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Funeral Partners & Vacant Flat, Queensbury, Greater London



Guide Price: £ 650,000
185 Streatfield Road, Kenton, Harrow, London, HA3 9DA

Basic Facts

Brochure Link: Download Brochure Status: Type: Tenure: Freehold
Gross Rent: £ 24,000 Lease Term: 15 years from Jun '20 Years left on Lease: 16.1
VAT applicable: No

Property Description

This property is for sale in online auction on Thursday 21st May. View the listing here, and note you must pre-register to bid.

  • Freehold Medical and Residential Investment in Greater London
  • The property comprises an attractive mid terrace mixed use building, currently occupied as a Funeral Parlour on the ground floor and a vacant self-contained 4 room maisonette on the first and second floors.
  • The maisonette has a separate entrance form the rear.
  • The retail unit also benefits from rear access.

Location Description

  • The property is prominently situated on the north side of Streatfield road in a busy commercial neighbourhood with major occupiers including Londis, William Hill, Betfred, Haart Estate Agents and an eclectic mix of local commercial occupiers.
  • Kenton is a densely populated North West London surburb some 10 miles from London.
  • The surburb is located midway between Harrow and Edgware, each approx. 2.5 miles.
  • Queensbury Underground station (jubilee Line)is around 13 minutes walk.
  •  The property is 8 miles north West of London’s West End, 1.5 miles west of Edgware, 1.5 miles east of Harrow town centre, 3 miles north of Wembley.
  • Good access from roads via A4140, A406 North Circular Road, M1, M25 and near to airports (London Heathrow, London Luton and London Stanstead.

Tenancy

  • Ground floor unit is let to Funeral Partners Limited on a new 15 year FR&I lease until 2035 (no break) at passing rent of £24,000 p.a.
  • Fixed uplift to £26,000 p.a. in 2025 with further open market rent review in 2030.
  • Funeral Partners is the UK’s 3rd largest funeral director with over 200 branches.
  • For the year ending 30th September 2018 Funeral Partners Limited reported a Turnover of £40,250,000., pre tax profits of £4,196,000 and a Shareholder funds of £29,396,000 ( Source : Experian Smartsearch 28/04/2020).
  • The maisonette is offered with vacant possession.

Additional Notes

  • 6 week completion is available

View on map / Neighborhood

This style property is located in is currently and has been listed on Prideview Group. This property is listed at £ 650,000. It has bedrooms, bathrooms, and is . The property was built in year.

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