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Vacant offices with permitted development rights

Uxbridge, United KingdomUnlock address

70%

£10.000.000

Development

#14375

Value-Add, Opportunistic

2 Feb 2024

Property Details

Owner

For sale

45,018 sq.ft.

4,182 m²

Leasable area

222 £/sq.ft.

2,391 £/m²

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

Investment Overview

Located approximately 1 mile south of Uxbridge Town Centre, 5 miles from Heathrow Airport and 14 miles from central London. Both buildings were constructed in the mid 1990s and are arranged over three storeys benefitting from attractive double height receptions. Building 1 measures a total area of 26,564 sq ft (NIA) and Building 2 a total area of 18,454 sq ft (NIA) providing a total of 45,018 sq ft. The sites together provide a total of 197 car parking spaces. Two separate permitted Development Consents have been granted to provide a total of 82 flats. The site is within a designated strategic industrial location (and further identified as a preferred industrial location) where intensification of industrial uses is supported by the adopted Local Plan and London Plan in line with the objective of fostering economic development and creating job opportunities. The site is not identified as a preferred location for office growth (which are Stockley Park and Uxbridge Town Centre) and therefore the loss of office floor space and the principle of redeveloping the site for industrial will be supported.