Development
properties
279 South Street, Romford RM1 2BB
Offers in excess of £1,100,000
Freehold for sale with planning permission
Planning permission granted for 9 apartments
2 x one-bedroom, 5 x two-bedroom and 2 x three-bedroom units
Part conversion / part new build
7 parking spaces provided
Existing building extends to circa 338m2 / 3,638ft2
0.4 miles to Romford station and the new Elizabeth Line
Prominent town centre location
Freehold with vacant possession
Offers in excess of £1,100,000 +VAT
Site Description
The existing property is the former Old Oak Public House which is now vacant. The property now benefits from planning permission to convert and extend the existing building to provide a new three storey building comprising 2 x one-bedroom, 5 x two-bedroom and 2 x three-bedroom apartments extending to a total of approximately 604m2 / 6,512ft2. Parking is also provided.
Location
The site is located on South Street in Romford within the London Borough of Havering. Both the Liberty Shopping Centre and The Mercury Shopping Centre are located in close proximity whilst South Street and Romford Town Centre also provides many excellent restaurants, pubs and bars including a Vue cinema. The Raphael Independent school and Hylands Primary School along with Manor Green College are all in close proximity.
Transport
An approximately 8-minute walk from the property, Romford station (National Rail line) provides fast links to Stratford (21 mins) and London Liverpool Street (17 mins) stations. Romford station will also benefit from a Crossrail link which will allow direct access to Heathrow Airport and Reading along with faster journey times into Central London.
Planning Permission
Planning permission was granted via Havering Council on the 22nd March 2019 under the planning reference P1473.18 for the change of use from public house (use class A4) to residential (use class C3) including extensions to accommodate 9 flats (2 x one-bedroom, 5 x two-bedroom and 2 x three-bedroom), car and cycle parking and private and communal gardens.
Financial Contributions
The planning consent is subject to a S106 agreement with contributions totalling £42,000. A further Mayoral CIL 1 is payable of approximately £8,380.
Tenure
Freehold.
VAT
We understand the property is subject to VAT.
Additional Information
Planning documents, floor plans and other related documents can be provided in the form of a further information pack.
Viewings
To be arranged by appointment only.
Terms
Offers in excess of £1,100,000 for the vacant freehold interest.
Schedule
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.