Continental House, 497 Sunleigh Road, Wembley, London | Property for sale | Savills
3,680 sq ft
Excess of £1,650,000(€1,962,127)

Continental House497 Sunleigh Road, Wembley, London

  • New
  • Sole agency
  • Freehold
Development land
3,680 sq ft

Key features

  • A North West London mixed-use development opportunity
  • The site currently comprises an office building arranged over 3 floors
  • Multi let to 27 tenants
  • A total passing rent of £160,080
  • Well connected, 0.3 miles from Alperton Underground Station
  • A Pre-Application was undertaken for a mixed use scheme by the previous owner
  • For Sale freehold, subject to the current leases
  • Guide Price: Offers in excess of £1,650,000

MIXED USE INVESTMENT / DEVELOPMENT OPPORTUNITY

About this property

  • The site comprises an office building arranged over 3 floors extending to 342 sq m (3,680 sq ft) as well as car parking for 19 vehicles, 27 out of 29 units currently let. The property is majority let, with 27 of 29 units occupied, producing a total income of £160,080 per annum. A breakdown of these leases are available in the dataroom.

Local information

  • The site is located 0.3 miles from Alperton Underground station at the south of Sunleigh Road within the London Borough of Brent. The immediate surrounding area is mixed in us, with a range of low rise residential, out of town retail and industrial, Alperton is undergoing significant regeneration with a cluster of high rise residential developments along Ealing Road as you approach Alperton centre.
  • Hanger Lane and Alperton provide a basic amenities and the site lies 0.8 km (0.6 miles) from a Sainsbury's Superstore and 0.6 km (0,6 miles) from Loon Fund Chinese Supermarket. The site has a PTAL rating of 5 (Very Good). The site is also 0.9 km to the north of Hanger Lane Underground Station (Central Line) which has direct services to Shepherds Bush (18 minutes), Oxford Circus (23 minutes) and Bank (31 minutes). The site is also 0.9 km (0.3 miles) to the south of Alperton Underground Station (Piccadilly Line) which has direct transport links to Earls Court and Kings Cross (Source: Tfl)

Additional information

  • The Property falls within the jurisdiction of the London Borough of Brent The site is not located within a conservation area. The sites within the Alperton Growth Area and is outlined for mixed-use residential development incorporating some replacement industrial and potential commercial leisure use at ground floor level.
  • A Pre- Application has been undertaken by the previous owner for:
  • 12No. Flexible, self contained office units comprising a total at 351 sqm and 9No. residential units comprising a mix of 1 Bedroom, 2 Bedroom and 3 Bedroom flats.
  • The vendor was not informed of the pre-application outcome.