- RETAIL + UPPER PARTS RESIDENTIAL
- REDEVELOPMENT OPPORTUNITY
- OF INTEREST TO DEVELOPERS + INVESTORS
- PLANNING PERMISSION 3 FLATS
18 The Avenue was originally constructed around the turn of the 20th Century, and is mid-terraced.
The property is constructed over basement, ground and 3 additional storeys. An extension to the ground floor at the rear has been added at some point.
The premises is used as offices throughout. These provide cellular areas, meeting rooms, storage and server rooms, kitchen together with male and female WCs.
DEVELOPMENT: - Ref. no. 172285FUL
Subject to sign-off of Legal Agreement (which the vendor will resolve prior to completion of the sale), planning consent is to be granted for the conversion of the first, second and third floor into three self-contained dwelling units (Use Class C3); first and second floor level rear extensions; rear roof dormer window extension; formation of a roof terrace at first floor level; and associated external and internal alterations.
Full details and plans available on London Borough of Ealing Planning Portal.
Guide price: Offers in excess of £1,000,000.
Leaseback of rear ground floor area.
The vendor will leaseback the rear section of the ground floor for their continues use, being circa 99.71 sq. m (1,074 sq. ft.) GIA at an annual rental of £12,000 pax. on IRI terms.
We understand from the Valuation Office Agency website that the rateable value of the entire current ground floor and basement is £22,250.
2019 /2020 rates payable = approximately £11,214 per annum.
This should be reassessed following completion of the sale, as the rear section of the ground floor is to be split-off.
All applicants are advised to make their own enquiries through the billing Authority of London Borough of Ealing.
The building is not opted for VAT, therefore VAT is not applicable.
Details available from the agents.
Strictly through prior arrangement with sole agents Vokins
The property is approximately 6 miles west of Central London, and circa 7 miles of from Heathrow Airport.
The micro-location in which this property is situated generally comprises ground floor retail or alternative commercial space, with upper parts residential.
The nearest public transport links comprise West Ealing station, which is approximately 4 minutes’ walk from the property. The nearest London Underground station is Ealing Broadway which is approximately 4 minutes’ drive from the property. There are also bus routes available connecting to a variety of locations.