297 - 301 Station Road Harrow Greater London HA1 2TA

297 - 301 Station Road
Harrow
Greater London
HA1 2TA

Freehold Long Dated Retail Investment

  • Let to Superdrug Stores PLC (on assignment from Next PLC) until 2095
  • 80 years Term Certain
  • Affluent North-West London suburb
  • Approximately 1,020 sq m (10,980 sq ft)
  • Nearby occupiers include Tesco, Debenhams, New Look, Lloyds Bank and Nando’s
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    14
  • Auction
    21st May 2015
  • Rent
    £110,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £2,700,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Long Dated Retail Investment

  • Let to Superdrug Stores PLC (on assignment from Next PLC) until 2095
  • 80 years Term Certain
  • Affluent North-West London suburb
  • Approximately 1,020 sq m (10,980 sq ft)
  • Nearby occupiers include Tesco, Debenhams, New Look, Lloyds Bank and Nando’s
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 14
  • Auction 21st May 2015
  • Rent
  • Status Sold
  • Price £2,700,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

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), M1, 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. The property is situated in the heart of the town centre in close proximity to the pedestrianised St Anns Road and St Anns Shopping Centre. Other nearby occupiers include Tesco, Debenhams, New Look, Lloyds Bank and Nando’s.

Tenure

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), M1, 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. The property is situated in the heart of the town centre in close proximity to the pedestrianised St Anns Road and St Anns Shopping Centre. Other nearby occupiers include Tesco, Debenhams, New Look, Lloyds Bank and Nando’s.

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor and ancillary
accommodation on the first and second floors. The property benefits from onsite parking to the rear.

Six Week Completion

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 not applicable to this lot.

EPC

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

Description

The property comprises retail accommodation on the ground floor and ancillary
accommodation on the first and second floors. The property benefits from onsite parking to the rear.

Six Week Completion

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 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/(Reversion)
Ground
First
Second
Retail
Ancillary
Ancillary
524.30 sq m
323.00 sq m
172.80 sq m
(5,644 sq ft)
(3,476 sq ft)
(1,860 sq ft)
SUPERDRUG STORES PLC (1) On Assignment from Next PLC (2) 125 years from 15/05/1970 until 2095 on a full repairing and insuring lease £110,000 01/01/2027 and 14 yearly
(14/05/2095)
Totals  
1,020.10 sq m
(10,980 sq ft)
    £110,000

1) For the year ending 28/12/2012, Superdrug Stores PLC reported a turnover of £1,010,212,000, pre-tax profits of £28,982,000 and a total net worth of £122,235,000. (Source: www.riskdisk.com 25/03/2015)
(2)For the year ending 28/12/2012, Next PLC reported a turnover of £3,740,000,000, pre-tax profits of £695,200,000 and a total net worth of £241,900,000. (Source: www.riskdisk.com 25/03/2015)

Property Documents

  • Site Plan
    Updated Date
    28.04.15
    File Size
    117 KB
    View PDF
  • Catalogue Page
    Updated Date
    28.04.15
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
Wallace LLP 1 Portland Place
London
W1B 1PN
+44 (0)20 7636 3736
Jackie Boot +44 (0)20 7467 8722jackie.boot@wallace.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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