316a Station Road
Harrow
Middlesex
HA1 2DX

Reversionary Freehold Retail and Residential Investment

  • Shop let on short term lease at low rent
  • Shop let with mutual rolling break option from May 2018
  • Plus separately accessed two bedroom flat above let on AST
  • Opposite St Anns Road and close to St Anns Shopping Centre with occupiers including Marks & Spencer, Primark, Boots the Chemist, WHSmith and H&M
  • Other nearby occupiers include Tesco Express, Debenhams, Sports Direct, Superdrug and Nando’s
  • Of interest to owner occupiers and investors with asset management opportunities
  • Popular North West London retailing centre
  • Lot
    10
  • Auction
    28/Mar/2018
  • Rent
    £27,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 316a Station Road<br>Harrow<br>Middlesex<br>HA1 2DX
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Property Information

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

The property is situated in a prominent location on the eastern side of Station Road, at its junction with the pedestrianised St Anns Road, Harrow’s prime retailing thoroughfare. St Anns Shopping Centre is about 100m to the west, with retailers including Marks & Spencer, Primark, Boots the Chemist, WHSmith and H&M. Other nearby occupiers include Tesco Express, Debenhams, Direct, Superdrug and Nando’s.

Tenure

Freehold.

Description

The property comprises a well configured ground floor shop, with a separately accessed two bedroom flat on the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Bidder'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 advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
GroundRetail/Ancillary
External store
217.86 sq m
18.58 sq m
(2,345 sq ft)
(200 sq ft)
FLASH RETAIL
LIMITED t/a One
Pound Shop
2 years from 16/11/2017
on a full repairing lease
(1)
£20,400
FirstResidential -
Two bedroom
flat with living
room, kitchen
and WC
-
(-)
AN INDIVIDUALAST for a term of 6
months from 01/05/2015
at £550 pcm
£6,600 (2)
Total Commercial Area
236.43 sq m
(2,545 sq ft)
  £27,000

(1) The lease provides a landlord and tenant option to determine at any time after 16th May 2018, subject to four weeks’ notice. A rent deposit of £5,100+VAT is held by the landlord. The lease is held outside the security of tenure provisions of the 1954 Landlord & Tenant Act.
(2) Annual Equivalent Rent

Property Documents

  • Site Plan
    Updated Date
    06.03.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    06.03.18
    File Size
    736 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Bircham Dyson Bell LLP 50 Broadway, Westminster
London
SW1H 0BL
Michael Parker 0207 783 3615michaelparker@bdb-law.co.uk

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