Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Joint LPA Receivers Savills
Property Information
Location
Miles
11 miles north-west of Central London, 6 miles south-east of Watford, 7½ 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
Situation
Harrow is an affluent north-west London suburb and is well known for the prestigious Harrow School. The property is situated in the heart of the town centre on the north side of the prime pedestrianised St Ann’s Road, 50 metres from St George’s Shopping Centre and opposite the entrance to the major 44 unit St Ann’s Shopping Centre. Nearby occupiers include Costa Coffee, Next, Waterstones, Marks & Spencer, Holland & Barrett and The Body Shop.
Tenure
Freehold.
Location
Miles
11 miles north-west of Central London, 6 miles south-east of Watford, 7½ 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
Situation
Harrow is an affluent north-west London suburb and is well known for the prestigious Harrow School. The property is situated in the heart of the town centre on the north side of the prime pedestrianised St Ann’s Road, 50 metres from St George’s Shopping Centre and opposite the entrance to the major 44 unit St Ann’s Shopping Centre. Nearby occupiers include Costa Coffee, Next, Waterstones, Marks & Spencer, Holland & Barrett and The Body Shop.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary
accommodation on the first and second floors. The property benefits from rear access via Greenhill Way. The tenant also occupies the adjoining property which does not form part of the sale and has created internal access between the two properties. There is no access between the ground and first floors within the property.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act
Receivers and therefore no warranties or guarantees in any respect, including
VAT, can be given. The information in these particulars has been provided by
the Joint Law of Property Act Receivers to the best of their knowledge but the
purchaser must rely solely upon their own enquiries. The Joint Law of Property
Act Receivers are not bound to accept the highest or any offer and are acting
in respect of this sale without personal liability.
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 applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with ancillary
accommodation on the first and second floors. The property benefits from rear access via Greenhill Way. The tenant also occupies the adjoining property which does not form part of the sale and has created internal access between the two properties. There is no access between the ground and first floors within the property.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act
Receivers and therefore no warranties or guarantees in any respect, including
VAT, can be given. The information in these particulars has been provided by
the Joint Law of Property Act Receivers to the best of their knowledge but the
purchaser must rely solely upon their own enquiries. The Joint Law of Property
Act Receivers are not bound to accept the highest or any offer and are acting
in respect of this sale without personal liability.
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 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
Ground First Second
Retail Ancillary Ancillary
182.75 sq m 105.17 sq m 37.72 sq m
(1,967 sq ft) (1,132 sq ft) (406 sq ft)
JD SPORTS FASHION PLC (1)
10 years from 04/02/2014 until 2024
£105,000
04/02/2019 (2)
Totals
325.64 sq m
(3,505 sq ft)
£105,000
(1) JD Sports Fashion plc, incorporated in 1985, has long been established as the leading UK specialist multiple retailer of fashionable branded and own brand sports and casual wear. The JD Group now has well over 800 stores covering both sports and branded fashion (Source www.jdplc.com 02/04/2015). For the year ending 1st February 2014, JD Sports Fashion plc reported a turnover of £1,330,578,000, pre-tax profits of £57,850,000 and a total net worth of £155,436,000. (Source: www.riskdisk.com 02/04/2015) (2)The lease is subject to an upward only rent review on 4th February 2019 with any uplift capped to a maximum of £121,723.78 per annum exclusive.
