Dry Cleaner & Vacant Flat, Wembley, Greater London
The Broadway, Forty Avenue, Wembley, London HA9 8JTBasic Facts
| Property ID: 11723 | Post Updated: 2020-06-08 16:13:21 |
| Status: Sold | Tenure: Freehold |
| Area: 995 sq ft | Gross Rent: £ 10,000 |
| Gross Yield %: 3.4 | Lease Term: 10 yrs from Jul' 19 |
| Lease Term Expiry Date: 24/07/29 | Years left on Lease: 5.2 |
| VAT applicable: No |
Property Description
- Freehold Retail Investment with development potential in Greater London.
- The property comprises a ground floor shop 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 2 flats.
Features
Finance available
Freehold
Residential element
Under £500k
