NW10 12 & 12a Norbreck Parade, Alperton, London

Prominent Freehold Mixed-Use Building - Vacant or High Yielding Sale & Leaseback For 1-2 Years

A prominently positioned, three storey mixed use building comprising a retail unit with excellent frontage with rear workshops, and a self-contained three-bedroom split level maisonette above which currently being converted to a four-bedroom HMO which will conform to current HMO regulations with the Council's consent, as part of the sale. The upper residential accommodation also includes a private roof terrace and a garage, which are both unique features in this location. This mixed-use opportunity offers a flexible lease with immediate income, value add potential to enhance the capital value, thus is suitable for both investors and owner-occupiers alike.

Location Highlights

Prime NW London Location - Positioned in a highly visible location on well known Hanger Lane Gyratory System surrounded by an affluent residential neighbourhood and thriving retail parades.

Excellent Transport Links - Walking distance of three well connected underground and one overground station. Direct access to major arterial roads leading to Central London, Heathrow & the wider major motorway networks.

Strong Local Demand - a popular area for both young professionals and families, ensuring consistent residential and commercial interest.

Tenure

The building is held under two titles by same vendor:

12 Norbreck Parade - Ground Floor Commercial - Title No: AGL111070 - FREEHOLD 12a Norbreck Parade - Residential Accommodation - Title No: AGL105249 - LONG LEASEHOLD

Sale Structure

OPTION 1 - Available with full vacant possession

OPTION 2 - Sale and Leaseback. On completion of a sale, the vendor can sign a 1 -2 year leaseback agreement with a rental figure of £75,000 per annum under SNOBS CUSTOM CYCLES LTD (company number 10675682)

Residential Upper Parts

3-bedroom maisonette to be converted to a 4- bedroom HMO as part of the sale.

Price

Freehold vacant or freehold sale and leaseback price available on application.

Purchaser Profile

All offers will have to be supported with proof of funds or funding confirmation.

Fixtures & Fittings

The property to be sold in a cleared condition but the vendor may entertain separate negotiations for certain fixtures and fittings.

Anti-Money Laundering (AML) Requirements

Interested parties will be required to provide the appropriate information to satisfy current AML regulations at the stage Heads of Terms are agreed.

The property is located on Norbreck Parade, accessed off Priory Gardens A4005 which provides a direct route into North London and the M1 Motorway. The Hanger Lane Gyratory system is also in close proximity and provides direct access into Central London via the A40 Western Ave and to the wider motorway networks to include the M40, M25 and M4. Hanger Lane (Central Line), Park Royal (Piccadilly Line) and Stonebridge Park (Bakerloo Line) underground stations and Stonebridge Park overground station (Lioness Line) are all within walking distance of the property and various bus routes also service the area.

Travel Distances:

Hanger Lane Tube Station (Central Line) - 0.2 miles

Park Royal Tube Station (Piccadilly Line) - 0.6 miles

Stonebridge Park Tube & Overground Station (Bakerloo & Lioness Line) - 1.2 miles

A406 - 0.1 miles

A40 - 0.2 miles

M1 - 4.5 miles

M40 - 9.2 miles

M25 - 11.4 miles

Central London - 9.2 miles

Heathrow - 12 miles

Source: Google Maps

Corner plot, visible directly from the A406 NCR (100k vehicles passing daily*)

Freehold vacant or freehold sale and leaseback price available

1-2 Year leaseback from completion

Potential annual rental income of £75,000 rental income (8.43% Gross Yield)

Ground flr retail shop with workshop/warehouse to rear with direct access from the road

3-bedroom maisonette above currently being converted to 4-bedroom HMO

Ideal for an owner occupier to plan future move or investors to add value

Established and well-respected covenant in the custom motorcycle scene

Located in area of Northwest London that has constantly outperformed national trends

Potential for capital growth with added income security, through active asset management

*Source: Department for Transport