Prime residential conversion development opportunity

Property comprises of an attractive courtyard office scheme in a ‘townhouse style’ totalling 21,959 sq ft GIA, located within the affluent and West London suburb of Chiswick. The area is characterised by its population of affluent young professionals and families, its upmarket residential offering, extensive amenities and vibrant feel. The property sits directly opposite Chiswick Park Underground station, providing excellent accessibility. Property is arranged over ground and 2 upper storeys with thin ‘L-shape’ floor plates which convert naturally for residential and is situated on a rectangular site extending to 0.43 acres (0.18 hectares). The property benefits from existing consents for the creation of 39 prime residential flats, with a mix of 1 & 2 bed units. These have been achieved via a change of use (Class MA) consent and a vertical extension (Class AA) consent and therefore there is no requirement for affordable housing as part of the development. Subject to final technical design, the development could be commenced immediately, allowing for the rapid delivery of high-quality units and a short project completion timeline. Realistic planning gain opportunities exist to increase the scheme’s massing up to 55 units, which equates to an uplift of 16 units / 41% over and above the consented scheme, via the creation of an additional storey and infill development. The property benefits from 11 car parking spaces at courtyard level and 47 spaces at basement level, offering the ability to generate significant revenue via letting or sales, or to convert to alternative use (e.g. for self- storage or a gym). Current provisional income from the property of £26,880 pa, with full vacant possession being achievable on 1 month notice, from May 2025 onwards.