Summary
| Property Type | Development / Land / Leisure / Office / Other / Residential / Retail |
| Tenure | For Sale |
| Size | 11,986 sq ft |
| Price | Offers in excess of £2,250,000 |
| Rates Payable | Upon Enquiry |
| Service Charge | n/a |
| EPC Rating | This property has been set as EPC exempt. Reason: Due for demolition |
- Planning Consented
- OIEO £2,250.000
- Freehold For Sale
- Development Opportunity
- 9 Residential Units
- 4 Commercial Units
About
A freehold site with planning permission to demolish an existing two-storey warehouse measuring approx. 5,200 sq. ft., and erect a new building over 6 storeys, comprising 9 residential apartments totalling 8,500 sq. ft. (790 sq. ms) and 4 commercial spaces totalling 3,486 sq. ft. (324 sq. ms).
When development commences, the purchaser will be expected to pay approx. £114,000 in Section 106 and affordable housing costs and approx. £104,000 in CIL.
Accommodation
| Name | sq ft | sq m |
| Unit - Proposed Commercial | 3,486 | 323.86 |
| Unit - Proposed Residential | 8,500 | 789.68 |
| Total | 11,986 | 1,113.54 |
Location
The site is located in the increasingly popular East London neighbourhood of Homerton, just a short walk from Homerton Station and the fashionable Chatsworth Road which has a mix of cafes, bars and boutiques and a popular Sunday market. Victoria Park and the Hackney Marshes are both within a 10 minute walk and an increasing number of gastropubs and upmarket chains have seen the area attract a young and affluent demographic of residential buyers. Historically, the immediately surrounding area was fairly industrial, but in recent years a number of commercial buildings and vacant sites have been redeveloped into mixed use schemes comprising commercial space at ground level and flats above.
Mainline Stations
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Homerton3 mins
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Hackney Central9 mins
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Hackney Downs13 mins
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London Fields13 mins
Underground Station
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Homerton6 mins
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Hackney Central8 mins
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Hackney Downs12 mins
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London Fields13 mins
Downloads
Download ParticularsFurther Information
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Terms
The freehold is available subject to a guide price of £2,250,000 (VAT not applicable). All other terms and conditions by negotiation.
Gallery
