Residential Led Development Opportunity St Mary’s Rectory, Willesden 18 Neasden Lane & 450 High Road, London NW10 2TS

CGI of consented scheme

JJ Residential-led mixed use development opportunity JJ Ground floor B1 office unit 50 sq m (538 sq ft) GIA. Our clients will consider taking a 125 years lease for JJ Site currently occupied by a two-storey Vicarage the completed unit at a peppercorn rent and Stonemason’s yard extending to approximately 0.21 hectares (0.52 acres) JJ For sale freehold with vacant possession

JJ Planning consent for 47 residential units: •• 24no. Private Sale – 1,546 sq m (16,641 sq ft) •• 6no. Affordable Rent – 546 sq m (5,877 sq ft) •• 17no. Shared Ownership – 1,107 sq m (11,916 sq ft) •• Total 47 units – 3,199 sq m (34,434 sq ft) NSA

Savills London 33 Margaret Street W1G 0JD savills.co.uk NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed. Location There are a number of green spaces nearby with Roundwood Park 700 metres (0.45 miles) to the south east and Gladstone The property is located in Willesden, north west London, Park 950 metres (0.6 miles) to the north. at the junction of Neasden Lane and High Road (A407). Immediately north is Ebony Court, a 5-storey residential Neasden London Underground station is approximately 500 development. The site is bounded to the west by Neasden metres north of the property and provides access to the Lane and by High Road to the south. Immediately east Jubilee Line. Direct services to Baker Street are approximately is Willesden Magistrates Court. On the opposite side of 14 minutes, Bond Street 16 minutes and Waterloo 22 Neasden Lane is St Mary’s Church and cemetery. On the minutes. The property is well served by multiple bus routes opposite side of High Road, Willesden is the Church End car- on High Road and well positioned for access to the North park, where the Church End market is open on Wednesdays Circular Road (A406). and Saturdays. A resolution to grant planning permission has been made for a residential and commercial development on Description half the open land between Church Road and the High Road, The property comprises a two storey 1950’s built Vicarage and a further application is being prepared for the remaining and grounds, and a single-storey Stonemasons building and site by Catalyst Housing Association. yard. Access to the Vicarage is off Neasden Lane and the There are various local shops and cafes in the immediate area Stonemasons off High Road (A407). The Vicarage is screened along High Road and Neasden Lane and Willesden Green by a two metre high brick wall and planting along the curved town centre is 1.7km (1.1 miles) to the east. Approximately street frontage. 650 metres (0.4 miles) north west are a large Tesco The site extends to approximately 0.21 hectares (0.52 acres). supermarket and IKEA store. Planning The site is located in the London Borough of Brent. It is not within a Conservation Area and the buildings on site are not listed. The site is adjacent to Church End Conservation Area.

Planning permission (Ref:14/4254) was granted on 16th October 2015 for:

Demolition of existing Vicarage and yard, and erection of a part 5, part 6-storey building comprising a ground floor commercial unit (Use Class B1) (50sqm) and 47 residential flats (19 x 1 bed, 16 x 2 bed, 11 x 3 bed and 1 x 4 bed) with associated car, cycle and motorbikes spaces, landscaping, new metal railing fence and amenity space.

The application is subject to a Section 106 Agreement, with financial contributions totalling £14,000 and requires that the B1 Commercial unit is let at no more than £5/ sq ft to be index linked from March 2015. The development is subject to an estimated CIL Liability of £911,313.92, of which £773,623.42 is Brent CIL and £137,690.50 is Mayoral CIL. It should be noted that the developer may be able to claim social housing relief for any eligible affordable housing units within the development, which could significantly reduce the CIL liability stated above.

The consented scheme will provide 15 car spaces, cycle and motorcycle spaces, landscaping and amenity space. Accommodation The total GIA of the scheme is 4,173 sq m (44,918 sq ft). The development will provide the following accommodation:

Proposed Accommodation Schedule Units Av Sq m Av Sq ft Total Sq m Total Sq ft

Residential NSA

Private

1 Beds 10 51.6 555 516 5,554

2 Beds 9 66.7 719 601 6,469

3 Beds 5 85.8 924 429 4,618

Sub-Total 24 64 693 1,546 16,641

Shared Ownership

1 Beds 7 53.3 574 373 4,015

2 Beds 7 69.7 750 488 5,253

3 Beds 3 82 883 246 2,648

Sub-Total 17 65 701 1,107 11,916

Affordable Rented

1 Beds 2 65.5 705 131 1,410

3 Beds 3 96 1,033 288 3,100

4 Beds 1 127 1,367 127 1,367

Sub-Total 6 91 980 546 5,877

Total 47 68 733 3,199 34,434

Please note areas are approximate CGI of consented scheme

Method of Sale and Tenure Contacts The property is for sale freehold with vacant possession by way of informal For further information tender (unless sold prior). please contact: The vendor, the London Diocese Fund, will consider taking a 125 years lease Sean Cooper on the completed commercial unit at a peppercorn rent and fitted out to the [email protected] specification outlined in a document on the dataroom. +44 (0) 207 409 9948 VAT Darren Arnold [email protected] The property is not elected for VAT. +44 (0) 20 7409 9926 Further Information Emma Head Further detailed information is available at a dedicated online dataroom [email protected] www.savills.com/neasdenlane +44 (0) 20 7409 8090

Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | October 2015