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- LoopNet Team
492-500 High Rd
Wembley HA9 7BH
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Unmissable opportunity to purchase the long leasehold of a fully leased retail and leisure block in London’s popular retail location of Wembley.
- Benefit from excellent main road frontage along a thriving high street, a short distance from the iconic Wembley Park Stadium.
- Property is ideally located opposite Wembley Central shopping centre and Wembley Central London underground and overground stations.
- Capitalise on a strong income profile with recent lettings to JD Sports, a reversionary lease to Tesco, and PureGym occupying the lower level.
EXECUTIVE SUMMARY
Discover a rare opportunity to acquire a prominent retail and leisure block located in one of London’s most sought-after areas, Wembley. This former M&S unit boasts exceptional main road frontage, located directly opposite the bustling Wembley Central shopping centre and just moments from the London Underground/Overground station and the iconic Wembley Stadium. The property offers well-configured space totalling approximately 29,000 square feet, with rear servicing, providing optimal layout and flexibility for a range of retail or leisure tenants. With a strong, recognisable income profile, the asset is fully leased to a mix of high-profile national multiples, including a recent letting to JD Sports and a reversionary lease to Tesco, solidifying the long-term viability and demand for this location. Offering a net initial yield of 7.05%, this is an excellent investment with promising returns.
PROPERTY FACTS
| Property Type | Retail | Net Internal Area (NIA) | 38,534 sq ft |
| Property Subtype | Shopfront | No. Floors | 4 |
| Costar Property Class | C | Year Built | 1935 |
| Total Plot Size | 0.81 ac | APN / Parcel ID |
| Property Type | Retail |
| Property Subtype | Shopfront |
| Costar Property Class | C |
| Total Plot Size | 0.81 ac |
| Net Internal Area (NIA) | 38,534 sq ft |
| No. Floors | 4 |
| Year Built | 1935 |
| APN / Parcel ID |
AMENITIES
- EPC - B
- EPC - C
