313 Station Road Harrow Greater London HA1 2TA

313 Station Road
Harrow
Greater London
HA1 2TA

Freehold Retail and Residential Investment

Tenants include Albemarle & Bond Jewellers & Pawnbrokers Ltd and Timpson Ltd
Prime pedestrianised town centre location
Includes two self-contained residential flats
Nearby occupiers include Burton Menswear, Tesco Express, Costa Coffee and Nando’s Restaurant
Six Week Completion Period Available

Lot
12
Auction
21st March 2013
Rent
£92,900 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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Freehold Retail and Residential Investment

Tenants include Albemarle & Bond Jewellers & Pawnbrokers Ltd and Timpson Ltd
Prime pedestrianised town centre location
Includes two self-contained residential flats
Nearby occupiers include Burton Menswear, Tesco Express, Costa Coffee and Nando’s Restaurant
Six Week Completion Period Available

Lot 12
Auction 21st March 2013
Rent £92,900 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: 8 miles south-east of Watford,15 miles north-east of Slough,16 miles north west of Central London
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 home to the historic Harrow Public School. The property is prominently situated in the heart of the town centre on the prime pedestrianised retail thoroughfare at the junction of St Anns Road and Station Road. Nearby occupiers include Burton Menswear, Tesco Express, Costa Coffee and Nando’s Restaurant.

Tenure

Freehold.

Location

Miles: 8 miles south-east of Watford,15 miles north-east of Slough,16 miles north west of Central London
Roads: A40 (Western Avenue), M1, M25, M40
Rail: Harrow-on-the-Hill Mainline Railway Station and Underground (Metropolitan Line)
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor and ancillary accommodation in the basement. A two room self-contained residential flat on the first floor and a five room self-contained maisonette on the second/third floors. The property benefits from separate access to the rear for the residential accommodation.

VAT

VAT is applicable to this lot.

EPC

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

Description

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/(Reversion)
Basement Ground	Ancillary Retail	44.05 sq m 71.34 sq m	(4,745 sq ft) (768 sq ft)	ALBEMARLE & BOND JEWELLERS & PAWNBROKERS LIMITED (1)	10 years from 25/07/2011 on a full repairing and insuring lease	£45,000	25/07/2016 (24/07/2021)
Ground	Retail	22.80 sq m	(245 sq ft)	TIMPSON LIMITED (2)	42 years from June 1970 on a full repairing and insuring lease (3)	£24,500	(06/2012)
First	Residential – 2 Room Flat	Not measured		INDIVIDUAL	1 year from 01/07/2012 until 30/06/2013 on an Assured Shorthold Tenancy (4)	£9,000
Second/Third	Residential – 5 Room Flat	Not measured		INDIVIDUAL	1 year from 25/06/2012 until 24/06/2013 on an Assured Shorthold Tenancy (4)	£14,400
Total Commercial Floor Area		138.19 sq m	(1,487 sq ft)			£92,900

(1) For the year ending 30/06/2012, Albemarle & Bond Jewellers & Pawnbrokers Limited reported a turnover of £72,535,000, pre-tax profits of £14,655,000 and a
total net worth of £24,205,000. (Source: www.riskdisk.com 20/02/2013)
(2) The current tenant is Sandymere Limited formerly Timpson Limited (Company No. 00323208) and a subsidiary of Timpson Group plc. For the year ending
1st October 2011, Sandymere Limited reported a net worth of £36,395,000 (Source: www.riskdisk.com 27/02/2013). The rent is currently being paid by Timpson Limited. For the year ending 1st October 2011, Timpson Limited reported a turnover of £101,721,000, pre-tax profits of £8,183,000 and a total net worth of £44,355,000. (Source: www.riskdisk.com 20/02/2013)
(3) As to the lease to Timpson Limited, the tenant is currently holding over.
(4) The tenancy Agreements provide for a mutual option to determine on 2 months notice.