Retail unit with three residential flats let on ASTs
Prominent location on the busy Harrow Road
Situated within walking distance of Wembley Stadium
Nearby occupiers include Papa John’s, William Hill, The Post Office and NHS Pharmacy
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 91
Auction 7th July 2016
Rent £53,900 per Annum Exclusive
Status Sold
Price £602,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Distance
900 metres south of Wembley Stadium,l 8 miles north-west of Central London
Roads
A40, A406, M1 (Junction 1)
Rail
Wembley Stadium Rail, Wembley Central Rail and Underground Station (Bakerloo Line), Wembley Park Underground Station (Metropolitan and Jubilee Line)
Air
Heathrow International Airport
Situation
The property is situated in the popular and affluent north-west London Borough of Wembley, on the busy Harrow Road just 900 metres from Wembley Stadium. The property benefits from close proximity to Wembley Stadium Rail, Wembley Central Rail and Underground Station (Bakerloo Line) and Wembley Park Underground Station (Metropolitan and Jubilee Line) and provides strong transport links to London and the North, with the M1 (Junction 1) to the north east of the property. Nearby occupiers include Papa Johns, William Hill, The Post Office and NHS Pharmacy.
Tenure
Freehold.
Location
Distance
900 metres south of Wembley Stadium,l 8 miles north-west of Central London
Roads
A40, A406, M1 (Junction 1)
Rail
Wembley Stadium Rail, Wembley Central Rail and Underground Station (Bakerloo Line), Wembley Park Underground Station (Metropolitan and Jubilee Line)
Air
Heathrow International Airport
Situation
The property is situated in the popular and affluent north-west London Borough of Wembley, on the busy Harrow Road just 900 metres from Wembley Stadium. The property benefits from close proximity to Wembley Stadium Rail, Wembley Central Rail and Underground Station (Bakerloo Line) and Wembley Park Underground Station (Metropolitan and Jubilee Line) and provides strong transport links to London and the North, with the M1 (Junction 1) to the north east of the property. Nearby occupiers include Papa Johns, William Hill, The Post Office and NHS Pharmacy.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with two studio flats at first floor and a one bedroom flat at second floor.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with two studio flats at first floor and a one bedroom flat at second floor.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
297
Ground
Retail
127.36 sq m
(1,370 sq ft)
INDIVIDUAL (t/a Eastern European Food & Wine)
20 years from 24/06/2010 until 23/06/2030
£21,500
24/06/2016, 24/06/2020, 24/06/2024 and 24/06/2028
297A Flat 1
First
Residential
One Studio Flat
INDIVIDUAL
AST for six months from 14/02/2015 (1)
£10,200 (2)
297A Flat 2
First
Residential
One Studio Flat
INDIVIDUAL
AST for six months from 16/02/2015 (1)
£10,200 (2)
297B
Second
Residential
One Bedroom Flat
INDIVIDUAL
AST for six months from 09/03/2015 (1)
£12,000 (2)
Total Commercial Floor Area
127.36 sq m
(1,370 sq ft)
£53,900
(1) The tenant is holding over. (2) The rent has been annualised.
Contacts
Seller's Solicitors
Krish Ratna & Co 61 A/2 King Street Southall Midelesex UB2 4DQ
