Derbyshire Street, London E2 6JQ
Offers in excess of £2,250,000
The existing property comprises a broadly rectangular site extending to approximately 0.06 acres.
Historically the site consisted of terraced houses which was then demolished and has most recently been used as a storage yard.
Access to the property is currently taken from Derbyshire Street.
The site is located on Derbyshire Street off Vallance Road, within the London Borough of Tower Hamlets. The immediate area comprises both commercial and residential uses with Weavers Field Park (public park) directly opposite the site.
Shoreditch is located within walking distance of the property (less then 0.5 miles) offering numerous amenities along the High Street and on Brick Lane including Boxpark, Dinerama and Dishoom.
The nearest stations are Shoreditch High Street (Overground) and Bethnal Green (Underground & Overground) all of which are within short walking distance of the property.
Journey times include: Liverpool Street – Central Line (3 mins) Bank – Central Line (5 mins)
Planning & Development Potential
The property benefits from planning permission, granted on 10th December 2019 (reference:PA/19/01620) for the construction of a new build block of 7 residential units (1 x studio, 2 x 1 bedroom, 3 x 2 bedroom and 1 x 3 bedroom) which extend to approximately 4,953 sq.ft.
All units are for private sale with no affordable housing provision required. The planning consent is subject to a CIL liability of approximately £85,100.
Now that the principle of apartments has been established there is potential to increase upon the density of the site subject to obtaining the necessary consents.
The property will be sold freehold.
The property is not elected for VAT.
Offers are invited in excess of £2,250,000 for the freehold interest.
Further information including planning documents are available within our dataroom using the access code ‘Derbyshire’.
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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- Storage yard extending to approximately 0.06 acres
- Planning permission granted for the construction of a new build block of 7 residential units (1 x studio, 2 x 1 bedroom, 3 x 2 bedroom and 1 x 3 bedroom) extending to approximately 4,953 sq.ft.
- Highly sought after location within walking distance to Shoreditch High Street Overground Station
- Offers invited in excess of £2,250,000 for the vacant freehold interest
To discuss this opportunity further, please contact Chris Incledon or Jordan Oldfield on 020 7183 2529