Summary - 5b Court Parade, WEMBLEY HA0 3HY
6 bed 1 bath Mixed Use
### Standout Features:
- **Mixed-Use Development**: 6-bedroom property with residential and commercial use.
- **Development Potential**: Flat B can be converted into 2 self-contained units (STTP). Rear land offers potential for additional residential or warehouse units.
- **Solid Investment**: Gross Initial Yield of 7.84% with rental income of £66,600 p.a.
- **Location**: Situated in a bustling area with high foot traffic, close to transport links and amenities.
- **Parking**: Off-street parking included on-site.
### Summary:
Discover an exceptional investment opportunity at 5, 5A, 5B Court Parade in North Wembley. This freehold mixed-use property uniquely combines residential and retail spaces, featuring a sold-off ground floor shop, a two-bedroom flat, and a spacious four-bedroom flat ideal for families or multiple occupants. Enjoy a robust rental yield of 7.84%, bolstered by current tenants generating a pleasing annual income of £66,600.
Flat B stands out with plans already drawn to convert it into two self-contained units, presenting an exciting renovation potential for the savvy buyer. Furthermore, the rear land, currently serving as parking, holds promise for additional dwelling creation or even a warehouse, giving you flexible development options. The location is vibrant and urban, surrounded by various amenities and well-connected by public transport, making it attractive for both renters and future development.
While the property needs careful consideration regarding development compliance and any ongoing maintenance, the significant growth and investment opportunities in this area make it a compelling choice. Act fast to secure this versatile asset that promises both immediate returns and future potential.
Mixed use property for sale in Wembley Park, Middlesex, HA9 8HQ, HA9 — £1,000,000 • 1 bed • 1 bath • 1192 ft²
High street retail property for sale in Ealing Road, Wembley, Middlesex HA0 — £1,500,000 • 1 bed • 1 bath
Land for sale in Rear of 5 Court Parade, Wembley, Middlesex, HA0 — £210,000 • 1 bed • 1 bath • 936 ft²
High street retail property for sale in 1 Plaza Parade, Ealing Road, Wembley, Middlesex, HA0 — £1,200,000 • 1 bed • 1 bath • 1356 ft²
Cafe for sale in High Road, Wembley, Middlesex, HA9 — £1,100,000 • 5 bed • 1 bath • 2471 ft²
High street retail property for sale in 3 Plaza Parade, Ealing Road, Wembley, Middlesex, HA0 — £900,000 • 1 bed • 1 bath • 1066 ft²
