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Status Withdrawn Post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
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.
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
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
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
