Freehold development site for sale in Leyton

This property is marketed by:
Strettons

Key features

• Freehold development site approximately 2.03 acres
• Vacant possession can be obtained with three months notice
• Mixed-use planning consent in Leyton
• Excellent transport links
• Currently 2 existing buildings of 44,720 sq ft
• Designated as a “Locally Significant Industrial Site”
• Planning granted February 2024 | 213 private residential homes
• Unconditional offers invited for the freehold interest

Description

We are pleased to bring to market these existing industrial buildings benefiting from mixed use planning consent in Leyton. The total Freehold site extends approximately 2.03 acres (0.83 hectares) and the property comprises two industrial units totalling c.44,720 sqft (4,155 sqm) GIA with significant asset management opportunities. Planning permission is granted for the demolition of the existing single storey industrial building and the construction of 213 private residential homes 154,251 sqft (14,340 sqm), light industrial floorspace 24,691 sqft GIA (2,294 sqm) and office workspace 21,051 sqft GIA (1,956 sqm) and 11 disabled parking spaces. These are to be either 20% affordable residential (by habitable room) or 100% private with £1m payment in lieu.

The area boasts excellent transport links, making getting around London and beyond easy. Leyton Underground Station (Central Line) is situated 1.2 miles south, whilst Lea Bridge Station (Greater Anglia) and Leyton Midlands Road Station (London Overground) are located 0.9 miles from the site, respectively. The site is also situated off the A1006 Church Road, about 350 meters south of its junction with A104 Lea Bridge Road. To the north, the A12 leads to the A406 North Circular Road and the southern end of the M11 motorway, whilst to the south via the A102(M) Blackwall Tunnel Northern Approach, Canary Wharf, the City, West End and south London (via the Blackwall Tunnel). There are numerous bus routes along A1006 Church Road which provide access to and from Walthamstow/Chingford and East Ham/Stratford.