Mili’s Shopping Mall, Northolt Road, South Harrow, Harrow, Greater London, HA2
Property Features
- Mixed Use Investment
- 10 x Retail Kiosks
- 2 x First Floor Flats
- Net Rent Approx £133,000 per annum
- Scope for Active Asset Management
Property Summary
The first floor flats have a front entrance on Northolt Road and are generous in size totalling 1,275 sq ft and comprising 1 x 2 bedroom flat and 1 x 3 bedroom flat.
Full Details
At ground floor level the arcade is 1,992 sq ft and has 10 lock up retail units with electric security roller shutter doors and glazed shop front. The entire mall is air conditioned and has full CCTV security, LED lighting and tiled floors. There are communal WC's and a rear storage yard.
The first floor flats have a front entrance on Northolt Road and are generous in size totalling 1,275 sq ft and comprising 1 x 2 bedroom flat and 1 x 3 bedroom flat.
Location
South Harrow's vibrant Northolt Road is a specialist retail area with a broad range of shops supplying the local and ethnically diverse area. There are established and successful grocery stores, jewellery shops and restaurants trading alongside national tenants such as Lidl, Waitrose, Costa, KFC, Wenzels, Poundland and Nando's.
Terms
The gross annual rent is currently £162,340 per annum. The commercial rents are inclusive of utilities and insurance. The current net rental income is £132,540 per annum.
Freehold for sale. The guide price is £1,900,000 (One Million Nine Hundred Thousand Pounds). VAT may be applicable.
Planning
Viewing
Strictly by prior appointment via sole selling agents Chamberlain Commercial.
Contact 020 8429 6899
VAT
Business Rates
The individual retail units are generally exempt from business rates through small business relief.
Premium
Legal Costs
Rental And Income