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Investment Highlights

  • Can be sold with vacant possession
  • Planning application reference: 62125/APP/2018/3118
  • Current use class B8
  • Income producing £30,000 per annum exclusive
  • Northwood Underground Station (1.3 miles)

Executive Summary

The site comprises a yard of approximately 3,843 sqft with a number of double and single garages formerly known as Cook Garages which are currently income producing £30,000 per annum. Access to the site is off of Hallowell Road onto Forge Lane which is a shared service road that leads into the site.

The site is situated 0.6 miles from Northwood Station, 1.3 miles from Moor Park Station, and 1.5 miles from Northwood Hills Station, all accessible via the Metropolitan Line providing convenient access to Central London. Nearby motorways include the M25 and M40 and premises is nearby to numerous parks, shops, and schools.

The site was granted consent for a Single Story front extension, creation of a first floor level and change of use from storage/distribution (Use Class B8) to a daycare facility (Use Class D1) on 11 June 2019.

The approved planning application, reference 62125/APAP/2018/3118, proposes a ground and first floor children's nursery of approximately 2,000 sqft. The ground floor comprises of an entrance/hallway leading into a reception area, open plan day-care room, managers office and children's toilet. The first floor comprises of a kitchen, male and female toilets, open plan learning area, baby area and children's changing room. Externally, at first floor there is a roof terrace At ground floor the scheme has a playground and three marked parking spaces.

To comply with the Money Laundering Regulations 2017, we are legally required to verify the identity of all parties to a transaction. Prospective purchasers/tenants must provide satisfactory identification documents and information regarding the source of funds. These checks will be carried out by an independent party before any agreement is formally entered into. The tenant or purchaser will be responsible for these costs.

Property Facts

Price $1,486,939 CAD
Price Per SF $386.92 CAD
Sale Type Investment
Tenure Freehold
Property Type Flex
Lot Size 0.09 AC
Rentable Building Area 3,843 SF
No. Stories 1
Year Built 2003
Parking Ratio 0.52/1,000 SF

Amenities

  • Security System

Utilities

  • Water - City
  • Sewer - City
  • Listing ID: 33010705

  • Date on Market: 2024-08-30

  • Last Updated:

  • Address: Cooks Garage, Northwood HA6 1DW

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