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Freehold Commercial Development Opportunity

For sale: £700,000.00|3,310 Sq Ft|Industrial, Office, Light Industrial, Distribution Warehouse, General Industrial, Industrial Park, Warehouse, Storage, Business park, Mixed Use, Offices, Other Property Types & Opportunities

Property details

FOR SALE£700,000.00
SIZE3,310 Sq Ft
ADDRESSVillage Way, Pinner, HA5
TYPEIndustrial, Office, Light Industrial, Distribution Warehouse, General Industrial, Industrial Park, Warehouse, Storage, Business park, Mixed Use, Offices, Other Property Types & Opportunities
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON25th October 2022

Description

Summary

The site is currently occupied by an industrial unit being used as a car wash on a flexible license at £18,000 p.a. The owner has reinstated the lapsed consent for change of use to an office as the path of least resistance, however consultants have advised that there is scope for residential development subject to the necessary consents.

The site has the benefit of planning consent approved from Harrow Council under reference P/4647/18 for redevelopment to provide detached part single, part 2 and 3 storey building for 15 business units, Use Class E and new vehicle access.

The site occupies a prominent position 3 minutes' walk from Rayners Lane Station right next to a number of local shops and amenities.

The consent provides 6 allocated car parking spaces.

Gross Internal Area 621.31 sqm/6,687 sqft

Description

**Development Opportunity**

-The site is currently occupied by an industrial unit being used as a car wash, but has the benefit of planning consent approved from Harrow Council under reference P/4647/18 for redevelopment to provide detached part single, part 2 and 3 storey building for 15 business units, Use Class E and new vehicle access.
-The owner has reinstated the lapsed consent for change of use to an office as the path of least resistance, however consultants have advised that there is scope for residential development subject to the necessary consents.
-Currently producing £18,000 per annum on a flexible license.
-The ERV of the units when built are approx. £20 per sqft which would generate an income when fully let of approx. £134,000 p.a.x.
-We understand that the ground floor units can be used for industrial type use and plan to have a roller shutter industrial access.
-The approved accommodation will provide the following:
-6 allocated car parking spaces
-Gross Internal Area 621.31 sqm/6,687 sqft

Location

The site occupies a prominent position 3 minutes' walk (0.2miles) from Rayners Lane Station right next to a number of local shops and amenities. There are a number of schools nearby including "Longfield Primary School" and "Whitmore High School". There is also a medical centre, nursery, McDonalds and Waitrose.

Services

Electric, Water.

Rent

£18,000 per annum pax

Business Rates

£12,750 (1 April 2017 to Present)

Location

marker
Location: Village Way, Pinner, HA5

Rayners Lane (0.2 miles)

North Harrow (0.6 miles)

West Harrow (0.8 miles)

Harrow-on-the-Hill (1.5 miles)

Northolt Park (1.5 miles)

Harrow and Wealdstone (1.8 miles)

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