Prominent freehold development and open storage site in London, offering an opportunity to acquire a consented aparthotel development site or occupy the property on a short-term basis.
The site extends to approximately 22,651 sqft and currently comprises former commercial buildings that are to be demolished, creating a secure, level, hard-surfaced open storage site. The property benefits from power and water and occupies a prominent corner position with convenient access to the M1 and A406.
Planning permission has been granted for a substantial six-storey scheme above a basement, incorporating 152 aparthotel rooms. The approved development also includes 3,401 sqft of ground-floor co-working space, 5,296 sqft of bar and restaurant space, 13 basement parking spaces, a swimming pool, gym and cycle storage facilities.
The freehold is available for £7,000,000. Alternatively, the property is available on a short-term licence at £100,000 per annum on rolling three-month terms, providing flexibility for occupiers seeking secure open storage space ahead of redevelopment.
VAT is not applicable to the property.
