Summary - 5, COURT PARADE, EAST LANE HA0 3HY
1 bed 1 bath Land
**Key Features:**
- **Property Type:** Leasehold land with a total area of 936 sq ft
- **Investment Potential:** Current rental income of £12,600 p.a., with a Gross Initial Yield of 6.00%
- **Future Development:** Planning permission possibilities for residential or light industrial units
- **Location:** Within 0.6 miles of Sudbury Hill and North Wembley Tube/Train Stations
**Summary Description:**
Discover a unique investment opportunity in Wembley with this 936 sq ft leasehold land currently utilized as a private car parking area. Priced attractively at £210,000, this property boasts an impressive rental yield of 6.00% with existing tenants ensuring a steady income stream. Notably, the land has future development potential, ideal for residential dwellings or light industrial use, subject to the necessary consents.
Located in a vibrant multicultural area with low crime rates, this plot is conveniently positioned near local amenities including pharmacies, eateries, and transport links, making it appealing for both commercial and residential ventures. However, buyers should be aware that the lease has only five years remaining, which may present challenges for financing through conventional mortgage lenders.
This property is a perfect choice for investors looking to capitalize on rising demand in urban settings or those wishing to engage in a development project in a promising area. With limited options available, don't miss this unique chance to secure valuable land in a progressing neighborhood.
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