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Green Lanes, London

Guide Price
£850,000

Business rates & charges may apply

Harston&Co, London
SIZE

Ask agent

SECTOR

Residential development for sale

Plans for brochure1.pdfAccomodation Schedule 50 Green Lanes LANDSCAPE.pdf
2

Key features

  • Consented development with permission granted to provide 4 x apartments (1 x 1 bed, 2 x 2 bed & 1 x 3 bed)
  • Located on Green Lanes, Stoke Newington just 0.1 miles away from Newington Green
  • The development provides a total of 3,002 square feet (279 square metres) NIA of accommodation
  • To be sold in the 28th May 2025 Savills auction
  • Guide price £850,000

Description

A consented development with permission granted to provide 4 x apartments (1 x 1 bed, 2 x 2 bed & 1 x 3 bed) located on Green Lanes, Stoke Newington just 0.1 miles away from Newington Green. The development provides a total of 3,002 square feet (279 square metres) NIA of accommodation and is to be sold in the 28th May 2025 Savills auction.

Location - The property is located within a three-story block facing Green Lanes, Stoke Newington. Stoke Newington is a vibrant and popular part of London ideal for professionals, couples, or families seeking a dynamic yet community-focused London lifestyle. The area is well served by public transport with Canonbury station, Dalston Kingsland station, and Dalston Junction station all within walking distance of the property.

Please note all times and distances given are approximate only.

Description - The property is arranged over three floors. The ground floor currently consists of a 1-bedroom apartment, self-contained commercial unit, and a rear yard. The uppers two floors provide 2 x apartments that are sold off on long leases.

Development - The property benefits from 3 planning consents granted by the London Borough of Hackney which are summarised as follows.

2023/1052 & 2024/1628 (Ground Floor)

Prior Approval (Class MA) for change of use from office (Class E) to residential. The ground floor has then been granted full planning permission to reconfigure and extend the ground floor to create 2 x 2-bedroom apartments. Both apartments benefit from private garden area.

2024/1717 (Airspace)

Prior approval for the erection of two additional storeys to create 2 x apartments. The apartments are arranged as 1 x 1 bedroom and 1 x 3 bedroom.

We are informed that there are 2 x S106 agreements with a combined cost of £1,110 which are Monitoring Costs. The CIL payment expected to be approximately £58,000.

See brochure for accommodation schedule.

Tenure - The freehold interest is to be sold subject to the leases that are in place over the first and second floor.

Vat - We understand that the property has not been elected for VAT.

Viewings - Viewings are strictly by appointment through joint auctioneers Harston&Co and Savills.

Terms - The property is guided at £850,000. The property will be sold in 28th May 2025 Savills auction. Offers will be considered prior to the auction.

Brochures

Green Lanes, London

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Canonbury Station0.4 miles
  • Dalston Kingsland Station0.6 miles
  • Dalston Junction Station0.7 miles

About Harston&Co, London

247 High Road London E18 2PB

Founded in 2017, Harston&Co advise clients within the commercial, investment and development markets throughout London and the South-East. Our clients range from private individuals to large institutions. We have established ourselves as one of London’s most proactive commercial property agencies and asset managers.

If you are looking to sell, let, or acquire a commercial, investment or development property or would like to know more about our asset or property management services, please contact our office to discuss.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 33837441. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Harston&Co, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Harston&Co, London on 020 3840 3359.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Map data ©OpenStreetMap contributors.

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