291 Abbey Road, Park Royal NW10 7SA

Freehold Commercial Self-contained Building For Sale – 42,568 sq ft / 1.85 acres (0.75 ha), Of interest to developers, investors and owner occupiers.

291 Abbey Road, Park Royal- Gold Vault & Secure Cash Handling Facility on secure, self-contained site with opportunity for reconfiguration or redevelopment

- Site area of approx. 1.85 acres (0.75 ha)

- Prime industrial/logistics location within 6 miles of London’s West End

- For sale by informal tender

LocationThe site is located in a strategic position within London’s premier industrial location, Park Royal, benefitting from close proximity to the A406 North Circular road and the A40 Western Avenue, providing direct access to Central London as well as the wider national motorway network.

The site benefits from two points of access onto Abbey Road, which links to the A406 to the north and the A40 to the south via Coronation Road.

Neighbouring occupiers include DPD, Ocado, BMW, John Lewis, Rexel, Topps Tiles and Builder Depot.

Park Royal provides excellent connectivity into Central London via multiple rail routes. To the south east and south west of the property, North Acton and Park Royal underground stations are serviced by the Central and Piccadilly Lines respectively. Overground services are available via Harlesden station (north east) and National Rail services via Acton Main Line (south). From 2022, the Elizabeth Line (Crossrail) will be operational via Acton Main Line providing improved connectivity and accessibility into the West End and City of London.

Park Royal is located 12 miles (19.3 km) east of the UK’s busiest airport, Heathrow, accessed via the M4 motorway. In 2019, Heathrow Airport handled a record 80.9 million passengers making it the busiest airport in Europe and 7th across the world by total passenger traffic. It also transported 1.6 million metric tonnes of cargo in 2019, more than all other UK airports combined.

Ordnance Survey Crown Copyright 2020. All rights reserved.

Licence number 100022432.

Plotted Scale - 1:1250. Paper Size – A4

* Red line boundary lines are for indicative purposes only

DescriptionThe subject property comprises a detached, secure warehouse building with ancillary offices and secure basement storage, on a self-contained secure site. The existing building was purpose built in 2013 for G4S Cash Solutions and has been used continuously as a cash handling facility and gold vault since its construction.

The unit has been constructed using a steel portal frame with reinforced concrete walling and steel clad elevations, together with two storey offices on the northern side of the unit. The property also benefits from a basement storage level, which is accessed via two commercial goods lifts, one passenger lift and a staircase.

The clear internal height of the main warehouse / production area is 4.6m, and consists of 2 main sorting areas divided by a single concrete wall. The main reception and security office separate the first floor office accommodation from the ground floor storage. The first floor office accommodation comprises multiple meeting rooms, offices, male and female WCs, locker rooms, showers and a large storage area.

Goods loading is via 5 ground level loading doors, each with their own self-contained and secure loading bay. All loading doors are located on the southern elevation, providing access to the substantial rear service yard which benefits from an approximate depth of 41m.

Vehicular access to the site is via two points of entry to the north, providing access directly onto Abbey Road.

The site extends to approx. 1.85 acres (0.75 ha).

PlanningProspective purchasers are advised that they must make their own enquiries of the local Planning Authority in respect of the site’s current and future planning status. Further information can be found via their website:http://planningregister.opdc.london.gov.uk/oak/apas/run/wphappcriteria.display

AccommodationThe building has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and extends to the following Gross Internal Areas:

Location Description Sq M Sq Ft

Ground Floor

Processing areas and goods in bays

1,982.17 21,336

First Floor Partitioned offices/changing rooms and storage

1,363.30 14,674

Basement Gold bullion vault and processing rooms

609.23 6,558

TOTAL 3,954.71 42,568

TitleThe site is held freehold under title numbers NGL3207 and NGL746314. A report on title is available in the data room.

Business RatesThe building has a rateable value of £570,000 in the 2018 rating list. Interested parties are advised to satisfy themselves in this regard.

VATWe understand that the property is elected for VAT and therefore VAT may be chargeable on the sale.

Method of SaleBNP Paribas Real Estate have instructions to market the site for sale by informal tender. The vendor will provide vacant possession of the property in advance of any sale completion.

Details of the required content of offers and a timeline for submission will be released to all interested parties.

London Office5 Aldermanbury Square, London, EC2V 7BP

0207 338 4000realestate.bnpparibas.co.uk

© Collins Bartholomew Limited 2007. Plotted Scale - 1:877874

IMPORTANT NOTICE: Misrepresentation Act: BNP Paribas Real Estate for themselves and for their vendors or lessors of this property whose agents they are, give notice that: (1) these particulars are set out as a general outline only, for the guidance ofprospective purchasers or lessees and do not constitute the whole or any part of an offer or contracts: (2) all descriptions, dimensions, references to conditions, necessary permissions for use and occupation and other occupation and other details containedtherein are given without responsibility and prospective purchasers or lessees must not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to their accuracy: (3) no employee of BNP Paribas RealEstate has any authority to make or give any representation or warranty or enter into any contract whatever the relation to the property: (4) rents or prices quoted in these particulars may be subject to VAT in addition. (September 2020).

Data RoomA data room is available containing further information on the site, please contact the sole agents for access to the data room.

ViewingsViewings are to take place strictly by appointment only, with specific viewing dates to be announced. Potential purchasers should note that BNP Paribas Real Estate take no responsibility for any injury or accident at the property. Viewers and visitors of this property do so at their own risk.

ContactFor more information, access to the data room or appointments to inspect, please contact the sole agents:

Will Merrett E: william.merrett@realestate.bnpparibas T: 020 7318 4773 M: 07342 949 657

Nick Hardie E: nick.hardie@realestate.bnpparibas T: 020 7484 8127 M: 07827 315 851

George Rosser E: george.rosser@realestate.bnpparibas T: 0207 338 4265 M: 07469 039 496

BNP Paribas Real Estate City Office 5 Aldermanbury Square, London, EC2V 7BP realestate.bnpparibas.co.uk

Ordnance Survey © Crown Copyright 2020. All Rights Reserved.Licence number 100022432Plotted Scale - 1:7500. Paper Size - A4