Nando's 300/302 Station Road Harrow Middlesex HA1 2DX

Nando's
300/302 Station Road
Harrow
Middlesex
HA1 2DX

Freehold Restaurant Investment

  • Entirely let to Nando's on two individual leases until 2028 and 2079
  • Prime position in town centre location
  • Busy trading pitch fronting Station Road
  • Nearby occupiers include Debenhams, Superdrug, Burger King and Lloyds TSB
  • Lot
    8
  • Auction
    8th July 2010
  • Rent
    £70,530 per Annum
  • Status
    Sold
  • Price
    £1,100,000
  • Sector
    Leisure
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    Mayfair
    London W1K 2HP
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Restaurant Investment

  • Entirely let to Nando's on two individual leases until 2028 and 2079
  • Prime position in town centre location
  • Busy trading pitch fronting Station Road
  • Nearby occupiers include Debenhams, Superdrug, Burger King and Lloyds TSB
  • Lot 8
  • Auction 8th July 2010
  • Rent
  • Status Sold
  • Price £1,100,000
  • Sector
    Leisure
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    Mayfair
    London W1K 2HP

Property Information

Location
Miles
 8 miles south-east of Watford
15 miles north-east of Slough
16 miles north-west of Central London
Roads
 A40 (Western Avenue), M1, M40, M25
Rail
 Harrow-on-the-Hill Mainline Railway Station and Underground (Metropolitan Line)
Air
 Heathrow Airport
Situation

The property is prominently situated on the eastern side of Station Road, near to its junction with the pedestrianised retail thoroughfare, St Ann's Road. Nearby occupiers include Debenhams, Superdrug, Burton Menswear and Lloyds TSB.

Tenure

Freehold.

Location
Miles
 8 miles south-east of Watford
15 miles north-east of Slough
16 miles north-west of Central London
Roads
 A40 (Western Avenue), M1, M40, M25
Rail
 Harrow-on-the-Hill Mainline Railway Station and Underground (Metropolitan Line)
Air
 Heathrow Airport
Situation

The property is prominently situated on the eastern side of Station Road, near to its junction with the pedestrianised retail thoroughfare, St Ann's Road. Nearby occupiers include Debenhams, Superdrug, Burton Menswear and Lloyds TSB.

Tenure

Freehold.

Description

The property comprises a GROUND AND FIRST FLOOR RESTAURANT UNIT with OFFICE AND STORAGE ACCOMMODATION on the second floor.

NB Please note, road improvement works are currently underway on Station Road and are due for completion in October 2010.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a GROUND AND FIRST FLOOR RESTAURANT UNIT with OFFICE AND STORAGE ACCOMMODATION on the second floor.

NB Please note, road improvement works are currently underway on Station Road and are due for completion in October 2010.

VAT

VAT is applicable to this lot.

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 Reviews
Ground
Second
Restaurant
Office/Storage
162.28 sq m (1,747 sq ft)
38.08 sq m (410 sq ft)
NANDO'S CHICKENLAND LIMITED (1) 25 years from 22/12/2003 until 21/12/2028 £70,500 22/12/2013 and
5 yearly thereafter
First

Restaurant

99.78 sq m (1,074 sq ft)

NANDO'S CHICKENLAND LIMITED (1) 99 years from 10/03/1980 until 09/03/2079 £30 (2)
Totals  
300.14 sq m (3,231 sq ft)
    £70,530  

(1) For the year ending 22nd February 2009, Nando's Chickenland Limited reported a turnover of £230,857,000, pre-tax profits of £7,818,000 and a total net worth of £25,303,000. (Source: www.riskdisk.com 07/06/2010)

(2) Please note, under the terms of the lease the rent is £30 p.a.x. during the first 33 years of the term, increasing to £50 p.a.x. during the next 33 years of the term and then increasing to £70 p.a.x. thereafter.

Property Documents

  • Site Plan
    Updated Date
    16.06.10
    File Size
    47 KB
    View PDF
  • Catalogue Page
    Updated Date
    16.06.10
    File Size
    224 KB
    View PDF
  • Special Conditions
    Updated Date
    07.07.10
    File Size
    61 KB
    View DOC
  • 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
Seller's Solicitors
Maclay Murray & Spens LLP One London Wall
London
EC2Y 5AB
Nicholas Mole +44 (0)20 7634 8746nicholas.mole@mms.co.uk

Useful Links

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

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