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8 bed flat
Sonic House, West Ealing, London W13
Planning
£1,500,000
Next Steps
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Our Summary
- 25% if the additional 2 bed room flat is developed - STPP
- Potential to add further value to the asset - lapsed planning for an additional 2 bed flat
- This is an ideal opportunity to secure a freehold residential investment asset with further development potential in a thriving West London location
- The asset also benefits from additional development potential, with previously approved planning under reference 215916FUL for a new two-bedroom apartment
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Description
The property is a four-floor warehouse conversion, with four self-contained two-bedroom apartments, all currently let on assured shorthold tenancies. The building has a high standard of renovation, benefits from air conditioning, and has a low maintenance cost with a management fee of 4%. The property has previously approved planning permission for an additional apartment, although this consent has now lapsed.