GREENFORD ROAD

The existing building currently comprises a ground floor commercial unit (3,565 sq ft GIA) let to Toolstation on a 10 year lease (expiring September 2031) and a vacant first floor commercial unit extending 3,000 sq ft GIA, in addition to 5 residential apartments (3 x Studios, 2 x 2 bed) situated on the second floor extending to 186 sq m NIA (2,002 sq ft). Planning permission (Ref: PP: 222669FUL & PP: 11379694) was granted in September 2022 for the conversion of the first and second floors into 9 self-contained residential units, in addition to construction of one additional floor to accommodate 4 further flats. This provides a total of 13 flats extending to 567 sq m (6,103 sq ft) of net saleable area and 3,565 sq ft of commercial space. All 5 of the flats are currently let on Assured Shorthold Tenancies (ASTs), and when combined with the commercial element, the building is achieving a gross rental income of £108,500 per annum.