Redevelopment Opportunity | For Sale, 3 Gallions Close, Barking, IG11 0JD

Description

The site has historically been used as a dairy distribution depot, and more recently for meanwhile uses such as open storage.

The surrounding sites are low rise warehouse units with a variety of industrial uses.

Beyond the industrial plot, to the north, is the Thames View Estate and beyond the industrial plot to the south is further residential development.

Thames Road is the primary access route and is served by the EL3 Transport for London bus route.

Gallions Close itself is a no through road with a turning head at the southern end.

This adopted highway serves as access to the wider Close.

Location

The site is bounded to the north by Thames Road, to the east by Gallions Close, to the south by a warehouse used by Lituanica Wholesale and to the west by a multi-tenanted warehouse plot known as Cromwell Centre.

3 Gallions Close, is part of the River Road and Thames Road Industrial Estate located south of Barking Central within the London Borough of Barking and Dagenham.

Planning

A full planning application for demolition of existing buildings and structures, and the erection of buildings ranging from 2 storeys to 15 storeys to accommodate 233 residential units and 271 sqm non-residential floor space (Use Class E) obtained resolution to grant at planning committee.

The proposals include the delivery of landscaping and public realm, play space, access, car parking and other associated and ancillary works.

Key Features

- Asset repositioning opportunity, with potential for an enhanced commercial use or residential redevelopment
- Resolution to grant planning permission for a residential development of 233 residential units (21/01180/FULL)
- Part of the draft London Borough Barking & Dagenham Thames Road masterplan area for residential-led redevelopment and co-location
- Existing plot of 1.73 acres (0.7 ha) with existing buildings totalling c.16,792 sq ft
- Freehold for Sale

Tenure

The land is held Freehold under title(s) LN253286 and NGL124876.

The site is occupied under licence with a short rolling break notice.

The Purchaser has the option to acquire the property with the licence in place or with Vacant Possession.

Legal Costs

Each party to bear their own legal costs.

VAT

The property is elected for VAT.