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158-160 HIGH ROAD INCLUDING LAND AND BUILDING TO THE REAR OF 156 HIGH ROAD, LONDON, NW10 2PB D1/C3 INVESTMENT OPPORTUNITY WITH RESIDENTIAL DEVELOPMENT OR FOR SALE REFURBISHMENT POTENTIAL SUBJECT TO PLANNING lsh.co.uk M1 The Opportunity WEMBLEY A5 STADIUM GLADSTONE PARK 158 - 160 High Road, Including Land and A4088 Building to the Rear of 156 High Road is a D1/ NEASDEN A407 C3 investment opportunity with residential DOLLIS HILL 156-160 10 mins walk HIGH RD 10 mins walk Morgan Place development or refurbishment potential, (St. Mary's Rectory) Development WILLESDEN subject to planning. GREEN HIG H ROA • Ground floor dental practice (Use Class D1) extending to D A407 WILLESDEN LANE RTH CIRCULAR ROAD ROAD H approximately 1,238 sq ft (115 sq m) GIA subject to a 20 year NO C HUR lease, expiring 8th July 2034 with a passing rent of £22,000 C B per annum, subject to 4 yearly rent reviews to the open A407 RONDESBUR Y PA market rent. RK ROUNDWOOD PARK • Two maisonettes and three residential flats let on AST B517 Agreements producing a gross income of £101,400 per annum. A404 N HARLESDEN • Existing buildings extend to approximately 5,673 sq ft (527 sq m) GIA. • Potential to construct a third storey extension (including mansard roof extension) in order to uniform the roof line Location TransportWILLESDEN KENSAL with neighbouring properties and extend to the rear, subject 158 - 160 High Road, Including Land and Building to the Rear of The property benefits from excellent transportGREEN links and has to planning permission. 156 High Road is located in Willesden, which is approximately a Public Transport Accessibility Level (PTAL) of 5 which is 2.5 miles south east of Wembley Park, 4 miles north west considered ‘very good’. • Opportunity to refurbish the existing buildings and improve of Paddington Station and 6 miles northwest of Charing The property is located within a 10 minute walk of Dollis Hill amenity space to enhance rental growth and maximise Cross Station. The property is situated on the northern side Station (0.5 miles) and Willesden Green Station (0.6 miles), which of Willesden High Road, providing a good variety of local income. is served by the Jubilee line, providing direct connections to independent and national retailers, cafés and restaurants. • Long term opportunity to redevelop the entire site, subject Wembley Park, West Hampstead, Waterloo, London Bridge and The surrounding area largely consists of period three storey Stratford. Dollis Hill Station is located within Travelcard Zone 3, to planning and vacant possession. buildings (including mansard roof extensions), with ground floor whilst Willesden Green Station is located on the boundary of Zone • The total site area extends to 0.16 acres (0.06 ha) with shops fronting onto Willesden High Road and residential units 2 and 3. above. double frontage to High Road. The property is easily accessible from the A41 and A5 via Kilburn / Cricklewood and the North Circular Road which is within close • Located within 0.5 miles of both Dollis Hill Station and proximity, running through Brent Park. Directly adjacent to the Willesden Green Station. subject is the Willesden Bus Garage (Stop WO), served regularly by bus numbers 260, 266, 460 and N98, providing direct access • Offers are invited for the freehold interest on an to Golders Green, White City, Brent Cross, Hammersmith, North unconditional basis. Finchley, Russell Square and Stanmore. 2 lsh.co.uk Planning 158 - 160 High Road, Including Land and Building to the Rear planning permission 7th March 2017 for the erection of a of 156 High Road has planning consent for D1 (Non-residential mansard roof extension to create a third floor with a 1 bedroom Institution) and C3 (Dwellinghouse) use. The properties are self-contained flat as per the planning reference 16/5562. located within the London Borough of Brent and is not listed or It is considered by The London Borough of Brent that any situated within a conservation area or flooding zone. extension is not to cause unacceptable harm to the subject The building to the rear of 156 High Road was a former terrace or street scene and is recommended that any proposed workshop building for Gohil Fashions. Change of use from design is to have a traditional appearance in-keeping with the a workshop on the ground floor to a self-contained flat building and area. The mansard is also to be set back from was permitted Monday 11th October 1999 as per planning existing parapet walls, appearing subordinate, respecting the application reference 99/1728. Change of use of the first floor character of the building. from B1 (Business) to self-contained flat C3 (Dwellinghouse) The proposed development is to be considered acceptable was permitted Monday 13th July 1998 as per planning in terms of the standard of accommodation, character and application reference 98/0706. appearance, impact upon neighbouring amenity, transport and The potential to increase the height of 158 – 160 High Road, is in accordance with relevant policies within the London Plan subject to planning, is demonstrated by the neighbouring (2016), Brent’s Development Management Policy (2015) and property, 156B High Road, London, NW10 2PB, obtaining SPG 17 “design guide for new development”. The Properties The site currently accommodates a two storey brick building with UPVC windows and pitched slate roof containing velux roof windows. The ground floor is used as a dental practice (no. 158 – 160) with Accommodation and Site residential units at the rear and on the first floor (no. 158a, 158b and The site area extends to 0.16 acres (0.06 ha) with a frontage to High Road. 160a). The residential units are self-contained flats (2 x 4 beds and 1 x 2 bed) and accessed through a lockable door via an alley between no Floor Use Sq Ft Sq M 158 and 156. There is a large garden to the rear of the property used for amenity space with a stone patio and two detached single storey 158 – 160 High Road, London, NW10 2PB brick built storage units with a felt flat roof. Ground Floor Commercial Dental Practice D1 (Non Residential) 1,238 115 There is a former workshop building located to the rear of 156 High 158A Flat C3 (Dwellinghouse) 743 69 Road which has been converted into a two storey residential property 158B Flat C3 (Dwellinghouse) 904 84 (no. 156c and 156d) with UPVC windows and flat felt roof. The 160A Flat C3 (Dwellinghouse) 990 92 residential units are self-contained flats (2 x 4 bed flats) and accessed directly from the courtyard, with an external metal staircase leading Subtotal 3,875 360 to the first floor flat, sheltered by a PVC corrugated roof. The site has Building to the Rear of 156 High Road, London, NW10 2PB its own access directly from High Road via vehicle or foot through 156C Flat C3 (Dwellinghouse) 700 65 a lockable entrance way. The concrete courtyard includes access rights within the title register for trade vehicles, for the purpose of 156D Flat C3 (Dwellinghouse) 1,098 102 off-loading goods through a side door within the courtyard and rights Subtotal 1,798 167 of way / entry on foot to and from the staircase of 156B and 156E (flats above entrance way excluded from the title). TOTAL 5,673 527 3 lsh.co.uk Professional Fees Each party is responsible for their own costs incurred in the transaction. Viewing Days Viewings days will be arranged for interested parties, strictly by appointment only through Lambert Smith Hampton. Please contact one of the team below to book an appointment. Data Room Interested parties requiring access to Technical and Planning documents should register to access the data room. Sales Process - Deposit A deposit equivalent to 10% of the purchase price is payable by Contact Subject to Contract the Purchaser to the Vendor on exchange of contracts. For more information please contact: A copy of the Title Registers and Title Plans are available to download from the data room. Basis of Offer Benjamin Quayle Offers are invited to acquire the freehold interest on an [email protected] VAT unconditional basis only. DD: 020 7198 2199 The property is not elected for VAT. Bids are to be submitted by email to [email protected] or to the Matthew Green following address: [email protected] EPC REF. P&DBQ DD: 020 7198 2081 The EPC is available to download from the data room. FAO Benjamin Quayle Phillippa Twohig-Howell Lambert Smith Hampton, UK House, 180 Oxford Street [email protected] London W1D 1NN Method of Sale DD: 020 3824 4753 The freehold interest in the property is being offered for sale by The Vendor is not bound to accept the highest or any offer and informal tender. reserves the right to enter into negotiations with any party. © Lambert Smith Hampton November 2018. Details of Lambert Smith Hampton can be viewed on our website lsh.co.uk This document is for general informative purposes only. The information in it is believed to be correct, but no express or implied representation or warranty is made by Lambert Smith Hampton as to its accuracy or completeness, and the opinions in it constitute our judgement as of this date but are subject to change. Reliance should not be placed upon the information, forecasts and opinions set out herein for the purpose of any particular transaction, and no responsibility or liability, whether in negligence or otherwise, is accepted by Lambert Smith Hampton or by any of its directors, officers, employees, agents or representatives for any direct, indirect or consequential loss or damage which may result from any such reliance or other use thereof.
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