82–84 St Ann’s Road
Harrow
London
HA1 1JX

Freehold Retail Investment with Residential Development Potential

  • Substantial modern building comprising two extensive retail units capable of further subdivision
  • Approximately 1,271.90 sq m (13,685 sq ft) with the upper floors comprising 848 sq m (9,133 sq ft)
  • Prime retail position between St George and St Anns Shopping Centres
  • Residential development potential on upper floors (subject to consents)
  • Recent interest from potential tenants including Footlocker and Skipton Building Society (2) (3)
  • Neighbouring occupiers include Starbucks, Greggs, TSB Bank, Santander, Costa, Pret a Manger and Primark
  • Lot
    8
  • Auction
    25/Mar/2021
  • Rent
    £48,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £3,225,000
  • Sector
    Development
  • Auction Venue
    Live Streamed Auction
  • On behalf of a major Asset Manager
Important Update
  • 82–84 St Ann’s Road<br>Harrow<br>London<br>HA1 1JX
  • Expand
  • Photos
  • Map

* 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

The property is situated in a prime retailing position on the north side of the busy and pedestrianised St Anns Road, directly between St George and St Anns Shopping Centres, approximately 300 metres from Harrow-on-the-Hill Railway Station (Underground & Network Rail). Neighbouring occupiers include Starbucks, Greggs, TSB Bank, Santander, Costa, Pret a Manger and Primark.

Tenure

Freehold.

Description

The property currently comprises two substantial ground floor retail units with two extensive upper floors. Unit 82 is a substantial retail unit capable of further subdivision. Previous tenants have traded from parts of the upper floors in addition to the ground floor. The property benefits from 24.5 metre (80 feet) frontages and access to the rear from Greenhill Way, providing an opportunity for residential conversion on the upper floors (Subject to consents).

VAT

VAT is applicable to this lot.

Completion Period

Four Week Completion

EPC

See legal pack.

Tenancy & Accommodation

UnitFloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReversion
82Ground
First
Second
Retail
Retail
Ancillary
316.10 sq m
276.10 sq m
298.90 sq m
(3,401 sq ft)
(2,971 sq ft)
(3,216 sq ft)
HOME
WAREHOUSE
CENTRE
t/a Home Store (2)
1 year from
18/09/2020
£48,00017/09/2021 (1)
84Ground
First
Second
Loft
Retail
Ancillary
Ancillary
Storage
107.00 sq m
114.60 sq m
107.50 sq m
51.70 sq m
(1,151 sq ft)
(1,233 sq ft)
(1,157 sq ft)
(556 sq ft)
VACANT
POSSESSION (3)
   
Totals
1,271.90 sq m
(13,685 sq ft)
  £48,000 withvacant shop to be let 

(1) The tenant has a rolling option to determine the lease upon giving 1 months' notice.
(2) As to unit 82, the current owner has considered subdividing unit 82 into two units, 82A and 82B. In relation to 82B (a proposed unit comprising ground floor of approximately 183.66 sq m (1,977 sq ft) and a first floor of approximately 178.46 sq m (1,921 sq ft) Freedom Sportsline Limited t/a Footlocker have expressed an interest in taking a lease at an average rent of £83,000 p.a.x. over the proposed term, subject to incentives. Full information is available in the legal pack.
(3) As to unit 84, Skipton building society have expressed an interest in taking a lease at an average rent of £57,000 p.a.x. over the proposed term, subject to incentives. Full information is available in the legal pack.

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
    19.03.21
    File Size
    31 MB
    Login to View
  • Catalogue Page
    Updated Date
    05.03.21
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    05.03.21
    File Size
    767 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 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
CMS Cameron McKenna Nabarro Olswang LLP Cannon Place, 78 Cannon Street
London
EC4N 6AF
Thomas Neale 020 7367 3318thomas.neale@cms-cmno.com

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