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Commercial Property for sale

Wallis Road, London, E9

Offers in Excess of £6,500,000

Property Description

Key features

  • Two linked sites located in the heart of the Hackney Wick regeneration area.
  • Prime location with canalside frontage and views over the Olympic Park.
  • 4 minute walk to Hackney Wick Overground Station.
  • Ideally location between Hackney Wick and the Olympic Park.
  • Both sites offered with vacant possession.
  • Asking price includes the freehold interest in 119 Wallis Road and 1/3 share in the freehold interest of the land to the north of Wallis Road.

Full description

Tenure: Freehold

119 Wallis Road – This 0.218 acre (882.21 m²) site is located on the north side of Wallis Road adjacent to land which fronts the River Lee Navigation canal (see ‘Land on north side of Wallis Road’ below). Wallis Road is a prime thoroughfare in Hackney Wick, with key listed heritage buildings; it forms the main pedestrian and cycle link from Hackney Wick to the Olympic Park, and is located opposite the planned Sweetwater neighbourhood in the Olympic Park. The site currently houses a two-storey building with c.10,968 sq ft (1,018.96 m²) of B2 commercial space on the ground and first floors.

Land on north side of 119 Wallis Road – The land on the north side of Wallis Road comprises a canalside plot on the River Lea and land to the rear of 115-119 Wallis Road. The land lies directly adjacent to 119 Wallis Road, fronting onto the River Lee Navigation and running along the northern boundary of 115, 117 and 119 Wallis Road. The area extends to c. 11,819 sq. ft. (1,098 m²).

The site is held in trust between 115, 117 & 119 Wallis Road, with an equal share between the sites. Therefore, a share of 1/3 of the freehold interest is included in the sale of 119 Wallis Road.

The site offers potential for redevelopment by way of a new mixed-use scheme, subject to obtaining the necessary consents. It lies within the Hackney Wick Central Masterplan area and is therefore subject to the LLDC regeneration plan (planning ref. 16/00166/OUT).

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