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480 - 506 Larkshall Road, Chingford, London, E4 9HH, Investment / Development Opportunity

Guide Price
£5,000,000

£168.80 per sq ft

Business rates & charges may apply

Savills, Margaret Street- Development
SIZE AVAILABLE

29,621 sq ft

2,752 sq m

SECTOR

Land for sale

Key features

  • Four self-contained office buildings (Class E) comprising 19,967 sqft GIA
  • Large car park at the rear (c. 43 spaces)
  • Currently multi-let producing a total income of c. £372,257 pax
  • The site extends to 0.68 acres (0.27 ha)
  • The site has planning permission for 3 self-contained commercial units
  • 68 Private Residential units
  • The property offers potential for to convert through PD
  • A co-living feasibility study has been drawn to provide 173 studio units
  • Suitable for alternative uses subject to obtaining the necessary consents.
  • For sale freehold, subject to contract

Description

The site extends to 0.68 acres (0.28ha) and currently accommodates four self-contained office buildings (Class-E) arranged over ground and first floors (19,967 sq ft GIA) with a large car park at the rear accommodating c.43-spaces.

Existing buildings are let under a number of short term lease agreements as offices and are producing£372,257 pax. (£18.64 per sq ft). A detailed tenancy schedule is available in the data room.

The surrounding area is a combination of quality mixed-use developments, commercial buildings, and light industrial units. Recent developments include Spenhill’s £41million Tesco scheme (253 residential units) & Fairview New Homes’ scheme (82 residential units)

Larkshall Road is located in Highams Park (Zone 4) in between Walthamstow, Tottenham and Woodford; located in the Borough of Waltham Forest. Prominent town centre site, with good transport connections. This includes connectivity via numerous bus routes and Highams Park train station adjacent to the site. London Overground services are available here with direct trains to London Liverpool Street in just 21 minutes. (source: tfl)

Brochures

480 - 506 Larkshall Road, Chingford, London, E4 9HH, Investment / Development Opportunity

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Highams Park Station0.0 miles
  • Wood Street Station1.5 miles
  • Woodford Station1.6 miles

About Savills, Margaret Street- Development

33 Margaret Street, London, W1G 0JD

Notes

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