The Pavement, Ealing, W5
£
2499995
Available
No items found.
8
Beds
4
Reception
4
Baths
2615
Sq Ft
This corner plot building currently comprises 4 x 2 double bedroom flats, fully let. The location is prime, sited on the corner of the busy Popes Lane and Lionel Road, close to both South Ealing and Northfields Tube Stations and opposite Gunnersbury Park
- 4 x 2 Double Bedroom Flats
- Overlooking Gunnersbury Park
- Close to South Ealing and Northfields Tube Stations
- Development Potential
- Potential Schemes Basement & GF Retail circa 8-10 x Studio Flats
- Potential Scheme to Create Circa 12 x 1 & 2 Bedroom Flats
- Potential Scheme to Create Circa 16 Flats - 6 x 1 Bedroom and 10/12 Studios
The opportunity here is for a developer to add significant value in a variety of potential ways by increasing the number of units. There are a few different schemes that can maximise the gross development value as well as the rental income. Here are some example scenarios subject to buyers making their own enquiries with council for planning:
Option 1 Create circa 6 x 2 bedroom flats and 6 x 1 bedroom flats, by adding an extra floor and a mirror building to the rear of existing building.
Option 2 Create circa 16 flats - 6 x 1 bedroom and 10/12 studios
Option 3 Demolish existing building, create basement level, let ground floor and basement to supermarket (e.g Tesco Express or Co-Op) and create circa 8-10 x studio flats above.
Tenure: Freehold
Council Tax Band: TBC
Local Authority: Hounslow
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EPC
Kikku Maini
12
Years experience
Ealing
Kikku is an accomplished agent with almost a decade of experience to draw from having previously been at branch manager level for two leading local high street agents.
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