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C3 residential development opportunity in North West London

London, United KingdomUnlock address

61%

Offers invited

Residential investment

#35066

Value-Add, Opportunistic

18 Sep 2024

Property Details

Broker

For sale

29,607 sq.ft.

2,751 m²

GIA

63

Freehold

X

Fees

0.00 %

0.50 %

0.50 %

Investment Overview

A consented residential development opportunity with additional massing potential in North-West London. The Property comprises an existing retail building 29,607 sq ft (2,750.58 s m) GIA. The Site extends to approximately 0.505 acres (0.204 hectares). Located a 9-minute walk away from Brent Cross West and a 10-minute walk from Hendon station served by the Thameslink with access into Hampstead in 5-minutes and access to St Pancras International in 16-minutes. Planning permission has been granted for 63 residential units & 2 work/live units measuring approximately 54,665 sq ft (5,047 sq m) GIA (including ancillary space) and 44,229 sq ft (4,109 sq m) NSA. This project is a demolition, with a new build scheme. A positive pre-app has been issued for an additional floor on top of the consented scheme 21/1522/FUL for an additional 9 units, comprising a further 7,373 sq ft (685 sq m) GIA (including ancillary and roof terrace space) and 5,942 sq ft (552 sq m) NSA. Total redevelopment potential measures approximately 62,038 sq ft (5,764 sq m) GIA and 50,171 sq ft (4,661 sq m) NSA. The scheme includes 58 private residents parking spaces.