Land for sale in Willesden Lane, London NW2

£8,000,000
Interested in this property? Call +44 20 8115 5192 * or

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Property features

  • Mixed use site with residential, showroom, offices and car parking
  • Existing income from ast tenants
  • Significant re-development opportunity (stp)
  • Asset management opportunity
  • Close to Jubilee Line Station
  • Adjacent to substantial Sainsbury's site
  • To be sold as 3 freehold titles

Property description

An opportunity to acquire these prominent buildings with development potential (stpp)

Development Potential

Subject to obtaining the necessary consents the site may suit a substantial residential or mixed use development. A new 7 storey residential block was recently constructed opposite and we understand an application for a 130 room student scheme was recently submitted for the adjacent site.

Asset Repositioning

There is scope to redesign and refurbish the existing residential accommodation if required. The commercial space could also be extended, modernised and let. There is significant demand for this type of commercial space and record rents are being achieved in the area.

Planning

There is no significant planning history on the site.

Leasing Market

There is currently (end 2017) significant demand for all types of commercial property. Showroom, retail and repair workshops are particularly sought after and there is very little space available in nw London.

Building

An opportunity to acquire a mixed use site of 0.61 acres set in a superior position in Willesden Green and within a very short walk of Willesden Green Station.

The site currently comprises:
10 flats (3 x 1 bed, 1 x 2 bed, 3 x studios, 3 x HMOs with 20 rooms in total).
Showroom/Workshop (7,409 ft2)
Rear Workshop/Offices (7,246 ft2)
Car parking for 24 cars.

The residential accommodation is all let on ASTs and the commercial will be sold with vacant possession.

There are a host of new build (subject to planning permission) and asset management opportunities.

Offers are invited on an unconditional basis.

Location

The site sits at the junction of Willesden Lane and Walm Lane and is a short distance from Willesden Green Station (Zone 2 - Jubilee line). Set amongst local occupiers such as Sainsbury's, Costa Coffee, Lloyds Bank, Pizza Hut, Ladbrokes and many independent retailers. Queens Park and Kensal Rise are within walking distance.

VAT

To be confirmed

Property info

For more information about this property, please contact
Dutch & Dutch, NW6 on +44 20 8115 5192 * (local rate)

Contact Dutch & Dutch about this property

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Dutch & Dutch, and do not constitute property particulars. Please contact Dutch & Dutch for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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