Call 0800 038 5996

Guide Price: £1,650,000.00

Traditional Auction

259 261 Northolt Road , , Harrow , HA2 8HS

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CURRENT BID*

£1,640,000.00

(Place a bid)

AUCTION CLOSED

Lot Number: 56307137

Property ID: 76926039

Whoobid Auctioneers

djacobs@whoobid.co.uk

01202 137200

The minimum current bid is £1,640,500.00

Fees Apply

Automatic maximum bid £ (only bid in increments of £500)

£

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Guide Price

£1,650,000.00

Method of Auction

Traditional

Property Type

Commercial

Number Of Beds

5+

Tenure

Freehold Property

Address

259-261 Northolt Road

Key Features

• Commercial & Residential Investment Opportunity
• Residential Development Potential
• Ground Floor Commercial Premises – Approx 3369.1 sqft
• Double Fronted Shop Split Into 10 Individual Units
• 2 First Floor Residential Flats – 1x 2 Bedroom & 1x 3 Bedroom – Both Vacant
• Planning Permission Granted 26/01/2022 For Changes to Existing Flats - Planning Application P/0252/22
• Currently Producing £114,000pa
• Buyers Fee Applies
• Auction Pack Available On Request

Description

For sale by online auction is this freehold commercial & residential investment opportunity located on a busy high street in Harrow.

The ground floor double fronted shop is currently split into 10 individual units in an ‘arcade’ like set up. All of the units are let out on License to Occupy basis:

Unit 1 - Courier service - £9000pa - Currently occupied by the vendor which will be part of the transaction. The vendor has let out desk space to Management Accountant which will NOT be part of the transaction as the vendor will be entitled to let the desk space to whoever they wish and whatever rent they wish to charge.

Unit 2 (and the storage in the rear yard) - Bubble Tea - £18,000pa

Unit 3 - Sri Lankan jewellers - £9000pa

Unit 4 - Nepalese Jewellers - £15,600pa

Unit 5 & 6 - Mobile repairs, travel goods - £25,200pa

Unit 7 – Money service provider - £13,200pa

Unit 8 - Hair salon - £12,000pa

Unit 9 - Hair and Beauty Salon - £12,000pa

Unit 10 - Currently vacant - Previously producing £10,800pa

Total ground floor commercial income £114,000pa

Traditional Terms and Conditions

This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE. Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the 'legal pack', if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.

Property Brochure

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Property Auction Pack

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EPC

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Floor Plan

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**These particulars are produced by the advertising agent and not
verified by Whoobid, they are believed to be correct but their accuracy
cannot be guaranteed and they do not constitute an offer or form part of
any contract.**

Map Location

Property Location

Address: HA2 8HS

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Agent's Information

Name: Whoobid Auctioneers

Address: LONDON, Dorset, EC1V 2NX

Telephone Number: 01202 137200

Email: djacobs@whoobid.co.uk

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