FOR SALE

Wilmer Place, Stoke Newington N16 0LH

Offers in the region of £6,000,000

Description

The existing property comprises a former car park (now vacant), occupying a broadly L-shaped site extending to approximately 0.7 acres.

The site is bounded by Abney Park to the north and west, with a recently re-developed former shoe factory to the east, now comprising 35 apartments, and a community building to the south.

Vehicular access to the property is taken off Wilmer Place which in turn is accessed from the northern side of Stoke Newington Church Street.

Location

The property is located on Wilmer Place in Stoke Newington, within the London Borough of Hackney.

The site is in close proximity to several public open spaces including Clissold Park, Abney Park and Stoke Newington Common. There are numerous shops, cafes, restaurants, bars and other amenities available nearby on Stoke Newington Church Street and Stoke Newington High Street.

The nearest station is Stoke Newington (located approximately 0.25 miles to the north) which provides London Overground services, including direct links to Liverpool Street in circa 15 minutes.

Planning & Development Potential

A resolution to grant planning permission was given at committee (ref: 2020/3507) for the erection of a building of up to four storeys comprising 30 residential units (8 x 1 bed, 12 x 2 bed and 10 x 3 bed units) extending to approximately 24,111sq.ft.

The planning consent is subject to a Section 106 Agreement with obligations for 7 units to be delivered as London Affordable Rent and 3 apartments to be Shared Ownership. There are financial obligations totalling approximately £20,000 and a CIL of approximately £577,078 is payable.

Tenure

The property will be sold freehold and subject to vacant possession upon completion.

VAT

The property is not elected for VAT.

Terms

Offers are invited in the region of £6,000,000 for the freehold interest.

Additional Information

Further information including planning documents and technical documents are available in the dataroom using access code ‘Wilmer21‘.


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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  • Cleared site extending to approximately 0.7 acres
  • Resolution to grant planning permission for a new build scheme comprising 30 residential apartments (8 x 1 bed, 12 x 2 bed and 10 x 3 bed units) extending to approximately 24,111sq.ft.
  • 20 units for private sale with 10 allocated for affordable housing (3 x shared ownership and 7 x London Affordable Rent)
  • Sought-after location just off Stoke Newington Church Street and circa 0.25 miles from Stoke Newington Overground Station
  • Offers invited in the region of £6,000,000 for the freehold interest

To discuss this opportunity further, please contact Paul Heale or Chris Incledon on 020 7183 2529

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