LOCATION

Ealing Road, Wembley

PROJECT TYPE

Residential Asset Management

Freehold 2,475 sq. ft building in key Asian retail location.

The building was purchased in May 2015 for £2.2m with vacant possession. Pre-completion a 7-year lease was agreed for the ground floor. We are currently working with architects and Brent council to develop the upper residential floors to create 7 self-contained flats. The site, with the benefit of the lease is worth c£3m. Once planning is approved this will exceed £4m.