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Freetrade House - Lowther Road Queensbury HA7

A mixed-use investment with further development potential
For sale

Ideally located 150 meters from Queensbury Underground Station (Jubilee Line) and less than 3 minute walk to nearby retail amenities.


Arranged over ground and three upper floors the recently refurbished building is arranged as 28 units totalling 7,875 sqft GIA (6,800 sqft NIA)*.


Currently configured as 8 residential self-contained studios and 20 self-contained office suites.


The majority of the building is occupied producing £187,620 pa with 4 vacant commercial units.


Subject to the use of the building being 16 residential units and 12 office suites, the ERV under the LHA rates would be in the region of £297,000 pa.


In addition, a pre-app was undertaken in January 2024 for an upward extension to provide up to 32 additional units on the roof and conversion of the entire building to student accommodation.


Freehold.


Offers in excess of £3,000,000 (Three Million Pounds) subject to contract.

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