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Riverside redevelopment opportunity,

London, United KingdomUnlock address

67%

Offers invited

Development

#34172

Value-Add, Opportunistic

21 Mar 2024

Property Details

Broker

For sale

1.64 acres

site area

225

Freehold

X

Fees

0.00 %

0.50 %

0.50 %

Investment Overview

A comprehensive riverside development opportunity, in the prominent East London location Bow Common. Outstanding development opportunity, positioned within close proximity to the thriving districts of Poplar and Bow. The 1.64 acre (0.66 hectare) site, currently occupied by several light industrial (B8) units, has the potential to provide a thriving new destination located directly on the Limehouse Cut canal, within the heart of one of East London's key regeneration areas. Existing leases on site provide an income of £313,980 per annum. The leases have recently been agreed for a 3 year term as of the 22nd March 2024. All leases have agreed a clause of a 6 month Notice Period, and as such vacant possession can be achieved within 6 months. Comprehensive redevelopment of the site to provide a residential-led scheme of up to 225 plus residential units which include 35% affordable housing. Situated within Zone 2 of London’s transport network, offering convenient connections to central London via London's transport network.