Summary -
380a Northolt Road,HARROW,HA2 8ES
HA2 8ES
1 bed 1 bath Mixed Use
**Standout Features:**
- **Mixed-Use Potential:** Ground floor commercial unit of 2,500 sq ft and three self-contained 2-bedroom maisonettes.
- **Investment Income:** Currently let residential units generating £51,600 p.a.; commercial unit previously let at £27,000 p.a., with potential re-let of at least £40,000 p.a.
- **Attractive Yield:** Estimated gross yield of 7.6% based on market rentals.
- **Prime Location:** Situated on Northolt Road in South Harrow, just a 5-minute walk from the Underground station.
- **Solid Foundation:** Freehold property with off-street parking.
This substantial mixed-use property offers an exceptional investment opportunity in South Harrow, featuring a prominent triple-fronted commercial space and three spacious, split-level 2-bedroom maisonettes. The ground floor, previously tenanted, is currently vacant and holds the potential for a market rental of £40,000 p.a., boosting your income prospects. Fully let residential flats provide steady returns under AST agreements, generating £51,600 p.a., while advertising revenue also contributes a modest £450 annually.
Located within a vibrant and multicultural area, just minutes from the Underground, this property enjoys great visibility and accessibility amidst bustling shops and eateries. While the building needs some renovation to reach its full potential, the overall size and strategic location make it a versatile choice for investors or business owners seeking both residential and commercial advantage. Explore the possibilities of this unique freehold opportunity before it’s gone!
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