Stamford Road, South Tottenham N15 4PZ
Offers in excess of £6,000,000
The existing property comprises a purpose-built office building (B1 Use Class) extending to approximately 7,879 sq.ft. NIA over ground and 1st floors, along with a secure yard area used for storage purposes and parking.
The site area extends to circa 0.5 acres and is bounded by a small public park to the north, residential properties to the west and light industrial uses to the south and east.
The property is currently owner-occupied by a construction company who have used the building as their head office since 1989.
The property is located on Stamford Road in South Tottenham, within the London Borough of Haringey.
The immediate surroundings comprises a mix of residential and light industrial buildings.
Various shops, restaurants and amenities are available on Seven Sisters Road, Tottenham High Road and around Tottenham Hale, which are all within walking distance of the site.
The area benefits from excellent public transport links, with South Tottenham (0.5 miles), Seven Sisters (0.5 miles) and Tottenham Hale (0.6 miles) stations all within close proximity.
Journey times include:
Seven Sisters to Oxford Circus – 13 mins (Underground) Tottenham Hale to Liverpool Street – 16 mins (National Rail)
Planning & Development Potential
Planning permission was granted on 6th September 2016, under reference HGY/2017/0426, for “demolition of the existing building and the erection of a mixed-use development comprising 1,140 sq.m. (NIA) of commercial floorspace (Use Class B1) and 48 residential units (Use Class C3), together with associated vehicular access, car and cycle parking spaces, bin stores, plant, landscaping and amenity space.”
The proposed development will be constructed over part-3, part-4 and part-6 storeys and provide 20 x 1 bedroom, 23 x 2 bedroom, 4 x 3 bedroom and 1 x 4 bedroom apartments totalling 36,737ft2, all for private sale.
The B1 space will consist of two separate units of 6,135 sq.ft. each at ground floor level. The development will benefit from 17 car parking spaces at ground floor level; 10 for the residential units and 7 for the commercial space.
The planning consent is subject to a Section 106 Agreement providing for financial contributions totalling £209,929.33 and obligations for one of the B1 units to be designated as Affordable Workspace. A CIL liability of circa £269,160.25 is applicable.
The property will be sold freehold with vacant possession upon completion and subject to the proposed B1 space being handed back to the Seller on a 999 year lease at shell and core condition.
The property is not elected for VAT.
Offers are invited in the region of £6,000,000.
Further information, including plans, technical reports and legal pack is available within the dataroom, using the access code ‘Stamford’.
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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- Existing 2-storey B1 office building extending to circa 7,879 sq.ft. NIA and storage yard occupying an 0.5 acre site
- Planning permission for a 6-storey new build scheme comprising 48 residential apartments (20 x 1 bed, 23 x 2 bed, 4 x 3 bed and 1 x 4 bed units) totalling 36,737 sq.ft. plus replacement B1 space of 12,270 sq.ft.
- All residential units for private sale
- Sought-after residential location in close proximity to numerous transport links including South Tottenham, Seven Sisters and Tottenham Hale stations
- Offers invited in the region of £6,000,000 for freehold interest, subject to the Seller retaining the new B1 space on a 999 year lease
To discuss this opportunity further, please contact Paul Heale or Ross Kemp at Kingsbury on 020 7183 2529