Essex Road South, London, E11

An airspace development opportunity with planning approval for five apartments.

A fantastic opportunity to acquire this airspace lease with planning permission for 5 apartments in the desirable location of Leyton, East London.

Each apartment is approx 70sqm in size and a two bedroom/three person apartment.

Planning reference: Waltham Forest Council 241769

The Gross Internal Area of approx. 3701sq. ft. (344m2). There will be a CIL liability of approx. £67,000

There is also contributions of approximately £15,000 payable by the purchaser.

Martyn Gerrard`s New Homes team have advised of a GDV of £2,000,000 once the property has been built.

The local area boasts a wealth of amenities, including High Road Leyton & Leytonstone, the pedestrian-friendly Francis Road, and the nearby High Street Wanstead and Walthamstow Market, all within easy reach. These spots offer a delightful variety of shopping, dining, and leisure activities. For nature lovers, the serene Epping Forest and Hollow Ponds are just a short distance away, providing a peaceful retreat from the hustle and bustle of London. With Overground and Central Line stations within walking distance, as well as numerous bus and cycling routes nearby, staying connected to the City and beyond is a breeze.

Transport links are excellent, with Leyton Midland Road station (overground) 0.4 miles away and Leytonstone station (underground) 0.5 miles away.

Tenure : Long Leasehold

Guide Price : £500,000

A excellent opportunity for a developer or investor

Viewings are strictly by appointment only

PLEASE NOTE: One of the Directors of Martyn Gerrard Estate Agents has a substantial interest in the vendor company.