FOR SALE

Clifford Road, Walthamstow E17 4JE

Offers in excess of £3,500,000

Description

The existing property comprises an office building extending to approximately 15,000ft² GIA over ground and a set-back 1st floor.

The building is of concrete frame construction below five pitched rooves, and is accessed from several entrances fronting Clifford Road. The property is bounded by a terrace of houses to the south and west, with light industrial buildings to the north which also benefit from planning permission for residential redevelopment.

The buildings occupy a freehold, broadly rectangular site of approximately 0.2 acres.

Location

The property is located on Clifford Road in Walthamstow, within the London Borough of Waltham Forest.

The immediate area comprises mainly residential uses, although there are some commercial and light industrial buildings at the northern end of Clifford Road. The site is within walking distance of Forest Road and Hoe Street which are host to numerous shops, restaurants and amenities. The fashionable area known as Walthamstow Village is approximately one mile to the south-west.

The nearest station is Wood Street which provides National Rail services with direct links to Liverpool Street in 20 minutes. Walthamstow Central Station is approximately 1.2 miles from the site, offering Victoria Line services into Central London.

Development Potential

The property currently benefits from B1(a) (Office) Use Class. It is not Listed and is not located within a Conservation Area.

Prior Approval was granted on 27th April 2016, under reference 160743, for change of use and conversion of the building to residential to provide 34 studio apartments totalling 11,130ft² NIA.

A planning application was submitted on 3rd July 2017, under reference PP-06149558VI, for elevational alterations including, the creation of entry doors, new windows and skylights.

There is potential for further development to create additional residential units by way of a fully comprehensive scheme or by creating roof extensions to the existing building, subject to obtaining the necessary consents.

Tenure

The property will be sold freehold and subject to vacant possession on completion.

VAT

The property is not elected for VAT.

Terms

Offers are invited in excess of £3,500,000. Offers conditional upon planning permission for external alterations will be considered.

Additional Information

Further information including planning documents can be viewed in the dataroom using access code ‘Clifford’.


Disclaimer - Kingsbury on its own behalf and on behalf of the Owner / Landlord of this property whose agent Kingsbury is, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.


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  • 2-storey B1(a) office building extending to approximately 15,000ft² GIA occupying a 0.2 acre site
  • Prior Approval for change of use to residential comprising 34 studio apartments totalling 11,130ft² NIA
  • Planning application submitted for external alterations (new entry doors, windows and skylights)
  • Sought-after residential location in close proximity to the town centre and circa 0.6 miles from Wood Street Station (direct trains to Liverpool Street in 20 minutes)
  • Offers are invited in excess of £3,500,000 for the vacant freehold interest

To discuss this opportunity further, please contact Paul Heale or Keir Goldstein on 020 7183 2529.

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