161 - 167 High Street, Acton W3 6LP
Offers in excess of £750,000
Development and investment opportunity
Planning permission granted to construct 4 self-contained flats extending to 1,660ft2
Alterations to existing retail units to provide two new smaller commercial units
ERV for the commercial units £35,000p.a
ERV for the residential units £50,000p.a
Vacant possession of the commercial space
Prime high street location
£1,200 Ground Rent income per annum
Offers in excess of £750,000
The existing property currently comprises three commercial units with rear storage space and 6 existing residential units that have been sold off on 125-year leases from 2002. Planning permission has been granted for the construction of a two-storey building comprising four self-contained studio flats and two reconfigured commercial units following the demolition of the rear part of the existing retail space.
Acton is a bustling, cosmopolitan location, with many bars, pubs, restaurants and coffee shops; there are excellent transport links to wherever you want to get to in London and beyond. The ever trendy Churchfield Road is within walking distance, with its various artisan bakeries and gastropubs. For green spaces, Springfield Gardens and Acton Park are both within walking distance.
With Crossrail at Acton Mainline station and the regeneration of the Oaks Shopping Centre both completing in 2019, Acton is fast becoming a sought-after but affordable place to live. Vast regeneration is also taking place in South Acton with the demolition of 1,800 homes on the South Acton Estate being replaced with 2,500 new homes.
Acton Central station (Overground) is a 9-minute walk from the site, Acton Town Station (Piccadilly and District lines) is an 11-minute walk away. Acton Mainline Station (forthcoming Crossrail) is a 15-minute walk away. Once Crossrail completes, Bond Street can be reached from Acton Mainline in only 9-minutes. By car, the North Circular Road is a mile away with links to Junction 1 of the M4.
Planning permission was granted on 9th August 2016 under planning reference PP/2013/1980 for the construction of a two-storey building comprising of 4 self-contained studio units with associated landscaping following the demolition of the rear part of the retail units.
Strictly by appointment only.
An alternative scheme has been drafted, the layout of which would remove less commercial space whilst providing larger flats.
Freeholder rights have been retained to alter at will without need to revert to lessees of flats above.
Planning and other related documents will be sent in the form of an information pack that can be requested from a member of the Highfield Team.
The property is liable for a Mayoral & Ealing CIL of approximately £10,100
We understand that VAT is not applicable.
Highfield invite offers in excess of £750,000 subject to contract.
Please note the information provided by Highfield Investments London Limited, trading as Highfield Investments has been given in good faith, however all parties must undertake their own due diligence to satisfy themselves in regards to accuracy.