Impulse Motors Elmgrove Rd 23,012 SF Retail Building Harrow HA1 2ED £2,800,000 (£121.68/SF) 6.07% Net Initial Yield

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INVESTMENT HIGHLIGHTS

Situated approximately 0.95 km (0.7 miles) South of Harrow & Wealdstone Station, and 1.7 km (1.1 miles) North East of Harrow on the Hill Station.
The existing warehouse extends to 2,138 sq. m. (23,012 sq. ft.) GIA.

Potential for redevelopment to various alternative uses, subject to obtaining the necessary planning consents.
Approximately 0.31 hectare (0.76 acres) site comprising a 2 storey detached warehouse with two yards, currently generating £168,000 per annum on a 5-y

EXECUTIVE SUMMARY

The property which extends to 0.31 hectare (0.76 acres) falls within the jurisdiction of the London Borough of Harrow and is situated at the rear of a cul-de-sac towards the south of Elmgrove Road. The site, previously a Royal Mail delivery office, comprises a 2 storey detached warehouse leased to a Car Mechanics and MOT Centre on a 5-years term with no breaks which commenced on 20th May 2024 and generates £168,000 per annum.
The site is located on Elmgrove Road, Harrow which falls within the London Borough of Harrow. The property is well located to public transport. Harrow & Wealdstone Station is situated 0.95 km (0.7 miles) North of the site and provides direct access to a number of Central London locations including Paddington (28 minutes), Oxford Circus (36 minutes), and London Waterloo (44 minutes) via the Bakerloo Line (Source: CityMapper). Harrow & Wealdstone is also serviced by the Overground Line, Southern Railway, and the West Midlands Railway providing routes to several other UK destinations such as Watford, Croydon, and Milton Keynes. Harrow on the Hill Station is situated 1.7 km (1.1 miles) South of the site. Elmgrove Road offers significant connectivity benefits by providing convenient access to major arterial routes such as the M1 (5.2 miles) and A41 (4.3 miles). Elmgrove Road is within close proximity to both Station Road, and the town centre which hosts an abundance of shops, supermarkets, and restaurants. Notable retailers amongst others include Tesco Superstore, Pret A Manger, and Nandos. The site also benefits from a number of natural open greenspace with Kenton Recreation Ground, Harrow Recreation Ground, and Northwick Park all located within 1.5 miles of the property.

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