020 8904 5040

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Tenanted Investment

Shop rental income £17,099 PA

Excellent location with good footfall

5.9% gross initial yield

Flat reversion 2099

Use class A1

EPC B 50

Recently refurbished by tenant to high standards

FREEHOLD Investment generating £17,249 per annum in rental income. Uppers sold off on long lease for a term of 99 years from the year 2000. The property is held on an annual license and is currently trading as a local European supermarket.
Asking price for the freehold is £290,000. The tenant for the shop is on a 1-year license rolling contract and is trading as a delicatessen.
Excellent investment opportunity to purchase a let freehold commercial property.

Description: Freehold Investment opportunity in Sudbury Town, Wembley for sale. The property comprises a freehold mid terraced building with a ground floor lock up shop and upper residential element sold off on a long lease. The shop has recently been refurbished and is tenanted. The current tenant is on a 1 year rolling contract paying £17,099 per annum. The upper residential element is sold off on a lease from 2000 for a term of 99 years.

Location: The property is situated on the high street just before Watford Road on Harrow Road, both busy arteries into Wembley and the surrounding areas.

Tenure: Freehold

Measurements: The ground floor retail unit measures approximately 365 sq ft.

EPC: B 50

Rates: Interested parties are strongly advised to contact the local council to discuss the rateable value of the property.

VAT: All prices quoted are exclusive of VAT.

Legal fees: To be confirmed.

Viewings: By prior appointment. Please call our office on 0208 904 5040 to arrange a viewing.

Holding deposit: Tenants or prospective purchasers wishing to secure this property will be required to pay a holding deposit to Glenmore Property Services of £3,000. The deposit is non-refundable except if the vendor withdraws, or a clear title cannot be proven. This deposit is held in our client account until completion.

Under the Codes of Practise of the Estate Agents Act, Glenmore Property Services is obliged to disclose any personal interests or connected parties in the sale of any of our properties: we have been instructed by the vendor who is a member of staff of Glenmore Group of Companies.

These particulars are prepared for the guidance of prospective purchasers. They are intended to give a fair and overall description of the property and do not constitute the whole or any part of an offer or contract. Any information contained herein (whether in text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact. Any plans provided by the agents and/or with the sales particulars are intended for guidance purposes only; we cannot guarantee the accuracy and scale of any plans, and they do not form any part of the sales contract.

Money laundering regulations: To comply with money laundering regulations, prospective purchasers will be asked to produce identification documentation at the time of making an offer. We ask for your cooperation in order that there is no delay in agreeing the sale.

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Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.