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London HA9 - Freehold Light Industrial Investment with Development Potential

Guide price: POA|3,700 |Light industrial, Mixed use, Residential Land, General Industrial, Industrial Park, Other, Residential, Retail, Industrial, Other Property Types & Opportunities

Property details

SIZE3,700
ADDRESS4 Watkin Road, Wembley, Greater London, HA9 0YF
TYPELight industrial, Mixed use, Residential Land, General Industrial, Industrial Park, Other, Residential, Retail, Industrial, Other Property Types & Opportunities
TENUREUnder Offer
POSTED ON17th December 2021

Description

Investment Consideration:
Vacant possession
VAT is NOT applicable to this property
Comprises three light industrial units
Total area size of 342 sq m (3,700 sq ft)
Potential for residential development, subject to obtaining the necessary consents
Neighbouring developments recently granted
Currently approved developments on Watkin Road includes 2 x Mixed-Use Blocks of 174 and 219 units
Located within 0.3 miles from Wembley Park Tube station and 0.6 miles from Wembley Stadium
Occupies nearby include Co-Op Food, McDonalds, Starbucks, JD Sports, Currys, Boxpark and more.

Property Description:
The property comprises three light industrial units, previously used as a vehicle repair workshop, providing the following accommodation and dimensions:

Unit 1: Workshop 116 sq m (1,250 sq ft)
Unit 2: Workshop 116 sq m (1,250 sq ft)
Mezzanine Floor: 55 sq m (600 sq ft)
Unit 3: Workshop 55 sq m (600 sq ft)
Total area size: 342 sq m (3,700 sq ft)

Development Potential:
Residential development potential subject to obtaining the necessary consents.
Currently approved development projects on Watkin Road includes:
No. 1,2,3,9 Watkin Road - Development of mixed-use block consisting of 174 units
No. 10 Watkin Road (Barratt) - Development of mixed-use block consisting of 219 units

Location:
Wembley lies about 8 miles (13 km) west-northwest of Charing Cross, and includes the neighbourhoods of Alperton, North Wembley, Preston, Sudbury, Tokyngton, and the partly high-rise district of Wembley Park. Wembley has numerous Transport for London bus routes that run through its centre on High Road and is very close to the A406 North Circular Road. The A404 Harrow Road passes through its centre. The property is located within 0.3 miles from Wembley Park Tube station and 0.6 miles from Wembley Stadium. Wembley Park Retail Centre is located nearby which, occupies retailers such as Currys, McDonalds, Starbucks, Co-Op Food, Boxpark and more.

Location

marker
Location: 4 Watkin Road, Wembley, Greater London, HA9 0YF

Wembley Park (0.3 miles)

Wembley Central (1.1 miles)

Neasden (1.2 miles)

Wembley Stadium (0.2 miles)

Wembley Central (1.1 miles)

Stonebridge Park (1.2 miles)

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