1 October 2025: Wednesday 01 October 2025 - 9:00am
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    Key features

    • Value-Add Mixed Use Investment Opportunity
    • Ground Floor Retail Unit with Residential Upper Parts
    • Ground Floor Unit Vacant
    • Asset Management Potential Via Letting
    • ERV £36,800 per annum
    • Two Bedroom Split Level Flat to the Upper Parts
    • Let on an AST
    • Popular High Footfall Pitch
    • Investment Let at £16,800 p.a. with Vacant Ground Floor
    • ERV Refelcts 10.51% on Guide Price

    Description

    The property comprises a mixed-use retail/residential investment opportunity with evident asset management potential.

    Arranged across ground, first and second floors, the property comprises a ground floor retail unit with a two bedroom, split-level, flat to the upper parts.

    The ground floor is currently vacant, and we consider there is evident asset management potential via letting of this space. We consider the Estimated Rental Value (ERV) of the ground floor unit to be in the order of £20,000 per annum.

    The upper parts are currently let on an Assured Shorthold Tenancy (AST) which expired 03.05.2025 and paying £16,800 per annum, the tenant is continuing to occupy the flat on a periodic tenancy.

    The property occupies a prominent pitch with a frontage to Northolt Road, a principal arterial route connecting the centres of South Harrow and Northolt Park. The street therefore benefits from high footfall and is characterised by a mix of residential, retail and similar mixed uses. Nearby occupiers include Medivet, Kwik Fit, Specsavers and Aldi.

    Additional information

    Tenure

    Freehold

    Rent

    £16,800 per annum

    Notes

    Please note, the completion date on this property will be 13.10.2025 and not as stated in the Special Conditions of Sale.

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      EPC rating

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      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.

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