well as Northolt Golf & Country Club to the south. There are a number of primary and secondary schools closeby.

Description:

The subject property comprises a prominent 1950's two storey concrete frame office building fronting The Runway.

The offices have suspended ceilings, Category 2 lighting and are carpeted throughout.

There are currently two tenants in occupation. The entire ground floor is let to Saniflo Ltd at £48,900 per annum exclusive (55% service charge contribution) on a lease expiring on 25th February 2013. The main first floor front office is let to The Office Works Nationwide Ltd at £4,000 per annum exclusive (11.25% service charge contribution) on a lease expiring 5th August 2013. The remainder of the first floor comprising 2,643 sq.ft. is vacant.

The building has the benefit of ten car parking spaces, five spaces are demised to the ground floor tenant, one space is demised to the first floor front office tenant and three are available for the vacant first floor space.  There is one visitors parking space.

  • Well located - near to South Ruislip Railway and London Underground Station
  • Alternative use potential (subject to planning consent)
  • Ideally suited to D1 Use including religious & community use and education
  • Category 2 lighting
  • Gas central heating
  • 10 car parking spaces
  • Current Income £52,900 per annum exclusive
Accommodation: Net internal area: 703.70 sq.m. (7574 sq.ft.)  comprising:
Ground Floor Offices383.70 sq.m.
4130 sq.ft.
Let to Saniflo Ltd - five car parking spaces
First Floor Front Office14.90 sq.m.
160 sq.ft.
Vacant
First Floor Front Office Suite74.40 sq.m.
800 sq.ft.
Let to The Office Works Nationwide Ltd - one car parking space
First Floor Rear Office Suite230.70 sq.m.
2483 sq.ft.
Vacant - 3 car parking spaces

Plus:
  • 10 Car Parking Spaces 
    Including one visitors space
Terms: Freehold Investment For Sale (65% Let) Current income of £52,900 per annum exclusive
Service charge: Apportioned and recovered from the tenants
Legal fees: Each party bears own legal fees
Local authority: London Borough of Hillingdon
2010 Rateable Value: £71,240    Estimated Rates Payable: £30,846 per annum
Viewings: By prior appointment with Gilmartin Ley 020 8882 0111 or AT Commercial 020 8422 4486 - Click here for Enquiries
Reference: 20792    Updated: 03 Feb 2012
Download more information:
  • Asbestos Report
  • Lease
  • Accommodation Plan

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