Jones Lang Wootton - Retail - Harrow, 304/308 Station Road

Date: 12 Aug 1998

An in-house client of Jones Lang Wootton Fund Management has purchased 304/308 Station Road, Harrow for £l,210,000 showing a net initial yield of 7.73%.

The retail property comprises of ground floor, 3550 sq ft (329.8 sq m) and first floor accommodation 1,173 sq ft (108.97 sq m). The property has a lease term of 15 years from August 1994 with 5 yearly upwards only rents.

The rent is £98,000 equating to a Zone A rent of £52.50 psf on 1,817 sq ft (168.8 sq m).

Jones Lang Wootton Fund Mamgement acted for the purchaser. Phillips Roth & Co. acted for the vendor.

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