Summary - 8, STATION PARADE, KENTON LANE HA3 8SB
1 bed 1 bath Retail Property (high street)
**Key Features:**
- Freehold retail property consisting of 3 mid-terraced shops and residential ground rent.
- Prominent location at 8-10 Station Parade, Harrow, surrounded by well-known retailers.
- Strong rental incomes: £18,000, £15,000, and £16,500 per annum with additional basement rental.
- Dedicated rear car park with potential for development (subject to planning permission).
- Long leasehold interests and a combined total space of 2,446 sq. ft.
This exceptional retail portfolio boasts three well-positioned shops in a bustling commercial hub in Harrow, just 11 miles from central London. With existing tenants, strong rental yields, and low local crime rates, it presents an attractive investment opportunity. The vibrant surroundings, including Tesco and Costa Coffee, promise consistent foot traffic, while the dedicated car park expands future possibilities for development or enhanced utilization. Each unit has a solid rental history with potential for further increases, making it a compelling choice for investors seeking both immediate income and long-term growth.
Despite its advantages, potential buyers should note the varying leasehold conditions, particularly at 9 Station Parade where the tenant has been holding over since 2014. With an overall market that continues to evolve, this property is an excellent opportunity for those looking to seize a stake in a thriving community while envisioning customization and improvements for the future. Act quickly—opportunities like this don’t last long in prime retail locations!
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