Acquired
London HA0 – Retail Shop
5 Court Parade, East Lane, Wembley, London HA0 3HYVirtual Freehold Retail Investment
Tenure
Leasehold
Lease Term
20 Years
Years Left on Lease
16y
Area
936 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Let until January 2041. No breaks.
- Rent reviews linked to RPI every 5 Years
- Comprises ground floor retail shop t/a office
- Newly refurbished to a high standard in 2021
- Located within 0.6 miles from Sudbury Hill and North Wembley Tube/Train Stations
- Occupiers nearby include pharmacy, restaurants and off-license, amongst others.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises newly refurbished ground floor premises, currently operating as an office, providing the following accommodation and dimensions:
Ground Floor: 87 sq m (936 sq ft)
Retail/Sales Area, 2 Rooms, Storage, Kitchenette, WC
Ground Floor: 87 sq m (936 sq ft)
Retail/Sales Area, 2 Rooms, Storage, Kitchenette, WC
Tenancy Description
The property is at present let to Individual for a term of 20 years from 21st January 2022 at a current rent of £20,000 per annum and the lease contains full repairing and insuring covenants. No breaks. Rent review linked to RPI every 5 years. Deposit held of £5,000.
Tenure:
Long Leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
Tenure:
Long Leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Unlike typical British high streets Wembley does not have a town centre network or pedestrianised high streets, with almost all commercial high street businesses along a 1000-yard stretch of road (High Road). Wembley lies very close to the A406 North Circular Road, with easy access to M1 and M25. The property is located within 0.6 miles from Sudbury Hill and North Wembley Tube/Train Stations. Occupiers nearby include pharmacy, estate agents, restaurant/takeaways and off-license shop, amongst others.
