FOR SALE

Ironbridge House & Mill Lodge, Hanwell UB2 4NJ

Offers in the region of £10,000,000

Description

The subject site consists of two buildings known as Ironbridge House and Mill Lodge which are located adjacent to each other within Windmill Place business centre.

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.

Mill Lodge comprises a 2 storey residential building consisting of 2 x 2 bedroom flats which have recently been converted and extend to approximately 1,600 sq.ft.

To the rear of the properties 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

IRONBRIDGE HOUSE (55 UNITS)

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.

An additional planning consent 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.

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

MILL LODGE (9 UNITS)

A resolution to grant planning permission was given in September 2019 (ref: 192229FUL) for the comprehensive redevelopment of the site involving the demolition of the existing building and erection of a new build block to provide 9 residential units (5 x 1 bed and 4 x 2 bed units) which will provide approximately 5,576 sq.ft. (NIA) of residential floorspace.

We understand that the proposed scheme is also subject to a CIL liability of approximately £31,000 and Section 106 payments amounting to circa £13,000.

Overall, the sites have planning consent for a combined 64 private residential units and will provide approximately 32,217 sq.ft. (NIA) of residential floor space and 22 parking spaces at surface level.

A link to the full accommodation schedule can be found here.

Tenure

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

VAT

Ironbridge House is elected for VAT however Mill Lodge is not elected for VAT.

Terms

Offers are invited in excess of £10,000,000 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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  • Site of circa 0.61 acres occupied by two buildings known as Ironbridge House and Mill Lodge
  • Planning permission for the conversion and extension of Ironbridge House to provide 55 residential units and redevelopment of Mill Lodge to provide 9 residential units totalling 32,217 sq.ft.
  • All units are for private sale and qualify for Help to Buy
  • Sought-after residential location approximately 0.9 mile from Hanwell Station, providing direct links to London Paddington in under 15 minutes and will operate Crossrail services
  • Offers are invited in the region of £10,000,000 for the entire freehold interest. Alternatively, offers will be considered for Ironbridge House and Mill Lodge separately

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

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