Summary
| Property Type | Investment / Motortrade / Residential / Retail / Trade Counter |
| Tenure | For Sale |
| Size | 1,271 sq ft |
| Rates Payable | Interested parties are advised to contact the London Borough of Ealing to obtain this figure. |
| Service Charge | n/a |
| EPC Rating | Property graded as Commercial – E (109) / Residential – D (57) |
- Corner plot, visible directly from the A406 NCR (100k vehicles passing daily*)
- Freehold vacant or freehold sale and leaseback price available on application
- 1-2 Year leaseback from completion
- Potential annual rental income of £75,000 rental income (8.43% Gross Yield)
- Ground flr retail shop with workshop/warehouse to rear with direct access from the road
- 3-bedroom maisonette above currently being converted to 4-bedroom HMO
- Ideal for an owner occupier to plan future move or investors to add value
- Established and well-respected covenant in the custom motorcycle scene
- Located in area of Northwest London that has constantly outperformed national trends
- Potential for capital growth with added income security, through active asset management
- *Source: Department for Transport
About
A prominently positioned, three storey mixed use building comprising a retail unit with excellent frontage with rear workshops, and a self-contained three-bedroom split level maisonette above which currently being converted to a four-bedroom HMO which will conform to current HMO regulations with the Council’s consent, as part of the sale. The upper residential accommodation also includes a private roof terrace and a garage, which are both unique features in this location. This mixed-use opportunity offers a flexible lease with immediate income, value add potential to enhance the capital value, thus is suitable for both investors and owner-occupiers alike.
Accommodation
| Description | sq ft | sq m |
| Ground Floor Retail | 689 | 64.01 |
| Ground Floor Workshops | 582 | 54.07 |
| Total | 1,271 | 118.08 |
Location
The property is located on Norbreck Parade, accessed off Priory Gardens A4005 which provides a direct route into North London and the M1 Motorway. The Hanger Lane Gyratory system is also in close proximity and provides direct access into Central London via the A40 Western Ave and to the wider motorway networks to include the M40, M25 and M4. Hanger Lane (Central Line), Park Royal (Piccadilly Line) and Stonebridge Park (Bakerloo Line) underground stations and Stonebridge Park overground station (Lioness Line) are all within walking distance of the property and various bus routes also service the area.
Mainline Stations
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Stonebridge Park21 mins
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Ealing Broadway25 mins
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Wembley Central27 mins
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Harlesden29 mins
Underground Station
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Hanger Lane3 mins
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Park Royal10 mins
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Alperton13 mins
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North Ealing20 mins
Further Information
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Tenure
The building is held under two titles by same vendor:
12 Norbreck Parade – Ground Floor Commercial - Title No: AGL111070 - FREEHOLD
12a Norbreck Parade – Residential Accommodation - Title No: AGL105249 - LONG LEASEHOLD -
VAT
We have been advised the sale will not be subject to VAT.
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Anti-Money Laundering (AML) Requirements
Interested parties will be required to provide the appropriate information to satisfy current AML regulations at the stage Heads of Terms are agreed.
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Disclaimer
None of the amenities have been tested by Telsar.
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Travel Distances
Hanger Lane Tube Station (Central Line) - 0.2 miles
Park Royal Tube Station (Piccadilly Line) - 0.6 miles
Stonebridge Park Tube & Overground Station (Bakerloo & Lioness Line) - 1.2 miles
A406 - 0.1 miles
A40 - 0.2 miles
M1 - 4.5 miles
M40 - 9.2 miles
M25 - 11.4 miles
Central London - 9.2 miles
Heathrow - 12 miles
Source: Google Maps -
Location Highlights
Prime NW London Location – Positioned in a highly visible location on well known Hanger Lane Gyratory System surrounded by an affluent residential neighbourhood and thriving retail parades
Excellent Transport Links – Walking distance of three well connected underground and one overground station. Direct access to major arterial roads leading to Central London, Heathrow & the wider major motorway networks.
Strong Local Demand – a popular area for both young professionals and families, ensuring consistent residential and commercial interest. -
Sale Structure
OPTION 1 – Available with full vacant possession
OPTION 2 – Sale and Leaseback. On completion of a sale, the vendor can sign a 1 -2 year leaseback agreement with a rental figure of £75,000 per annum under SNOBS CUSTOM CYCLES LTD (company number 10675682) -
Purchaser Profile
All offers will have to be supported with proof of funds or funding confirmation.
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Fixtures & Fittings
The property to be sold in a cleared condition but the vendor may entertain separate negotiations for certain fixtures and fittings.
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Price
Freehold vacant or freehold sale and leaseback price available on application.
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Leaseback Terms
A lease term of 1-2 years can be signed on completion of the sale
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EPC Rating
Commercial – E (109) / Residential – D (57)
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Residential Upper Parts
3-bedroom maisonette to be converted to a 4- bedroom HMO as part of the sale.
Gallery
