Acquired
London HA9 – Light Industrial with Development Potential
4 Watkin Road, Wembley, London HA9 0YFFreehold Light Industrial Investment with Development Potential
Investment Consideration
- Vacant possession
- Comprises three light industrial units
- Potential for residential development, subject to obtaining the necessary consents
- Neighbouring developments recently granted
- Currently approved developments on Watkin Road includes 2 x Mixed-Use Blocks of 174 and 219 units
- Located within 0.3 miles from Wembley Park Tube station and 0.6 miles from Wembley Stadium
- Occupies nearby include Co-Op Food, McDonalds, Starbucks, JD Sports, Currys, Boxpark and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises three light industrial units, previously used as a vehicle repair workshop, providing the following accommodation and dimensions:
Unit 1: Workshop 116 sq m (1,250 sq ft)
Unit 2: Workshop 116 sq m (1,250 sq ft)
Mezzanine Floor: 55 sq m (600 sq ft)
Unit 3: Workshop 55 sq m (600 sq ft)
Total area size: 342 sq m (3,700 sq ft)
Development Potential:
Residential development potential subject to obtaining the necessary consents.
Currently approved development projects on Watkin Road includes:
No. 1,2,3,9 Watkin Road - Development of mixed-use block consisting of 174 units
No. 10 Watkin Road (Barratt) - Development of mixed-use block consisting of 219 units
Unit 1: Workshop 116 sq m (1,250 sq ft)
Unit 2: Workshop 116 sq m (1,250 sq ft)
Mezzanine Floor: 55 sq m (600 sq ft)
Unit 3: Workshop 55 sq m (600 sq ft)
Total area size: 342 sq m (3,700 sq ft)
Development Potential:
Residential development potential subject to obtaining the necessary consents.
Currently approved development projects on Watkin Road includes:
No. 1,2,3,9 Watkin Road - Development of mixed-use block consisting of 174 units
No. 10 Watkin Road (Barratt) - Development of mixed-use block consisting of 219 units
Location Description
Wembley lies about 8 miles (13 km) west-northwest of Charing Cross, and includes the neighbourhoods of Alperton, North Wembley, Preston, Sudbury, Tokyngton, and the partly high-rise district of Wembley Park. Wembley has numerous Transport for London bus routes that run through its centre on High Road and is very close to the A406 North Circular Road. The A404 Harrow Road passes through its centre. The property is located within 0.3 miles from Wembley Park Tube station and 0.6 miles from Wembley Stadium. Wembley Park Retail Centre is located nearby which, occupies retailers such as Currys, McDonalds, Starbucks, Co-Op Food, Boxpark and more.
