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
    21/May/2020
  • Rent
    £80,900 per Annum Exclusive
  • Status
    Contact Us
  • Price*
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 313 Station Road<br>Harrow<br>London<br>HA1 2TA
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* More information on the term "price" can be found here

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.

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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(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
£35,00005/10/2019
05/10/2024
(05/10/2029)
GroundRetail
22.80 sq m
(245 sq ft)
SANDYMERE
LIMITED (2)
10 years from
28/10/2016 (3)
£18,00028/10/2021
(27/10/2026)
FirstFlat 313A
2 Room
Flat
Not measured
INDIVIDUALAssured 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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    19.05.20
    File Size
    11 MB
    Login to View
  • Catalogue Page
    Updated Date
    01.05.20
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    01.05.20
    File Size
    405 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
TWM Solicitors LLP 123, High Street Epsom
Surrey
KT19 8AV
Anne Fowler 01372 731 178anne.fowler@twmsolicitors.com

Useful Links

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