27-33 Shaftesbury Circle Shaftesbury Avenue Harrow London HA2 0AT

27-33 Shaftesbury Circle
Shaftesbury Avenue
Harrow
London
HA2 0AT

  • 27-33 Shaftesbury Circle<br>Shaftesbury Avenue<br>Harrow<br>London<br>HA2 0AT

Freehold London Supermarket & Residential Ground Rent Investment

  • Majority let to Tesco Stores Limited on a NEW 15 year lease (subject to option)
  • Prominent Location in Affluent London Suburb
  • Diagonally opposite McDonalds
  • Predominately Residential Location close to Whitmore High School
  • Includes 8 Flats Sold Off with Lease Expiries from 2085 & Car Parking
  • Lot
    10
  • Auction
    17/Feb/2022
  • Rent
    £110,800 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,925,000
  • Sector
    Supermarket
  • Auction Venue
    Live Streamed Auction
Important Update
  • 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

Harrow is an affluent and popular North West London suburb. The property is located in a predominately residential suburb, 1 mile south west of Harrow in a prominent location on Shaftesbury Circle. The property is within The Circle at the junction of Shaftesbury Avenue & Roxeth Green Avenue. Whitmore High School is close by, along with McDonalds and a number of local specialist retailers.

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

Harrow is an affluent and popular North West London suburb. The property is located in a predominately residential suburb, 1 mile south west of Harrow in a prominent location on Shaftesbury Circle. The property is within The Circle at the junction of Shaftesbury Avenue & Roxeth Green Avenue. Whitmore High School is close by, along with McDonalds and a number of local specialist retailers.

Tenure

Freehold.

Description

The property comprises a ground floor supermarket with sales and ancillary accommodation. There is loading facilities and car parking to the rear. The 2 upper floors provide residential accommodation of 8 flats, separately accessed via Shaftesbury Avenue.

VAT

VAT is applicable to this lot.

Completion Period

6 Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor supermarket with sales and ancillary accommodation. There is loading facilities and car parking to the rear. The 2 upper floors provide residential accommodation of 8 flats, separately accessed via Shaftesbury Avenue.

VAT

VAT is applicable to this lot.

Completion Period

6 Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Rent Review
(Reversion)
Ground Retail
495.20 sq m (5,330 sq ft)
TESCO STORES LIMITED (1) (part sublet 4) 15 years from 19/07/2021 (2)
£110,000
5 yearly linked to RPI (3)
First Residential   INDIVIDUAL 147 years from 25/03/1986
£200 rising to £400 in 2033
Fixed Uplifts every 25 years
First Residential   INDIVIDUAL 189 years from 25/03/1986
£0
-
First Residential   INDIVIDUAL 148 years from 25/03/1986
£100 rising to £150 in 2036
Fixed Uplifts every 25 years
First Residential   INDIVIDUAL 147 years from 25/03/1986
£200 rising to £400 in 2033
Fixed Uplifts every 25 years
Second Residential   INDIVIDUAL 189 years from 25/03/1986
£0
-
Second Residential   INDIVIDUAL 99 years from 25/03/1986
£100 rising to £150 in 2036
Fixed Uplifts every 50 years
(24/03/2085)
Second Residential   INDIVIDUAL 148 years from 25/03/1986
£100 rising to £150 in 2036
Fixed Uplifts every 50 years
Second Residential   INDIVIDUAL 99 years from 25/03/1986
£100 rising to £150 in 2036
Fixed Uplifts every 50 years
(24/03/2085)
Total Commercial Area  
495.20 sq m (5,330 sq ft) plus 8 Flats
   
£110,800
 

(1) Tesco trade from over 3,400 units nationwide (www.tesco.com) and for the year ended 27th February 2021 Tesco Stores Limited reported a turnover of £42,451,000,000, pre-tax profit of £1,018,000,000, shareholders funds of £5,472,000,000 and a net worth of £4,972,000,000 (Source: Experian 09.11.2021)
(2) Tenant option to determine on the 19/07/2031
(3) Whilst the rent is subject to RPI-linked increases at review, the rent is capped at £115,000 between the fifth & tenth anniversaries (2026 & 2031).
(4) One shop unit is sublet to Harrington Estates Limited on a lease expiring on 17th March 2024.
NB : The seller has served notices on the residential tenants, pursuant to section 5B of the Landlord & Tenant Act 1987 (as amended). No acceptance notices have been received from the tenants within the acceptance period.

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.

Property Documents

  • Brochure
    Updated Date
    28.01.22
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Teacher Stern LLP 37-41 Bedford Row
London
WC1R 4JH
Eytan Weisz 0207 242 3191e.weisz@teacherstern.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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