The Broadway, Ealing W5 5JN
Offers in the region of £1,750,000
The existing property comprises the roof and airspace above a 2-storey office building located to the rear of 52-53 The Broadway.
The ground and first floors (which are to be retained by the sellers) are currently occupied by Barclays Bank.
Access to the property is currently taken from Oaks Road via The Broadway.
The property is located to the rear of 52-53 The Broadway within the London Borough of Ealing and within the Ealing town Centre Conservation Area.
The immediate area comprises predominantly commercial uses with numerous shops and amenities available including Ealing Broadway Shopping Centre which is within walking distance to the property.
The nearest station is Ealing Broadway Underground station (District Line) which is located 0.1 miles from the property and provides direct rail links into Paddington Station in 9 minutes.
Planning & Development Potential
Planning permission was granted on 26th June 2020 (ref: 192182FUL) for the construction of a second floor and mansard level above the existing building to provide 8 residential units.
A non-material amendment was approved on 10th October 2020 (ref: 204489NMA) which amended the internal configuration of the units and unit mix as well as the location of 2 windows.
The proposed development will provide 8 self-contained residential units (1 x studio, 5 x 1 bedroom and 2 x 2 bedroom units) extending to approximately 4,596sq.ft.
The consent is subject to a Section 106 agreement which obligates for the development to be car free and restricts the future occupiers from applying for a residential parking permit.
The property will be sold on a new 150 year lease of the entire roof and airspace, subject to a peppercorn ground rent.
The property is not elected for VAT.
Offers are invited in the region of £1,750,000 for a new 999 year leasehold interest for the roof and airspace.
Further information including planning documents and technical documents are available in the dataroom using access code ‘Broadway’.
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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- Leasehold interest of the roof and airspace above a 2-storey office building
- Planning permission for an additional floor and mansard level to create 8 x residential units (1 x studio, 5 x 1 bed and 2 x 2 bedroom units) extending to approximately 4,596sq.ft.
- Popular location with Ealing Broadway Station circa 0.1 miles to the site
- Offers are invited in the region of £1,750,000 for a new 999 year leasehold interest for the roof and airspace.
To discuss this opportunity further, please contact Paul Heale or Chris Incledon on 020 7183 2529