The area is to be developed by Great Marlborough Estates into a mixed-use scheme.

The freehold site has been bought with planning for 137 units and approximately 9,000 sq ft of retail accommodation.

The development overlooks Chiswick High Road and is a short walk from Chiswick Park underground station.

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“We look forward to proceeding with the development of this exciting scheme,” said Grant Lipton, director at Great Marlborough Estates.

Daniel Austin, CEO at ASK Partners, commented: “This is a great development site in a very strong location which we were very happy to help fund. 

“We look forward to working together again on future projects.

“This is our second completed transaction in two weeks; an encouraging sign in the current market, but also a reflection of our flexible capital base and the diverse range of funding models we are able to offer.”