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image  Station Road, Harrow, HA1

image Sold

Floor area:
8,600 sq. ft. (799 sq. m.)
image Sold (Freehold)

Property Description

Freehold Investment

Investment Profile
The property comprises a detached mixed use building

Offers in the region of £2,750,000 which reflects a gross yield of approximately 5.2% based on a total rent of £142,950, or a net initial yield of 4.87% based on purchasing costs at 6.75%.

Upper Floors                                                 
The second, third and fourth floors comprise nine residential units to be sold off on a long leasehold basis with potential ground rents of approximately £2,700 per annum.

First Floor - LET                                                         
 The first floor comprises a D1 commercial unit let to the NHS CNWL trust on a 25 year lease with a 10 year break, at approximately £104,000 per annum. Rent reviews are linked to RPI or open-market, whichever is the higher.

Ground Floor Front - LET
The front of the ground floor comprises a D1 commercial unit let to Lasercare (Harrogate) Clinics Ltd, trading as SK:N, on a 15 year lease at approximately £36,000 per annum.

Ground Floor Rear - VACANT
The rear of the ground floor comprises of a D1 commercial unit sold off on a 125 year long lease to the Jaspar Group at a peppercorn rent of £250 per annum. Alternatively, this can be sold with vacant possession as part of the freehold with no long leasehold interest in place (price to reflect this).
Floor Areas 
First Floor - 4,700 sq. ft. / 437 sq. m.
Front Ground 1,400 sq. ft. / 130 sq. m.
Rear Ground 2,500 sq. ft / 232 sq. m.

The building is located on Station Road (A409) 300 metres south of  Harrow & Wealdstone Station, which  benefits from regular London Underground, London Overground and National Rail services. The building is also  within close proximity to the M25 for access to the M1 and M40. Harrow Council is located immediately opposite and a Tesco Superstore is located nearby.

Energy Rating C

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