• 2,307 Ground Floor Unit\r\n
• 735 sq ft Full Height Basement\r\n
• 220 sq ft First Floor Office\r\n
• 4x 1 Bed Self Contained Flats\r\n
• Lease Expiry 2025\r\n
• A1 Retail Use\r\n
• Parking and Rear Loading\r\n
• Central Harrow Location\r\n
Central Harrow - 3,262 Retail Unit with basement and first floor, plus 4 x 1 bedroom flats. Lease Assignment. Rent £70,000 per annum. AST income from flats £43,800 (gross). rental for the shop is just £26,200 per annum. Premium Offers.
The property is located on College Road, directly opposite the new Harrow Sq Development by Barratt Homes, the new Harrow Library and Harrow-on-the-Hill Station (Metropolitan Line and Mainline). The property is close to the entrance of St Ann\'s Shopping Centre and the Central Harrow bus terminal.
A double fronted ground floor showroom/retail unit of 2,307 sq ft. Full height basement of 750 sq ft fully accessible for loading. Further first floor ancillary staff areas of 220 sq ft. On the first and second floors are 4 self contained 1 bedrooms flats which are let on Assured Shorthold Tenancies. To property also benefits from rear vehicular access, parking and loading facilitates.
The entire property is held on a Full repairing and Insuring sub-lease from HSBC, for a term of 15 years from 29/09/10. The lease provides for 4 yearly upward only rent reviews, the next being due 24/06/18 and then 24/06/23.
RENTAL AND INCOME
The current passing rent for the entire property is £70,000 per annum. The 4 self contained flats are each let on Assured Shorthold Tenancies and produce an income of £43,800 per annum. The net rent for the shop is just £26,200 per annum.
The property has a planning use class of A1 Retail. Alternative uses such as A2 Business and Professional or A3 Restaurant may be considered subject to Local Authority planning consent and Landlord approval.
This shop, retail unit to rent is located in Harrow, London
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