1-13 Royal Para | London W5 1ET
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1-13 Royal Para
London W5 1ET
Retail Property For Sale
Investment Highlights
- The property is very well located within a small parade on Hangar Lane in Ealing, a prime, Zone 3 West London location, just 7 miles west of central L
- The property provides 9,814 sq ft of retail accommodation and 26 x 2 bed flats
- The site has the potential to offer a medium to long term redevelopment opportunity
Executive Summary
The subject property comprises a terrace of shops, originally constructed in the 1920’s, providing 11 retail units and 26 x 2 bed flats on the floors above. The buildings are of traditional brick construction with solid floors on the ground and timber floors above. The roof structure is pitched and tiled.
Access to the residential upper parts are provided via the doors located at various points within the front of the parade.
The rear of the property is accessed via a side road and provides some car parking as well as access to the rear of the parade.
The property is situated on Royal Parade, on the western side of Hanger Lane at its junction with Western Avenue. The Parade is located adjacent to the Crown Plaza Hotel and on the south side of the Hanger Lane roundabout and ideally located just a 1 minute walk away from Hanger Lane Underground.
Different occupiers within the nearby vicinity include Crowne Plaza, Premier Inn, McDonald’s, Halfords, Wickes, Asda Superstore as well as local office, industrial and residential sectors.
Access to the residential upper parts are provided via the doors located at various points within the front of the parade.
The rear of the property is accessed via a side road and provides some car parking as well as access to the rear of the parade.
The property is situated on Royal Parade, on the western side of Hanger Lane at its junction with Western Avenue. The Parade is located adjacent to the Crown Plaza Hotel and on the south side of the Hanger Lane roundabout and ideally located just a 1 minute walk away from Hanger Lane Underground.
Different occupiers within the nearby vicinity include Crowne Plaza, Premier Inn, McDonald’s, Halfords, Wickes, Asda Superstore as well as local office, industrial and residential sectors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
9,814 SF
Building Class
B
Year Built
1920
Price
£10,100,000
Price Per SF
£1,029
Net Initial Yield
6.25%
NOI
£631,250
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
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