Unit 1, 29-31 Frognal Avenue Harrow Middlesex HA1 2SG

Unit 1, 29-31 Frognal Avenue
Harrow
Middlesex
HA1 2SG

Freehold Light Industrial Investment

Entirely let to RIA Technologies Limited
Benefits from fixed rental increases
Situated in a popular North-West London location
On-site car parking for approximately 2 cars
Six Week Completion Period

Lot
18
Auction
18th October 2011
Rent
£15,500 per Annum Exclusive
Status
Sold
Price
£195,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On Behalf of Sarah Rayment & Shay Bannon of BDO LLP as Joint Administrative Receivers

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Freehold Light Industrial Investment

Entirely let to RIA Technologies Limited
Benefits from fixed rental increases
Situated in a popular North-West London location
On-site car parking for approximately 2 cars
Six Week Completion Period

Lot 18
Auction 18th October 2011
Rent £15,500 per Annum Exclusive
Status Sold
Price £195,000
Sector
Industrial, Warehouse
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On Behalf of Sarah Rayment & Shay Bannon of BDO LLP as Joint Administrative 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, A404, A406, M25
Rail: Harrow and Wealdstone Mainline and Underground Station (Bakerloo Line)
Air: London Heathrow

Situation

The property is situated in a predominantly residential area on the western side of Frognal Avenue, parallel to busy Station Road (A409) in central Harrow. The property is one of four units on-site which includes occupiers such as Peter Brown Plumbing & Heating Services.

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, A404, A406, M25
Rail: Harrow and Wealdstone Mainline and Underground Station (Bakerloo Line)
Air: London Heathrow

Situation

Tenure

Freehold.

Description

The property comprises a single light industrial unit currently used for storage and is accessed from Frognal Avenue.

Note: This property is being marketed for sale on behalf of Joint Administrative Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars has been provided by the Joint Administrative Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Administrative 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 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	Reviews
Ground	Storage	161.09 sq m	(1,734 sq ft)	RIA TECHNOLOGIES LIMITED (1)	3 years from 01/04/2011 on a full repairing lease	£15,500	Fixed Rental Increases in 2012 & 2013 (2)
Totals		161.09 sq m	(1,734 sq ft)			£15,500

(1) RIA Technologies Limited are electrical goods and appliances wholesalers.
(2) The tenant will pay £15,500 per annum until 31st March 2012 and then £16,000 per annum until 31st March 2013 and then £16,500 until 31st March 2014.