Available
London HA0 – Open Yard
Rear of 5 Court Parade, Wembley, London HA0 3HYFreehold Land with Future Development Potential
Price
£210,000
Rent P.A.
£12,600
Yield
6.00%
Tenure
Freehold
Lease Term
5 Years
Years Left on Lease
4y 1m
Area
936 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises open storage yard, currently used as a private car parking
- Future development potential for erection of residential dwelling/s or warehouse/light industrial unit, subject to obtaining the necessary consents
- Located within 0.6 miles from Sudbury Hill and North Wembley Tube/Train Stations
- Occupiers nearby include pharmacy, estate agents, takeaways, off-license shop and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises open storage yard currently used as a private car parking. The property is accessed directly from Wakeling Lane and provides future development potential for erection of residential dwelling/s or warehouse/light industrial unit, subject to planning.
Total area size: 87 sq m (936 sq ft)
Total area size: 87 sq m (936 sq ft)
Tenancy Description
The property is at present let to M One Motors Ltd (with personal guarantee) for a term of 5 Years from 25th December 2023 at a current rent of £12,600 p.a. and the lease contains full repairing and insuring covenants. Deposit held of £1,000.
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.
