16 & 16a Belmont Circle, Kenton Lane, Harrow, HA3 8RF

Type: Retail
Status: Available
1,280 SQ FT / 118 SQ M SHOP, WORKSHOP AND 3 BED FLAT FREEHOLD INVESTMENT FOR SALE


Contact

To arrange a viewing, please contact:
George Moriarty
020 8429 9003
george@davidcharles.co.uk

Description

The premises comprise a lower ground floor workshop trading as Belmont Auto Services, ground floor retail shop trading as Belmont Barbers and 3 bedroom self-contained maisonette above. We estimate the ground floor has an approximate floor area of 500 ft2 and lower ground floor 780 ft2. The maisonette has the benefit of double glazing, central heating and has recently been redecorated.

Location

The property is located on the west side of Belmont Circle close to its junction with Kenton Lane. It is approximately 1 mile to the west of Canons Park Station (Jubilee Lane) and 1 mile to the east of Harrow & Wealdstone station (Bakerloo Line and Mainline Services). Belmont Circle is an established retail location with numerous other retailers and cafes.

Lease

The Ground and lower ground floor are let by way of lease dated 17 January 2008 for a term of 15 years and expiring on 16 January 2023. The passing rent is £12,000 per annum exclusive. The lease contains provision for upwards only review of the rent as at 17 January 2018. This review has not been implemented. With landlords consent the tenant has sub-let the ground and lower ground floor to 2 separate tenants. The 3 bedroom maisonette is to be sold with vacant possession.

Terms & Price

The freehold interest in the property is available subject to the benefit of the lease and rental income from the ground and lower ground floors and vacant possession of the upper parts.

 

Price £645,000.



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