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307-309 Rayners Ln 1,604 SF 35% Leased Retail Building Pinner HA5 5EH $1,074,099 ($669.64/SF)
INVESTMENT HIGHLIGHTS
- Split Level Lower Ground Floor - Vacant.
- Development potential to rear & uppers STPP.
- 4 Storey Building.
- Split Level First & Second Floor Flat - Vacant
- Ground floor let to newsagents.
EXECUTIVE SUMMARY
Income Producing Freehold Shop & Uppers – For Sale.
The property comprises a mid-terraced freehold shop & uppers situated in a prominent position in Rayners Lane. The building comprises of four storeys, with a double-height lower ground floor, ground floor retail unit and split-level residential apartment. The lower ground floor is accessed via a service road off of Village Way, East whilst the retail unit and residential upper parts can be accessed from the front of the property via their self-dedicated entrances.
309 Rayners Lane (Ground Floor Shop) let from 25.02.2014 to expire on 24.02.2034 current passing rent is £21,500.00 per annum exclusive. A copy of the tenant's lease is available upon request.
309A Rayners Lane (Lower Ground Floor) will be sold with vacant possession.
307 Rayners Lane (Residential) will be sold with vacant possession.
The property comprises a mid-terraced freehold shop & uppers situated in a prominent position in Rayners Lane. The building comprises of four storeys, with a double-height lower ground floor, ground floor retail unit and split-level residential apartment. The lower ground floor is accessed via a service road off of Village Way, East whilst the retail unit and residential upper parts can be accessed from the front of the property via their self-dedicated entrances.
309 Rayners Lane (Ground Floor Shop) let from 25.02.2014 to expire on 24.02.2034 current passing rent is £21,500.00 per annum exclusive. A copy of the tenant's lease is available upon request.
309A Rayners Lane (Lower Ground Floor) will be sold with vacant possession.
307 Rayners Lane (Residential) will be sold with vacant possession.
PROPERTY FACTS Sale Pending
Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,604 SF
Year Built
1952
Price
$1,074,099
Price Per SF
$669.64
Percent Leased
35%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.49
Lot Size
0.07 AC
Frontage
15’ on Rayners Ln
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307-309 Rayners Ln
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