Fulbourne Road, Walthamstow E17 4FF
Offers in excess of £650,000
The property comprises part of the roof and airspace located above Spring House which is a modern residential block constructed in 2016 and consists of 23 flats.
The property is located on Fulbourne Road in Walthamstow, within the London Borough of Waltham Forest.
The immediate area comprises mainly residential uses although the property is circa 0.8 miles from Hoe St which is host to numerous shops, restaurants and amenities. Frederick Bremer secondary school is located directly opposite to the property.
The nearest station is Wood Street which is approximately 0.6 miles away providing London Overground services into London Liverpool Street in under 25 minutes.
Planning permission was granted on 11th October 2018 at appeal (reference: APP/U5930/W/18/3200724) for the erection of additional 4th and 5th floors to create 2 x 1 bed, 1 x 2 bed and 1 x 3 bed units extending to approximately 2,939 sq.ft.
As part of the planning permission 2 additional parking spaces are to be created within the existing ground floor car park and slight extensions are to be made to the existing cycle and bin stores. A CIL liability of circa £35,310.42 is applicable.
Now that the principle of development has been established, there is potential to re-configure the internal layouts of the units to create 4 x 1 bedroom apartments and 1 x 2 bed.
The property, which includes the entire roof and airspace, will be sold on a new 150 year lease.
Offers are invited in excess of £650,000 for a new 150 year leasehold.
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 ‘Spring’.
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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- Leasehold interest of the roof and airspace above a modern residential block of 23 flats
- Planning permission for the fourth and fifth floor extensions to create 4 flats (2 x 1 bed, 1 x 2 bed and 1 x 3 bed) extending to approximately 2,939 sq.ft.
- Sought-after residential location within Walthamstow
- Offers are invited in excess of £650,000 for a new 150 year leasehold
To discuss this opportunity further, please contact Jordan Oldfield and Chris Incledon on 020 7183 2529