38-44 St. Anns Rd
Harrow HA1 1LA
Retail Property For Sale · 13,463 SF
Investment Highlights
- Prominent location
- Public carpark close by
- Close to the station
Executive Summary
St Anns Road is Harrow's prime pedestrianized area with two covered shopping centres, VUE cinema and many large store national retailers. Harrow-on-the-Hill tube station (Metropolitan and Mainline) is very close by and there is also an abundance of public car parking.
PROPERTY FACTS
Unit Size | 2,900 - 5,005 SF |
No. Units | 2 |
Total Building Size | 13,463 SF |
Property Type | Retail |
Property Subtype | Storefront Retail/Office |
Building Class | B |
Floors | 3 |
Typical Floor Size | 4,488 SF |
Year Built | 1985 |
Lot Size | 0.47 AC |
2 Units Available
Unit 2nd Floor
Unit Size | 2,900 SF |
Condo Use | Office/Retail |
Sale Type | Investment |
Tenure | Long Leasehold |
Description
A commercial space in prime location in Central Harrow offering 2,900 sq ft of built accommodation together with an external terrace of a further 2,500 sq ft. The property is on the 2nd floor above the new B&Q unit on St Anns Road. The unit has its own ground floor entrance with large signage space, which leads to anentrance lobby with a private lift and stairs to the 2nd floor. Currently arranged as offices but has E class planning consent. The property may also lend itself to a restaurant, members club, shisha lounge, gym or a medical centre.
Sale Notes
Prime investment opportunity and can be used as an office space or retail. The property can be purchased on a new 999 year lease.
Unit Ground
Unit Size | 5,005 SF |
Condo Use | Retail |
Sale Type | Investment |
Tenure | Freehold |
Cap Rate | 6.36% |
NOI | $151,437.82 |
Description
A ground floor retail space in the he heart of the Town Centre of the London Borough of Harrow, approximately
12 miles North West of Central London and 4 miles from Wembley
Stadium.
Sale Notes
Prime investment opportunity fully let to B&Q Ltd on a Full Repairing & Insuring lease for term of 10 years from 02/09/22 at a current passing rent of £175,000 per annum. The rent increases in Year 6 to £197,996.43 per annum. The lease provides for a tenant only break option at the end of the 5th year, subject to 6 months prior written notice.
Amenities
- Conferencing Facility
- Security System
- Storage Space
- Air Conditioning