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Industrial unit Latimer Rd 6,006 SF Industrial Building London W10 6RQ $3,377,967 ($562.43/SF)
Investment Highlights
- Highly attractive location for both commercial and residential occupiers, supporting a wide range of future uses.
- Positioned in fashionable Notting Hill, offering strong residential demand, excellent transport links and a diverse commercial environment.
- Located within an established urban neighbourhood benefitting from shops, cafés, studios, leisure amenities and ongoing regeneration.
Executive Summary
A 0.17-acre (0.06 ha) site comprising commercial warehouse and office accommodation with forecourt and car parking.
Existing floor area measuring approx. 558 sqm (6,006 sqft).
Planning has been granted to create 8 private residential apartments and approx. 9,607 sqft of flexible commercial space (Use Class E).
The total proposed residential NIA is approx. 493 sqm (5,306 sqft).
The total proposed GIA is approx. 1,860 sqm (20,025 sqft).
Each apartment will benefit from private amenity space.
The estimated CIL payment is approx. £191,276 and S106 contribution is approx. £89,138.58.
The consent also presents the opportunity to enhance the scheme further by utilising the approved GIA more efficiently, with potential to reduce the Class E commercial provision and increase the residential accommodation, subject to the necessary planning consents.
The property is for sale freehold with vacant possession.
Existing floor area measuring approx. 558 sqm (6,006 sqft).
Planning has been granted to create 8 private residential apartments and approx. 9,607 sqft of flexible commercial space (Use Class E).
The total proposed residential NIA is approx. 493 sqm (5,306 sqft).
The total proposed GIA is approx. 1,860 sqm (20,025 sqft).
Each apartment will benefit from private amenity space.
The estimated CIL payment is approx. £191,276 and S106 contribution is approx. £89,138.58.
The consent also presents the opportunity to enhance the scheme further by utilising the approved GIA more efficiently, with potential to reduce the Class E commercial provision and increase the residential accommodation, subject to the necessary planning consents.
The property is for sale freehold with vacant possession.
Property Facts
| Price | $3,377,967 | Building Class | C |
| Price Per SF | $562.43 | Lot Size | 0.17 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 6,006 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| Tenure | Freehold | Year Built | 1990 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.99/1,000 SF |
| Price | $3,377,967 |
| Price Per SF | $562.43 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.17 AC |
| Rentable Building Area | 6,006 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 0.99/1,000 SF |
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Industrial unit | Latimer Rd
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