Development
properties
Land between 649 – 651 High Road,
Leyton, London E10 6RA
Offers in excess of £1,100,000
Mixed-use new build development opportunity with planning permission
8 apartments measuring approximately 5,921ft2
Commercial unit (use class A1/A2) measuring approximately 429ft2
Located in Leyton
Freehold
Offers in excess of £1,100,000
Description
The existing site measuring approximately 7,406ft2 is currently utilised as a car wash on High Road, Leyton. The site now benefits from planning permission for the construction of a four-storey mixed-use development comprising a commercial unit (use class A1/A2) on the ground floor measuring approximately 429ft2. The upper floors will comprise 8 apartments, 5 x one-bedroom & 3 x two-bedroom over ground, first, second and third floors totalling approximately 5,921ft2.
Location
The site is located on Leyton High Road, East London. Leyton is becoming increasingly popular and more affordable than nearby Hackney. Its close proximity to Central London and the City makes Leyton an excellent renting location for young professionals and the large choice of good primary and secondary schools makes it a great place for young families to live. Leyton has a large choice of excellent restaurants and lively pubs and the popular Leyton Food Market takes place every Saturday. There are many nearby green spaces including Epping Forest, Wansted Flats, Victoria Park and the River Lea.
Transport
Walthamstow Central and Leytonstone underground stations (Central line) are both a mile away from the site. Leyton Midland Road (London Overground) is 0.1 miles away. The A406 North Circular Road and A12 provide fast links to the M25 and M11.
Planning Permission
The site has planning permission under application number 171313 subject to the signing of the S106, for the construction of a four-storey building with roof terrace, balconies on first, second and third floor side elevations with associated cycle and bin storage to provide a retail/ office unit and eight residential units (5 x 1-bedroom & 3 x 2-bedroom).
For further information, please contact Waltham Forest Council on 0208 496 3000.
VAT
We understand that VAT is not applicable.
Viewings
Can be adequately made from the public highway in the first instance.
Tenure
Freehold.
Financial Contributions
The property is liable for a Mayoral CIL and Waltham Forest CIL of approximately £49,500.
Further 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.
Terms
We are inviting offers in excess of £1,100,000 for the 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.