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21-33 Ealing Rd - Plaza Parade 2,422 sq ft Retail Unit Offered at £2,000,000 in Wembley HA0 4YA
INVESTMENT HIGHLIGHTS
- Prime location
- Situated in the heart of Wembley within 2 min walk from Wembley Central Starion
- Excellent frontage
PROPERTY FACTS
| Total Property Size | 41,016 sq ft | Floors | 3 |
| Property Type | Retail (Unit) | Typical Floor Size | 9,433 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1973 |
| Costar Property Class | B | Total Plot Size | 0.11 ac |
| Total Property Size | 41,016 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 9,433 sq ft |
| Year Built | 1973 |
| Total Plot Size | 0.11 ac |
AMENITIES
- Bus Route
- Signage
- Roller Shutters
- Storage Space
1 UNIT AVAILABLE
Unit 1-3
| Unit Size | 2,422 sq ft | Sale Type | Investment |
| Price | £2,000,000 | Tenure | Long Leasehold |
| Price Per sq ft | £825.76 | Net Initial Yield | 9.34% |
| Unit Use | Retail | NOI | £186,705 |
| Unit Size | 2,422 sq ft |
| Price | £2,000,000 |
| Price Per sq ft | £825.76 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 9.34% |
| NOI | £186,705 |
DESCRIPTION
Comprises retail parade of 14 ground floor units. 1 Plaza Parade has been subdivided into 11 retail units, while 3 Plaza Parade has been subdivided into 3 retail units, providing the following accommodation and dimensions.
1 Plaza Parade: 126 sq m (1,356 sq ft)
Unit 1A (Fruit & Veg): 28 sq m (301 sq ft)
Units 1-2 (Book Store): 20 sq m (215 sq ft)
Unit 3 (Jewellery Shop): 13 sq m (140 sq ft)
Unit 4 (Fruit & Veg): 12 sq m (130 sq ft)
Unit 5 (Hair Salon): 13 sq m (140 sq ft)
Unit 6 (Fruit & Veg): 8 sq m (86 sq ft)
Unit 7 (Fruit & Veg): 8 sq m (86 sq ft)
Unit 8 (Textile & Tailor): 8 sq m (86 sq ft)
Unit 9 (Fruit & Veg): 8 sq m (86 sq ft)
Unit 10 (Money Transfer): 8 sq m (86 sq ft)
3 Plaza Parade: 99 sq m (1,066 sq ft)
Unit 3A-B (Jewellery Shop): 69 sq m (743 sq ft)
Unit 3C (Florist): 30 sq m (323 sq ft)
Total GIA: 225 sq m (2,422 sq ft)
SALE NOTES
Tenancy:
1 Plaza Parade
Unit 1A is at present let to an Individual Food for a term of 3 Years from 27th January 2022 (holding over) at a current rent of £25,000 per annum and the lease contains full repairing and insuring covenants.
Units 1-2 are at present let to an Individual for a term of 10 Years from 1st January 2015 at a current rent of £17,500 per annum and the lease contains full repairing and insuring covenants. Rent review in August 2026 and 2029.
Unit 3 is at present let to an Individual for a term of 3 Years from 1st May 2023 at a current rent of £7,500 per annum and the lease contains full repairing and insuring covenants.
Unit 4 is at present let to an Individual for a term of 4 Years from 5th June 2021 at a current rent of £8,750 per annum and the lease contains full repairing and insuring covenants. Rent review from June 2024 outstanding.
Unit 5 is at present let to an Individual for a term of 10 Years from 1st January 2015 (holding over) at a current rent of £11,375 per annum and the lease contains full repairing and insuring covenants.
Unit 6 is at present let to an Individual for a term of 1 Year from 5th June 2023 (holding over) at a current rent of £8,750 per annum and the lease contains full repairing and insuring covenants.
Unit 7 is at present let to an Individual for a term of 1 Year from 1st May 2023 (holding over) at a current rent of £7,500 per annum and the lease contains full repairing and insuring covenants.
Unit 8 is at present let to an Individual for a term of 9 Years from 1st May 2021 at a current rent of £7,500 per annum and the lease contains full repairing and insuring covenants. Rent review in August 2026 and 2029.
Unit 9 is at present let to an Individual for a term of 1 Year from 1st May 2023 (holding over) at a current rent of £8,750 per annum and the lease contains full repairing and insuring covenants.
Unit 10 is at present let to an Individual for a term of 3 Years from 1st May 2023 at a current rent of £11,250 per annum and the lease contains full repairing and insuring covenants.
3 Plaza Parade
Units 3A-B are at present let to an Individual for a term of 10 Years from 1st April 2023 at a current rent of £45,400 per annum and the lease contains full repairing and insuring covenants. Rent review on 31st March 2026.
Unit 3C is at present let to an Individual for a term of 9 Years from 1st January 2015 at a current rent of £27,430 per annum and the lease contains full repairing and insuring covenants. Tenant pays additional £550 + VAT pcm for electricity bill.
MAJOR TENANT INFORMATION Click Here to Access
| TENANT | sq ft OCCUPIED | LEASE END DATE |
|---|---|---|
| Rathy Jewellers |
-
|
Jan 0000
|
NEARBY MAJOR RETAILERS
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21-33 Ealing Rd - Plaza Parade
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