297 - 301 Station Road Harrow Greater London HA1 2TA

297 - 301 Station Road
Harrow
Greater London
HA1 2TA

Freehold Long Dated Retail Investment

Let to Superdrug Stores PLC (on assignment from Next PLC) until 2095
80 years Term Certain
Affluent North-West London suburb
Approximately 1,020 sq m (10,980 sq ft)
Nearby occupiers include Tesco, Debenhams, New Look, Lloyds Bank and Nando’s
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
14
Auction
21st May 2015
Rent
£110,000 per Annum Exclusive
Status
Sold
Price
£2,700,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Long Dated Retail Investment

Let to Superdrug Stores PLC (on assignment from Next PLC) until 2095
80 years Term Certain
Affluent North-West London suburb
Approximately 1,020 sq m (10,980 sq ft)
Nearby occupiers include Tesco, Debenhams, New Look, Lloyds Bank and Nando’s
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 14
Auction 21st May 2015
Rent £110,000 per Annum Exclusive
Status Sold
Price £2,700,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 11 miles north-west of Central London, 8 miles south-east of Watford, 9 miles north-east of Uxbridge
Roads: A40 (Western Avenue), M1, M25, M40
Rail: Harrow-on-the-Hill Mainline Railway Station and Underground (Metropolitan Line)
Air: London Heathrow Airport, Luton Airport

Situation

Harrow is an affluent North-West London suburb. The property is situated in the heart of the town centre in close proximity to the pedestrianised St Anns Road and St Anns Shopping Centre. Other nearby occupiers include Tesco, Debenhams, New Look, Lloyds Bank and Nando’s.

Tenure

Freehold.

Location

Miles: 11 miles north-west of Central London, 8 miles south-east of Watford, 9 miles north-east of Uxbridge
Roads: A40 (Western Avenue), M1, M25, M40
Rail: Harrow-on-the-Hill Mainline Railway Station and Underground (Metropolitan Line)
Air: London Heathrow Airport, Luton Airport

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor and ancillary
accommodation on the first and second floors. The property benefits from onsite parking to the rear.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
Ground First Second	Retail Ancillary Ancillary	524.30 sq m 323.00 sq m 172.80 sq m	(5,644 sq ft) (3,476 sq ft) (1,860 sq ft)	SUPERDRUG STORES PLC (1) On Assignment from Next PLC (2)	125 years from 15/05/1970 until 2095 on a full repairing and insuring lease	£110,000	01/01/2027 and 14 yearly (14/05/2095)
Totals		1,020.10 sq m	(10,980 sq ft)			£110,000

1) For the year ending 28/12/2012, Superdrug Stores PLC reported a turnover of £1,010,212,000, pre-tax profits of £28,982,000 and a total net worth of £122,235,000. (Source: www.riskdisk.com 25/03/2015)
(2)For the year ending 28/12/2012, Next PLC reported a turnover of £3,740,000,000, pre-tax profits of £695,200,000 and a total net worth of £241,900,000. (Source: www.riskdisk.com 25/03/2015)