Barking Road, Plaistow E13 9EX
Offers in the region of £1,000,000
The existing property comprises a 3 bedroom residential dwelling extending to approximately 1,389 sq.ft. GIA across 2-storeys, with areas of hardstanding to the side and rear, occupying a site of circa 0.1 acres.
The property is located on Barking Road in Plaistow, within the London Borough of Newham.
The area is currently undergoing significant growth and regeneration, underpinned by the redevelopment of West Ham United’s former stadium which is located circa 0.4 miles from the site.
There are a number of shops and other commercial amenities along Barking Road and on nearby High Street North.
The nearest station is Upton Park Underground (located circa 0.5 miles from the site) which provides District and Hammersmith & City Line services into Central London, including Monument Station in circa 20 minutes.
Planning & Development Potential
Planning permission was granted on 23rd April 2020, under reference 20/00229/FUL, for the demolition of the existing building and the construction of a new 4-storey building to provide 8 residential units; 1 x studio, 4 x 1 bedroom, 1 x 2 bedroom and 2 x 3 bedroom duplex apartments. The planning consent is subject to a CIL liability of circa £44,928. No Section 106 obligations apply.
The property will be sold freehold subject to the existing tenancy remaining in situ.
Offers are invited in the region of £1,000,000 for the freehold interest.
We understand that the property is not elected for VAT.
Further information including approved planning documents can be found in our dataroom using the password ‘Barking665’.
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, 3 bedroom residential dwelling and associated land
- Planning permission for a 4-storey new build scheme to provide 8 apartments totalling 6,308 sq.ft.
- Popular residential location approximately 0.5 miles from Upton Park Underground Station
- Offers invited in excess of £1,000,000 for the freehold interest
To discuss this opportunity further, please contact Paul Heale or Chris Incledon on 020 7183 2529