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
Number of 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
Unit 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
Unit Use Retail
Sale Type Investment
Tenure Freehold
Net Initial Yield 6.36%
NOI £124,020
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
  • Listing ID: 26737470

  • Date on Market: 29/09/2022

  • Last Updated:

  • Address: 38-44 St. Anns Rd, Harrow HA1 1LA