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Industrial unit Latimer Rd 6,006 sq ft Industrial Property London W10 6RQ £2,500,000 (£416.25/sq ft)
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 | £2,500,000 | Costar Property Class | C |
| Price per sq ft | £416.25 | Total Plot Size | 0.17 ac |
| Sale Type | Investment or Owner Occupier | Net Internal Area (NIA) | 6,006 sq ft |
| Sale Condition | Redevelopment Project | No. Floors | 1 |
| Tenure | Freehold | Year Built | 1990 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Allocation | 0.99/1,000 sq ft |
| Price | £2,500,000 |
| Price per sq ft | £416.25 |
| Sale Type | Investment or Owner Occupier |
| Sale Condition | Redevelopment Project |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | C |
| Total Plot Size | 0.17 ac |
| Net Internal Area (NIA) | 6,006 sq ft |
| No. Floors | 1 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Allocation | 0.99/1,000 sq ft |
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Industrial unit | Latimer Rd
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