Summary - ROYAL MAIL HARROW POSTAL DELIVERY OFFICE, ELMGROVE ROAD HA1 2ED
1 bed 1 bath Land
Spacious redevelopment plot near major transport links with immediate rental income.
Freehold 0.31 ha (0.76 acre) site with large warehouse footprint (23,012 sq ft).|Income in place: £168,000 pa from five‑year lease started May 2024.|Warehouse extends to approx. 2,138 sq m (GIA) across two storeys.|Good transport: 0.7 miles to Harrow & Wealdstone, direct Central London links.|Redevelopment potential subject to planning; suitable for various alternative uses STC.|Only five years remaining on lease — lenders may refuse mortgage finance.|Located in a deprived area with very high local crime; factor into reuse plans.|Situated at rear of cul‑de‑sac; large plot offers flexible layout and parking options.
A substantial 0.31 hectare (0.76 acre) freehold plot with a mid‑20th century two‑storey warehouse currently producing £168,000 pa on a five‑year lease that began May 2024. The building extends to approximately 2,138 sq m (23,012 sq ft) GIA and sits at the end of a cul‑de‑sac in Elmgrove Road, close to Harrow & Wealdstone and Harrow on the Hill stations.
This is a clear acquisition for an investor or developer seeking a site with immediate income and near‑term redevelopment potential, subject to consents. Excellent road and rail links (including Bakerloo Line services into Central London) support a range of commercial or alternative‑use schemes, subject to planning.
Key negatives are material and factual: the current lease term is only five years with no breaks, which may deter mortgage lenders and limits short‑term redevelopment control. The surrounding area is classified as deprived with very high local crime statistics, factors to consider for occupational or residential conversion schemes.
Overall, the site offers a large footprint, strong connectivity and immediate rental return. Buyers should factor in lease expiry timing, planning constraints, and area socio‑economic challenges when assessing value and exit strategy.
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