| Property Type | Development / Development / Open Storage |
| Tenure | To Let / For Sale |
| Size | 0.52 Acres |
| Price | £7,000,000 |
| Rent | £100,000 per annum |
| Business Rates | Interested parties to contact the local council to obtain this figure |
| VAT | We have been advised VAT is not applicable. |
| Energy Performance Rating | Upon enquiry |
The property occupies a highly prominent position fronting the A5 Edgware Road at its junction with Springfield Mount within the established Colindale District of North West London. The surrounding area comprises a mixture of residential and commercial uses, including numerous motor dealerships, a 99-bedroom Premier Inn and several significant residential developments, including a scheme comprising approximately 387 apartments nearby.
Colindale Underground Station (Northern Line) lies approximately one kilometre to the North which provides frequent and direct services into Central London with a journey time of under 30 minutes.
The property comprises a former pub/restaurant shisha lounge together with an adjoining retail building occupying a prominent corner site. The existing structures are to be demolished, creating a secure, level hard-surfaced open storage site. The property further benefits from a planning consent for 152-bed aparthotel together with co-working space, bar/restaurant facilities, gym and a swimming pool.
The site benefits from planning permission (Under ref: 23/3365) for the construction of a six-storey scheme above basement which will provide:
• 152 'Aparthotel Rooms'
• Ground floor Co-Working space (3,401 sq ft GIA)
• Bar / Restaurant space of (5,296 sq ft GIA)
• Basement with 13x car parking spaces
• Basement swimming pool, gym
• Basement cycle storage facilities
Freehold registered under three separate titles: NGL708986, NGL478862, AGL582842
Leasehold - The property is available by way of a short-term licence on rolling three-month terms.
Freehold - Offers are sought in the region of £7,000,000 (Seven Million Pounds), exclusive of VAT.
Leasehold - £100,000 per annum
All measurements are approximate and should be verified by interested parties.
| Description | sq ft | sq m |
|---|---|---|
| Site Area | 22,651 | 2,104.35 |
| Total | 22,651 | 2,104.35 |
Strictly by appointment through the sole agents.
Interested parties will be required to provide the appropriate information to satisfy current AML regulations at the stage Heads of Terms are agreed.
None of the amenities have been tested by Telsar.
