Freehold Industrial Investment with Residential Redevelopment Potential
Let until 2027 (subject to option)
Comprises Workshop, offices and Substantial yard area
Approximately 0.48 Acres (0.19 Hectares) and a site coverage of 22%.
500 metres from Alperton Underground station
Planning consent for 9 houses
Lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954
Lot 9
Auction 25th March 2021
Rent £115,000 per Annum Exclusive
Status Sold Post
Price
Sector Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
1.5 miles south west of Wembley Stadium
8 miles north-west of Central London
Roads
A406 North Circular Road, A40, M40, M25
Rail
Alperton Underground (Piccadilly), Hanger Lane Underground (Central)
Air
London Heathrow, London City Airport
Situation
Alperton is a popular suburb located 1.5 miles south west of Wembley stadium and less one mile of Hanger Lane. Sunleigh Road is predominantly a residential street leading the Grand Union Canal and a small Industrial Estate. The property is situated on the east side of Sunleigh Road behind residential houses and adjacent to the Industrial estate. The property benefits from being 500 metres from Alperton Underground station (Piccadilly Line). Alperton has benefited from significant recent residential developments adjacent to the Grand Union Canal.
Tenure
Freehold.
Location
Miles
1.5 miles south west of Wembley Stadium
8 miles north-west of Central London
Roads
A406 North Circular Road, A40, M40, M25
Rail
Alperton Underground (Piccadilly), Hanger Lane Underground (Central)
Air
London Heathrow, London City Airport
Situation
Alperton is a popular suburb located 1.5 miles south west of Wembley stadium and less one mile of Hanger Lane. Sunleigh Road is predominantly a residential street leading the Grand Union Canal and a small Industrial Estate. The property is situated on the east side of Sunleigh Road behind residential houses and adjacent to the Industrial estate. The property benefits from being 500 metres from Alperton Underground station (Piccadilly Line). Alperton has benefited from significant recent residential developments adjacent to the Grand Union Canal.
Tenure
Freehold.
Description
The property is a former ambulance station, now occupied and used as a Motorcycle sale and maintenance workshop, as well as offices.
The property benefits from a significant yard area used as a motorcycle training area. The property has an approximate site area of 0.48 Acres (0.19 Hectares) with a site coverage of some 22%. The building comprises a workshop/cafe on the ground floor and offices on the 1st floor.
VAT
VAT is applicable to this lot.
Planning
The London Borough of Brent has granted planning permission under planning Application No: 18/0320 for the demolition of the existing building and redevelopment of the site with 9 houses comprising a terrace of 7 x 3 storey townhouses (5 x 3 bed and 2 x 4 bed) and 2 x detached 2 bedroom bungalows each with private gardens and associated car parking, landscaping, refuse and bike storage. A copy of the planning consent is available in the legal pack.
Completion Period
Six Week Completion
EPC
Band C. See legal pack.
Description
The property is a former ambulance station, now occupied and used as a Motorcycle sale and maintenance workshop, as well as offices.
The property benefits from a significant yard area used as a motorcycle training area. The property has an approximate site area of 0.48 Acres (0.19 Hectares) with a site coverage of some 22%. The building comprises a workshop/cafe on the ground floor and offices on the 1st floor.
VAT
VAT is applicable to this lot.
Planning
The London Borough of Brent has granted planning permission under planning Application No: 18/0320 for the demolition of the existing building and redevelopment of the site with 9 houses comprising a terrace of 7 x 3 storey townhouses (5 x 3 bed and 2 x 4 bed) and 2 x detached 2 bedroom bungalows each with private gardens and associated car parking, landscaping, refuse and bike storage. A copy of the planning consent is available in the legal pack.
Completion Period
Six Week Completion
EPC
Band C. See legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground First
Workshop/Café Offices
384.64 sq m 137.72 sq m
(4,140 sq ft) (1,482 sq ft)
ACCIDENT MANAGEMENT SOS LIMITED (CRN 12097685)
8 years from 27/9/2019 on a full repairing and insuring lease (1)
£115,000 (2)
27/09/2023 (26/09/2027)
Total
522.36 sq m
(5,622 sq ft)
£115,000
(1) The lease provides for a tenant option to determine on 27/09/2024 and is outside of the security of tenure provisions of the Landlord and Tenant Act 1954. (2) The tenant is paying the rent on a monthly basis.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
