Harrow Road, Wembley HA0
Sales Harrow Road, Wembley HA0
 Harrow Road, HA0
£2,500,000

Property Information

  • Reference number hilton_343455035
  • Property Type Pub Bar
  • Garden Yes
  • Furnishing Furnished
  • Tenure Freehold
  • Current Occupant External Tenant

Location

Harrow Road, HA0
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Property description

Freehold site with an existing pub and associated car parking

The Pub has been refurbished in recent years

The pub comprises of mainly two storey brick building with associated single storey buildings used for storage as well as a beer garden located to the front and side of the property (the side garden is currently covered by a marquee). There is also 36 car parking spaces to the side and rear

The site access from the Harrow road is used predominately by the customers of the pub while the access from Chaplin road is used for deliveries

The plot amounts to 0.48 of an Acre and offers redevelopment potential for residential led scheme (subject to planning)

The site could also be retained for its existing commercial use.

  • Currently let at £92,000 per annum rising by £2,000 each year every July until the 5th year
  • Rent rising to £100,000 per annum in the 5th year of the lease
  • 13 years unexpired on the lease
  • Landlord only break in 2029
  • FRI Lease
  • Site measuring 0.48 of an acre (Approximate)
  • Current lease is contracted out of the 1954 Landlord and Tenant Act
  • The site has previously been explored to be fully redeveloped into a residential led scheme comprising of 31 dwellings (subject to planning)

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Single Property

Stamp duty charges for completion date after 31st march 2021

Purchase Price

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Effective Rate
00.00 %
Tax Band % Taxable Sum Tax
less than £125k 0
£125k to £250k 2
£250k to £925k 5
£925k to £1.5m 10
rest over £1.5m 12

Additional Property

Stamp duty charges for completion date after 31st march 2021

Purchase Price

(Enter numbers only)

Effective Rate
00.00 %
Tax Band % Taxable Sum Tax
less than £125k 3
£125k to £250k 5
£250k to £925k 8
£925k to £1.5m 13
rest over £1.5m 15

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Purchase Price

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Effective Rate
00.00 %
Tax Band % Taxable Sum Tax
less than £300k 0(2/5)*
£300k to £500k 5
£500k to £925k 5
£925k to £1.5m 10
rest over £1.5m 12
*For purchases over £500k, SDLT is charged at 2% from £125k to £250k and 5% from £250k to £925k.

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