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Mixed Uses for auction in Richmond Crescent, KT19

Create Alert 1 result Sorry, we currently do not have any listings in 0 miles of Richmond Crescent, KT19 - Please find below the nearest listings available.
D1/C3 Investment Opportunity with Development Potential (Subject to Planning)
Ground floor dental practice (Use Class D1) extending to approximately 1,238 sq ft (115 sq m) GIA subject to a 20 year lease, expiring 8th July 2034 with a passing rent of £22,000 per annum, subject to 4 yearly rent reviews to the open market rent.
Two maisonettes and three residential flats let on AST Agreements producing a gross income of £101,400 per annum.
Potential to construct a third storey extension (including mansard roof extension) in order to uniform the roof line with neighbouring properties and extend to the rear, subject to planning permission.
Opportunity to refurbish the existing buildings and improve amenity space to enhance rental growth and maximise income.
Long term opportunity to redevelop the entire site, subject to planning and vacant possession.
The total site area extends to 0.16 acres (0.06 ha) with double frontage to High Road.
DESCRIPTION
The site currently accommodates a two storey brick building with UPVC windows and pitched slate roof containing velux roof windows. The ground floor is used as a dental practice (no. 158 – 160) with residential units at the rear and on the first floor (no. 158a, 158b and 160a). The residential units are self-contained flats (2 x 4 beds and 1 x 2 bed) and accessed through a lockable door via an alley between no 158 and 156. There is a large garden to the rear of the property used for amenity space with a stone patio and two detached single storey brick built storage units with a felt flat roof. There is a former workshop building located to the rear of 156 High Road which has been converted into a two storey residential property (no. 156c and 156d) with UPVC windows and flat felt roof.

The residential units are self-contained flats (2 x 4 bed flats) and accessed directly from the courtyard, with an external metal staircase leading to the first floor flat, sheltered by a PVC corrugated roof. The site has its own access directly from High Road via vehicle or foot through a lockable entrance way. The concrete courtyard includes access rights within the title register for trade vehicles, for the purpose of off-loading goods through a side door within the courtyard and rights of way / entry on foot to and from the staircase of 156B and 156E (flats above entrance way excluded from the title).

LOCATION
158 - 160 High Road, Including Land and Building to the Rear of 156 High Road is located in Willesden, which is approximately 2.5 miles south east of Wembley Park, 4 miles north west of Paddington Station and 6 miles northwest of Charing Cross Station. The property is situated on the northern side of Willesden High Road, providing a good variety of local independent and national retailers, cafés and restaurants. The surrounding area largely consists of period three storey buildings (including mansard roof extensions), with ground floor shops fronting onto Willesden High Road and residential units above.

TENURE
Freehold

PLANNING
158 - 160 High Road, Including Land and Building to the Rear of 156 High Road has planning consent for D1 (Non-residential Institution) and C3 (Dwellinghouse) use. The properties are located within the London Borough of Brent and is not listed or situated within a conservation area or flooding zone.

The building to the rear of 156 High Road was a former workshop building for Gohil Fashions. Change of use from a workshop on the ground floor to a self-contained flat was permitted Monday 11th October 1999 as per planning application reference 99/1728. Change of use of the first floor from B1 (Business) to self-contained flat C3 (Dwellinghouse) was permitted Monday 13th July 1998 as per planning application reference 98/0706.

The potential to increase the height of 158 – 160 High Road, subject to planning, is demonstrated by the neighbouring property, 156B High Road, London, NW10 2PB, obtaining planning permission 7th March 2017 for the erection of a mansard roof extension to create a third floor with a 1 bedroom self-contained flat as per the planning reference 16/5562.

It is considered by The London Borough of Brent that any extension is not to cause unacceptable harm to the subject terrace or street scene and is recommended that any proposed design is to have a traditional appearance in-keeping with the building and area. The mansard is also to be set back from existing parapet walls, appearing subordinate, respecting the character of the building.

The proposed development is to be considered acceptable in terms of the standard of accommodation, character and appearance, impact upon neighbouring amenity, transport and is in accordance with relevant policies within the London Plan (2016), Brent’s Development Management Policy (2015) and SPG 17 “design guide for new development”.

PLANNING AUTHORITY
The London Borough of Brent

VAT
The property is not elected for VAT

NOTE
Exclusive finance terms are available upon request, please contact Ashley Elkin for more information:

Ashley Elkin
020 7198 2063
aelkin@lsh.co.uk

JOINT AUCTIONEERS
Lambert Smith Hampton Benjamin Quayle
020 7198 2199
bquayle@lsh.co.uk
158-160, High Road, London, NW10 2PB
D1/C3 Investment Opportunity with Development Potential (Subject to Planning)
Type: Flat, Healthcare, Mixed Use, Residential, Other Property Types & Opportunities
Location: 158-160 High Road, London, NW10 2PB
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