A former industrial estate on Capitol Way in Colindale, Brent will become the home of a brand new mixed use development. The project by NEAT and Royal London Asset Management (RLAM) will really benefit the local area. The current industrial estate provides no benefits so the redevelopment is an excellent use of a Brownfield site.
What does the development include?
The site will enjoy a change of use from industrial to residential as well as commercial. The current building will be demolished, freeing up the site for development. In its place there will be apartment blocks ranging from three to nine storeys. In total there will be 414 new homes. A third of them will be affordable.
A basement development will take place whilst creating the apartment buildings. The space from the excavation will create car parking spaces for new residents as well as bicycle storage. The ground floor will have landscaped courtyards, providing open space for residents and people working in the commercial hub to enjoy.
In addition to the homes there will be a two storey commercial hub. The workspaces will be perfect for local SMEs from the Borough who want to move into modern premises in a popular area. The site is also close to the local Tube station and a number of other amenities, boosting its attractiveness.
Across London demand for housing is very high. Projects like this that create new homes from vacant buildings are excellent and mean that other spaces are safer. In outer boroughs this is important because green open spaces are part of the charm and character.
The new homes for Colindale could be good options for investors when they are finished. New builds in central areas tend to enjoy a premium on rents. This can help the investor to make a healthy return in time.
Finefair can provide a range of services for investors. One of the most impressive things about working with us is we are the best for guaranteed rent Brent has to offer. Clients appreciate this and the benefits we can provide. For example we give them impressive assurances on their rental income.
If you would like to find out more about guaranteed rent please contact us. Our team can answer your questions and provide useful advice.