Bollo Bridge Road, Acton, London W3

DESCRIPTION:

The property comprises a 2-storey red brick office building with associated steel frame external storage areas and workshops. The existing buildings on the site extend to approximately 4,553ft² with the overall site area extending o 0.41 acres.

The vendor currently occupies the site and is used as a timber and builder's merchants.

LOCATION:

The property occupies a prominent position on the corner of Bollo Bridge Road and Acton Lane, Acton within the London Borough of Ealing.

he immediate area has seen significant redevelopment with the property located near to Acton Gardens masterplan, a JV between Countryside and L&Q which will deliver in excess of 3,400 new homes when complete.

South Acton overground station (0.3 miles) and Acton Central overground station (0.6 miles) are both within walking distance of the property.

PLANNING:

A resolution to grant planning permission (reference: 217146FUL) was given on 2nd May 2024 for the demolition of the existing buildings and redevelopment of the site to provide a block of 32 x residential apartments (13 x 1 bed, 16 x 2 bed and 3 x 3 bed units) and a terrace of 3 x mews houses (1 x 3 bed and 2 x 4 bed), with associated car and cycle parking.

The proposed development will provide 33,228ft² of residential space and benefit from 18 car parking spaces by way of a basement car park.

A section 106 agreement is in draft form which obligates for £468,801 in financial contributions with all of the residential units for private sale.

A CIL liability of approximately £185,220 is also applicable. Please note that this is an indexed estimate as of September 2024 and should not be relied upon, any prospective purchasers should undertake their own analysis.

TENURE:

The property will be sold Freehold with vacant possession upon completion.

VAT:

We understand the property is not elected for VAT.

TERMS:

Offers invited in the region of £6,000,000 for the freehold interest.