32-36 St Ann’s Road, Harrow HA1 1LA

Sold

Greater London Prime Freehold Retail Parade

Investment summary

  • Harrow is an affluent north-west London suburb and one of Greater London’s major commercial centres.
  • Excellent road and rail connections into central London, via mainline and underground stations.
  • Prime freehold retail parade, opposite Marks & Spencer.
  • A strong tenant line-up of Card Factory, Foot Locker and Sports Direct.com (all in occupation since 1995).
  • Re-based rents reflecting low Zone A rates of £89.50 psf to £94.25 psf.
  • Total accommodation of 986.63 sq m (10,620 sq ft), with well configured ground floor retail space.
  • Total current rent of £225,000 per annum exclusive, with an AWULT of 4.25 years to expiry (no breaks).

 

Seeking offers in excess of £3,675,000 (Three Million, Six Hundred and Seventy Five Thousand Pounds), subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 5.75%, allowing for purchaser’s costs of 6.51%.

 

STATUS - SOLD

 

 

Location

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Next steps

Contact Us

Ross Hewes
Director - Retail Investment

Tel: 020 7544 2198
Mobile: 07887 853 191
Email: ross.hewes@capita.co.uk

 

John Burnside
Director - Retail Investment

Tel: 020 7544 2041
Mobile: 07730 817046
Email: john.burnside@capita.co.uk