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properties

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Hunts Wharf, Leaside Road,
London E5 9LU

Price on application - gross development value in excess of £16,000,000

Mixed-use development for sale for 26 residential units and B1 office space

Planning permission for 26 residential units

19 Private

7 Affordable

Modern office space of approximately 968sqm / 10,420sq.ft

Waterside Hackney Location

Off market transaction

Description

The existing property comprises an existing industrial warehouse (use class B8), which has most recently been utilised as a self-storage facility, known as the Ziam Trading Estate. This linear site measuring approximately 0.1 hectares and now benefits from planning permission for a mixed-use development proposal providing 26 high quality residential apartments incorporating 19 private units, 7 affordable units and 968sqm of modern B1 commercial space incorporated over 6 storeys. A grass bank and trees along a railway line operated by London Overground services forms the western boundary of the site and the River Lee forms the northern boundary.

Location

The property is located on Leaside Road in Clapton, to the north of the London Borough of Hackney. The site lies between a railway embankment to the west, Leaside Road to the south, and a large mixed-used development to the east. The northern elevation of the property adjacent to a riverside footpath, which runs along the River Lee.

The local area is mixed in use, with predominantly residential accommodation to the west and along the River Lee frontage. The area to the south comprises a mixed commercial area focused around Theydon Road. To the north and east, across the River Lee, is a large area of green open space, incorporating Lammas Meadows and Walthamstow Marshes.

The site does not contain any statutorily or locally listed buildings, and it is not located within a Conservation Area.

Transport

The site will be car-free and offers sustainable methods of transportation and is located next to the London Greenway and Lee Valley cycling route, which runs along the River Lee and is part of the national cycling network. The number 393 bus service runs directly past the site along Leaside Road with links to Stoke Newington.

The nearest station is Clapton Station approximately 900m from the site with links to London Liverpool Street and Chingford.

Planning Permission

Planning permission was granted on 4 November 2015 for the development of 26 residential units and 10,419 sq. ft. of commercial space, subject to the signing the section 106 agreement, under the planning reference 2014/2552.

Interested parties are advised to make their own planning enquiries with the London Borough of Hackney Planning Authority on 020 8356 3000. Details of further planning policies can be found at www.hackney.gov.uk/planning.

VAT

We understand the sale will not be subject to VAT.

Access

Sole agents Highfield Investments will be holding internal viewings on set days in the coming days, please contact a member of our team to arrange access.

Tenure

Freehold

Terms

Price on application – gross development value in excess of £16,000,000.

Further Information

Copies of the existing and proposed drawings and decision notice are available upon request.

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.