Guide price
£215,000
(£199.81/sq. ft)
Retail premises for saleMasons Avenue, Wealdstone HA3
1,076 sq. ft
About this property
A freehold mixed-use investment opportunity in a prominent and well-established location in Harrow, comprising a ground floor commercial unit and three self-contained residential flats above (sold on long leases).
The ground floor commercial premises extends to approximately 50 sq. M and is currently producing £12,000 per annum on a 10-year commercial lease from October 2020. The lease is contracted outside the security of tenure provisions of the Landlord & Tenant Act 1954. The commercial lease is also due for rent review, offering potential for future income growth.
The freehold is currently held within a company structure and the seller is open to a company sale, which may provide potential acquisition cost efficiencies for purchasers.
The upper parts comprise three residential flats held on long leasehold interests:
Flat A – One Bedroom Flat – approximately 120 years remaining
Flat B – Two Bedroom Flat – approximately 87 years remaining
Flat C – Studio Flat – approximately 87 years remaining
The residential flats currently generate a combined ground rent income of £300 per annum.
Total current income: £12,300 per annum, with asset management and reversionary potential.
Service charge contributions are apportioned as follows:
Commercial Unit – 50%
Flat A – 25%
Flat B – 12.5%
Flat C – 12.5%
An additional feature of note is the rear garden area, which is understood to be owned by the leaseholder of the ground floor flat (Flat A). We understand the leaseholder may be open to discussions regarding a sale of the leasehold interest, which may present future development or value-add potential, subject to the usual planning consents and investigations.
Located on Masons Avenue, the property benefits from a strong local trading position with consistent footfall and excellent transport connectivity. Harrow & Wealdstone Station is within close proximity, providing access to Underground, Overground and National Rail services.
A versatile and income-generating freehold asset suitable for investors seeking stable returns, future asset management opportunities and long-term development potential.
The ground floor commercial premises extends to approximately 50 sq. M and is currently producing £12,000 per annum on a 10-year commercial lease from October 2020. The lease is contracted outside the security of tenure provisions of the Landlord & Tenant Act 1954. The commercial lease is also due for rent review, offering potential for future income growth.
The freehold is currently held within a company structure and the seller is open to a company sale, which may provide potential acquisition cost efficiencies for purchasers.
The upper parts comprise three residential flats held on long leasehold interests:
Flat A – One Bedroom Flat – approximately 120 years remaining
Flat B – Two Bedroom Flat – approximately 87 years remaining
Flat C – Studio Flat – approximately 87 years remaining
The residential flats currently generate a combined ground rent income of £300 per annum.
Total current income: £12,300 per annum, with asset management and reversionary potential.
Service charge contributions are apportioned as follows:
Commercial Unit – 50%
Flat A – 25%
Flat B – 12.5%
Flat C – 12.5%
An additional feature of note is the rear garden area, which is understood to be owned by the leaseholder of the ground floor flat (Flat A). We understand the leaseholder may be open to discussions regarding a sale of the leasehold interest, which may present future development or value-add potential, subject to the usual planning consents and investigations.
Located on Masons Avenue, the property benefits from a strong local trading position with consistent footfall and excellent transport connectivity. Harrow & Wealdstone Station is within close proximity, providing access to Underground, Overground and National Rail services.
A versatile and income-generating freehold asset suitable for investors seeking stable returns, future asset management opportunities and long-term development potential.
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Monthly repayment
£1,075 per month
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