Investment Consideration:
Gross Initial Yield: 6.01%
Rental Income: £52,000 p.a.
VAT is applicable to this property
Comprises two ground floor retail shops with ancillary accommodation at lower ground floor.
Located within 10 minute walk to Willesden Junction Station
Nearby occupiers include Tesco Metro, William Hill, Specsavers, Superdrug, Subway and Burger King, amongst others.
Property Description:
The property comprises two retail shops arranged over ground and lower ground floor, providing the following accommodation and dimensions:
Ground Floor: Shop at No.4 148 sq m (1,593 sq ft)
Ground Floor: Shop at No.5 155 sq m (1,668 sq ft)
Total area size: 303 sq m (3,261 sq ft)
Tenancy:
The Ground Floor Shop at No.4 is at present let to Assets Mall Ltd for a term of 7 years from 11th August 2020 at a current rent of £24,000 p.a. and the lease contains full repairing and insuring covenants. No Breaks. Rent review in 2024.
The Ground Floor Shop at No.5 is at present let to Sparks Commercial for a term of 11 years from 19th June 2012 at a current rent of £28,000 p.a. and the lease contains full repairing and insuring covenants. No Breaks. Rent review every fifth year.
Location:
Harlesden is an up-and-coming residential area known for its multicultural vibe, with a buzzing dining scene encompassing Caribbean, Brazilian, and Lebanese cuisines. Its busy High Street offers take-out restaurants and international grocery stores, plus the cast-iron Jubilee Clock, a late-19th-century landmark. The property is located on the High Street within a 10 minute walk to Willesden Junction Station which provides direct services to Central London. Nearby occupiers include Tesco Metro, William Hill, Specsavers, Superdrug, Subway and Burger King, amongst others.
