Wilmer Place, Stoke Newington N16 0LH
Offers in excess of £5,000,000
The existing property comprises a former car park (now vacant), occupying a broadly L-shaped site extending to approximately 0.7 acres.
The site is bounded by Abney Park to the north and west, with a recently redeveloped former shoe factory to the east (now comprising 35 apartments) and a community building to the south.
Vehicular access to the property is taken from Stoke Newington High Street, via a private road.
The property is located on Wilmer Place in Stoke Newington, within the London Borough of Hackney.
The site is in close proximity to several public open spaces including Clissold Park, Abney Park and Stoke Newington Common.
There are numerous shops, cafes, restaurants, bars and other amenities available nearby on Stoke Newington Church Street and Stoke Newington High Street.
The nearest station is Stoke Newington (located approximately 0.25 miles to the north) which provides London Overground services, including direct links to Liverpool Street in circa 15 minutes.
Planning & Development Potential
A resolution to grant planning permission was given in December 2018 (application reference: 2018/1510) for the erection of a part 2, 3 and 4 storey building (plus lower ground floor) comprising 19 residential units at ground to 3rd floors and commercial space (Use Class B1) at ground and lower ground floors.
The residential element of the proposed scheme comprises 1 x studio, 7 x 1 bedroom, 8 x 2 bedroom and 1 x 4 bedroom apartments and 2 x 4 bedroom houses totalling 15,198 sq.ft. NSA.
The commercial element extends to 2,691 sq.ft. GIA at ground floor and 4,575 sq.ft. GIA at lower ground floor.
The planning approval is subject to a Section 106 Agreement providing for 7 apartments (2 x 1 bedroom and 5 x 2 bedroom units) to be designated as shared ownership, as well as financial contributions totalling £106,469. A CIL liability of approximately £189,000 applies.
The property will be sold freehold subject to vacant possession on completion.
The property is elected for VAT.
Offers are invited in excess of £5,000,000.
Further information including planning documents can be viewed in the dataroom using the access code ‘Newington’.
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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- Cleared site extending to approximately 0.7 acres located within an attractive cul-de-sac
- Planning permission for a new build scheme comprising 19 apartments totalling 15,198 sq.ft. NSA and 7,266 sq.ft. GIA of B1 office space
- 12 residential units for private sale with 7 designated as shared ownership
- Sought-after location just off Stoke Newington Church Street and circa 0.25 miles from Stoke Newington Overground Station
- Offers invited in excess of £5,000,000 for the freehold interest
To discuss this opportunity further, please contact Keir Goldstein or Jordan Oldfield on 020 7183 2529