• Prominent 0.3 acre corner site located at the junction of Scrubs Lane and Harrow Road, NW10, Royal Oak.
• The sites’ positive planning history and the site’s allocation within OPDC (Old Oak and Park Royal Development Corporation) has established a precedent for redevelopment, making it an ideal purchase to add value through planning, with a significant element of risk mitigated.
• Recent positive pre-app for a 24 storey co-living development for 292 beds.
• The site benefits from a lapsed planning consent for a 20 storey scheme comprising 85 apartments.
• A 292 co-living scheme would propose a GIA of approximately 145,000sq.ft.
• Freehold for sale with vacant possession.
• Seeking unconditional offers in the region of £7,000,000 (Seven Million Pounds) subject to contract. A purchase at this level would reflect £21,341 per bed on the latest proposed scheme.
