Available
London UB6 – Vehicle Repair Centre with Planning for 12 Apartments and 4 Shops
412 Greenford Road, London, Ealing UB6 9AHFreehold Car Service Centre with Re-Development Opportunity
Price
£2,000,000
Rent P.A.
£60,000
Tenure
Freehold
Years Left on Lease
1y 10m
Area
4,790 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises single storey vehicle repair centre with associated outbuildings on a plot of 0.13 acres
- Planning approved in April 2024 for demolition of existing centre and erection of a six-storey building to provide 4 retail units (Class E) and 12 self-contained residential dwellings (Class C3)
- Total approved residential & commercial GIA: 1,330 sq m (14,320 sq ft)
- Retail occupiers nearby include Lidl, Tesco Express, Costa Coffee, KFC, Post Office and many more.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property comprises single storey vehicle repair centre on a plot of 0.13 acres, with additional advertisement billboard, providing the following accommodation and dimensions:
Ground Floor: 445 sq m (4,790 sq ft)
Workshop, office, outdoor buildings, parking
Development Opportunity:
Planning approved in April 2024 for demolition of existing building and erection of a six-storey block to provide 4 retail units (Class E) on the ground floor and basement level, and 12 self-contained residential units (5 x 1-Bed, 3 x 2-Bed and 3 x 3-Bed and 1 x 4-Bed) on the upper floors, and provision of communal roof garden and private amenity spaces, providing the following accommodation and dimensions:
Ground Floor & Basement: 4 retail units
First Floor: 2 x 1-Bed and 1 x 4-Bed Apartments
Second Floor: 2 x 2-Bed and 1 x 1-Bed Apartments’
Third Floor: 2 x 3-Bed Apartments
Fourth Floor: 1 x 3-Bed and 1 x 2-Bed Apartments
Fifth Floor: 2 x 1-Bed Apartments
Sixth Floor: Communal roof garden
For more information, please refer planning 224272FUL on Ealing Council planning portal: https://pam.ealing.gov.uk/online-applications/
Ground Floor: 445 sq m (4,790 sq ft)
Workshop, office, outdoor buildings, parking
Development Opportunity:
Planning approved in April 2024 for demolition of existing building and erection of a six-storey block to provide 4 retail units (Class E) on the ground floor and basement level, and 12 self-contained residential units (5 x 1-Bed, 3 x 2-Bed and 3 x 3-Bed and 1 x 4-Bed) on the upper floors, and provision of communal roof garden and private amenity spaces, providing the following accommodation and dimensions:
Ground Floor & Basement: 4 retail units
First Floor: 2 x 1-Bed and 1 x 4-Bed Apartments
Second Floor: 2 x 2-Bed and 1 x 1-Bed Apartments’
Third Floor: 2 x 3-Bed Apartments
Fourth Floor: 1 x 3-Bed and 1 x 2-Bed Apartments
Fifth Floor: 2 x 1-Bed Apartments
Sixth Floor: Communal roof garden
For more information, please refer planning 224272FUL on Ealing Council planning portal: https://pam.ealing.gov.uk/online-applications/
Tenancy Description
The car repair centre is at present let to A n H Motors for a term of years expiring October 2026 at a current rent of £50,000 per annum and the lease contains full repairing and insuring covenants. Outstanding rent review from 2021.
The electronic billboard is at present let at a current rent of £10,000 p.a. and the lease contains full repairing and insuring covenants.
The electronic billboard is at present let at a current rent of £10,000 p.a. and the lease contains full repairing and insuring covenants.
Tenancies & Accommodation
Location Description
Greenford is a densely populated suburb of West London located some 9 miles west of Central London, located just to the south of the A40 Western Avenue, east of the A312 and 5 miles north-east of the M4 (Junction 3). The property is some 1.2 miles from Greenford Rail (West Ealing, 11 minutes) and Underground (Central Line) Station. Retail occupiers nearby include Lidl, Tesco Express, Costa Coffee, KFC, Post Office, Nationwide, Restaurants, Takeaway and many more.