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Available immediately

Guide price

£660,000

Retail premises for sale

132 Pinner Road, Harrow HA1

Guide price

£660,000

Retail premises for sale
132 Pinner Road, Harrow HA1

    Available immediately
    Added on 15/05/2023

    About this property

    • Prime mixed-use freehold investment

    • Self-contained ground floor commercial premises

    • Let on A new 10 year Fri lease

    • Rear yard & 2 forecourt parking spaces

    • Self-contained 3 bed flat

    • Total current income £35,440 pa

    • Potential for future rental growth

    • Located in prominent position

    Investment - An excellent opportunity to acquire a mixed-use investment property in a sought after and well connected area. The property comprises:-

    A ground floor self-contained commercial unit currently occupied on a new 10 year Full Repairing and Insuring (Fri) lease producing a rental income of £17,500 per annum.

    A three bedroom self-contained flat above, currently let on an Assured Shorthold Tenancy at £1,495 per calendar month (£17,940 per annum).

    The property also benefits from a rear yard and 2 private parking spaces at the front.

    The commercial tenant provides a strong covenant and long term rental security while the residential unit offers a stable income with potential to increase rents over time.

    Income Summary:-

    Ground Floor commercial: £17,500 pa
    Three bedroom Flat: £17,940 pa

    Total £35,440 pa

    Attractive yield with secure income and long term growth potential.

    Situated in a prominent position on Pinner Road within close proximity to Harrow Town Centre. The area is well served by public transport with Harrow on the Hill and North Harrow stations nearby providing direct links to Central London via the Metropolitan Line and National Rail.

    The surrounding area includes a mix of local retailers, amenities and residential housing making this a consistently popular rental location.

    Each party to bear their own legal costs.

    Strictly by appointment through vdbm.
    An energy performance certificate (EPC) is available upon request. The property has an asset rating of D (82).
    Prime mixed-use freehold investment

    self-contained ground floor commercial premises


    Let on A new 10 year Fri lease

    rear yard & 2 forecourt parking spaces

    self-contained 3 bed flat

    total current income £35,440 pa
    Potential for future rental growth


    Located in prominent position

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