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Argyle Road, Ealing, London W13

RESIDENTIAL DEVELOPMENT OPPORTUNITY & GROUND RENT INVESTMENT
For sale
  • Existing three storey block of 15 apartments with prior approval to build a two storey roof development to provide an additional 10 apartments.
  • Located 0.4 miles from Castle Bar Park Station (9 min walk), 0.6 miles from Drayton Green Station (13 min walk), 0.6 miles from West Ealing Station (13 min walk) and 1.2 miles from Ealing Broadway Station (6 min drive).
  • Prior approval has been granted for a rooftop development to include the construction of a third and fourth floor to accommodate 10 self-contained residential units and provision of associated cycle and bin store (Prior Approval Application, under Part 20, Class A New Dwelling houses on detached blocks of flats) Ealing Council Ref No: 203326 PANDF.
  • The rooftop development will comprise 10 apartments, 8 x 2 bed, 2 x 1 bed - 5,726 sq ft / 532 sq m (NIA).
  • The sale will also include the benefit of the ground rent income - in the existing building 2 leases are sold on a peppercorn ground rent with the other 13 flats producing an income of £1,725 per annum (sold on individual long leasehold interests). Further information is available upon request.
  • Service charge for the existing 15 apartments in 2021/21 totals £19,380 pa.
  • CIL Liability - £10,848.43.
  • Guide Price £1,500,000 (One Million, Five Hundred Thousand Pounds) Subject to Contract.
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