Barking Road, Plaistow E13 9EZ
Offers in the region of £650,000
The existing property comprises a 2-storey dwelling with use class C3(b), extending to approximately 1,679 sq.ft.
We understand that the entire property is let on a rolling AST producing £24,000 per annum.
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 1.2 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 which is located circa 0.7 miles from the site and provides District and Hammersmith & City Line services into Central London, including Monument Station in circa 20 minutes.
Planning permission was granted on the 28th March 2018 (ref: 18/00244/FUL) for the conversion and extension of the existing building to create 4 apartments (2 x 1 bed, 1 x 2 bed & 1 x 3 bed units). The proposed scheme will create approximately 2,903 sq.ft. (NIA) of residential floorspace.
We understand that there is a CIL liability of £4,040.
The property will be sold freehold with vacant possession upon completion.
Offers invited in the region of £650,000.
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 ‘613’.
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 dwelling extending to approximately 1,679 sq.ft.
- Planning permission for the conversion and extension of the existing building to create 4 apartments (2 x 1 bed, 1 x 2 bed & 1 x 3 bed units) creating circa 2,903 sq.ft. NIA
- Popular residential location approximately 0.7 miles from Upton Park Underground Station
- Offers are invited in the region of £650,000
To discuss this opportunity further, please contact Paul Heale on 020 7183 2529