LOT 14 - Ruislip Manor

1-17 Victoria Road & 69-83 Park Way, Ruislip Manor, Middlesex, HA4 8NS

Freehold Unbroken Parade with Planning Permission & Further Development Potential

Sold Prior

Key Features
  • Comprising 14 shops, 18 flats and land to the rear
  • Total accommodation extending to 2,084.75 sq m (22,440 sq ft)
  • Total Site area 0.83 acres (0.335 hectares)
  • Adjacent to Ruislip Manor Underground Station (Metropolitan Line)
  • Planning granted for a 3rd floor extension to provide 9 additional flats (1)
  • Potential for further redevelopment on Victoria Road and to the rear (1)
  • VAT is not applicable

Total Current Rent Reserved
£479,424.16 p.a. (2)
plus one vacant flat
Tenure

Freehold


Location
  • Ruislip Manor forms part of Ruislip within the London Borough of Hillingdon and is 13 miles north-west of Central London
  • The A40 is accessible 2 miles to the south and provides access to Central London to the east and the M40 and M25 (J16) to the west
  • Ruislip Manor Underground Station is adjacent to the property and provides Piccadilly and Metropolitan Lines services
  • The property is situated in a prominent corner position at the south-east junction of Victoria Road and Park Way
  • Occupiers close by include Tesco Express, Kwik Fit, Anytime Fitness, Budgens, JD Wetherspoon, Pizza Hut and a wide range of local traders
Additional Information
  • The site area is approximately 0.83 acres (0.335 hectares)
  • Completion shall take place eight weeks from the date of Exchange.
Bidder Security
  • Please note bidders will be required to pay a bidders security of £100,000 (inclusive of Buyer’s Fee) in order to bid on this lot.
Planning
(1) Planning was granted on 05.05.2017 (Ref:72040/APP/2016/2531) for Enlargement of the roof, including raising of the ridge and eaves height to provide new recessed third floor, erection of a third floor extension to the rear of Nos. 69 to 81 Park Way, including the installation of rooflights, rebuilding of chimneys and new emergency external stairs to the rear of No. 9 Victoria Road, to allow for the provision of 9 new flats. The proposed floor plans submitted give the total floor area for the 9 flats as 507 sqm (5,457 sq ft).

There may be scope for further development above 11 to 17 Victoria Road and also on land to the rear of the site, subject to the existing leases and obtaining all necessary consents.
A draft feasibility study has been added to the legal pack on 27.11.2020 relating to the potential development opportunity for the land behind Parkway including 11-17 Victoria Road.

All enquiries should be made via the London Borough of Hillingdon (www.hillingdon.gov.uk/planning) 
VAT

VAT is not applicable to this lot.

Additional Charges
  • Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.
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Important notice - Pre-registration approval to bid, guide prices, reserves, additional charges and other matters

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