Mixed use investment FREEHOLD property for sale in dominant west London high street, with consented residential development
- Net internal floor area of 7,735 sq. ft (719 sq. m)
- Substantial three storey terrace
- Architectural conversion plans and approved council planning permission for 21 HMOs and 4 communal / living spaces
- Income producing
- New 10 year lease for ground floor restaurant granted on a rent of £90,000 / annum
- Rear off street parking
Location
The property is located directly opposite Argos and Primark on Hounslow's vibrant high street. It is very well served for local amenities including a variety of shops, restaurants, cafes and small businesses as well as the Treaty and Blenheim Centres, which offer a great range of shops and events.
Superbly serviced by public transport, a short walk from the Piccadilly Line accessed from both Hounslow East and Hounslow West Underground Stations; overground trains via the Southeastern Railway Line, ample bus routes including 237 and H20 and a 15 minute jouney time to London's Heathrow Airport.
Accommodation
A superb investment opportunity, this large, three storey property has an approximate internal floor area of 7,735 sq. ft (719 sq. m). Architects plans and council planning approval are available to refurbish and expand to four storeys, with an approximate internal floor area of 1,012 sq. m (10,892 sq. ft).
The ground floor is smartly fitted out and run as a Turkish restaurant, comprising kitchens, deli counter, bar area and WC, with fixtures and fittings including suspended ceiling lighting and an approximate cover capacity of 200.
The upper floors are currently vacant, stripped of all fixtures and ripe for refurbishment and extension, for which architects plans have been drawn up and planning permission approved (Class C4 - 'Houses in multiple occupation'). There is ample off street parking for 6 cars to the rear of the property.
Specification
Planning drawings and designs were created for the proposed conversion and extension of the vacant upper floors. The detailed plans are available to view and include:
- conversion of 1st and 2nd floors into residential units;
- creation of 21 HMOs and 4 communal / living spaces;
- creating a new roof extension over the 2nd floor;
- renovating and improving the existing facade;
- creating enclosed terrace spaces.
Planning permission for this conversion was approved by the London Borough of Hounslow Housing, Planning and Communities in August 2018 and the approval for works to begin runs until 2021.