The Moon on the Hill, 373 to 375 Station Road Harrow London HA1 2AW

The Moon on the Hill, 373 to 375 Station Road
Harrow
London
HA1 2AW

Town Centre Public House Investment

Let to J D Wetherspoon plc until 2036 (subject to option)
Tenant in Occupation Since 1991
Town Centre Location in Affluent North-West London Suburb
150m from Harrow-on-the-Hill Railway Station and 250m from St Ann's Shopping Centre with Occupiers such as Marks and Spencer, H.Samuel, Boots, Caffe Nero, Moss Bros and The Works
Nearby Occupiers include McDonald's, Domino's, Savers and an Eclectic Mix of Local Retailers

Lot
29
Auction
25th September 2024
Rent
£86,250 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Town Centre Public House Investment

Let to J D Wetherspoon plc until 2036 (subject to option)
Tenant in Occupation Since 1991
Town Centre Location in Affluent North-West London Suburb
150m from Harrow-on-the-Hill Railway Station and 250m from St Ann's Shopping Centre with Occupiers such as Marks and Spencer, H.Samuel, Boots, Caffe Nero, Moss Bros and The Works
Nearby Occupiers include McDonald's, Domino's, Savers and an Eclectic Mix of Local Retailers

Lot 29
Auction 25th September 2024
Rent £86,250 per Annum Exclusive
Status Sold Prior
Price
Sector
Public House
Auction Venue
Live Streamed Auction

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), M11, 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 and is well known for the prestigious Harrow School. The property is situated in the heart of the town centre on the west side of the busy part pedestrianised Station Road within the established leisure pitch. St Ann's Shopping Centre is 250m away with occupiers such as Marks and Spencer, H.Samuel, Boots, Caffe Nero, Moss Bros and The Works. Other nearby occupiers include McDonald's, Domino's, Savers and an eclectic mix of local retailers.

Tenure

Virtual 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), M11, M25, M40
Rail: Harrow-on-the-Hill Mainline Railway Station and Underground (Metropolitan Line)
Air: London Heathrow Airport, Luton Airport

Situation

Tenure

Virtual Freehold.

Description

The property comprises public house accommodation on the ground floor with ancillary accommodation in the basement and forms part of a larger building.

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 public house accommodation on the ground floor with ancillary accommodation in the basement and forms part of a larger building.

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 sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review (Reversion)
Basement Ground	Ancillary Public House	33.50 190.50	(361) (2,051)	J D WETHERSPOON PLC (1)	20 years from 15/02/2016 until 2036 (2)	£86,250	15/02/2026 (14/02/2036)
Total Approximate Commercial Floor Area		224.00	(2,412)			£86,250

(1) For the year ending 30/07/2023, TSB Bank PLC (CRN:SC095237) reported a turnover of £1,925,044,000, a pre-tax profit of £90,511,000 and a net worth of £392,953,000 (source: Northrow 14/08/2024). The tenant has been in occupation since 1991.
(2) The tenant occupies the property by virtue of a 25 year lease from 15th February 1991 until 14th February 2016 and a reversionary lease from 15th February 2016 until 14th February 2031. The reversionary lease is subject to a tenant option to determine the lease on 15th February 2026.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.