30-44 Crown Street, Acton, Acton, Acton, W3 8SB, London, Europe
Opportunity to purchase freehold site with planning permission to demolish the existing retail units and construct a private mixed use development in Acton (Cross Rail Location)
The subject property benefits from full planning permission granted by Ealing Council on 03/02/2017 under reference '161873FUL' for the 'construction of part two storey, part three storey building containing 6 residential flats (3 x 1 bed & 3 x 2 bed), 1 x 3 bed dwelling house and 3 commercial units (2 x Commercial Units (Use Class A1/A2/A3) and 1 x Commercial Units (Use Class D1)); incorporating cycle storage, refuse & recycling stores (following the demolition of the existing building)'.
The existing site comprises 7 x self contained retail units which are under a combination of licenses and leases. As part of the sale only 2 units will be sold with tenants in occupation with leases being in place on both units. In order to deliver vacant possession on the units, section 25 notices will need to be served to tenants to enact the development break clauses giving tenants a maximum of 12 months notice. Statutory compensation will be payable to both tenants.
We believe while vacant possession is being obtained by a purchaser, there is also an opportunity to improve the existing planning consent. There is the possibility to apply for more units and also remove the proposed basement.
We are inviting offers in excess of £1,950,000 for the freehold interest with the benefit of full planning permission on the site.