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16 Wotton Rd - Wotton Works

7,000 SF Light Industrial Unit Offered at £2,500,000 in London NW2 6PX

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Investment Highlights

Characterful Live Work Spaces with dual Office and Residential Uses and off street parking
Totally Disrete and Secure with infrared heating, MVHR and 999mbps broadband connection

Crittal windows, resin & oak floors, two kitchens, three bathrooms
Two stops to Kentish Town, Three Stops to Kings Cross, Four stops to Clerkenell. Gladstone Park 450 metres

Executive Summary

Wotton Works is an extraordinary remodelled former aircraft factory in North West London totalling 1,178 sq m (12,689 sq ft). It was formerly occupied by Handley Page, who built the Halifax bomber for the Royal Air Force but has recently been the subject of a carefully considered renovation, enhancing volume against a backdrop of beautifully selected materials. Planning Permission was secured in 2018 to refurbish the existing building to create a mix of well designed, contemporary and versatile 650 sq m (7,000 sq ft) Live-Work spaces at ground floor level with a single 530 sq m (5,711 sq ft) lateral apartment above with two south facing roof terraces. It has inspiring architectural interiors, flooded with natural light and is currently being used a location for the photography and film industry. The building has been designed to be highly sustainable as we recognise that by designing and refurbishing the existing, we can greatly reduce our environmental impact. Wotton Works is located on the east side of Wotton Road, with Langton Road to the north and Newton Road to the south within the borough of Brent. The area which is known as Gladstone Park / Cricklewood / Mapesbury is located in north-west London, 4.7 miles north of Hyde Park corner. It is bounded by Willesden Green to the west, Hampstead to the east Brondesbury & Kilburn to the south and Staples Corner to the north. In terms of green spaces, Gladstone Park is 450 metres to the south and Hampstead Heath 2.3 miles to the east.

Property Facts

Price	£2,500,000	Building Class	B
Unit Size	7,000 SF	Number of Floors	1
No. Units	1	Typical Floor Size	5,000 SF
Total Building Size	13,000 SF	Year Built	1933
Property Type	Light Industrial (Unit)	Lot Size	0.29 AC
Property Subtype	Showroom	Sale Conditions	Owner Occupation
Sale Type	Investment or Owner User

Price	£2,500,000
Unit Size	7,000 SF
No. Units	1
Total Building Size	13,000 SF
Property Type	Light Industrial (Unit)
Property Subtype	Showroom
Sale Type	Investment or Owner User
Building Class	B
Number of Floors	1
Typical Floor Size	5,000 SF
Year Built	1933
Lot Size	0.29 AC
Sale Conditions	Owner Occupation

1 Unit Available

Unit Wotton Works - Live

Unit Size	7,000 SF	Tenure	Freehold
Price	£2,500,000	Net Initial Yield	6.00%
Price Per SF	£357.14	NOI	£150,000
Unit Use	Light Industrial	No. Parking Spaces	5
Sale Type	Investment or Owner User	Sale Conditions	Owner Occupation

Unit Size	7,000 SF
Price	£2,500,000
Price Per SF	£357.14
Unit Use	Light Industrial
Sale Type	Investment or Owner User
Tenure	Freehold
Net Initial Yield	6.00%
NOI	£150,000
No. Parking Spaces	5
Sale Conditions	Owner Occupation

Description

This property comprises three interconnecting Mixed Use units in an extraordinary a former WWI aircraft factory. The Ground Floor Live Work unit comprises 4,250 sq ft with one third being laid out as living accommodation. The Class E office Studio is 1,700 sq ft and is split between ground and first floors with the triple height Courtyard being 1,050 sq ft. Offered at an incredibly compelling Capital Value of £357 per sq ft and totally secure with off street parking. Direct from Owner.