The current economic situation, pandemic, and online shopping have all had major effects on our high streets. Sadly a number of businesses have had to cease trading or downsize. It means lots of commercial properties are now vacant. But, they could be a great chance for investment. As one of the top experts at guaranteed rent in Harrow, we want to have a look at some of these opportunities in the local area.
Taking a quick walk around the town centre, you will find plenty of empty retail outlets. Some have been vacant for years while others have only recently come on the market. Many of them have excellent potential for new use, even if there is a change in it.
The Landmark
Harrow’s department store had to close its doors on January 8th. The Landmark first opened in November 2021. It took over the former Debenham’s store following the chain’s collapse. The shop had been a mainstay of the area for over three decades.
The future of this six-storey structure isn’t exactly clear at the moment. However, 400 to 25,000 sq ft of part of the building is now on sale. Warespace is providing business and storage space on one of the building’s floors. They are a warehouse rental establishment that provides commercial space solutions for personal trainers, storage, offices, charities, artisan manufacturing, e-commerce, and anyone needing low-cost business space on flexible monthly arrangements. It will be interesting to see what happens with the rest of the building, but there are good opportunities for an iconic property.
Other interesting buildings
As for other available commercial properties, there are plenty to speak of. Some have been empty for years. A noteworthy example would be the former Pizza Hut on Station Road. It is available for leasing on a two-year agreement. The asking rent price is £45,000 per annum plus VAT. It is a structure that is in an appropriate location for gym use, leisure, medical, offices, and retail. Come to us if you need the finest services for guaranteed rent Harrow has.
Next, we have 38-44 St Ann’s Road. Next to the former Poundland, it provides 2,900 sq ft of space. Additionally, there is an exterior terrace for an extra 2,500 sq ft. The unit comes with its own ground floor entrance that has huge signage space. It has an entrance lobby equipped with a private lift as well as stairs to the 2nd floor. At present, it is arranged as offices but comes with E class planning consent. It could lend itself to a medical centre, gym, lounge, members club, or restaurant. A planning application has been put forward that would add extra floors and build over the roof terrace. The scope for residential conversion is also there.
Then there is the former Sports Direct at 36 St Ann’s Road. It closed because there is another shop mere minutes away in St Ann’s Shopping Centre. Referred to as a “prime lock-up retail unit”, it possesses ground floor space of 1,746 sq ft. There is rear loading access via Greenhill Way.
The last spot we will go over is 351-353 Station Road. In the past it was an eLEREP electronics store. It faces onto both College Road and Station Road. The listing says it has a ground floor that has a total area of 1,750 sq ft. Out of all this space, 1,250 sq ft of it is retail.
Work with our team for guaranteed rent in Harrow
At Guaranteed Rent, we provide clients with an all-in-one solution for their property requirements. Thanks to the schemes with local councils, a single service can attend to everything from maintenance and management to tenancies. It couldn’t be easier and you get guarantees that you will never miss out on rental income.
So, if you’d like to use the foremost services for guaranteed rent Harrow has, give us a call. We can speak to you about the options in terms of the period and how you can benefit.
