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UNDER OFFER

376-380 Northolt Road, Harrow, HA2 8ES

Offers in Region of
£1,200,000

£234.24 per sq ft

Business rates & charges may apply

Stirling Ackroyd, Commercial
SIZE AVAILABLE

5,123 sq ft

476 sq m

SECTOR

Mixed use property for sale

Floor PlanFloor Plan
3

Key features

  • Freehold Sale - Detached mixed-use building, triple-fronted commercial unit and three self-contained maisonettes on the upper floors
  • Vacant ground floor commercial unit approx. 2,500 sq ft with forecourt/parking – previously under let at £27,000 p.a
  • Attractive projected gross yield of 7.6% based on market rent re-let of commercial unit
  • 3 x split-level 2-bed residential units, fully let at £51,600 p.a. – all tenants on ASTs
  • Freehold Sale Price - £1,200,000 for the benefit of the existing residential income and vacant possession of the commercial unit
  • Good residential & commercial location in South Harrow

Description

Description
A prominent fully detached freehold mixed-use building with return frontage, arranged as a triple-fronted commercial premises on the ground floor, with three self-contained 2-bedroom maisonettes above.

The flats are accessed independently and benefit from spacious layouts over two floors.

The commercial unit offers excellent frontage and visibility, with off-street parking/forecourt, and is suitable for a range of occupiers or investors.

Residential element: Fully let on ASTs generating £51,600 p.a., all tenants receiving housing benefits.

Commercial unit: Vacant; previously let at £27,000 p.a., with estimated re-let potential of minimum £40,000 p.a

Total projected income: £91,600 p.a.

Estimated projected gross yield: 7.6% at £1,200,000

There is also further income potential from the side wall advertising - currently generating £450 per annum on a rolling contract

Location
The property is located on the western side of Northolt Road (A312), in the heart of South Harrow, a busy local shopping and residential area within the London Borough of Harrow.

South Harrow Underground Station (Piccadilly Line) is within 5 minutes’ walk, providing direct access to central London.

Surrounded by national and local retailers, supermarkets, eateries, and essential services.

Good access to Harrow town centre, Northolt, and the A40/M40 for wider connectivity.

Strong local rental demand from both residential and commercial tenants.

Energy Performance Certificates

EPCEPCEPC

Brochures

376-380 Northolt Road, Harrow, HA2 8ES

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Northolt Park Station0.3 miles
  • South Harrow Station0.3 miles
  • Northolt Station0.9 miles

About Stirling Ackroyd, Commercial

40 Great Eastern Street, London, EC2A 3EP

At Stirling Ackroyd, the city is in our DNA. We understand the way London operates and how people buy, sell, rent or let property. As one of the first East London estate agents, we have played a vital role in the residential and commercial development of Central and East London and through this, we have gained an integral understanding of local values and an unparalleled local knowledge of the area.

We are one of the leading commercial estate agents for commercial property in London. We provide our clients with the full range of comprehensive, professional, and up to date occupational and investment services with dedicated teams covering all commercial property sectors.

Our Commercial Property Services include Leasehold and Freehold disposal, Property Acquisition and Investment and Development Services. We cover Retail space, Industrial space, Office space, Investment properties and Land Acquisition, so can help in all your commercial property needs. Set up originally in a small office on Curtain Road, in the then unfashionable northern City fringe, we have watched the community we are part of grow into the prime property locations you see today.

Whether you are looking for office space in the heart of Tech City, a restaurant or café in the vibrant and ever-changing streets of Shoreditch and Hackney, our team are available to assist with every aspect from leasing through to investment.

Notes

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Disclaimer - Property reference 315453-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Stirling Ackroyd, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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