Summary - 3 Plaza Parade, Ealing Road, Wembley, Middlesex, HA0 HA0 4YA
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- **Attractive Investment**: Annual rental income of £72,830 with an impressive gross initial yield of 8.09%.
- **Prominent Location**: Situated in a high-traffic area of Wembley, just a 2-minute walk from Wembley Central Station.
- **Diverse Tenants**: 100% occupancy with established tenants, including a jeweller and a florist.
- **Future Potential**: Long leasehold with 976 years remaining provides opportunities for value appreciation.
**Essential Details:**
This mid-century retail property comprises a parade of three ground-floor shops located at 3 Plaza Parade, offering a prime investment opportunity. Spanning 1,066 sq ft, the property enjoys a prominent high-street presence, boasting substantial street-facing shopfronts ideal for attracting foot traffic. The current tenants are committed long-term, ensuring steady income with minimal vacancy risk—Unit 3A-B (Jewellery Shop) is leased for 10 years starting April 2023, while Unit 3C (Florist) has a lease until 2024.
Although the local area experiences high crime rates and is categorized as deprived, the vibrant commercial landscape includes reputable brands and a variety of amenities, making it pivotal for commerce. With excellent mobile signal and fast broadband speeds enhancing operational efficiency, this property is an appealing choice for savvy investors looking to capitalize on the steady demand for retail spaces in densely populated hubs. Don't miss out on this rare investment opportunity!
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