Freehold Shop, Office & Car Park Investment.
Comprising approx GIA of 306.5 sqm (3,299 sq ft) plus a large rear car park.
Rear car park extends to 0.27 acres (0.108 hectares)
Gross Rent: £70,000
Lease Term: 15 years from Jan 2020
Let to Enterprise Rent-A-Car UK Limited for 15 yrs from January 2020 at £70,000 p.a (rent review January 2025).
For the year ending 31st July 2020 Enterprise Rent-A-Car UK Limited reported a turnover of £1,006,605,000, pre-tax loss of £21,462,000, shareholders funds of £206,847,000 and a total net worth of £106,532,000 (Source: Experian 05.05.2021).
Enterprise Rent-A-Car were founded in 1957. They are part of St. Louis-based Enterprise Holdings, which also owns and operates the National Car Rental and Alamo Rent a Car brands. Enterprise Holdings, through its network or regional subsidiaries, employs more than 100,000 people, operates more than 10,000 branches worldwide, is available in 90+countries, and has a fleet of 2 million vehicles (Source: www.enterprise.co.uk).
There may be potential to convert the first floor offices to residential use and the rear car park may have potential for light industrial development, subject to the existing lease and obtaining all the necessary consents. All enquiries should be made with the London Borough of Hillingdon. Website: www.hillingdon.gov.uk
Six weeks completion is available.
Hillingdon is located between Uxbridge and Hayes within the London Borough of Hillingdon, the second largest London borough by area, some 13 miles west of Central London.
The area benefits from good road communications being on the A4020 which connects the M40 (junction 1) with the A312 and in turn the M4 (junction 3).
The property is situated on the west side of Uxbridge Road (A4020), adjacent to a Co Op petrol station/Convenience Store, and close to its junction with Lees Road.
Hillingdon Hospital is approx 0.7 miles to the south west of the property. Other occupiers close by include a Dominos, Costa Coffee, Tops Tiles and KFC amongst many others.