Ferrari Dewe are pleased to offer this three storey mid-terraced building prominently located along Wealdstone High Street.
Freehold investment with existing tenant £525,000 5.5% yield
The premises is located along Wealdstone's bustling High Street, and within walking distance of Harrow & Wealdstone Station. There is a fast train service to Euston (15 mins) and Bakerloo Line Underground service. Local nearby traders include Asda, Poundland, Boots, Nationwide, Santander, Lloyds Bank, Londis, The Gym Group to name a few.
The property comprises of a three storey mid-terraced building situated on ground and upper floors. The ground floor offers a lock-up retail unit currently trading as 'Pineapple Boutique' - a ladies clothing fashion shop. The first and second floors offer residential accommodation.
The property known as 45 High Street, Wealdstone, Harrow, Middlesex HA3 5DF comprises of Shop and Premises with a total ground floor area of 77.70 sq M / 836 sq ft and a rateable value of £18,500 with effect from 1st April 2017.
* Full repairing and insuring lease
* 10 years from 24th December 2017
* Commencing rental £29,000 per annum exclusive.
* Mutual break at the 5th year (outside the act) on giving six months prior written notice.
* Tenant only option to break (inside the act) at year 7.5 on giving six months prior written notice and on payment of a penalty equivalent to six months rent.
Our client is seeking a price of £525,000 (Five Hundred Twenty Five Thousand Pounds) subject to contract for this valuable freehold property together with the leasehold interest and income described above.
To request a full copy of the EPC, including the Recommendations Report please contact us directly and quote the property address.
If you are interested in further information or wish to submit an offer on this property then please do not hesitate to contact one of our agents on or
please note: All inspections must be via this office as the premises are currently leased and occupied.
These particulars are only a guide. They are not exact or guaranteed. Property offered subject to contract.