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Prime freehold development opportunity

England, United KingdomUnlock address

79%

£20.000.000

Development

#12033

Value-Add, Opportunistic

3 Feb 2024

Property Details

Broker

For sale

58,000 sq.ft.

5,388 m²

Gross area

344 £/sq.ft.

3,711 £/m²

Freehold

144

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

One acre mixed use investment opportunity with excellent development potential. An exciting freehold opportunity in a highly popular area of West London and a key Crossrail hub. The site is currently under-developed and represents an opportunity for significant redevelopment and additional massing. Architects have prepared a feasibility study for the site to ascertain potential capacity on the basis of a comprehensive new build development. The proposed scheme comprises a total of 144 residential units, 3,169 sq m (34,111 sq ft) of commercial uses plus associated back of house facilities. The proposal encompasses two separate blocks of development situated within the northern and southern parcels of the site. The site extends to approximately 1 acre (0.41 ha). It comprises public car parks, retail parade and vacant uppers.