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Prime Greater London Bank Investment Opportunity<br />
56-58 St Anns Road, Harrow, Middlesex HA1 1JX<br />
Leased to the Bank of Scotland Plc for a further 13.75 years
56-58 St Anns Road, Harrow, Middlesex HA1 1JX<br />
0<br />
Harrow<br />
GREENHILL WAY<br />
Investment Considerations<br />
RYMAN<br />
NER<br />
VACANT<br />
8<br />
4 15<br />
■■<br />
Harrow is an affluent and well established retail<br />
location to the north west of Central London<br />
with a population of approximately 240,000<br />
■■<br />
Prominent mid terraced building on<br />
the prime retail pitch of St Anns Road<br />
■■<br />
Situated directly opposite the entrance<br />
to St Anns Shopping Centre<br />
■■<br />
Freehold<br />
■■<br />
Let to Bank of Scotland Plc until<br />
21 May 2026, thus providing a<br />
further 13.75 years of future income<br />
■■<br />
Current Passing Rent of £190,000 per annum<br />
■■<br />
Offers are sought in excess of £3,000,000<br />
(Three million pounds) subject to contract<br />
and exclusive of VAT. A purchase at this<br />
level would reflect a net initial yield of<br />
approximately 6% after purchaser’s<br />
costs of 5.8%.<br />
MISS PRODIGY<br />
LADIES & MENS WEAR<br />
LADIES WEAR<br />
HYPE<br />
7<br />
LA SENZA<br />
LINGERIE<br />
16<br />
OPTICIAN<br />
VISION EXPRESS<br />
STARBUCKS<br />
CLOTHING<br />
PURE PARTY<br />
PARTY GOODS<br />
H & M<br />
6 4 - 5<br />
COFFEE SHOP<br />
OFFICE<br />
LADIES WEAR<br />
TONI & GUY<br />
HAIRDRESSING<br />
KRISP<br />
3<br />
19 20<br />
T-MOBILE<br />
TELEPHONES<br />
FRAGRANCE<br />
SHOP<br />
HLTH&BEA<br />
Retailing in Harrow<br />
CLOTHING<br />
The Prime retail pitch in Harrow is<br />
centred around the pedestrianised<br />
St Anns Road from which the<br />
St Anns Shopping Centre and the<br />
St George’s Shopping Centre are<br />
accessed. Next, Dorothy Perkins,<br />
Argos, Poundland and numerous<br />
High Street banks are all<br />
represented on St Anns Street.<br />
The St Anns Shopping Centre is<br />
situated to the south of St Anns<br />
Street and comprises over 40 retail<br />
H&M<br />
1 - 2<br />
KIOSK E 21<br />
EORGES SHOPPING CENTRE<br />
ENTRANCE<br />
17 18<br />
QUEENS<br />
HOUSE<br />
KYMBERLEY<br />
L ACCESS<br />
KINGS HOUSE<br />
ACCESSORIZE<br />
MONSOON<br />
LADIES WEAR<br />
22<br />
JOBCENTRE PLUS<br />
CLARENDON ROAD<br />
ROYAL OAK<br />
PUBLIC HOUSE<br />
59<br />
CARPHONE<br />
WAREHOUSE<br />
TELEPHONES<br />
86<br />
57<br />
ARGOS<br />
CATALOGUE SHOWROOM<br />
OMG!<br />
LADIES & MENS WEAR<br />
THE BODY SHOP<br />
HEALTH & BEAUTY<br />
LLOYDS TSB<br />
BANK<br />
WEST ONE<br />
LADIES WEAR<br />
CONNEXIONS<br />
ADVICE CENTRE<br />
DOROTHY PERKINS<br />
LADIES WEAR<br />
EVANS<br />
LADIES WEAR<br />
BHS<br />
VARIETY STORE<br />
(2 RETAIL FLOORS)<br />
&<br />
units (approximately 285,000 sq ft)<br />
in addition to a 940 space car park.<br />
Current occupiers include Primark, Bhs,<br />
M&S, Topshop, Caffe Nero and Boots.<br />
The St George’s Shopping Centre<br />
lies to the western end of St Anns<br />
Street and comprises over 30 retail<br />
units and a 650 space car park.<br />
Tenants represented in this centre<br />
include H&M, TK Maxx, Boots,<br />
Starbucks, Accessorize, Monsoon<br />
and Vue Cinema.<br />
P<br />
JD<br />
SPORTS GOODS<br />
WHSMITH<br />
NEWSAGENT & BOOKS<br />
WC<br />
PRIMARK<br />
BEING FITTED OUT<br />
SANTANDER<br />
BANK<br />
84 82<br />
76 - 80 72 - 74 60 - 62<br />
55<br />
SERVICE<br />
AREA<br />
SERVICE YARD<br />
MOTHERCARE<br />
C/WR & NURS GDS<br />
&<br />
EARLY LEARNING CENTRE<br />
TOYS & GAMES<br />
(2 RETAIL FLOORS)<br />
51<br />
&<br />
(940) (ACTUAL)<br />
OVER<br />
68 - 70<br />
LIFTS<br />
64 - 66<br />
JESSOPS<br />
PHOTO GOODS<br />
ANN SUMMERS<br />
LINGERIE<br />
ERNEST JONES<br />
JEWELLER<br />
PHONES 4U<br />
TELEPHONES<br />
DR & HERBS<br />
NATUR THPY<br />
CROMO FOOTWEAR<br />
SHOES<br />
HOLLAND<br />
& BARRETT<br />
HEALTH FOOD<br />
H SAMUEL<br />
JEWELLER<br />
WATERSTONE`S<br />
18<br />
18A<br />
21<br />
ST ANNS SHOPPING CENTRE<br />
20<br />
14<br />
16 12<br />
PERFUME<br />
SHOP<br />
HLTH&BEA<br />
MILLIE`S COOKIES<br />
CONF<br />
& BIS<br />
ESC<br />
BOOKS<br />
(2 RETAIL FLOORS)<br />
1<br />
2<br />
5<br />
6<br />
7<br />
8<br />
FUJI<br />
JUICE<br />
BAR<br />
3 - 4<br />
TIGER<br />
HALIFAX<br />
BANK<br />
56 - 58<br />
RIVER ISLAND<br />
CLAIRE`S<br />
CURRYS.DIGITAL<br />
VARIETY STORE<br />
WALLIS<br />
LADIES WEAR<br />
CLARKS<br />
SHOES<br />
SHOE ZONE<br />
BOOTS<br />
CHEMIST<br />
NEXT<br />
LADIES & MENS WEAR<br />
LADIES ACCESSORIES<br />
HOME ENT<br />
TOPSHOP<br />
LADIES WEAR<br />
LADIES & MENS WEAR<br />
(2 RETAIL FLOORS)<br />
50 - 54<br />
VODAFONE<br />
TELEPHONES<br />
35 - 37<br />
CLINTON CARDS<br />
48<br />
ST ANNS ROAD<br />
(2 RETAIL FLOORS)<br />
CARDS & GIFTS<br />
BARRATTS<br />
46<br />
ORANGE<br />
SHOES<br />
3 STORE<br />
TELEPHONES<br />
ST ANNS KEYCUT<br />
& SHOE REP<br />
33<br />
TELEPHONES<br />
44A<br />
BLUE INC<br />
MENS WEAR<br />
42 - 44<br />
31<br />
MARKS & SPENCER<br />
VARIETY STORE<br />
(2 RETAIL FLOORS)<br />
POUNDLAND<br />
DISCOUNT STORE<br />
SERVICE AREA<br />
SPORTS WORLD<br />
SPORTS GOODS<br />
(2 RETAIL FLOORS)<br />
BRITISH BOOKSHOPS<br />
SUSSEX STATIONERS<br />
36<br />
27<br />
CAFFE NERO<br />
COFFEE SHOP<br />
FOOTLOCKER<br />
SPORTS GOODS<br />
38 - 40 34<br />
ST ANNS SHOPPING CENTRE<br />
ENT<br />
38 - 44<br />
29<br />
© Crown Copyright, ES 100004106.<br />
For identification purposes only.<br />
CARD FACTORY<br />
LINENS DIRECT<br />
HOUSEHOLD TEXTILES<br />
C<br />
32<br />
23 - 25<br />
SERVICE<br />
45 metre
Drury Rd<br />
ARDS & GIFTS<br />
FITZ<br />
BOOTS<br />
MOSS<br />
OPTICIAN<br />
30<br />
21<br />
MENS WEAR<br />
AREA<br />
s<br />
HEALTH CLUB<br />
VACANT<br />
HSBC<br />
19<br />
HARRY`S<br />
Location<br />
The London Borough of Harrow with a population of approximately<br />
240,000 is a major commercial and retail centre located approximately<br />
11 miles north west of central London, 8 miles south east of Watford<br />
and 3 miles north of Wembley.<br />
Road communications are excellent being located on the A404 and<br />
with easy access to the motorway network. The M25 (junction 18)<br />
and M1 (junction 5) are approximately 11 miles to the northwest.<br />
In addition, the area benefits from regular rail and underground<br />
services to Central London via both Harrow on the Hill and Harrow<br />
and Wealdstone with a fastest journey time of 14 minutes.<br />
BANK<br />
26 - 28<br />
Situation<br />
The property is prominently located on the northern side of<br />
St Anns Road, the town’s prime retailing thoroughfare, opposite<br />
the main entrances to St Anns Shopping Centre. Other multiple<br />
retailers within the immediate vicinity include BHS, Marks & Spencer,<br />
River Island, Next and New Look.<br />
17<br />
ENTRANCE<br />
Description<br />
CAFE<br />
The property is arranged over ground and three upper floors totalling<br />
7,769 sq ft (721.74 sq m). We understand the property comprises<br />
the following approximate areas:<br />
Accommodation<br />
Floor sq m sq ft<br />
GF Sales 213.86 2,302<br />
Kingsfield Ave<br />
ITZA 117.05 1,260<br />
First floor offices 191.84 2,065<br />
Second floor offices 190.20 2,048<br />
Third floor storage 125.79 1,354<br />
Total 721.76 7,769<br />
A404 Pinner Rd A404<br />
West<br />
Harrow<br />
The Gardens<br />
West Harrow<br />
Recreation<br />
Ground<br />
Pinner View<br />
Whitmore Rd<br />
Vaughan Rd<br />
Pinner View<br />
A5<br />
M11<br />
A505<br />
M1<br />
Stevenage<br />
A131<br />
A418<br />
Dunstable<br />
A120<br />
Stansted<br />
Luton<br />
A5<br />
Luton<br />
A1(M)<br />
Bishop’s<br />
A120<br />
A120<br />
A120<br />
Knebworth<br />
A10 Stortford<br />
A418<br />
A602<br />
A5 M1<br />
A1(M)<br />
M11<br />
A131<br />
A130<br />
Aylesbury<br />
Welwyn Garden<br />
A41<br />
A10<br />
City Hertford<br />
A12<br />
A1(M) A414<br />
A414<br />
M11<br />
M1<br />
A130<br />
A41 Hemel<br />
Harlow<br />
A12<br />
Hempstead St Albans Hatfield<br />
A4010<br />
M10<br />
Chelmsford A138<br />
A41<br />
A414<br />
J21<br />
A1(M)<br />
A10<br />
A414<br />
A414<br />
M25<br />
M11<br />
Potters Bar<br />
Epping Chipping<br />
J20<br />
M1<br />
J23 M25<br />
Ongar<br />
A12<br />
J19<br />
J25<br />
A130<br />
A404<br />
M25 J27<br />
A4010<br />
Borehamwood<br />
M25<br />
Watford<br />
A1 Enfield<br />
High Rickmansworth<br />
M1<br />
A10<br />
M11<br />
M25<br />
A12<br />
A355<br />
M40 Wycombe<br />
South<br />
Billericay<br />
A130<br />
A413<br />
Brentwood<br />
Oxney<br />
J28<br />
Wickford<br />
M40<br />
M25<br />
M1<br />
Harefield<br />
A12<br />
HARROW<br />
M25<br />
Brent<br />
A12<br />
A127<br />
M40 Ruislip<br />
Cross<br />
J29<br />
Romford<br />
Basildon A130<br />
A404<br />
J16<br />
A10<br />
A12<br />
A40 Wembely<br />
Benfleet<br />
Uxbridge<br />
Southend-on-Sea<br />
A40<br />
A13<br />
M25<br />
Slough<br />
Stanford-le-Hope Canvey<br />
A13<br />
A13<br />
M25<br />
LONDON<br />
Island<br />
M4<br />
A13<br />
J15 M4<br />
M4<br />
Fulham<br />
Windsor<br />
Hounslow<br />
A2<br />
M4<br />
M25 Heathrow Richmond Clapham<br />
A20<br />
Dartford<br />
A316<br />
A2<br />
Staines<br />
M25 Gravesend<br />
Sheerness<br />
Ashford Kingston<br />
J2<br />
A2<br />
Upon Thames<br />
A20<br />
Bromley<br />
A2<br />
J12 M3<br />
A309<br />
A23<br />
Swanley<br />
A3<br />
A322<br />
J3<br />
Rochester Gillingham<br />
M3<br />
A24<br />
Weybridge<br />
Croydon<br />
A232<br />
A232<br />
M2<br />
M25<br />
Sutton<br />
A3<br />
A21 M25<br />
M20<br />
Epsom A217<br />
Sittingbourne<br />
M3<br />
Shoreham<br />
Snodland M2<br />
J10<br />
Woking<br />
A24<br />
M25<br />
A23 Biggin Hill<br />
A22<br />
J9<br />
J5<br />
M26<br />
M20<br />
A3<br />
A217<br />
Sevenoaks<br />
A229<br />
A26<br />
A331<br />
M25<br />
M25<br />
Maidstone M20<br />
A24<br />
J8 J7 J6<br />
A21<br />
Oxted<br />
A3 Guildford<br />
Reigate M23<br />
A31<br />
Dorking Redhill<br />
A22<br />
A229<br />
A26<br />
A31<br />
A24<br />
A21<br />
Tonbridge<br />
M23<br />
A3<br />
Horley<br />
Paddock<br />
Royal<br />
A22<br />
Wood Staplehurst<br />
Gatwick<br />
A21<br />
Tunbridge<br />
A264<br />
Wells A26<br />
A229<br />
A24<br />
A3<br />
Crawley Three Bridges<br />
M23<br />
North A264<br />
East Grinstead<br />
A21<br />
A26<br />
Horsham<br />
A22<br />
A3<br />
A229<br />
Horsham<br />
A23<br />
A26<br />
Tenure<br />
A21<br />
A24<br />
Cunningham Park<br />
Vaughan Rd<br />
Treve Ave Lascelles Ave<br />
Whitmore R<br />
Harrow<br />
Recreation<br />
Ground<br />
A404 Pinner Rd<br />
A404<br />
A312 Bessborough Rd<br />
Marlborough Hill<br />
Harrow View<br />
A312<br />
Junction Rd<br />
Headstone Rd<br />
Hindes Rd<br />
A4005<br />
A404<br />
A24<br />
Welldo n Cres cent<br />
Greenhill Way<br />
St George<br />
Shopping Centre<br />
Kymberley<br />
College Rd<br />
Lowlands Rd<br />
Rd<br />
Whitehall Rd<br />
A23<br />
Crescent<br />
Welldon<br />
St Ann’s Rd<br />
St Ann’s<br />
Shopping<br />
Centre<br />
Harrow-on-the-Hill<br />
Haywards<br />
Heath<br />
Burgess Hill<br />
The Grove<br />
Open Space<br />
Greenhill Rd<br />
Havelock Pl<br />
Harrow<br />
College<br />
Tesco<br />
Hindes Rd<br />
Greenhill Way<br />
Peterborough<br />
Station Rd<br />
Rd<br />
A22<br />
A22<br />
A409<br />
A4005<br />
Station Rd A409<br />
Station Rd<br />
Bannersfield Ln<br />
Gayton Rd<br />
A404 Tyburn Ln A404<br />
Elmgrove Rd<br />
A409 Sheepcote Rd A409<br />
Kenton Rd<br />
Northwick Park Rd<br />
A404<br />
Harrow Hill<br />
Golf Course<br />
Northwick Park Roundabout<br />
Freehold<br />
Gayton Rd<br />
A404<br />
Watford Rd<br />
Francis Rd<br />
Tenancy<br />
The entire property is let to Bank of Scotland Plc on a 20 year full<br />
repairing & insuring lease from 22 May 2006 (expiring 21 May 2026),<br />
subject to 5 yearly upward only rent reviews. The current passing rent<br />
is £190,000 per annum, which equates to £120 psf Zone A, with the<br />
next review on 22 May 2016.<br />
Covenant<br />
Halifax is a banking chain and a division of Bank of Scotland. It is the<br />
UK’s largest provider of residential mortgages and savings accounts.<br />
In January 2009 Bank of Scotland, including Halifax, formally became<br />
a wholly owned subsidiary of Lloyds Banking Group. They now form the<br />
largest retail bank in the UK, with a 43.4% Treasury ownership in the<br />
Group. For the year ending 31 December 2012, Bank of Scotland PLC<br />
Gayton Sports<br />
Ground reported a net worth of £17.943 bn.<br />
Crofts Rd<br />
VAT<br />
Kenton Rd<br />
The University property of has not been elected for VAT purposes and<br />
Westminster<br />
therefore VAT will not be payable upon the purchase price.<br />
Northwick<br />
Park<br />
Hospital
56-58 St Anns Road, Harrow, Middlesex HA1 1JX<br />
Proposal<br />
Offers are sought in excess of<br />
£3,000,000 (Three million pounds)<br />
subject to contract and exclusive<br />
of VAT. A purchase at this level<br />
would reflect a net initial yield of<br />
approximately 6% after purchaser’s<br />
costs of 5.8%.<br />
For further information or to make arrangements for viewing please contact:<br />
William Dalton<br />
020 7543 6707<br />
william.dalton@allsop.co.uk<br />
Scott Tyler<br />
020 7543 6719<br />
scott.tyler@allsop.co.uk<br />
Tom Dixon<br />
020 7079 2052<br />
tdixon@phillipsroth.co.uk<br />
Adam Sherling<br />
020 7079 2053<br />
asherling@phillipsroth.co.uk<br />
www.allsop.co.uk<br />
Misrepresentation Act: 1. <strong>Allsop</strong> and Phillips Roth & Co on its own behalf and on behalf of the vendor/lessor of this property whose agent <strong>Allsop</strong> and Phillips Roth & Co is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained<br />
in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither <strong>Allsop</strong> or Phillips Roth & Co nor any of their members or any person in its employment has any authority to make or give, any representation or warranty whatsoever<br />
in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective<br />
purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where<br />
appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. <strong>Allsop</strong> is the trading name of <strong>Allsop</strong> LLP. Phillips Roth & Co is the trading name of Phillips Roth & Co Ltd. 08.12
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