RESIDENTIAL DEVELOPMENT OPPORTUNITY FOR SALE
48 BROADWAY, WEST EALING, LONDON W13 0SU
SUMMARY LOCATION
• Development opportunity with planning permission to create 4 The property is situated on Broadway, the primary commercial street 2 apartments extending to 3,014ft in the centre of West Ealing and close to Ealing Broadway Shopping Centre. • Currently a 3-storey building comprising ground floor retail with an apartment above West Ealing station is located approximately 0.3 miles from the • Sought after location approximately 0.3 miles from West Ealing property, currently providing National Rail services to London station Paddington in 13 minutes. Ealing Broadway Underground station is situated approximately 1 mile from the property offering links to • Offers invited in excess of £850,000 freehold, subject to the Seller retaining a 999-year lease of the ground floor shop London Victoria.
DESCRIPTION
The property comprises a 3-storey building consisting of a shop at ground floor (let to Cancer Research) and a 3-bedroom apartment split across the 1st and 2nd floor extending to approximately 1,200ft2, which is currently let on an AST producing £12,600 per annum. PLANNING & DEVELOPMENT
The property benefits from planning permission, granted on 20th June 2014 under reference PP/2014/2228, for the conversion and extension of the building to create 4 apartments (1 x 1 bed and 3 x 2 bed) within the 1st, 2nd and a new 3rd floor.
The planning consent is subject to a Section 106 Agreement which provides for a car-free development There is no CIL liability.
www.kingsbury-consultants.co.uk RESIDENTIAL DEVELOPMENT OPPORTUNITY FOR SALE
TENURE PROPOSED ACCOMMODATION SCHEDULE The property is to be sold freehold, subject to the Seller retaining a new 999 year lease over the ground floor retail unit. The property will be sold with the existing tenancies remaining in-situ. Unit Floor Description NIA ft2 NIA m2
TERMS 1 First 2 Bedroom Apartment 807 75
Offers are invited in excess of £850,000. 2 First 1 Bedroom Apartment 549 51
3 Second / Third 2 Bedroom Apartment 840 78 VAT 4 Second / Third 2 Bedroom Apartment 818 76 We understand that the property is elected for VAT.
Total 3,014 280 ADDITIONAL INFORMATION
Additional information including the approved planning documents can be found in our dataroom using the password ‘Broadway’. CONTACT
To discuss any aspect of this property or the disposal process, please contact the Seller’s sole agents:
Joe Goldsmith – 020 7183 2529 [email protected]
Keir Goldstein – 020 7183 2529 [email protected]
Kingsbury 1st Floor, 81 Alie Street, London E1 8NH
Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.
www.kingsbury-consultants.co.uk