Description
The existing site is approximately 412.5m2 / 0.1 acres and was most recently utilised as a car park. Planning permission has been granted for the erection of a mixed-use development comprising 80m2 commercial space and nine luxury apartments, 4 x one bedrooms, 2 x two bedrooms and three x 3 bedrooms.
Location
The site is situated just off Graham Road, close to where it meets Mare Street, within the London Borough of Hackney. To the East of the site sits a row of three-storey town houses and to the West sits a four-storey mixed-use development.
Ideally situated within easy reach of the popular and up-and-coming Mare Street, with quirky independent shops, cafes, restaurants and cool bars, this area is being touted as the ‘new Shoreditch’.
For green open spaces and recreation, London Fields and Hackney Downs are also in close proximity
Transport
All areas of London are easily accessible from the site. Hackney Central Overground station is a five-minute walk with fast links to Stratford, Docklands and Central London. Graham Road is on various bus routes into the City and West End.
Planning Permission
Planning has been granted for the erection of part 3, part 4-storey mixed use development comprising 80m2 of commercial floorspace at ground floor level and 9 x self contained residential units at ground, first, second and third floor (4×1 bedroom, 2×2 bedroom and 3×3 bedroom); provision of cycle and waste storage; landscaping and superb balconies and terraces.
Section 106 Contributions & CIL Payment
The planning permission is subject to a Section 106 Agreement, which provides a car-free development and financial contribution of £19,001.64. We understand that the Community Infrastructure Levy payment of £25,515 is payable.
VAT
The property is subject to VAT and as such will be charged on the purchase.
Terms
Price on application
Additional Information
Copies of the existing and proposed planning drawings and decision notice are available upon request.
Viewings
Can be adequately made from the roadside in the first instance.
