313 Station Road Harrow London HA1 2TA

313 Station Road
Harrow
London
HA1 2TA

Freehold Retail and Residential Investment

In the same ownership for almost 20 years
Tenants include Currency Exchange Corporation Limited and Sandymere Limited
Timpson in occupation for 50 years
Affluent Town centre location
Includes two self-contained residential flats
Neighbouring occupiers include NatWest, Caffè Nero, HSBC, Boots, Tesco Express, O2 and Moss Bros

Lot
15
Auction
21st May 2020
Rent
£80,900 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Investment

In the same ownership for almost 20 years
Tenants include Currency Exchange Corporation Limited and Sandymere Limited
Timpson in occupation for 50 years
Affluent Town centre location
Includes two self-contained residential flats
Neighbouring occupiers include NatWest, Caffè Nero, HSBC, Boots, Tesco Express, O2 and Moss Bros

Lot 15
Auction 21st May 2020
Rent £80,900 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

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

Harrow is an affluent and popular North West London suburb. The property is situated in a prominent location on the west side of Station Road, Harrows 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

Tenure

Freehold.

Description

The property comprises 2 retail units with retail accommodation on the ground floor and ancillary accommodation in the basement. There is a two room self-contained residential flat on the first floor and a five room self-contained maisonette on the second and third floors. The flats are accessed separately from the rear of the property via Greenhill Way.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Description

VAT

VAT is 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	Retail Ancillary	71.34 sq m 44.05 sq m	(768 sq ft) (474 sq ft)	CURRENCY EXCHANGE CORPORATION LIMITED (1)	15 years from 06/10/2014	£35,000	05/10/2019 05/10/2024 (05/10/2029)
Ground	Retail	22.80 sq m	(245 sq ft)	SANDYMERE LIMITED (2)	10 years from 28/10/2016 (3)	£18,000	28/10/2021 (27/10/2026)
First	Flat 313A 2 Room Flat	Not measured		INDIVIDUAL	Assured Shorthold Tenancy for a term of 1 year from 22/03/2020	£11,700
Second and third	Flat 313B 5 Room Maisonette	Not measured		INDIVIDUAL SPECIALISTS LIMITED (4)	Assured Shorthold Tenancy for a term of 1 year from 08/02/2020	£16,200
Total Commercial Area		138.20 sq m	(1,487 sq ft)			£80,900

(1) For the year ending 30th December 2018, Currency Exchange Corporation Limited reported a turnover of £8,217,363, pre-tax profits of £2,418,618 and a total net worth of £7,019,222 (Source: Experian Group 28/02/2020).
(2) Sandymere Limited are a subsidiary of Timpson Group Plc. Timpson was established in 1865 and is the UKs leading retail service provider employing over 5,600 colleagues, with 2,000 owned stores and 119 "Snappy Snaps" franchises throughout the UK and Ireland (Timpson.co.uk 22/04/2020).
(3) The lease provides for a tenant option to determine on 28/09/2021. Timpson has occupied the property since at least June 1970 (50 years).

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.