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Mixed-Use Office and Residential Asset in North West London

England, United KingdomUnlock address

79%

£6.000.000

Mixed use

#34328

Core+

21 Apr 2024

Property Details

Broker

For sale

12,689 sq.ft.

1,179 m²

GIA

472 £/sq.ft.

5,089 £/m²

1

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Fully refurbished former aircraft factory in the affluent North West London suburb of Cricklewood that provides stunning warehouse-style mixed-use office and residential accommodation. The property provides a total floor area of 12,689 sq ft (1,178.8 sq m) split between courtyard, offices and Live/Work space of 6,978 sq ft (648.3 sq m) which are set over ground and part first floors and a luxury penthouse apartment of 5,711 sq ft (530.6 sq m) set over part first and second floors. The commercial space comprises three self-contained spaces inclusive of a 4,191 sq ft Live/Work unit and a 1,698 sq ft commercial studio that have been fully refurbished, and which currently provide £125,000 per annum in short term income with vacant possession achievable within six months. The residential space comprises a stunning five-bedroom duplex penthouse that benefits from separate access and two south-facing rooftop terraces. The property has been used as a commercial film and photography location and there is opportunity to consolidate and monetise this income stream further. The property was comprehensively remodelled in 2020-2022 at a cost in excess of £3,000,000 (£236 psf) and has been designed to be highly sustainable, inclusive of 162 solar panels on the roof. The property is ideal for a range of investors and owner occupiers and could be perfectly suited for a range of business in the arts, design, media and music sectors.