Development
properties

Sold

103 Woodgrange Road
Forest Gate
London E7 0EP

Offers in excess of £375,000

Mixed-use development opportunity for sale in Forest Gate

Planning permission granted to provide 2 residential units measuring 173m2 / 1,862ft2 (NSA) and 1 commercial unit totalling 51m2 / 548ft2

Plot measuring approximately 1,302ft2

Located on Woodgrange Road

Within a 0.1 mile walk to Forest Gate station

Within a 0.3 mile walk to Wanstead Park station

Forest Gate station is going to be a major new station for the Cross-Rail link into London

Freehold

Sold with vacant possession

Offers in excess of £375,000

Site Description

The existing property is currently occupied by a commercial use on the ground floor, which was previously utilised as a butchers shop with an ancillary residential accommodation above. The proposal seeks the demolition of the existing two storey building, and in its place, construction of a two storey building facing Woodgrange Road to accommodate a ground floor A1 retail unit and a two-bedroom duplex, the proposal also includes a 3 storey Mews House to the rear including a shared courtyard between the front and rear building, associated amenity areas and privacy screening.

Location

The site is located within the London Borough of Newham on the west side of Woodgrange Road, between the junctions of Brooking Road and Forest Lane, in Forest Gate. The surrounding area is vibrant with many local amenities nearby including restaurants, boutique shops and supermarkets. The area is currently undergoing a process of regeneration in which this plot will play a key role. First Steps Montessori Prep School is a very short walk away and is rated ‘good’ by Ofsted. For Secondary Schools, Forest Gate Community School is ‘outstanding’ and within a 6 minute walk.

Transport

The property at 103 Woodgrange Road is extremely well connected, especially to London, with Forest Gate station being a 10 minute train from Stratford Station and a 20 minute train to London Liverpool Street. The three local bus stops which are situated along Woodgrange Road also allow easy access links to nearby towns and city.

Planning Permission

Planning permission was granted on the 4th May 2018 under the application number 17/04129/FUL for the demolition of the existing two storey building, and in its place, construction of a three storey building facing Woodgrange Road to accommodate a ground A1 retail unit and a two-bedroom duplex flat, the proposal also includes a 3 storey Mews House to the rear including a shared courtyard between front and rear building, associated amenity areas and privacy screening.

Buyers Note

Planning permission was granted with the ability to construct a 76m2 lower ground floor basement to accommodate freezers however the costs involved in doing so outweighed the positives. We have been advised that the lower ground floor element doesn’t have to be constructed.

Access

Access is to be made strictly by appointment only with sole agents Highfield Investments.

Additional Information

Planning and other related documents will be sent in the form of an information pack that can be requested from a member of the Highfield team.

Financial Contributions

The property is liable for a Newham CIL charge of approximately £11,250.

Tenure

Freehold.

VAT

We have been advised that VAT is not applicable.

Terms

We are inviting offers in excess of £375,000 for the freehold interest

Schedule

Residential Schedule
Residential Schedule Unit
Type
Beds
GIA (sq m)
GIA (sq ft)
Residential Schedule 1
Duplex Flat
New
2
87
936
Residential Schedule 2
Mews House
New
2
86
926
Residential Schedule Total GIA
173
1,862
Residential Schedule
Residential Schedule Commercial Schedule
Residential Schedule Unit
Floor
Description
GIA (sq m)
GIA (sq ft)
Residential Schedule 1
Ground
A1
51
549
Residential Schedule Total GIA
51
549

Please note the information provided by Highfield Investments London Limited, trading as Highfield Investments has been given in good faith, however all parties must undertake their own due diligence to satisfy themselves in regards to accuracy.