West London’s Park Royal is one of London’s primary industrial areas and is well served by excellent road, underground and rail connections nearby. Due to a shortage of new industrial and business accommodation, rent and capital values are high. During the pandemic demand has soared. The site was acquired at just under 8,000 sq ft and was arranged over ground and first floors to create 12,000 sq ft GIA (Gross Internal Area).
This property was converted to 35 artists’ studio units and is yielding good rental returns.