project.
w3 ACTON.
project SUMMARY.
PROJECT DESCRIPTION.
Balada Group acquired a freehold mixed use building in Nov-20 which comprises of a ground floor shop & flat (both sold on long leases) and a first floor self contained flat. The first floor will be converted from a 2 bedroom flat into a 5 bedroom ensuited co-living space inclusive of a loft conversion and finished to a very high standard before being refinanced and let out providing cash flow.
market overview.
Rental rates in the markets for residential and commercial properties in Central London have been growing at 10% per annum for the past 3 years. These rates are not expected to significantly change over the next 4 years.
project description.
Balada Group acquired a freehold mixed use building which comprises of a ground floor shop & flat (both sold on long leases) and a first floor self contained flat. The first floor has been converted from a 2 bedroom flat into a 5 bedroom ensuited co-living space inclusive of a loft conversion and finished to a very high standard before being refinanced and let out providing cash flow.
existing site.
Situated within the West London Borough of Ealing, this property is located a short walk from Acton Main Line Station and slightly over 2 miles from junction 1 of the M4 motorway. North Acton Underground Station (zones 2 & 3 & also a Crossrail Station) is less than half a mile away, which is served by the Central line, providing frequent services to the West End and the City. Park Royal Underground Station (zone 3) is also nearby, which is served by the Piccadilly line with regular services to Heathrow Airport.
building plans.
area map.
market overview.
demographics.
London has been historically populated by single, young professionals. In 2010, 70% of the population was aged 24–35, 60% lived without a spouse, partner or other family member, and 90% worked within 1 km of their residence.
All but the last of these figures are expected to change significantly by 2021 – the population aged 24–35 will fall to 45% while the 35–55 age group will increase to 40%, and 90% of residents will live with a spouse, partner or other family member.
transport.
North Acton Underground Station (zones 2 & 3) is less than half a mile away, which is served by the Central line, providing frequent services to the West End and the City. Park Royal Underground Station (zone 3) is also nearby, which is served by the Piccadilly line with regular services to Heathrow Airport.
Railway stations: There are 3 stations within walking distance – Acton Main Line is approximately 0.1 miles away (3 min walk) providing regular services into London Paddington in under 10 minutes, this is also a crossrail station. Acton Central is about 0.7 miles away (15 min walk) and Harlesden is approximately 1.2 miles away (25 min walk).
Motorway Junctions: M4 J1 is approximately 2.1 miles away.
Flights: London Heathrow Airport is the closest airport (9.1 miles).Healthcare
shopping/leisure.
The site is well positioned for popular destinations including Knightsbridge, Notting Hill and Westfield London with bars, a cinema, restaurants and a gym. There is a Tesco Express less than half a mile from the property, and there is also a Little Waitrose (just over 1 mile away) and an Asda superstore (less than a mile away) within easy reach.
medical.
There are 2 hospitals within walking distance – Hammersmith Hospital is around 1.3 miles away (25 min walk) and Queen Charlotte’s Hospital is about 1.3 miles away (25 min walk).
Doctors: There are 3 surgeries within walking distance – Cloister Road Surgery is 0.2 miles away (4 min walk), Dr Khan, MA is approximately 0.3 miles away (7 min walk) and Western Avenue Surgery is around 0.6 miles away (13 min walk).
virtual tour.
project gallery.
before.
after.
financial analysis.
overview.
purchase price.
£320,000
refurb/other costs.
£180,000
gdv.
£625,000
profit.
£125,000
contact us.
Kemp House, 160 CIty Road, London, EC1V 2NX