38 Park Parade, Harlesden, NW10 4JE
£553.10 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
452 sq ft
42 sq m
- SECTOR
High street retail property for sale
Key features
- Freehold
- Mid Terraced Building
- Income Producing Retail
- Residential Flats Sold Off
- Nearby Occupiers Include Santander & Costa Coffee
- Within Walking Distance Of Willesden Junction Station (Overground and Bakerloo Line)
Description
The property encompasses a ground-floor shop with 3 sold off self-contained flats situated on the upper floors.
The shop is let to a clothing alterations service on a Full Repairing and Insuring lease for a term of 10 years from 27th May 2020. Therefore having 6 years unexpired. The lease is Outside the Landlord & Tenant Act. There is forthcoming rent review on 27th May 2024 - a rent increase has been agreed of £15,600 per annum.
The 3 flats have been separately sold off on the following lease terms.
38a: 125 years from 16th July 2020 (121 years unexpired). The ground rent is £100 per annum.
38b: 999 years from 18th November 1987 (962 years unexpired). The ground rent is £450 per annum.
38c: 999 years from 18th November 1987 (962 years unexpired). The ground rent is £450 per annum.
The total annual income is £16,600. Representing a gross yield of 6.6%.
Location
Harlesden located in North London within the London Borough of Brent, is a vibrant locale boasting a diverse community and excellent transportation connections via the Overground and Bakerloo Line.
This property is conveniently located amidst a plethora of independent retailers, with the High Street just a few minutes' walk, hosting renowned national brands such as Costa Coffee and Santander.
Strategically positioned, the building is a mere 0.6 miles from Willesden Junction Train Station and 1 mile from Kensal Green tube station, offering routes to central London, with London Waterloo accessible in just 30 minutes.
Brochures
38 Park Parade, Harlesden, NW10 4JE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Willesden Junction Station0.3 miles
- Harlesden Station0.7 miles
- Kensal Green Station0.9 miles
About Forest Real Estate, London
1 Bridge Lane, London, NW11 0EA
Forest Real Estate is a leading, independent commercial agency with a niche focus on London Suburbs. With an ongoing mission to provide first class advice with effective results curated by a wealth of experience for a diverse range of clients.
We cover a range of sectors that include office, industrial, warehouse, leisure, retail, and restaurant properties. As well as investment and development opportunities.
We offer director-level consultations with landlords, tenants, and devel
Notes
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