020 8904 5040

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Freehold Leisure Investment

Fronting busy high street in Sudbury Town

Over 5,000 sq. ft in size

Includes living accommodation above

Potential to implement rent reviews to increase rent and yield

Detached building with large rear ancillary space

Unique freehold investment located in North West London will significant rental uplift potential. The property presents an exciting and unique investment opportunity for investors and developers. The building comprises a detached two storey building with significant space at the rear (ancillary).
The entire building including upper accommodation is currently let at £70,000 per annum. The tenant is on a lease for a term of 15 years commencing April 2012, with rent reviews every 5 years. The gross useful floor area is approximately 5844 sq. ft. or 542.92 sq. m .

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. Wembley is a densely populated London suburb, located approximately 8 miles to the north-west of Central London. The area is well served by road and rail, being a short distance from both the North Circular Road (A406) and Western Avenue (A40), as well as having London Underground (Bakerloo and Piccadilly Lines) and Overground Rail services via Wembley Central and Alperton Underground stations. Wembley Stadium and Wembley Arena are about one mile to the north.

Price:
We have been instructed by the vendor to invite offers in the region of £1,495,000 for the freehold interest, subject to contract and exclusive of VAT.

Tenure:
Freehold

VAT:
All prices quoted are exclusive of VAT.

EPC:
C 55 (commercial)
E 51 (residential)

Full copies of each certificate are available for inspection by contacting our office.

Legal fees:
Each party will be responsible for their own legal fees incurred in the transaction.

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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IMPORTANT NOTICE

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.