Summary - SUITE E SECOND FLOOR, ALLIED SAINIF HOUSE, 412, GREENFORD ROAD UB6 9AH
24 bed 1 bath Residential Development
**Standout Features:**
- Freehold property located on a 0.13-acre plot.
- Currently functions as a single-storey vehicle repair center.
- Approved plans for a six-storey building featuring 4 retail units and 12 residential apartments.
- Total approved GIA: 1,330 sq m (14,320 sq ft).
- Existing lease yields a rental income of £60,000 per annum.
- Excellent location with nearby retailers like Lidl and Tesco Express.
**Potential Concerns:**
- Current tenant lease has only 3 years left, which could deter mortgage lenders.
- High crime rate in the local area may affect investment desirability.
**Summary:**
Unlock the potential of this freehold residential development located at 412 Greenford Road, Greenford, with approved planning for a modern six-storey building designed to host 4 retail units and 12 self-contained residential dwellings. This prime site, set on a 0.13-acre plot, is poised for transformation, featuring thoughtfully planned layouts that cater to diverse lifestyles—perfect for investors or developers looking to capitalize on a growing suburban market. Enjoy a strong rental income from existing tenants while you plan for a future of mixed-use living in vibrant Greenford, complemented by exceptional transportation links and an array of shops and amenities within walking distance.
However, potential buyers should note the short lease remaining with current tenants and the area's high crime rate, which could pose challenges regarding financing and tenant retention. Seize this opportunity to create a thriving residential community in an up-and-coming area!
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