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Dry Cleaner & Vacant Flat, Wembley, Greater London



Offer in the region of: £ 400,000
The Broadway, Forty Avenue, Wembley, London HA9 8JT

Basic Facts

Status: Type: Tenure: Freehold Area: 995 sq ft
Gross Rent: £ 10,000 Gross Yield %: 3.4 Lease Term: 10 yrs from Jul' 19
Years left on Lease: 9.2 VAT applicable: No

Property Description

  • Freehold Retail Investment with development opportunity in Greater London.
  • The property comprises a ground floor shops, with residential accommodation on the first and second floors, separately accessed from the front.

Location Description

  • The property is located Popular and vibrant North West London suburb in Wembley, 9 miles north-west of Central London.
  • It is on a prominent corner position forming part of a parade, on the northern side of The Broadway, a small parade at the intersection of Preston Road and Forty Avenue (A4088).
  • The property is equidistant between North Wembley and Wembley Park tube stations.

Tenancy

  • Let to Global Ironing Ltd t/a Global Ironing for 10 years from 25/07/2019 Rent Reviews every 5th year FR& I for £10,000 p.a.

Additional Notes

  • The Landlord holds a 6 month rent deposit.
  • The first and second floors of the property have potential to be converted into a large maisonettes.

Tenancy & Accommodation Schedule

Click to view:: Dry Cleaner, Wembley

View on map / Neighborhood

This style property is located in is currently and has been listed on Prideview Group. This property is listed at £ 400,000. It has bedrooms, bathrooms, and is 995 sq ft. The property was built in year.

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