Otter house in Uxbridge is another example of a conversion of offices to residential. Sandwiched between the Grand Union Canal and the Fray’s, the former offices of Tracker Network UK have been granted prior approval (General Permitted Development) for a change of use from offices to residential.
The plan is to create 31 flats. The approval has been given subject to nine conditions. These include parking, contamination, construction and noise.
Some of the councillors had reservations but were unable to challenge the proposal as Offices in that area are not protected under the local plan, unlike Industrial units which are. Hillingdon recently approved a similar development at Frays Court, Uxbridge.
Parkdales acquired this office building from CBREGI in 2019 on behalf of a client. Originally marketed at £3.7 million, a deal was agreed at £1.93 million which reflect a capital value of £106 psf.
© London West (powered by ukpropertyforums.com)
Please rate this article out of five stars below. You can comment too, using the form at the bottom of the page
