Description

The existing property comprises a mixed-use building situated on the A10, fronting Stoke Newington High Street. The residential aspect of the building extends to approximately 5,353ft2 comprising ten existing units and a further 3,759ft2 of commercial space on the lower ground and ground floor, which was formerly used as three retail units that are now vacant. The property offers significant re-development potential by way of refurbishment or possibly a new build, mixed-use proposal, subject to obtaining all necessary consents.

Location

The existing site is located in a prime central position on Stoke Newington High Street, within the London Borough of Hackney. The main epicentre of Church Street is on the doorstep, with its abundance of pubs, bars, independent shops and vintage Stores.

Backing onto the property is Abney Park Cemetery, one of the ‘magnificent seven’ garden cemeteries of London. The park is a nature reserve and hosts many events through the year including guided walks and events for children. The weekly organic farmers market is at the nearby St Paul’s Church, sourcing produce from local farmers in and around London.

Transport

Stoke Newington railway station is a 3-minute walk from the property with regular trains into London Liverpool Street taking 15 minutes. There are also several buses running from the station, transporting commuters to Euston and Waterloo. Stoke Newington High Street is on the A10, which leads out to the North Circular Road and Junction 25 of the M25.

Planning Permission

The existing property currently comprises of ten residential units (use class C3) measuring approximately 5,353sqft. Three of the residential units have consent by way of Lawful Development under the planning application numbers 2015/0097, 2015/0095, 2015/0096 that are registered with Hackney Council. The further seven residential units have consent by way of established use, council tax has been paid since 1995 as per Valuation Office Agency records. The commercial aspect of the building that measures approximately 3,759 sqft comprises three retail units (use class A1) and a storage unit (use class B8). Please refer to our Further Information pack for copies of the exisiting certificates.

The site offers a significant redevelopment opportunity by way of a refurbishment, conversion or new build scheme subject to gaining the necessary consents.

VAT

The property has been elected for VAT.

Access

Please contact sole agents Highfield Investments to arrange access.

Tenure

This property will be sold freehold with vacant possession.

Further information pack

Copies of the existing drawings, the lease agreement and previous planning documents can be provided in the form of a Further Information Pack.

Terms

Offers in excess of £3,500,000 on an unconditional basis.