FOR SALE

High Road, South Woodford E18 2JT

Offers in excess of £1,200,000

Description

The property comprises the roof and airspace above a existing residential apartment block.

The original development known as ‘The Regency’ was built in 2006 by Tudor Value and comprises 161 apartments as well as a concierge, cinema room, landscaped grounds and underground parking.

In 2017 an additional 6 residential apartments (under planning reference 2487/15) were built on the eastern section of the roof which have subsequently been sold off, thus demonstrating the buildability of the approved scheme being sold.

Location

Regency Court is located on the High Road in South Woodford within the London Borough of Redbridge.

South Woodford is an affluent suburb of East London and the immediate area comprises a mix of residential and commercial uses. George Lane provides numerous amenities including a large Sainsburys and Waitrose & Partners situated opposite to the property.

South Woodford underground station is located 0.3 miles from the property providing Central Line services to Central London with journey times including Liverpool Street in 19 minutes and Oxford Circus in 29 minutes.

Planning & Development

Planning permission has been granted on 11th August 2021 (under reference 2484/21) for the construction of a new 5th floor to provide 9 x 2 residential apartments extending to approximately 7,282 sq.ft. in total.

All of the units are for private sale and will benefit from private terraces.

A CIL liability of £126,280.42 is payable. Please note that this is an indexed estimate as at September 2021 and should not be relied upon, any prospective purchasers should undertake their own analysis.

Whilst designing the proposed scheme and in readiness for development, the existing services within the block have been taking into account which includes the utilities and lift access as well as a EWS1 form being completed.

Full information including approved plans, the EWS1 form and mechanical documents can be found within our dataroom.

Tenure

The property will be sold on a new 125 year leasehold interest.

VAT

The property is not elected for VAT.

Terms

Offers invited in excess of £1,200,000 for the 125 year leasehold interest.

Additional Information

Further information including planning documents and technical documents are available in the dataroom using access code ‘Regency’.


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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  • Long leasehold interest of the roof and airspace above a modern residential apartment block
  • Planning permission to create 9 x 2 bedroom penthouse apartments with private terraces extending to approximately 7,282 sq.ft.
  • Sought after location close to South Woodford tube station
  • Offers invited in excess of £1,200,000 for the 125 year leasehold interest

To discuss this opportunity further, please contact Chris Incledon or Joe Cooper on 020 7183 2529

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