Development Site with planning granted to build 35 new private flats and a commercial unit.
Location
The property is situated along High Road, Seven Kings towards the western approach to the Seven Kings Crossrail Station, this stretch of road is part of the Crossrail Corridor Action Area and is adjacent to similar residential developments.
The site sits within close proximity of many independent retailers, restaurants and takeaways plus the TFL Rail and Queen Elizabeth lines running to central London via Stratford. The local bus network and cycle lanes lead to Ilford Town Centre, the site also benefits from good vehicular access.
Accommodation
Commercial:
E Class use
Residential Units:
6 x 1 Bed Flats
17 x 2 Bed Flats
12 x 3 Bed Flats
See attached brochure for more information.
Terms
Planning - The planning was granted Ref: 3305/19 (following S106 sign off) on the 4th April 2023 to demolish existing structure and erect a part 7, part 11 storey building to include 35 residential units and a commercial unit.
Method of Sale by Private Treaty - Offers are sought in excess of £2,600,000 + VAT
VAT - The property is elected for VAT
Legal Costs - Each Party to Pay their own legal costs. However, the Purchaser’s solicitor is to provide a reasonable undertaking towards the Vendor’s legal fees to act as security should they withdraw from the transaction.
Anti-Money Laundering - Due to recent changes in the Anti Money Laundering regulation, it is now standard procedure to undertake a Personal and Company and general AML checks.
Specification
- Planning to build 35 Private Flats
- Zero Affordable (4 flats to LLR)
- Very Close to Seven Kings Crossrail Station
- 6 x 1 Bed Flats
- 17 x 2 Bed Flats
- 12 x 3 Bed Flats
- Commercial Unit – 87 m2 / 936 sq. ft
- 11 Storey Development