207 Watford Road, Harrow, Middlesex, HA1
Size
1,560
Tenure
Freehold
EPC
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Parking
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- Primary use
- Mixed use
Key features
- Rental Income: £70,560 p.a.
- Gross Initial Yield: 7.09%
- Comprises retail shop at ground floor with 5-Bed HMO at first and second floor
- Future development potential, STTP
Description
Gross Initial Yield: 7.09%
Rental Income: £70,560 p.a.
VAT is NOT applicable to this property
Comprises retail shop at ground floor with 5-Bed HMO at first and second floor
Future development potential, STTP
Planning previously approved for single storey extension at rear
Occupiers close by include Post Office and Costcutter, amongst other local retailers.
Property Description:
Comprises ground floor retail shop t/a tattoo parlour and 5-Bed HMO at first and second floor, providing the following accommodation and dimensions:
Ground Floor: Retail Shop 65 sq m (700 sq ft)
Reception, Retail Area, Storage, WC
First/Second Floor: 5-Bed HMO 80 sq m (860 sq ft)
5 studios with kitchenette and 2 shared bathrooms
Future development potential. Planning previously approved for single storey extension at rear to provide larger retail premises.
Tenancy:
The ground floor shop is at present let to Individual t/a Wellness Studio for a term of 10 Years from 7th August 2025 at a current rent of £21,000 per annum and the lease contains full repairing and insuring covenants. Rent review linked to RPI in August 2030. Tenant option to determine in August 2030 with min 6 months notice. Deposit held of £5,250.
Studio 1 is at present let to on AST to an Individual for a term of 12 months from 13th March 2023 at a current rent of £9,960 p.a. Deposit held of £865.
Studio 2 is at present let to on AST to an Individual for a term of 12 months from 6th October 2022 at a current rent of £9,600 p.a. Deposit held of £720.
Studio 3 is at present let to on AST to an Individual for a term of 12 months from 18th September 2022 at a current rent of £7,860 p.a. Deposit held of £750.
Studio 4 is at present let to on AST to an Individual for a term of 12 months from 31st January 2021 at a current rent of £9,600 p.a. Deposit held of £802.
Studio 5 is at present let to on AST to an Individual for a term of 12 months from 18th September 2021 at a current rent of £7,500 p.a. Deposit held of £720.
The rear land is at present let on License to Occupy to Constance Cars Ltd for a term of 3 Years from 24th January 2024 at a current rent of £3,600 p.a. Fixed rental increase to £4,140 p.a. on 25.02.26 until the end of term. Tenant option to determine on 24.01.26.
Location:
Harrow is a large town in Greater London, England, and serves as the principal settlement of the London Borough of Harrow. The property is situated along the busy Watford Road, close to the junction with East Lane. Occupiers close by include Post Office and Costcutter, amongst other local retailers.
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- Business rates
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- Use class
- C3, E
- Listed building
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- Floors in building
- 3
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- Environmental description
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Brochure
207 Watford Road, Harrow, Middlesex, HA1
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
Together, we unlock potential.
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Disclaimer - Property reference 207watford. 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 BLUE ALPINE PARTNERS LIMITED, London. 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.