Reversionary Freehold Retail and Residential Investment
Shop let on short term lease at low rent
Shop let with mutual rolling break option from May 2018
Plus separately accessed two bedroom flat above let on AST
Opposite St Anns Road and close to St Anns Shopping Centre with occupiers including Marks & Spencer, Primark, Boots the Chemist, WHSmith and H&M
Other nearby occupiers include Tesco Express, Debenhams, Sports Direct, Superdrug and Nando’s
Of interest to owner occupiers and investors with asset management opportunities
Popular North West London retailing centre
Lot 10
Auction 28th March 2018
Rent £27,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
8 miles south-east of Watford, 16 miles north-west of Central London
Roads
A40 (Western Avenue), M1, M25, M40
Rail
Harrow-on-the-Hill Railway Station and Underground (Metropolitan Line)
Air
London Heathrow Airport
Situation
The property is situated in a prominent location on the eastern side of Station Road, at its junction with the pedestrianised St Anns Road, Harrow’s prime retailing thoroughfare. St Anns Shopping Centre is about 100m to the west, with retailers including Marks & Spencer, Primark, Boots the Chemist, WHSmith and H&M. Other nearby occupiers include Tesco Express, Debenhams, Direct, Superdrug and Nando’s.
Tenure
Freehold.
Location
Miles
8 miles south-east of Watford, 16 miles north-west of Central London
Roads
A40 (Western Avenue), M1, M25, M40
Rail
Harrow-on-the-Hill Railway Station and Underground (Metropolitan Line)
Air
London Heathrow Airport
Situation
The property is situated in a prominent location on the eastern side of Station Road, at its junction with the pedestrianised St Anns Road, Harrow’s prime retailing thoroughfare. St Anns Shopping Centre is about 100m to the west, with retailers including Marks & Spencer, Primark, Boots the Chemist, WHSmith and H&M. Other nearby occupiers include Tesco Express, Debenhams, Direct, Superdrug and Nando’s.
Tenure
Freehold.
Description
The property comprises a well configured ground floor shop, with a separately accessed two bedroom flat on the first floor.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a well configured ground floor shop, with a separately accessed two bedroom flat on the first floor.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
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
Ground
Retail/Ancillary External store
217.86 sq m 18.58 sq m
(2,345 sq ft) (200 sq ft)
FLASH RETAIL LIMITED t/a One Pound Shop
2 years from 16/11/2017 on a full repairing lease (1)
£20,400
First
Residential - Two bedroom flat with living room, kitchen and WC
-
(-)
AN INDIVIDUAL
AST for a term of 6 months from 01/05/2015 at £550 pcm
£6,600 (2)
Total Commercial Area
236.43 sq m
(2,545 sq ft)
£27,000
(1) The lease provides a landlord and tenant option to determine at any time after 16th May 2018, subject to four weeks’ notice. A rent deposit of £5,100+VAT is held by the landlord. The lease is held outside the security of tenure provisions of the 1954 Landlord & Tenant Act. (2) Annual Equivalent Rent
