Entirely let to Baleday Limited until 2025 (no breaks)
Prominent position in Harrow Town Centre at junction with A409
Fixed Rental Uplift in 2020 to £35,243
Nearby occupiers include New Look, Debenhams, Subway and Specsavers
Lot 3
Auction 22nd May 2014
Rent £30,847 per Annum Exclusive
Status Sold
Price £610,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Joint LPA Receivers
Property Information
Location
Miles
8 miles south-east of Watford, 15 miles north-east of Slough, 16 miles north-west of Central London
Roads
A409, A40 (Western Avenue), M1, M25, M40
Rail
Harrow-on-the-Hill Mainline Railway Station and Underground (Metropolitan Line)
Air
London Heathrow Airport
Situation
The property is prominently situated in the heart of Harrow Town Centre, an affluent North-West London suburb on the western side of Station Road at its junction with Sheepcote Road (A409) and in close proximity to the pedestrianised St Ann’s Road and St Ann’s Shopping Centre. Other nearby occupiers include New Look, Debenhams, Subway and Specsavers.
Tenure
Freehold.
Location
Miles
8 miles south-east of Watford, 15 miles north-east of Slough, 16 miles north-west of Central London
Roads
A409, A40 (Western Avenue), M1, M25, M40
Rail
Harrow-on-the-Hill Mainline Railway Station and Underground (Metropolitan Line)
Air
London Heathrow Airport
Situation
The property is prominently situated in the heart of Harrow Town Centre, an affluent North-West London suburb on the western side of Station Road at its junction with Sheepcote Road (A409) and in close proximity to the pedestrianised St Ann’s Road and St Ann’s Shopping Centre. Other nearby occupiers include New Look, Debenhams, Subway and Specsavers.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with a two bedroom flat on the first and second floors accessed from the rear.
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.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with a two bedroom flat on the first and second floors accessed from the rear.
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.
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
Ground First/Second
Retail Residential – 2 Bed Flat
70.16 sq m –
(755 sq ft) (–)
BALEDAY LIMITED (1) (2)
13 years 5 months from 01/07/2012 until 31/11/2025 on a full repairing and insuring lease
£30,847
01/12/2020 (3)
Total Commercial Floor Area
70.16 sq m
(755 sq ft)
£30,847 rising to £35,243 in 2020
(1) Baleday Limited is a wholly owned subsidiary of Praesepe Holdings Limited. Praesepe is the UK’s largest chain of adult gaming centres operating from a total of 170 adult gaming centres, bingo clubs and family entertainment centres in 100 towns and cities throughout Great Britain. (Source: www.cashinogaming.com 22/04/2014) (2)The tenant is not currently occupying the commercial unit. The residential flat has been sublet to an individual. (3)For the purposes of clarification, the current rent is £27,000 p.a.x. rising to £30,847 in December 2015 and £35,243 p.a.x. in December 2020. The Seller has agreed to adjust the completion monies so that the property effectively produces £30,847 p.a.x. from completion of the sale.
Contacts
Seller's Solicitors
Wedlake Bell Solicitors 52 Bedford Row London WC1R 4LR
