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  • For Sale
  • Offers Over £195,000
  • 2 Middle Road Harrow on the Hill, Harrow, HA2 0HL
  • Commercial Investment

Commercial Investment

| May 1, 2024

Executive Summary

  • Let to a private individual on a 10-year lease expiring January 2034 with a current passing rent of £16,950 per annum
  • Situated in popular part of Harrow surrounded by a mix of commercial and residential properties
  • Arranged over ground floor and basement, currently trading as a barbershop
  • A sale at £195,000 would represent a GIY of 8.69%

Location
The property is located on Middle Road, at the junction with Roxeth Hill (A4005) and Northolt Road (A312). Northolt Road (A312) provides access to A40 and in turn the M25 motorway. Harrow-on-the Hill rail and Underground station is situated 0.8 miles to the to the north.

Please note all times and distances given are approximate only.

Description
A prominent corner property in a mixed commercial and residential area. The property is arranged over ground floor and basement. The ground floor is currently trading as a barbershop. The commercial unit has been fitted out to a good specification, with the property being situated in a busy and popular area of Harrow with nearby occupiers including a wide range of local and independent retailers.

Please note that these sizes given are approximate only and all interested parties are advised to rely on their own inspection and survey.

Tenure
Leasehold. To be sold by way of a 999-year lease from completion at a peppercorn ground rent.

Terms
Offers are invited in excess of £195,000, which represents a gross yield of 8.69%.

Viewings
Viewings are strictly by appointment through joint agents Harston&Co or Savills.

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The Site and all the content on the Site is provided for use "as is" and "as available" and any reliance upon the same is at your sole risk. Whilst We take all reasonable care to ensure that the content on this Site is accurate, We cannot guarantee its accuracy and We reserve the right to change the content on this Site at any time. We make no representations or warranties of any kind with respect to this Site or the content of the Site, including any text, graphics, advertisements, links or other items. Further more, neither We nor any other contributor to this website make any representation or gives any warranty, condition, undertaking or term either expressed or implied as to the condition, quality, performance, accuracy, fitness for purpose, completeness or freedom from viruses of the content contained on the Site or that such content will be accurate, up to date, uninterrupted or error free.