Sunday, 20 May 2012




£1.8 million   BELMONT ROAD   UXBRIDGE

INVESTMENT / DEVELOPMENT OPPORTUNITY WITH PLANNING PERMISSION 27 APARTMENTS


Location:
Uxbridge is a sought after town located within the London Borough of Hillingdon, approximately 15 miles North West of Charing Cross. The property is situated at the corner of Belmont Road and Retford Way. Uxbridge Underground Station is in close by which provides services via both Metropolitan and Piccadilly Lines with connections to the City, West End and Heathrow Airport.
Opportunity:
The property comprises a two-storey premises fronting Belmont Road currently arranged as 2 retail units with offices above.
To the rear is a further two-storey unit currently arranged as a gym.
The property also benefits from planning permission to create nine residential units within a new 2nd and 3rd floor extension.
The property is part-let as per the schedule and currently produces £93,000p.a.
There is significant potential to increase the current rental income by carrying out lease renewals and letting the vacant office space.
Development:
The property benefits from planning permission on 24th November 2009 under reference APP/2009/379 for two additional stories to provide 5 x 1, 3 x 2 and 1 x 3 bedroom apartments.
The site offers further potential by way of conversion of the existing first floor office space into residential accommodation.
Indicative plans have been prepared to show how the entire site could be comprehensively redeveloped with a scheme comprising 27 apartments and retail space.

Contact Mark Greenwood

07716023743

conceptpropertysolutions@gmail.com

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