Description

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.

Location

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.

Transport

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

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.

Viewings

Strictly by appointment only.

Additional Information

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.

Financial Contributions

The property is liable for a Mayoral & Ealing CIL of approximately £10,100

VAT

We understand that VAT is not applicable.

Tenure

Freehold.

Terms

Highfield invite offers in excess of £750,000 subject to contract.