Description
The existing site sits just off Upper Street and consists of an empty two-storey building that faces Swan Yard. Planning permission has been granted by the London Borough of Islington for change of use and conversion from the existing Class E space to create 1 x 3 bedroom residential dwelling along with extensions at the first and second floors, incorporating the existing ground floor and amenity space.
Location
The existing building forms the end of the terrace of Swan Yard and is situated within the desirable London Borough of Islington. Sitting just off the popular and well-connected Upper Street, the immediate neighborhood is occupied by a mix of residential and office spaces. The area is very well served in terms of local nearby amenities which can be found a 1 minute walk away on Upper Street and Holloway Road. The local schools include Laycock Primary School (0.1 mile), Canonbury Primary School (0.1 mile), and St Mary Magdalene Academy (0.4 miles).
Transport
The site is highly accessible and has a PTAL rating of 6B. The nearest station is Highbury & Islington Station is situated a 1 minute walk away providing direct access to Oxford Circus within 5 minutes on the Victoria Line. The same station also provides Overground access to Stratford within 17 minutes.
Planning Permission
Reference Number P2022/1317/FUL– Planning permission has been granted by the London Borough of Islington for the change of use and conversion from the existing Class E space to create 1 x 3 bedroom residential dwelling along with extensions at first and second floors, incorporating the existing ground floor and amenity space.
Enabling Works
The owner has completed all underpinning works. Water and gas connections have been completed and the owner has obtained a quote from UKPN for the electricity connection.
Financial Contributions
We have been advised that the CIL charge will be approximately £20,000 and to be paid by the buyer. The S106 charge of £51,000 has been paid in full by the owner.
Access
Available upon request.
Tenure
Freehold.
Additional Information
Please contact a member of the team at Highfield Investments for the further information pack.
VAT
We have been advised that VAT is not applicable.
Terms
Highfield are inviting offers in access of £725,000 for the freehold interest.
