Offers over
£2,250,000
(£187.72/sq. ft)
Retail premises for sale6-9, Rosina Street, Homerton E9
11,986 sq. ft
Freehold
About this property
Planning Consented
Oieo £2,250.000
Freehold For Sale
Development Opportunity
9 Residential Units
4 Commercial Units
Description
A freehold site with planning permission to demolish an existing two-storey warehouse measuring approx. 5,200 sq. Ft., and erect a new building over 6 storeys, comprising 9 residential apartments totalling 8,500 sq. Ft. (790 sq. Ms) and 4 commercial spaces totalling 3,486 sq. Ft. (324 sq. Ms).
When development commences, the purchaser will be expected to pay approx. £114,000 in Section 106 and affordable housing costs and approx. £104,000 in cil.
Location
The site is located in the increasingly popular East London neighbourhood of Homerton, just a short walk from Homerton Station and the fashionable Chatsworth Road which has a mix of cafes, bars and boutiques and a popular Sunday market. Victoria Park and the Hackney Marshes are both within a 10 minute walk and an increasing number of gastropubs and upmarket chains have seen the area attract a young and affluent demographic of residential buyers. Historically, the immediately surrounding area was fairly industrial, but in recent years a number of commercial buildings and vacant sites have been redeveloped into mixed use schemes comprising commercial space at ground level and flats above.
Terms
The freehold is available subject to a guide price of £2,250,000 (VAT not applicable). All other terms and conditions by negotiation.
A freehold site with planning permission to demolish an existing two-storey warehouse measuring approx. 5,200 sq. Ft., and erect a new building over 6 storeys, comprising 9 residential apartments totalling 8,500 sq. Ft. (790 sq. Ms) and 4 commercial spaces totalling 3,486 sq. Ft. (324 sq. Ms).
When development commences, the purchaser will be expected to pay approx. £114,000 in Section 106 and affordable housing costs and approx. £104,000 in cil.
Location
The site is located in the increasingly popular East London neighbourhood of Homerton, just a short walk from Homerton Station and the fashionable Chatsworth Road which has a mix of cafes, bars and boutiques and a popular Sunday market. Victoria Park and the Hackney Marshes are both within a 10 minute walk and an increasing number of gastropubs and upmarket chains have seen the area attract a young and affluent demographic of residential buyers. Historically, the immediately surrounding area was fairly industrial, but in recent years a number of commercial buildings and vacant sites have been redeveloped into mixed use schemes comprising commercial space at ground level and flats above.
Terms
The freehold is available subject to a guide price of £2,250,000 (VAT not applicable). All other terms and conditions by negotiation.
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