Shop for sale

Vacant Former Optician & Flat, Wembley, Greater London


Guide price
£750,000
1,484 ft²

Description

Status: Available
Type: Medical Residential Retail - other
Tenure: Freehold
Area: 1484 sq ft
Gross Rent: £ 14,400
Lease Term: 5 yrs from Jul' 17
Years left on Lease: 2.1
VAT applicable: No

Features

* £500k - £1m
* Asset management / development opportunity
* Finance available
* Freehold
* No VAT applicable
* Residential element
* Tenant Multiple
* Vacant
* Value-Add Potential
* Whole Building

Property Description

This property is for sale in online auction on 21st May. View the catalogue entry here.

Freehold Retail and Residential Investment.

* The property comprises ground floor retail accommodation, basement storage accommodation and a studio flat on the first floor.
* The property benefits from rear access and parking at the rear.

Location

* The property is prominently situated in the popular and affluent North West London Borough of Wembley.
* It is on the west side of the busy Ealing Road (A4089), approximately 150 metres from Wembley Central Station and less than a mile from Wembley Stadium. 8 miles north-west of Central London.
* Neighbouring occupiers include Coral, Lloyds Bank, HSBC and an eclectic mix of local retailers.
Occupiers close by include Tesco Express, Co-Op, Post Office & Dreams amongst many local shops, restaurants and takeaways.

Tenancy

* Ground floor (557 sq ft) available with vacant possession
* Basement (650 sq ft) let to an individual for 5 years from 01/07/2017 for £4,800 p.a. (inclusive of insurance)
* Studio Flat (277 sq ft) let on a 1 year AST from 01/10/2019 for £9,600 p.a

Additional Information

* The property may be suitable for residential development (subject to consents).

Categories

ShopsHigh Street Retail PropertyMixed Use PropertyInvestment PropertyCommercial Properties
Call