A prominent property in Harrow, currently home to The Junction pub, has been listed for sale at a price of £5,500,000, raising concerns among locals about the future of one of the borough’s most popular boozers.
The site, located at the Lyon Road and Gayton Road junction, is presented as a ‘exceptional development opportunity’, with ‘a strong foundation for future residential or mixed- use development, making it a rare find in this rapidly evolving neighborhood.’
The property is currently occupied by Mitchells & Butlers, one of the UK’s leading operators of restaurants and pubs, with a lease that still has seven years remaining. The pub’s operators have assured their customers that the sale will not affect the business in the short or medium term.
The property is under-rented at £90,000 per year, offering potential for rental growth, which could attract investors looking to benefit from the site’s redevelopment possibilities.
The land is held on a freehold basis and is situated in a well-connected part of Harrow, just 10 miles from Central London, that could potentially provide an attractive opportunity for development.
The news of the sale has sparked discussions in the local community on the Harrow Online Group on Facebook, as The Junction remains a popular venue for both residents and visitors to the area.
A spokesperson for The Junction, said: “We are aware that the owner of the land and building that we lease from has it on the market but we do not expect any change in circumstances in the short to medium term and are still welcoming guests as usual so come and see us!”
Chris Mitchell is the founder and editor of Harrow Online, Harrow’s leading local news platform.
He launched Harrow Online in 2010 as a Facebook page sharing local news and information. Since then, it has grown into a trusted source for breaking news, crime, council decisions, planning, transport, business and community stories across the borough.
Harrow Online reaches hundreds of thousands of readers each month and has a social media audience of more than 200,000 followers.
For news tips, press releases or enquiries, contact Chris at info@harrowonline.org.
