Savills | The Hyde Electrical Works,, The Hyde, Edgware Road, London, NW9 6HH | Property for sale
Excess of £16,500,000

The Hyde Electrical Works,The Hyde, Edgware Road, London, NW9 6HH

    Key features

    • Planning permission for 244 residential units along with commercial floorspace
    • 159 Private Units – 9,720 sq m (104,626 sq ft) NSA
    • 77 Intermediate Units – 4,872 sq m (52,485 sq ft) NSA
    • 8 Affordable Rented houses – 886 sq m (9,537 sq ft) NSA
    • There is scope for greater massing to create additional residential units
    • Hendon rail station 800 metres to the south
    • For sale freehold with vacant possession

    A 1.02 hectares (2.52 acres) cleared site, previously occupied by a car showroom, warehouses and a car park.

    About this property

    • The site extends to 1.02 hectares (2.52 acres). Formerly occupied by a car showroom, warehouses and a car park, it has now been cleared and remediations works have been undertaken.

    Local information

    • The Hyde Electrical Works (T.H.E.W) is located in Hendon, north west London. This part of the capital has witnessed significant regeneration and will continue to do so, with three nearby designated Areas of Opportunity and Regeneration including the Colindale Action Area to the north, and Brent Cross/Cricklewood and West Hendon Regeneration areas to the south. The area is predominantly residential with a variety of commercial properties fronting Edgware Road (A5). Several of these are being brought forward for redevelopment to mixed-use residential led schemes. This includes the former Homebase site to the north, which is being built now, and the Sainsbury’s site to the south, where St. George have had a planning permission granted for a replacement store and high density residential scheme, with buildings up to 28 storeys.. A planning application has been made for a scheme comprising 470 apartments in buildings up to 24 storeys on the site to the immediate south. Amenities can be found all along the Edgware Road (A5), including the Sainsbury’s supermarket 100 metres to the south and the highly renowned Bang Bang Oriental food hall located 750 metres to the north. Brent Cross Shopping Centre is located 1.6 km (1 miles) to the south and Hendon Town Centre is 1.3 km (0.8 miles) to the east. Brent Cross will experience significant investment in infrastructure, housing and the retail and leisure offer available in coming years. Plans are in place for extensions and improvements to the existing shopping centre and the creation of a new town centre, a new overground station and upgrades to local parks alongside further new green spaces. This investment will be a significant benefit to this part of North London.