Poundland, Harrow, Greater London

 

304-308 Station Road, Harrow, Middlesex, HA1 2DX

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Retail – other
  • Tenure: Freehold
  • Gross Rent: £97,000
  • Lease Term: 15 years from Aug '09
  • VAT applicable?: Y

Property Description

  • Freehold Blue-Chip Retail Investment.
  • A prominent, well configured, substantial, retail unit 6,177 sq ft.

Location Description

  • Harrow is a well established retail and commercial centre approximately 11 miles north-east of Heathrow International Airport, 4 miles north of Wembley and 10 miles north-west of central London. The North Circular Road (A406), M25 and M1 motorways are all within close proximity whilst Harrow-on-the-Hill Mainline Station and Underground Station (Metropolitan Line) and both close by.
  • A primary catchment population of 486,000 and an estimated shopping population of 200,000.
  • Property is directly opposite the pedestrianised St Ann’s Road.
  • An established and busy commercial centre with a flourishing retail offer including two shopping centres with national retailers represented including Marks & Spencer, Next, Primark, H&M, Ernest Jones, Tesco, Superdrug, Debenhams, Boots and Clarks.
  • Occupiers in the immediate vicinity include Tesco Express, Superdrug, Nationwide, Bonmarché, Foxtons, Robert Dyas, Nando’s and Debenhams.

Additional Notes

  • The property is entirely let to Poundland Limited expiring in August 2024.
  • Upward only Rent Review in August 2019
  • Possible future residential conversion of the upper parts, subject to planning.
  • Poundland Limited has a strong covenant with a Dun & Bradstreet rating of 4 A1 representing a tangible net worth of £20,520,000 and a minimum risk of business failure. For the financial year ending March 2016 the retailer reported a sales turnover of £1,214,818,000, a profit before tax of £34,653,000.

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