Plaza Parade, Ealing Road, Wembley, Greater London, HA0

1,044 Sq Ft
  • Type: Investment
  • Availability: Available
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Property Features

  • 999 Year Head-Lease
  • Income Producing
  • £47,500 PA Income
  • Established Tenant

Property Summary

For sale is this retail investment occupying a good trading position on the popular Ealing Road and close to the junction with High Road, Wembley. This virtual freehold unit forms part of the Plaza Parade development and comprises a lock-up shop of 1,044 sq ft together with 2 car parking spaces.

The shop is held on a 999 year Head-Lease at a peppercorn ground rent.

The shop is occupied by the tenant, Rathy Jewellers Ltd on a Full Repairing and Insuring Sub-Lease for a term of 15 years from 26/01/16 (Expiry 26/01/31). The current passing rent is £47,500 per annum plus vat. The next rent review is due 26/01/24. The lease allows for a tenant only break option on 26/01/26 subject to 6 months prior written notice.

The virtual freehold 999 year Head-Lease is for sale. Offers in excess of £625,000 subject to contract and the existing tenancy.

Interested parties should enquiry with sole agents Chamberlain Commercial. Contact Tony Chamberlain 07817 077077 tony@chamberlaincommercial.com.