Land for sale in Court Parade, Wembley HA0

Investment Consideration:
Gross Initial Yield: 6.00%
Rental Income: £12,600 p.a.
VAT is not applicable to this property
Comprises open storage yard, currently used as a private car parking
Future development potential for erection of residential dwelling/s or warehouse/light industrial unit, subject to obtaining the necessary consents
Located within 0.6 miles from Sudbury Hill and North Wembley Tube/Train Stations
Occupiers nearby include pharmacy, estate agents, takeaways, off-license shop and more.

Property Description:
Comprises open storage yard currently used as a private car parking. The property is accessed directly from Wakeling Lane and provides future development potential for erection of residential dwelling/s or warehouse/light industrial unit, subject to planning.
Total area size: 87 sq m (936 sq ft)

Tenancy:
The property is at present let to M One Motors Ltd (with personal guarantee) for a term of 5 Years from 25th December 2023 at a current rent of £12,600 p.a. And the lease contains full repairing and insuring covenants. Deposit held of £1,000.

Location:
Unlike typical British high streets Wembley does not have a town centre network or pedestrianised high streets, with almost all commercial high street businesses along a 1000-yard stretch of road (High Road). Wembley lies very close to the A406 North Circular Road, with easy access to M1 and M25. The property is located within 0.6 miles from Sudbury Hill and North Wembley Tube/Train Stations. Occupiers nearby include pharmacy, estate agents, restaurant/ takeaways and off-license shop, amongst others.