Development
properties
Joseph House 110–112 Grange Road Plaistow, London E13 0EP
Freehold airspace development/investment opportunity
Planning permission has now been granted for the erection of a proposed roof extension to provide 2 private apartments (1 x 2 bedroom and 1 x 3 bedroom)
8 ground rents producing £2,000 per annum included within the purchase price
All leases are 99 years from 2014
Section 5 notices have already been served
Scheme measuring approximately 150.5m2/1,619ft2
8-minute walk to Plaistow Station which sits on the District and Hammersmith & City Lines
Freehold
Offers in excess of £300,000 for the freehold and planning permission
Description
Joseph House is located within the London borough of Newham on Grange Road, between Grant Street and Colne Street. The current site comprises of three-storey block including eight flats and a rear open car park consisting of 8 spaces and bike store. The scheme now has further consent for the erection of a single storey roof extension to provide 2 apartments (1 x 2 bedroom and 1 x 3-bedroom apartments).
Location
Joseph House is located on Grange Road. The Site lies in a mainly residential area, a short walk away from Plaistow Highstreet, which offers great amenities such as shops, supermarkets, pubs, cafes and restaurants. The local area also offers a great choice of schools and universities including Plaistow Primary School, Wetherby Senior School, Newham Sixth Form College and the University of East London. The Site is also located a short walk from Plaistow Park which provides stunning scenery, long walks and is great for family outings.
Transport
Joseph House’s closest tube links are Plaistow Station which is a short 8-minute walk away. Upton Park tube station also in the district, both are served by the London Underground District and Hammersmith & City lines, which provide direct links into Central London, including Kings Cross, Paddington and Westminster Tube Station’s. West Ham Station only a 10-minute walk from Joseph House. The station is on the Jubilee line and Docklands Light Railway (DLR), which provides several key destinations and interchanges for Plaistow, including Stratford International, London City Airport, London Bridge and Waterloo Tube Station’s. Stratford Station is also nearby which is served by the Central and Jubilee lines, DLR and National Rail Trains. This links the area to destinations across North East London, Essex and East Anglia. Canning Town Station is to the South of Plaistow’s South-West on the Jubilee Line and the DLR. The Site is within a PTAL 4 area, which is due to be upgraded to PTAL 5 (2021 projection).
Planning Permission
19/02562/FUL: Planning permission was granted on the 17th December 2019 to provide a roof extension to form a new third floor level to create 1 x 2 bed and 1 x 3 bed flats.
Access
Access can be arranged 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.
VAT
We have been advised that VAT is not applicable.
Tenure
Freehold.
Terms
Highfield are inviting offers in excess of £300,000 for the development/investment opportunity.
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.