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East London Residential Led Development Opportunity

London, United KingdomUnlock address

68%

£7.000.000

Residential investment

#16620

Value-Add, Opportunistic

4 Mar 2024

Property Details

Broker

For sale

Leasable area

83

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

A residential led development opportunity located in Leyton, East London. A 0.33 hectare (0.82 acre) site occupied by a retail unit and a vacant former cinema building. Situated approximately 600 metres (0.4 miles) North West of Leyton Midland Road Overground station and 1.1 km (0.7 miles) South East of Walthamstow Central London Underground (Victoria line) and Overground station. Site benefits from planning permission to construct a new development of 83 residential units and Class E commercial floorspace. The scheme comprises: - 58 private residential units – 3,475 sq m (37,405 sq ft) NSA - 8 shared ownership units – 527 sq m (5,673 sq ft) NSA - 17 affordable rented units – 1,191 sq m (12,820 sq ft) NSA - 137 sq m (1,475 sq ft) Class E Commercial. Potential for alternative uses including student and coliving subject to obtaining the necessary consents. For sale Freehold with vacant possession.