Mili’s Shopping Mall, 259-261 Northolt Road, South Harrow, Harrow, HA2 8HS

Location

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.

Viewing

Strictly by prior appointment via sole selling agents Chamberlain Commercial.
Contact 020 8429 6899

Energy Rating

Energy Rating C.

Business Rates

The individual retail units are generally exempt from business rates through small business relief.

Summary

Key points

• Mixed Use Investment
• 10 x Retail Kiosks
• 2 x First Floor Flats
• Net Rent Approx £133,000 per annum
• Scope for Active Asset Management

Contact

Chamberlain Commercial
Tel: 07817 077077
Tony Chamberlain
tony@chamberlaincommercial.com
www.chamberlaincommercial.com

EPC