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Property for sale

Fortess Grove, London

Sold STC £6,000,000

Property Description

Key features

  • Kentish Town, Fortess Grove
  • Kentish Town, Fortess Grove
  • Kentish Town, Fortess Grove
  • Fortess Grove, Kentish Town
  • Fortess Grove, Kentish Town

Full description

Prime London freehold mixed use development opportunity in Kentish Town

Located in Kentish Town, close to Kentish Town Underground and Rail Station and minutes away from High Street shops

A Resolution to grant planning has been approved for 9,311 sq ft NIA of "B1" Business space suitable for office/studio space, 1 No. 2 bedroom dwelling (social rented) on Railey Mews, 8 No. 3 bedroom dwellings within the retained shell of the existing building and 1 No. 2 bedroom dwelling on Fortess Grove

A Resolution to grant planning permission has been approved for "change of use from vehicle repair workshop (B2) to provide 9,311 sq ft NIA commercial space (B1), 1 x 2 bed dwelling (social rented) on Railey Mews, 8 x 3 bed dwellings within retained shell of the existing building and 1 x 2 bed dwelling on Fortess Grove.

The CIL and Section 106 Agreements are in the process of being finalised and are subject to final approval from London Borough of Camden. We understand the total indicative CIL liability will be in the region of £270,000.

Draft Section 106 Agreement includes:
•Provision of 1 unit (House type C) of affordable housing for social rent
•Payment of £140,450 in lieu of the balance of the full policy compliant contribution for affordable housing
•Car free development
•Demolition and Construction Management Plan
•Financial contribution for highway works of £4,633
•Service Management Plan
•Local employment and procurement
•Sustainability and energy statements

Proposed Accommodation
Houses (GIA)
A1 - Units 1 & 5 - 3 Bed Houses - 1,389 sq ft each
A2 - Units 3 & 7 - 3 Bed Houses - 1,367 sq ft each
B - Units 2, 4, 6 & 8 - 3 Bed Houses - 1,399 sq ft each
C - Unit 9 - 2 Bed House - 1,141 sq ft
Ex No. 20 - No 20 - 2 Bed House - 671 sq ft

Commercial NIA
Unit 1 - 3,436 sq ft
Unit 2 - 3,186 sq ft
Unit 3 - 652 sq ft
Unit 4 - 2,037 sq ft
Total - 9,311 sq ft

Please contact Davis Brown for a copy of the proposed floor plans and a full brochure

More information from this agent

Listing History

Added on Rightmove:
29 September 2016

Map & Street View

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