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18 Whitefriars Avenue, Harrow, Middlesex, HA3 5RN

Guide Price
£3,750,000

Business rates & charges may apply

Pattinsons, Pattinsons Auction- National Auctioneer
SIZE

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SECTOR

Office for sale

Key features

  • Multi let office investment
  • Potential to add floors above (subject to planning)
  • Rental Potential with Full Occupancy £436,764
  • Previously let for £550,000+ (pre covid)
  • Aggregate = 1,075.08 sq m / 11,572 sq ft
  • Subject to a number of Commercial Tenancies
  • Immediate ‘exchange of contracts’ available

Description

**Being sold via Secure Sale online bidding. Terms & Conditions apply**


The Property comprises a multi let office investment. The Property is also subject to a 999 year lease that relates to the ground floor of the building. The property has 42 car park space with access to shared kitchen, lounge, meeting room, and reception area and concierge. There is 24/7 security and CCTV.

The floor by floor aggregate area schedule of the office suites and communal facilities is summarized as follows:

Floor Accommodation

Approx. IPMS 3 - Office

(sq m / sq ft)

Ground Entrance/Reception 41.74 sq m / 449 sq ft

First Offices 523.57 sq m / 5,636 sq ft

Second Offices 509.77 sq m / 5,487 sq ft

Aggregate = 1,075.08 sq m / 11,572 sq ft

Tenure
We understand the Property is held Freehold (Title Number AGL380464).

Tenancies We understand that the Property is subject to a number of Commercial Tenancies, expiring on various dates and with a current aggregate rental income of £367,104 pa.

With full occupancy the building is expected to achieve £436,764

Please note we have not inspected the property.

Location

The HA3 5FE postcode falls within the Harrow area, covering parts of neighbourhoods like Kenton and Wealdstone. The region is characterized by being in the northwestern part of London, approximately in Zone 5 of the London Underground network.

Accommodation

Floor Accommodation

Approx. IPMS 3 - Office

(sq m / sq ft)

Ground Entrance/Reception 41.74 sq m / 449 sq ft

First Offices 523.57 sq m / 5,636 sq ft

Second Offices 509.77 sq m / 5,487 sq ft

Aggregate = 1,075.08 sq m / 11,572 sq ft

Tenure

Freehold, title number AGL380464
The property is also subject to a 999 year lease that relates to the ground floor of the building.
VAT is applicable.

EPC

Available upon request, rating B.

Additional Information

For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

Brochures

18 Whitefriars Avenue, Harrow, Middlesex, HA3 5RN

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Harrow & Wealdstone Station0.5 miles
  • Headstone Lane Station0.7 miles
  • Harrow-on-the-Hill Station1.3 miles

About Pattinsons, Pattinsons Auction- National Auctioneer

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference 495333. 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 Pattinsons, Pattinsons Auction- National Auctioneer. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinsons, Pattinsons Auction- National Auctioneer on 0191 625 0964.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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