This property presents a compelling opportunity for renovation and investment, set on a 0.13-acre plot. Currently functioning as a single-storey vehicle repair centre, it includes ancillary outbuildings and an advertising billboard. The site has substantial development potential, given the recently approved planning for the construction of a six-storey mixed-use building. This new development is set to feature four retail units on the ground and basement levels alongside twelve self-contained residential apartments, ranging from one to four bedrooms.
The existing structure encompasses approximately 445 sq m (4,790 sq ft) of usable space that can be repurposed or redeveloped as per the approved plans. The current tenant, A n H Motors, provides a steady rental income of £50,000 per annum under a lease that extends until October 2026, with the added benefit of full repairing and insuring covenants in place. Additionally, there is an electronic billboard on-site generating £10,000 per annum in rental income.
Located in Greenford, a densely populated area in West London approximately 9 miles from Central London, this property benefits from proximity to major transport links—including Greenford Rail Station and the Central Line Underground—offering easy access to central destinations. Moreover, the surrounding area boasts various retail outlets such as Lidl and Tesco Express along with dining options like Costa Coffee and KFC.
This combination of existing income streams and future development potential could appeal to investors looking to capitalize on the growing demand for both retail and residential spaces in this vibrant neighborhood. For further details on the approved planning application, please refer to reference 224272FUL on the Ealing Council planning portal.
