72 / 74 St. Ann's Road Harrow Greater London HA1 1JX

  • 72 / 74 St. Ann's Road<br>Harrow<br>Greater London<br>HA1 1JX

72 / 74 St. Ann's Road
Harrow
Greater London
HA1 1JX

Freehold Retail Investment

  • Let to JD Sports Fashion plc until 2024 (no breaks)
  • Prime pedestrianised retail location directly opposite the major St Ann’s Shopping Centre and 50 metres from the St Georges Shopping Centre
  • Affluent North-West London suburb
  • Nearby occupiers include Costa Coffee, Next, Waterstones, Marks & Spencer, Holland & Barrett and The Body Shop
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    19
  • Auction
    21st May 2015
  • Rent
    £105,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,620,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers Savills
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Freehold Retail Investment

  • Let to JD Sports Fashion plc until 2024 (no breaks)
  • Prime pedestrianised retail location directly opposite the major St Ann’s Shopping Centre and 50 metres from the St Georges Shopping Centre
  • Affluent North-West London suburb
  • Nearby occupiers include Costa Coffee, Next, Waterstones, Marks & Spencer, Holland & Barrett and The Body Shop
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 19
  • Auction 21st May 2015
  • Rent £105,000 per Annum Exclusive
  • Status Sold
  • Price £1,620,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers Savills

Property Information

Location
Miles
11 miles north-west of Central London, 6 miles south-east of Watford, 7½ 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
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 north side of the prime pedestrianised St Ann’s Road, 50 metres from St George’s Shopping Centre and opposite the entrance to the major 44 unit St Ann’s Shopping Centre. Nearby occupiers include Costa Coffee, Next, Waterstones, Marks & Spencer, Holland & Barrett and The Body Shop.

Tenure

Freehold.

Location
Miles
11 miles north-west of Central London, 6 miles south-east of Watford, 7½ 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
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 north side of the prime pedestrianised St Ann’s Road, 50 metres from St George’s Shopping Centre and opposite the entrance to the major 44 unit St Ann’s Shopping Centre. Nearby occupiers include Costa Coffee, Next, Waterstones, Marks & Spencer, Holland & Barrett and The Body Shop.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary
accommodation on the first and second floors. The property benefits from rear access via Greenhill Way. The tenant also occupies the adjoining property which does not form part of the sale and has created internal access between the two properties. There is no access between the ground and first floors within the property.

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.

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 applicable to this lot.

EPC

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

Description

The property comprises ground floor retail accommodation with ancillary
accommodation on the first and second floors. The property benefits from rear access via Greenhill Way. The tenant also occupies the adjoining property which does not form part of the sale and has created internal access between the two properties. There is no access between the ground and first floors within the property.

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.

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 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
Ancillary
Ancillary
182.75 sq m
105.17 sq m
37.72 sq m
(1,967 sq ft)
(1,132 sq ft)
(406 sq ft)
 JD SPORTS FASHION PLC (1) 10 years from 04/02/2014 until 2024 £105,000 04/02/2019 (2)
Totals  
325.64 sq m
(3,505 sq ft)
     £105,000

(1) JD Sports Fashion plc, incorporated in 1985, has long been established as the leading UK specialist multiple retailer of fashionable branded and own brand sports and casual wear. The JD Group now has well over 800 stores covering both sports and branded fashion (Source www.jdplc.com 02/04/2015). For the year ending 1st February 2014, JD Sports Fashion plc reported a turnover of £1,330,578,000, pre-tax profits of £57,850,000 and a total net worth of £155,436,000. (Source: www.riskdisk.com 02/04/2015)
(2)The lease is subject to an upward only rent review on 4th February 2019 with any uplift capped to a maximum of £121,723.78 per annum exclusive.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Squire Patton Boggs (UK) LLP 7 Devonshire Square
London
EC2M 4YH
Andrew Chapman 0207 655 1597andrew.chapman@squirepb.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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