Church Elm Lane, Dagenham RM10 9SH
Offers in excess of £3,850,000
The existing property comprises a 3-storey detached mixed-use building with single storey outbuilding located to the front of the site.
A car wash and repair centre occupy the ground floor level and forecourt (B2 Use Class) with the first floor of the building formerly used as a church (D2 Use Class) and the second floors an office (B1 Use Class). We understand the second floor offices are no longer in a usable state.
The existing building extends to approximately 11,560 sq.ft. in total and is situated on a site of 0.61 acres.
The property is located on Church Elm Lane, within The London Borough of Barking and Dagenham.
The immediate area comprises predominately residential uses with a number of commercial offerings and amenities available on Heathway (0.3 miles from the property).
The nearest stations are Dagenham Heathway (0.4 miles) and Dagenham East Underground stations (0.7 miles) both of which provide District Line services with journey times including: Monument in 33 minutes and Victoria in 45 minutes.
Planning & Development Potential
The property benefits from planning permission (reference: 19/00865/FUL) granted on 10th January 2020 for the demolition of the existing buildings and the erection of a 5 to 9 storey building to provide 75 residential units (40 x 1 bed, 20 x 2 bed and 15 x 3 bed units) totalling 53,012 sq.ft. and 2,565 sq.ft. of flexible use class B1/D1 commercial floorspace. The planning consent also proposes to construct an outdoor children’s play area, community amenity space and parking for up to 24 cars.
The planning consent is subject to a Section 106 Agreement with obligations for 13 apartments (6 x 1 bed, and 7 x 3 bed units) to be delivered as Shared Ownership and 13 apartments (5 x 1 bed, 4 x 2 bed and 4 x 3 bed units) to be Social Rented units with no additional financial contributions in respect of the S106 agreement.
A CIL liability of approximately £135,000 is payable. Please note that this is an estimate as at October 2021 and should not be relied upon, any prospective purchasers should undertake their own analysis.
The property will be sold freehold and subject to vacant possession upon completion.
The property is not elected for VAT.
Offers invited in excess of £3,850,000 for the freehold interest which reflects £51,333 per consented plot.
Further information including planning documents and technical documents are available in the dataroom using access code ‘Dagenham’.
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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- Car wash and repair centre, former church and office building extending to approximately 11,560 sq.ft. situated on a site of 0.61 acres
- Planning permission for 75 residential units (40 x 1 bed, 20 x 2 bed and 15 x 3 bed units) totalling 53,012 sq.ft. and 2,573 sq.ft. of commercial space
- 49 units available for private sale, 26 units allocated for affordable housing
- Within walking distance of both Dagenham Heathway and Dagenham East underground stations
- Offers invited in excess of £3,850,000 for the freehold interest which reflects an attractive £51,333 per consented plot
To discuss the land sale, please contact Jordan Oldfield or Chris Incledon on 020 7183 2529. To discuss the new homes sale, please contact Graeme Grossman on 020 7043 8888.