Build-To-Rent (BTR) scheme for 239 resi units

Located within the London Borough of Brent in the neighbourhood of Cricklewood (Zone 3), the site benefits from a highly prominent frontage approximately 4.5 miles north-west of Central London. The site benefits from excellent communication links via the UK Motorway network, with Junction 1 of the M1 in close proximity heading north and the North Circular linking Cricklewood to all major arterial routes from London. The site currently comprises a self-contained, purpose-built single-storey retail warehouse which was constructed in 1986. The property is of steel frame construction with corrugated cladding over the majority but with a full height glazed frontage centered at the front of the store. The store provides 34,211 sq ft of accommodation and 147 car parking spaces. The site itself provides a site area of 2.253 acres (0.91 ha), has a low site coverage of approximately 40%. The current rent passing is £756,000 per annum and the lease benefits from a mutual option to break at any date after 29th August 2022 subject to no less than 3 months prior written notice.