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    Key features

    • To be offered on 29th October
    • A rarely available mixed use building comprising a ground floor retail unit subject to 8 distinct licenses over 10 units (1 unit vacant) with two recently refurbished upper floor apartments let on ASTs
    • Existing planning permission for loft conversion and extension of both upper floor apartments to create additional living accommodation (subject to the necessary consents)
    • Further development potential to create two kiosk units at the rear of property (subject to necessary consents)
    • Both upper floor apartments have been comprehensively refurbished throughout and include new kitchen and bathroom suites
    • Approximately two minutes' walk to South Harrow Tube station
    • Investment let at £159,240 p.a. (11.79% GIY on Guide Price)

    Additional information

    Tenure

    Held on 2 x Freehold titles with an unmerged leasehold title on the ground floor.

    Accommodation

    This mid terrace property comprises approximately 2,700 sq ft of ground floor commercial space and 1,300 sq ft of residential accommodation across two apartments. The ground floor retail units are occupied by 8 license holders and the upper floor accommodation has been comprehensively refurbished and let on ASTs.

    Tenancy

    Please see Accommodation and Tenancy Schedule

    Planning

    The property is offered with the benefit of planning permission (dated 20 April 2022, Ref: P/0252/22) for "First floor rear extension; Rear dormer and insertion of four rooflights to front roof slope; Two bay windows to first floor front elevation and External alterations to create internal reconfiguration of existing flats"

    Rent

    £159,240 per annum
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      Situated in the bustling heart of South Harrow, Northolt Road is a busy location with high foot traffic and excellent connectivity. This mixed use commercial and residential property is surrounded by a variety of retail shops, cafes, and essential services, making it convenient a destination for both shoppers and business owners.

      Transport

      The location is well-served by public transport, with South Harrow Underground Station just a short walk away, providing easy access to Central London and surrounding areas. The area has ample on-street parking and is in close proximity to major road networks.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums