5 Heather Park Parade, Heather Park Drive, Wembley HA0 1SL HA0 1SL
This interesting investment opportunity consists of an A3 premises trading as Stars Restaurant and Nightclub. The tenant has been in occupation since December 2009 at an annual rent of 16,000. We understand that rent reviews are on a five yearly basis and the lease is on a full repairing and insuring basis. The property is situated on a small parade that consists of local traders, a public house and William Hill Bookmakers and is within close proximity of Alperton and Wembley centres. The property is sold with the benefit of the investment income.
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Please note that the following additional fees will apply to the purchase of your property:
1. Buyers Premium of £600 inclusive of VAT
2. Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
3. Stamp Duty - rates easily available on-line
4. Your solicitor fees and any survey fees
5. Insurance - it is your responsibility from the date of exchange to insure the property purchased.