Ilford Development Opportunity For Sale
Kingsbury have been instructed to coordinate the sale of Charter House, a vacant office building of circa 47,799ft² (GIA) situated on Ilford High Road.
Our clients purchased the building in 2014 and have obtained detailed planning permission for conversion plus extensions to create 96 apartments, all for open market sale, as well a separate Prior Approval consent for 79 flats under PDR.
The property offers further development opportunities by way of an additional storey to create a further 9 units (potentially bring the total to 105) which is supported by positive pre-application feedback from the London Borough of Redbridge.
With both Ilford and Seven Kings Crossrail / Elizabeth Line stations within walking distance (due to open in May this year) the proposed apartments should be in high demand from both buy-to-let investors and owner occupiers looking to utilise the area’s strong transport links into Central London. The opportunity itself should appeal to a range of private developers, funds and PRS operators looking to create a landmark development in an up and coming East London location.
We are seeking offers in excess of £12,000,000 for the freehold interest.
Please contact firstname.lastname@example.org on 020 7183 2529 for further details.
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