FOR SALE

Ironbridge House, Windmill Place, Hanwell UB2 4NJ

Offers in the region of £8,500,000

Description

Ironbridge House is a B1 office building arranged over 3-storeys, with a front ‘tower’ feature of 5-storeys extending to approximately 21,200 sq.ft.

Adjacent to Ironbridge House is Mill Lodge which is under the same ownership and has planning permission for the redevelopment of the property to provide 9 residential units.

To the rear of the property is Mill House, a former office which has been converted to 33 residential units. All the units at Mill House have been sold.

Location

The property occupies a prominent position on the corner of Windmill Lane and Uxbridge Road (A4020). The property is located within the London Borough of Ealing.

The immediate location comprises a mix of commercial and residential uses, with the property surrounded by residential dwellings to the East and a variety of commercial uses to the South.

Hanwell Station is located approximately 1 mile from the property, providing direct TFL rail services into Central London and will operate Crossrail / Elizabeth Line services in due course.

Journey times include:
London Paddington – 14 minutes | Heathrow Airport – 15 minutes

Planning & Development Potential

The property benefits from the following planning consents and pending application:

48 Residential Unit Conversion – Granted

Prior Approval for Permitted Development Rights were granted on 13th June 2018 (ref: 181500PAOR) for the change of use and conversion from B1 Office use to residential, to create 48 residential units (4 x studios, 42 x 1 bed and 2 x 2 bed units) which will provide approximately 22,658 sq.ft. (NIA) of residential floorspace.

Additional 7 Unit Extension – Granted

Detailed planning permission was granted on 17th July 2019 (ref: 190950FUL) for the construction of a 4th floor level within the existing western portion of the building to provide a further 5 units (3 x 1 bed and 2 x 2 bed units) and the construction of a 5th floor roof extension above the eastern tower section to provide an additional 2 units (1 x studio and 1 x 1 bed unit) providing approximately 3,983 sq.ft. (NIA) of residential floor space.

Overall, the property has planning consent for a combined 55 private residential units and will provide approximately 26,641 sq.ft. (NIA) of residential floor space and 22 parking spaces at surface level.

We understand that the proposed schemes are also subject to a CIL liability of approximately  £28,500 and Section 106 payments amounting to circa £31,100.

Additional 2 Unit Extension – Pending

An additional planning application has been made on 7th October 2019 (ref: 194293FUL) and awaiting validation for the construction of a 6th floor roof extension above the eastern tower section  to provide an additional 2 units (1 x studio and 1 x 1 bed unit) providing approximately 988 sq.ft. (NIA) of residential floor space.

Tenure

The property will be sold freehold with vacant possession upon completion.

VAT

Ironbridge House is elected for VAT.

Terms

Offers are invited in the region of £8,500,000 for the freehold interest.

Additional Information

Further information including planning documents can be viewed in the dataroom using the access code ‘Ironbridge’.


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 Office building arranged over part 3 and part 5-storeys extending to approximately 21,200 sq.ft.
  • Planning permission for the conversion and extension of the property to provide 55 residential units extending to approximately 22,658 sq.ft. (NIA), all for private sale
  • Pending planning application for additional 2 x residential units
  • Sought-after residential location approximately 0.9 miles from Hanwell Station, providing direct links to London Paddington in under 15 minutes and will operate Crossrail services
  • Neighbouring site (highlighted white on the image) benefitting from planning permission for 9 units also available for sale under separate negotiation or as a combined sale
  • Offers are invited in the region of £8,500,000

To discuss this opportunity further, please contact Jordan Oldfield or Paul Heale on 020 7183 2529

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