Key features
Rare opportunity to purchase a detached freehold block of flats with planning permission for 8 additional flats, and benefits from 14 garages and grounds.
Situated off Greenford Road with both Sudbury Hill (Piccadilly line) and Sudbury Hill Harrow (Mainline) stations being 0.2 miles away
Description
A detached 1930 residential block of flats arranged over part lower ground floor, ground and 2 uppers floors. The block comprises 12 flats which are all sold off on long leases. The property is of traditional construction with a flat roof. Some of the garages form part of the lower ground floor and there is a further small block of garages in the grounds. Most of the garages are retained as part of the freehold with the exception of one which has been sold off.
Proposed Scheme:
Planning permission was granted by Harrow Council ref: P/0876/21/PRIO on 26 May 2020 for the construction of an additional two storeys of development containing 8 flats on an existing detached block of flats.
The additional flats will comprise 4 x 2 bedrooms and 4 x 1-bedroom flats with a total proposed NIA 4,768 Sq. Ft. The anticipated GDV of the scheme will be circa £2.665 m, which breaks back to approx. £550 psf.
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