COMMERCIAL
Harrow Road, Wembley, Greater London, HA9 6DN
Guide Price
£1,250,000
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Commercial Freehold Investment Property
- Current Annual Rental Income of £67,200
- Gross Yield of 5.4%
- EPC Ratings of C - D
- 2 x 2 Bedroom Flats
- 1 x 3 Bedroom Flat
- Ground Floor Commercial Premises
- Fully Let
- Superb Location Close to Wembley Stadium Station
Description
Properties like this do not come to the market often and this one offers the chance to purchase a reliable rental investment.
This property is being sold as a freehold investment with three flats let on Assured shorthold tenancy agreements and the ground floor shop has a lease with a current sublease running.
The loft which forms part of 151B, the second-floor flat, has not been developed and offers the potential to extend into the loft to create another floor, subject to planning permission and building regulation consents.
The property has recently undergone a large external refurbishment by the current owner and the flats are maintained in good modern order throughout, making this a great addition to any investment portfolio.
Schedule of Tenancies
151 - Ground floor shop unit - Rent; £13,200 per annum. Currently let to a Jeweller on a sublease, due to expire 30/06/2024. Head Lease from 16/07/2018 - 17/07/2033 (Rent Review pending 01/01/2023 and then next rent review is 01/01/2028).
151A - Three bedroom first floor flat - Rent: £1,800 per month = £21,600 per annum (Tenancy renewal 19/11/2024)
151B - Two bedroom second floor flat with loft - Rent: £1,425 per month = £17,100 (Tenancy renewal 04/07/2024)
151C - Ground floor two bedroom flat - Rent: £1,400 per month = £16,800 per annum (Tenancy renewal 23/07/2024)
Current Annual Income: £68,700
EPC's
Shop: C
151A: D
151B: D
151C: D
Council Tax & Business Rates
151 Shop - Rateable Value £8,500
151A - C
151B - B
151C - B
Please contact us to arrange a viewing of the full premises.
Disclaimer
Grey & Co is the seller's agent for this property. We always obtain detailed information from the seller to ensure the information provided is as accurate as possible; however, your legal representative is legally responsible for ensuring any purchase agreement fully protects your interests. Please inform us if you become aware of any information being inaccurate.
Grey & Co have not tested any apparatus, equipment, fixtures, fittings or services. It is the responsibility of prospective purchasers to check the working condition of these items.
To comply with anti-money-laundering regulations, buyers will be asked to provide proof of ID and proof of address, as well as proof of funds and there is a charge of £25.00 per buyer or beneficial owner for anti-money laundering checks, which is payable once an offer has been accepted.
Grey & Co also offer a Lettings and Property Management Service. If you are considering renting your property, are looking at buy-to-let, or would like a free review of your current portfolio, then please call us on the number shown above. We are accredited by the UK's leading professional body Propertymark ARLA/NAEA.
Brochures
Brochure 1Harrow Road, Wembley, Greater London, HA9 6DN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Stonebridge Park Station0.3 miles
- Wembley Stadium Station0.5 miles
- Wembley Central Station0.8 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference GRY_GRY_LFSYCL_254_402238542. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Grey & Co, Wembley. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.