This property presents a compelling opportunity for investors and developers, situated on a prominent corner at the intersection of Popes Lane and Elderberry Road in Ealing, W5. The rectangular site encompasses approximately 0.8 acres and currently houses 42 residential flats spread across two separate buildings, offering a solid foundation for future development.
The site is particularly noteworthy due to its existing prior approval for the construction of 9 additional apartments, with the decision issued on February 14, 2024. This approval could significantly enhance the site's residential capacity in an area that is becoming increasingly popular. Although a proposal for an additional storey was previously declined, the Section 5 Notice associated with this planning decision highlights potential avenues for future enhancements through a revised application, allowing for flexibility as market conditions evolve.
In terms of legal frameworks, Section 5 Notices have been issued under the Right of First Refusal and are not reserved by leaseholders. This opens up various options for prospective buyers, though final negotiations may necessitate revisiting these arrangements based on the purchase price.
A feasibility study can be provided upon request to assist in evaluating the site's full development capabilities. Note that no structural survey has yet been completed.
The location itself offers significant advantages. A short distance from Ealing Broadway (1.4 km), residents will benefit from a lively mix of dining, shopping, and entertainment options. The area's transport links are robust, with several Underground and National Rail stations nearby—including Acton Town, South Ealing, and Ealing Broadway—facilitating easy commutes into Central London and beyond.
For those who appreciate green space, Gunnersbury Park and Lammas Park are just moments away, providing serene environments for recreation and leisure which add to the appeal of this residential development site.
Overall, this property stands out not only for its current offerings but also for its potential to evolve into a more extensive residential hub within one of West London's sought-after neighborhoods.
