| Property Type | Investment / Restaurant / Cafe / Retail |
| Tenure | For Sale |
| Size | 3,195 sq ft |
| Price | £1,300,000 |
| Business Rates | Interested parties to contact the London Borough of Harrow |
| VAT | Applicable. The property has been elected for VAT purposes and it is anticipated that the sale will be treated as a transfer of a going concern (TOGC), subject to applicable tax rules. |
| Energy Performance Rating | This property has been graded as C (73) |
Harrow Town Centre is a vibrant and bustling commercial hub, offering an excellent mix of retail, dining, and leisure facilities. The area benefits from a diverse range of high street brands, independent shops, and popular eateries, making it a key destination for both residents and visitors. With strong transport links, including Harrow-on-the-Hill Underground Station providing access to the Metropolitan line and National Rail services, the town centre is easily accessible from Central London and surrounding areas. Additionally, several public car parks and bus routes enhance connectivity and footfall. Harrow is also home to a thriving business community and a number of cultural attractions, including Harrow Arts Centre and historic landmarks. The combination of convenience, amenities, and a growing local economy ensures Harrow Town Centre remains a highly desirable location for both businesses and customers.
SAT NAV: HA1 2DE
The property is prominently situated on Station Road, at the gateway to Harrow Town Centre, adjacent to Taco Bell and opposite McDonald's, Wetherspoon & Barclays Bank. Harrow-on-the-Hill Train/Tube Station, serviced by Chiltern Railways and the Metropolitan Line, is just a short walk away, with several public car parks conveniently located nearby.
A40 by road - 3.9 miles
Harrow On The Hill Underground Station (Metropolitan Line) - 0.1 miles
Northwick Park Underground Station (Metropolitan Line) - 0.8 miles
Kenton Underground Station (Bakerloo Line) - 0.9 miles
Harrow & Wealdstone Underground Station - 1.0 mile
Source: Google Maps
The premises comprise a two-storey, double fronted retail building, situation in a prominent position on Station Road. Neighbouring’ occupiers include Taco Bell, McDonalds, Barclays Bank, Wetherspoon Pub & Chaiiology to name but a few.
364-366 Station Road is let to Sha Fusion Ltd (Co. 15568885) & guaranteed by Radhika Narayana on the following terms:
• Let on a 15 year, full repairing and insuring lease, subject to a photographic schedule of condition, from 1st August 2024 until 1st July 2039.
• The lease is contracted inside the provisions of the 1954 Landlord & Tenant Act) part II as amended)
• The rent to be reviewed on each fifth anniversary to the greater of the Open Market Rental Value.
• There is a tenant only option to determine the lease on fifth anniversary of the term or at any time thereafter by giving the Landlord no less than three months prior written notice.
All measurements are approximate. Interested parties are advised to carry out their own surveys.
| Description | sq ft | sq m |
|---|---|---|
| Ground Floor | 2,072 | 192.50 |
| First Floor | 1,123 | 104.33 |
| Total | 3,195 | 296.83 |
Freehold.
We are instructed to seek offers in the region of £1,300,000 (One Million Three Hundred Thousand Pounds), subject to contract and exclusive of VAT, reflecting a net initial yield of 5.44% after allowing for purchaser’s costs of 5.99%.
The property has been elected for VAT purposes and it is anticipated that the sale will be treated as a transfer of a going concern (TOGC), subject to applicable tax rules.
Interested parties will be required to provide the appropriate information to satisfy current AML regulations at the stage Heads of Terms are agreed.
None of the amenities have been tested by Telsar.
All viewings are to be accompanied by Telsar.
