Commerce Road, Brentford TW8 8LE
Offers in excess of £3,500,000
The properties comprise three units (A1, A2 & C) which extend to 17,625 sq.ft. plus mezzanine areas of 3,102 sq.ft. of warehouse space with ancillary office use. We understand the existing use of the properties to be B1(c) Light Industrial.
Vehicular access to the site is taken directly via Commerce Road with multiple parking spaces available to the front and side of the property.
The site is bounded by a mix of low rise workshops and offices, some of which have been converted to residential units via permitted development rights.
The property is located on Commerce Road in Brentford, West London within the London Borough of Hounslow.
The nearest shops and local amenities are situated on Brentford High Street, including several cafes, public houses and a large Morrison’s supermarket approximately 0.5 miles to the east of the property.
Brentford is currently experiencing significant regeneration and the property has the opportunity to be a part of the wider Brentford Lock West (BLW) Masterplan. Brentford Station is located approximately 0.7 miles north of the site, providing Overground services to London Waterloo in 32 minutes.
Planning & Development Potential
The property, which is within the London Borough of Hounslow, benefits from a B1(c) light industrial use, made up of warehouse and ancillary office space. We understand the property to be located within a Strategic Industrial Location (SIL), as are the adjoining properties on the East side of Commerce Road.
In recent times, similar properties on Commerce Road have been successfully promoted for residential and mixed-use development.
By assembling the adjoining ownerships in order to “square off” the site, it may be possible to comprehensively redevelop the site with a high density residential-led scheme.
Further information on Brentford regeneration can be found here.
The property will be sold freehold subject to a new lease to the current occupier for a fixed period of 2 years from completion of the sale, at a rent of £250,000 per annum, reflecting £12.04 per sq.ft. which is below current comparable rental evidence and offers potential for increase on reversion.
The property is not elected for VAT.
Offers invited in excess of £3,500,000 for the freehold interest, which reflects a net initial yield of 6.73% when applying purchase costs of 5.75%, and represents £172/sq.ft.
Further information is available within our dataroom using the access code ‘Commerce’.
Disclaimer - Kingsbury on its own behalf and on behalf of the Owner / Landlord of this property whose agent Kingsbury is, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.
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- B1(c) Light Industrial units extending to 20,754 sq.ft. NIA of warehouse space with ancillary office use
- Let for 2 years from completion to the current tenant at £250,000 per annum reflecting £12.04 per sq.ft.
- Potential for mixed-use redevelopment, subject to obtaining the neccessary planning permission
- Located within an area experiencing on-going regeneration with a number of high profile schemes currently under development
- Offers invited in excess of £3,500,000 for the freehold interest, which reflects a net initial yield of 6.73% when applying purchase costs of 5.75%, and represents £172/sq.ft. on the net internal area
To discuss this opportunity further, please contact Ilia Ago or Ross Kemp on 020 7183 2529