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    Key features

    • Prominent Virtual Freehold Shop Investment
    • Well located in the affluent North West London suburb of Stanmore
    • Let on a new 10 year lease(1)
    • Tenant in occupation since 2016
    • Arranged over 5,060 sq ft
    • VAT is applicable (TOGC intended)
    • Investment let at £70,000 p.a. (8.8% GIY on Guide Price) rising to £80,000 p.a. in 2031

    Description

    The property comprises a virtual freehold commercial investment arranged over the ground floor together with three demised parking spaces.

    Additional information

    Tenure

    Long Leasehold. Held for a term of 999 years less 3 days from 11 November 1999 at a peppercorn ground rent

    Accommodation

    Ground Floor - 426.6 sq m (4,592 sq ft)

    Basement - 43.5 sq m (468 sq ft)

    Total - 470.1 sq m (5,060 sq ft)

    Tenancy

    The property is let to Schmidt (Stanmore Kitchens Ltd) on a full repairing and insuring (FRI) lease for a term of 10 years from June 2026 at a current rent of £70,000 per annum.


    (1)The lease provides for a tenant break option at the fifth anniversary and a rent review at the fifth anniversary. The rent increases by £2,500 per annum until Year 5, rising to £80,000 per annum.


    A three-month rent deposit is held for the term.

    Rent

    £70,000 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiriesin this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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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.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      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.

      Local information

      The property occupies a prominent position on Church Road, the principal retailing and commercial thoroughfare serving the affluent North West London suburb of Stanmore. Situated within an established parade of local, regional and national occupiers, the property benefits from strong pedestrian footfall and a substantial residential catchment. Stanmore town centre provides a wide range of amenities including supermarkets, cafés, restaurants, banks and convenience retailers, with the surrounding area characterised by attractive residential housing and strong demographic fundamentals.

      Transport

      Underground

      Stanmore Underground Station (Jubilee Line) is situated approximately 0.3 miles to the south, providing direct services to Baker Street, Bond Street, Westminster, Waterloo, London Bridge and Canary Wharf.


      Rail

      Harrow & Wealdstone Station is located approximately 3.5 miles away, providing London Overground, Southern and London Northwestern Railway services to Central London and the wider South East.


      Road

      The property benefits from excellent road communications, with the A41, A5 and M1 (Junction 4) all readily accessible. The M25 is approximately 8 miles to the north, providing connectivity to the national motorway network.


      Bus Services

      Numerous bus routes serve Stanmore town centre, providing regular connections to Harrow, Edgware, Wembley, Borehamwood and surrounding North West London districts.


      Air Travel

      Heathrow Airport is located approximately 14 miles to the south-west, whilst London Luton Airport is approximately 22 miles to the north, providing both domestic and international flight connections.

      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.

      •Some properties might be open to offers prior to auction. Exchange will take place, subject to contract and no higher offers, on auction terms and as per the legal pack. Please contact the auctioneer with your best and final offer, their details can be found on each lot page.

      •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