259-261 Northolt Road Harrow, HA2 8HS, Harrow, HA2 8HS | Property for sale | Savills
Guide price £1,350,000($1,756,499)

259-261 Northolt Road Harrow, HA2 8HSHarrow, HA2 8HS

  • New
  • Sole agency
  • Freehold
Investment
Yield 11%Yield

Key features

  • A mixed use building comprising retail unit subject to 8 distinct licenses
  • Planning for loft conversion/extension of apartments (subject to the consents)
  • Further development potential to create two kiosk units (subject to consents)
  • Upper floor apartments have been comprehensively refurbished throughout
  • Approximately two minutes' walk to South Harrow Tube station
  • Investment let at £154,140 p.a. (11.41% GIY on Guide Price)

A rarely available freehold mixed use investment with asset management potential and planning permission for extension and producing £159,240 per annum

About this property

Local information

  • Situated in the bustling heart of South Harrow, Northolt Road is a busy location with high foot traffic and excellent connectivity. This mixed use commercial and residential property is surrounded by a variety of retail shops, cafes, and essential services, making it convenient a destination for both shoppers and business owners.
  • Transport
  • The location is well-served by public transport, with South Harrow Underground Station just a short walk away, providing easy access to Central London and surrounding areas. The area has ample on-street parking and is in close proximity to major road networks.

Additional information

  • Held on 2 x Freehold titles with an unmerged leasehold title on the ground floor.
  • This mid terrace property comprises approximately 2,700 sq ft of ground floor commercial space and 1,300 sq ft of residential accommodation across two apartments. The ground floor retail units are occupied by 8 license holders and the upper floor accommodation has been comprehensively refurbished and let on ASTs.