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Freehold shops and Residential Investment/Development- Harrow Wealdstone 4 Shops with 4 offices and 3 apartments above- Had Full planning to convert the 3 apartments into 8

For sale: £3,000,000.00|Offices, Mixed use, Office, Other Property Types & Opportunities

Property details

FOR SALE£3,000,000.00
ADDRESS11-19 The Bridge & 6-8 Masons Avenue, Wealdstone HA3 5AB
TYPEOffices, Mixed use, Office, Other Property Types & Opportunities
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON1st January 2024

Description

ADDRESS: 11-19 The Bridge & 6-8 Masons Avenue, Wealdstone HA3 5AB
• Ground Floor Shops and offices with Upper parts • Opposite Harrow and Wealdstone BR and underground station
Had planning permission to convert the 3 apartments into 8
LOCATION / SITUATION
Wealdstone is a densely populated area situated within the London borough of Harrow. It is located 11 miles North West of Central London and benefits from good road communication including the A40and A312 The subject property is located Opposite the main entrance of Harrow and Wealdstone Underground Bakerloo Line and Main line Regular train services to London Euston in 14 minutes. Occupiers close by include McDonalds, Sainsbury Local amongst many others
DESCRIPTION
A rare opportunity to acquire a freehold, unbroken, mixed-use parade in a strong location. The property comprises 4 shops, with 4 offices and 3 apartments above.
PLANNING
The upper parts benefit from Planning permission (ref P/2597/17) granted 24 January 2018, to form 8 apartments
Amendments were made to planning application to allow new access via external staircase at the rear pf the property
All enquiries should be made via Harrow Council www.harrow.gov.uk
Four storey rear extension, second floor infill extension, with conversion of first and second floor HMO to eight flats
6 One Beds 575 sq. ft each, and 2 Studios 505 sq. ft each


SHOPS
11-13 THE Bridge-595 sq ft Let to Mr. B S Kapoor for 10 years from 21 January 2019, on FRI Lease,
with a break on 21 January 2023, at a current rent of £22,800 pa with open market rent review on 21-1-24
15, 17 and 19 The Bridge- 646 sq ft, 646 sq ft, 646 sq ft, Let to RCI Training Limited for 9 years
from 14 May 2019, on an FRI Lease, with a break on 30 April 2024, at a current rent of £51,000 pa
with open market rent reviews on 1 May 2022 and 1 May 2025

OFFICES:
4A Masons Avenue- ground floor let to Commons College Limited –Co. No. 09591501, on a 12 month
License to March 2019, at a current rent of £9000 per annum holding over
6A Masons Avenue- ground floor let to RCI Construction ltd Co. No. 08413030, on a 12 month
License to 30 June 2019, at a current rent of £18000 per annum
8A Masons Avenue- ground floor let to GY Drylining Limited –Co no 10460745, on a 12 month
licence to March 2019, at a current rent of £9000 per annum
APARTMENTS
Flat 4, Masons Avenue- Let on AST for 12 Months to 31 July 2019 - Large1 Bed Flat
Flat 6, Masons Avenue- Let on AST –holding over Large 3 bed flat
Flat 8, Masons Avenue- Let on AST –holding over Large 3 bed flat :
TOTAL RENT: £168,600 pa
VAT: Not applicable PRICE: £3,000,000

Location

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Location: 11-19 The Bridge & 6-8 Masons Avenue, Wealdstone HA3 5AB

Harrow & Wealdstone (0.1 miles)

Harrow on the Hill (0.9 miles)

Kenton (1.0 miles)

Harrow & Wealdstone (0.0 miles)

Harrow and Wealdstone (0.1 miles)

Harrow-on-the-Hill (0.9 miles)

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