19 Urswick Road, Hackney, London E9 6EG
Offers in excess of £1,100,000
Freehold Development with Planning Permission for 4 Apartments
Planning for 4 apartments
Conversion with enlargement of basement
Hackney Central
Freehold
Offers in excess of £1,100,000
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Description
The existing freehold comprises of a three-storey plus basement period property of approximately 2,200sq,ft. Historically the property has been used as a shop with ancillary accommodation and a single residential dwelling and now benefits from planning permission to convert with an enlargement of the basement area to create 4 apartments as per our below schedule.
Location
The property is located on Urswick Road in the popular Central Hackney, within the London Borough of Hackney. Urswick Road leads into Lower Clapton Road, which is a bustling High Street with many independent food stores, cafes and shops. Mare Street is a 5-minute walk away, which has a good selection of High Street shops and gastro-pubs and is also home to the Hackney Empire.
The property is a 10-minute walk to the vast open spaces of both Hackney Downs and Victoria Park and is in the catchment area for the Outstanding Ofsted rated St John and St James C of E Primary and City Academy Secondary schools.
Transport
A few minutes walk from the property, Hackney Central and Hackney Downs stations (London Overground line), provide fast links into Stratford and London Liverpool Street and out to Hertfordshire. The A10 and A12 are both a short-drive away leading out to the North and East of London respectively.
Planning Permission
Planning permission was granted under planning reference 2015/2923 on 25th November 2015 for the enlargement of basement, provision of lightwells and covered courtyard to south elevation and elevational alterations to facilitate conversion of the building into 4 self-contained residential units (use class C3). For further information please contact Hackney Council’s Planning Department on 020 8536 8062.
VAT
We understand the property is not subject to VAT.
Additional Information
A full construction package (including working drawings and Structural Engineer’s calculations) as well as all relevant planning documents and decision notice are available upon request.
Viewing
Can be made adequately from the roadside in the first instance.
Terms
Offers are invited in excess of £1,100,000 for the vacant freehold interest.
Buyers note: The property owning company is also offered for sale as an alternative to an asset purchase. We are instructed that this is a brand new off-the-shelf company with no assets other than the property and no liabilities other than the acquisition loan which the vendor will undertake to discharge in full completion. We understand that there is a substantial stamp duty saving in the event of a company purchase although any interested parties should take their own independent financial advice.
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.