Map
Please note: Locations and addresses are approximate and may not be as accurate as expected.
Details
The sale of The Elms, Harlington provides a rare re-development opportunity, located adjacent to London Heathrow Airport and Hayes, Bath Road.
Planning
Planning status: Draft Allocation
Planning authority: London Borough of Hillingdon
Application details:
A formal pre-application process has been undertaken on the site for a scheme comprising 46,600 sq ft of multi-let industrial, with Use Class E, B2, and B8 with associated car parking and service areas.
- Further development potential for residential / care home or other uses, subject to planning permission.
- The site has the potential to achieve industrial ERVs in excess of £20 per sq ft. The Heathrow area is forecast to achieve high levels of rental growth.
- The existing short term tenancies provide an opportunity to gain full planning permission whilst receiving income, with vacant possession achievable in March 2022.
The vendor is seeking offers in excess of £6,000,000 exclusive of VAT and subject to contract for the freehold
interest.
A purchase at this level reflects a low capital value of £162 per sq ft on the existing commercial floor area and £2,600,000 per acre.