Windsor Road, W5
£1,750,000
A substantial semi-detached building in a sought after residential area
Approximate existing floor area of 2,389 sq ft (222 sq m)
Currently arranged as 5 self-contained apartments
Investment / Development opportunity
Prime Ealing location
No chain
The total current rent reserved is £98,049 per annum.
Potential to extend STPP
Description
A substantial end of terrace period building in a sought-after residential area arranged as 5 self-contained apartments.
The property is a semi-detached period building arranged over lower ground, raised ground and two upper floors to provide five self-contained flats:2 x studio flats and 3 x 2 bed flatsFlats C, D & E (3 x two bed flats) which are situated on the raised ground to second floors, are accessed from the main front steps and benefit from a door entry telephone system. Flats A & B (2 x studio) occupy the entire lower ground floor and are both accessed directly from the side of the building and have their own front doors. The flats benefit from gas fired boilers providing hot water and central heating. The kitchens also benefit from gas hobs. The building is fitted with a fire alarm system. Externally, the property benefits from a communal rear garden. Close to 1000- sq ft.ConditionThe flats are all in typically average to good tenanted condition and have been periodically redecorated and refurbished when required for re-letting.Tenancies Each flat is currently let subject to Assured Shorthold Tenancy agreement with lettings typically arranged via the local Authority with tenants receiving either Universal Credit / Housing Benefit. The Vendor's Managing Agent currently collects the rent payable for each flat directly from the Local Authority. The total current rent reserved is £95,649 per annum.Reconfiguration / Extension Potential The opinion is that the building could be enhanced through reconfiguration and extension, subject to obtaining all necessary consents. The Vendor's architect has prepared a Feasibility Study which includes drawings for proposed works to extend the building at the rear. This would result in Flat B which is currently a studio flat increasing in size significantly to become a two-bedroom flat and the remaining flats would also be in part be made larger and benefit from enhanced layouts. This scheme would result in a total of 5 self-contained flats (4 x two bedroom & 1 x studio).LocationWindsor Road is situated moments from the shops, bars and restaurants along Ealing Broadway, as well as the open spaces of Ealing Common.For commuting into the City you are exceptionally close to Ealing Broadway station. A station that provides current access through Central, District lines to the centre of London in addition to over ground services to Paddington and also the Heathrow.It is a 'Crossrail' appointed station which now serves the new 'Elizabeth Line'. This ensures fast and convenient access to Bond St and Canary Wharf amongst other stops while in the comfort of a large carriage carrying double the number of commuters of a normal tube carriage. According to Transport for London, journey times from the station to Bond St are 11 mins.Please contact Go View London, with over 800 reviews from satisfied clients and two local offices in Ealing and Acton, for your appointment to view.Arrange Viewing
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