Ashton Fox Commercial are delighted to offer a lucrative investment opportunity to
acquire the freehold of an established medical centre located within the heart of a residential community in Stanmore, a suburb of northwest London.
Location
The Stanmore Medical Centre is situated on Crowshott Avenue, within the residential suburb of Stanmore, London Borough of Harrow, in northwest London. The area is well connected via the A4010 Honeypot Lane and A410 Uxbridge Road, served by many bus routes and the Canons Park Underground Station ( Jubilee Line) is 0.8 miles, a 17 min walk or a short bus ride from Honeypot Lane. The property lies close to Canons Park and is adjacent to Centenary Park.
Description
This is a detached, 1930s three-storey building of red brick construction, which has been extended and converted to suit a healthcare use. The property has a pitched, tiled roof and is double glazed with gas central heating and is maintained to a very good standard.
The property is fully furnished to accommodate an NHS GP practice, which has a Care Quality Commission rating of Good and forms part of the Harrow Integrated Care System.
Accommodation
The property comprises of :
o Ground Floor Reception
o Ground Floor Office, Kitchenette and Storeroom
o 10 Rooms for Consulting/Office and Private use
o Administration Areas
o Patient and Staff WCs
o Storage Rooms
Size
Ground Floor 1,405 sq ft (130.5 sqm)
First Floor 1,055 sq ft (98 sqm)
Second Floor 530 sq ft (49.24 sqm)
TOTAL Area 2,990sq ft (277.78 sqm)
Floor Plans available.
Parking
There is parking available at the front and rear of the site for up to 8 cars.
Sale Price
Seeking offers in excess of £1,000,000.
Investment type
This is a solid, low-maintenance investment opportunity backed by a strong public-sector covenant.
Rent and Lease Terms
• TENURE Freehold
• RENT Minimum Rent of £57,850 per annum or subject to any agreed increase subject to approval of the NHS Funder or District Valuer. Overdue rent review from 15th March 2025. Expectation of Rent to have increased to c.£69,000 since the last review.
• USE Healthcare Facility.
• TENANT Minimum of Two NHS GP Doctors as tenants on the New Lease at any time.
• TERM 10 to 15 years from completion / final NHS approval.
• RENT REVIEW With an upward only rent review every 3 years.
• REPAIRS Full Repairing and Insuring (f.r.and i.) Lease. To be confirmed by the NHS.
• OTHER Schedule of Condition to be annexed to the New Lease.
Availability and Viewing
Available immediately. Viewing to be arranged only through sole agents Ashton Fox Commercial.