Part let to St Luke's Hospice (Harrow & Brent) Charity Shops Ltd until 2024 (No Breaks)
Includes 3 self-contained residential flats
First time on the market for 25 years
Busy pedestrianised town centre location
Neighbouring occupiers include NatWest, Caffè Nero, HSBC, Boots, Tesco Express, O2 and Moss Bros
Lot 10
Auction 11th December 2019
Rent £84,200 per Annum Exclusive
Status Sold
Price £1,115,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
16 miles north-west of Central London
8 miles south-east of Watford
3 miles north of Wembley
Roads
A40 (Western Avenue), M1, M25, M40
Rail
Harrow-on-the-Hill Mainline Railway Station and Underground (Metropolitan Line)
Air
London Heathrow Airport
London Luton Airport
Situation
The property is situated in a prominent location on the northern side of the pedestrianised St Anns Road, Harrow's prime retailing thoroughfare, close to St Anns Shopping Centre. Neighbouring occupiers include NatWest, Caffè Nero, HSBC, Boots, Tesco Express, O2 and Moss Bros.
Tenure
Freehold.
Location
Miles
16 miles north-west of Central London
8 miles south-east of Watford
3 miles north of Wembley
Roads
A40 (Western Avenue), M1, M25, M40
Rail
Harrow-on-the-Hill Mainline Railway Station and Underground (Metropolitan Line)
Air
London Heathrow Airport
London Luton Airport
Situation
The property is situated in a prominent location on the northern side of the pedestrianised St Anns Road, Harrow's prime retailing thoroughfare, close to St Anns Shopping Centre. Neighbouring occupiers include NatWest, Caffè Nero, HSBC, Boots, Tesco Express, O2 and Moss Bros.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with basement storage accommodation accessed via a hatch and three self-contained residential flats on the first, second and third floors. The flats are accessed separately from the rear of the property via Greenhill Way.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Description
The property comprises ground floor retail accommodation with basement storage accommodation accessed via a hatch and three self-contained residential flats on the first, second and third floors. The flats are accessed separately from the rear of the property via Greenhill Way.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground Basement (1)
Retail Storage
104.42 sq m 51.89 sq m
(1,124 sq ft) (558 sq ft)
ST LUKE’S HOSPICE (HARROW & BRENT) CHARITY SHOPS LIMITED (2)
10 years from 04/11/2014
£50,000
04/11/2019 (03/11/2024)
First Flat 2A
1 Bedroom Flat
57.47 sq m
(618 sq ft)
INDIVIDUAL
1 year AST from 23/03/2019
£10,800
Second Flat 2B
1 Bedroom Flat
55.16 sq m
(594 sq ft)
INDIVIDUAL
1 year AST from 28/02/2019 (3)
£12,000 (3)
Third Flat 2C
1 Bedroom Flat
46.90 sq m
(505 sq ft)
INDIVIDUAL
1 year AST from 21/09/2019
£11,400
Totals
315.84 sq m
(3,399 sq ft)
£84,200 (3)
(1) The basement is accessed via a hatch and is not currently being used by the tenant. (2) St Luke's Hospice (Harrow & Brent) Charity Shops Limited was incorporated in 1989 and has 19 shops across Harrow and Brent (Source: stlukes-hospice.org 14/11/2019). (3) As to Flat 2B, the current rent reserved under the tenancy is £11,700 per annum exclusive. The tenants have signed a further tenancy for 12 months from 28/02/2020 to 27/02/2021 at a rent of £12,000 per annum exclusive.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
