Development
properties
103 Woodgrange Road
Forest Gate
London E7 0EP
Offers in excess of £375,000
Mixed-use development opportunity for sale in Forest Gate
Planning permission granted to provide 2 residential units measuring 173m2 / 1,862ft2 (NSA) and 1 commercial unit totalling 51m2 / 548ft2
Plot measuring approximately 1,302ft2
Located on Woodgrange Road
Within a 0.1 mile walk to Forest Gate station
Within a 0.3 mile walk to Wanstead Park station
Forest Gate station is going to be a major new station for the Cross-Rail link into London
Freehold
Sold with vacant possession
Offers in excess of £375,000
Site Description
The existing property is currently occupied by a commercial use on the ground floor, which was previously utilised as a butchers shop with an ancillary residential accommodation above. The proposal seeks the demolition of the existing two storey building, and in its place, construction of a two storey building facing Woodgrange Road to accommodate a ground floor A1 retail unit and a two-bedroom duplex, the proposal also includes a 3 storey Mews House to the rear including a shared courtyard between the front and rear building, associated amenity areas and privacy screening.
Location
The site is located within the London Borough of Newham on the west side of Woodgrange Road, between the junctions of Brooking Road and Forest Lane, in Forest Gate. The surrounding area is vibrant with many local amenities nearby including restaurants, boutique shops and supermarkets. The area is currently undergoing a process of regeneration in which this plot will play a key role. First Steps Montessori Prep School is a very short walk away and is rated ‘good’ by Ofsted. For Secondary Schools, Forest Gate Community School is ‘outstanding’ and within a 6 minute walk.
Transport
The property at 103 Woodgrange Road is extremely well connected, especially to London, with Forest Gate station being a 10 minute train from Stratford Station and a 20 minute train to London Liverpool Street. The three local bus stops which are situated along Woodgrange Road also allow easy access links to nearby towns and city.
Planning Permission
Planning permission was granted on the 4th May 2018 under the application number 17/04129/FUL for the demolition of the existing two storey building, and in its place, construction of a three storey building facing Woodgrange Road to accommodate a ground A1 retail unit and a two-bedroom duplex flat, the proposal also includes a 3 storey Mews House to the rear including a shared courtyard between front and rear building, associated amenity areas and privacy screening.
Buyers Note
Planning permission was granted with the ability to construct a 76m2 lower ground floor basement to accommodate freezers however the costs involved in doing so outweighed the positives. We have been advised that the lower ground floor element doesn’t have to be constructed.
Access
Access is to be made strictly by appointment only 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.
Financial Contributions
The property is liable for a Newham CIL charge of approximately £11,250.
Tenure
Freehold.
VAT
We have been advised that VAT is not applicable.
Terms
We are inviting offers in excess of £375,000 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.