Waterstones 60 - 62 St Anns Road, Harrow London HA1 1JX

Waterstones
60 - 62 St Anns Road, Harrow
London
HA1 1JX

Freehold Retail Investment

Let to Waterstones Booksellers Limited
Prime retail position opposite the entrance to St Anns Shopping Centre
VAT-free investment
Neighbouring occupiers include Santander, Halifax, Holland & Barrett, Costa, Pret a Manger, Primark, M&S and EE

Lot
24
Auction
26th March 2020
Rent
£120,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

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Freehold Retail Investment

Let to Waterstones Booksellers Limited
Prime retail position opposite the entrance to St Anns Shopping Centre
VAT-free investment
Neighbouring occupiers include Santander, Halifax, Holland & Barrett, Costa, Pret a Manger, Primark, M&S and EE

Lot 24
Auction 26th March 2020
Rent £120,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
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 prime retailing position on the north side of the busy and pedestrianised St Anns Road, directly opposite the entrance to St Anns Shopping Centre and approximately 100 metres from St George's Shopping Centre. Neighbouring occupiers include Santander, Halifax, Holland & Barrett, Costa, Pret a Manger, Primark, M&S and EE.

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

Tenure

Freehold.

Description

The property comprises ground floor and first floor retail accommodation with second floor ancillary accommodation. The property benefits from a customer lift between the ground and first floors and rear servicing access via Greenhill Way.

VAT

VAT is not applicable to this lot.

Completion Period

Eight Week Completion

EPC

Band C. See legal pack at acuitus.co.uk

Description

VAT

VAT is not applicable to this lot.

Completion Period

Eight Week Completion

EPC

Band C. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reversion
Ground First Second	Retail Retail Ancillary	213 sq m 196 sq m 207 sq m	(2,291 sq ft) (2,108 sq ft) (2,233 sq ft)	WATERSTONES BOOKSELLERS LIMITED (1)	10 years from 19/06/2014 on a full repairing and insuring lease	£120,000	18/06/2024
Totals		616 sq m	(6,632 sq ft)			£120,000

(1) For the year ending 27th April 2019, Waterstones Booksellers Limited reported a turnover of £392,776,000, pre-tax profits of £27,702,000 and a total net worth of £39,508,000 (Source: Experian Group 21/2/2020).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.