Development
properties

82–84 Rhodeswell Road London E14 7TL

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

Freehold development opportunity

Planning permission has now been granted for the erection of a two storey block containing 1 x 1 bedroom and 1 x 2 bedroom flats

Site measuring approximately 192m2/2,066ft2

A short walk to Mile End and Limehouse stations providing fast transport links into Central London and surrounding areas

This is a canal side development

Freehold

Offers in excess of £375,000

Description

The site is a wedge-shaped piece of land, approximately 192m2 on the south western edge of Mile End Park, adjacent to the Regent’s Canal Conservation Area.
The site is adjacent to Metropolitan Open Land and a Site of Importance for Nature Conservation. Planning was granted under Tower Hamlets Council on the 4th March 2019 for the erection of a two-storey building comprising of 2 residential dwellings (1 x 1 bedroom and 1 x 2-bedroom) with associated landscaping works.

Location

82–84 Rhodeswell Road sits in Limehouse, on the south western edge of Mile End Park and the edge of Regents Canal within the London borough of Tower Hamlets in East London. The surrounding areas offer a wealth of amenities and sites of both leisure and commercial interest. Canary Wharf, one of the main financial and business districts in the UK, is a short walk away. Known traditionally for its links to finance, it is now home to business from the media and technology sectors and hosts many retail and leisure spots as well as offering an extensive arts and cultural programme of events throughout the year. Nearby historic Wapping has undergone extensive regeneration with converted warehouse apartments and traditional pubs overlooking the River Thames. Chic bars and restaurants surround a marina at St. Katharine Docks, whilst Tobacco Dock hosts food festivals and other events, both a stone’s throw away. A stroll in the opposite direction takes you to the areas of Mile End and Stepney, whilst a short walk takes you to the buzzing local landmarks of Victoria Park, Lauriston Village and Broadway Market. The local area also offers a great choice of schools including Sir William Burrough Primary School, Wapping High School, Bethnal Green Academy and Queen Mary University of London. Limehouse is also gifted by the Mile End Park conservation area within which sits the Mile End Park Leisure Centre and Stadium, as well as Mile End Football Stadium, perfect for outdoor sporting activities such as running, football and cycling

Transport

The development site has a public Transport Access level of 5 and provides great transport links into Central and the West End of London. Limehouse Station is a 5-minute walk and is served by regional services operated by c2c between Southend, Leigh on Sea, Stratford and London Fenchurch Street and DLR services to Canary wharf, Greenwich, Stratford International, London City Airport, Tower Gateway and Bank Station in the city. Mile End tube station is a 10 minute walk and is served by the Central Line, District Line and Hammersmith & City Line. There are also a number of London Bus routes, including routes 15, 115, 135, D3 and night bus routes N15, N550 and N551. The development site has easy access to London’s cycle highways taking riders straight into Central London heading West or Stratford International to the East.

Planning Permission

(PA/17/02442/A1): Planning permission was granted on the 4th March 2019 for the erection of a two-storey building comprising of 2 residential dwellings with associated landscaping works.

Access

The site can initially be viewed from the roadside.

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.

Financial Contributions

The property is liable for a CIL charge payment of approximately £15,000.

Tenure

Freehold.

Terms

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

Schedule

Unit Type Beds GIA (sq m) GIA (sq ft)
Unit 1
Type Flat
Beds 2b
GIA (sq m) 70
GIA (sq ft) 753
Unit 2
Type Flat
Beds 1b
GIA (sq m) 58
GIA (sq ft) 624
Unit
Type
Beds
GIA (sq m) 128
GIA (sq ft) 1,378

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.