Offers in region of
£5,000,000
(£250.41/sq. ft)
Industrial for saleFreehold - Highams Park Station, 480-506 Larkshall Road, Highams Park, London E4
19,967 sq. ft
Freehold
About this property
Four self-contained office buildings (Class-e)
19,967sqft (gia), with a large rear car park (c.43 spaces)
Producing £372,257pax (£18.64psf) from short lease agreements
Erv of £420,000 (£21psf), with potential to extend vertically
Suitable for retail occupiers, including gyms, churches and nurseries
Total site area measures 0.68 acres (0.28 ha)
New Build Scheme: For 68 x apartments (100% private) & 3 x commercial units
Suitable for permitted development | Historic consent permitted conversion to 42 x residential units | Potential for co-living scheme of up to 206-units (STPP)
Guide price – £5,000,000 (low capital value of £250psf on gia & 7.4% gross yield on the existing income)
Description
Existing Buildings:
- Four self-contained office buildings (Class-e)
- 19,967sqft (gia), with a large rear car park (c.43 spaces)
- Producing £372,257pax (£18.64psf) from short lease agreements
- erv of £420,000 (£21psf), with potential to extend vertically
- Suitable for retail occupiers, including gyms, churches and nurseries
- Total site area measures 0.68 acres (0.28 ha)
Alternative Uses:
- We understand the site is not subject to an Article 4 Direction
- Therefore may be suitable for permitted development
- Historic consent permitted conversion to 42 x residential units
- Potential for co-living scheme of up to 206-units (STPP)
New Build Scheme:
- For 68 x apartments (100% private) & 3 x commercial units
- Planning consent granted at appeal (Waltham Forest)
- S96A nma approved for second staircase within Block B
- 52,339sqft of nsa
- Appeal reference: App/U5930/W/22/3304178
Guide price – £5,000,000 (low capital value of £250psf on gia & 7.4% gross yield on the existing income).
For full details download the property brochure.
Existing Buildings:
- Four self-contained office buildings (Class-e)
- 19,967sqft (gia), with a large rear car park (c.43 spaces)
- Producing £372,257pax (£18.64psf) from short lease agreements
- erv of £420,000 (£21psf), with potential to extend vertically
- Suitable for retail occupiers, including gyms, churches and nurseries
- Total site area measures 0.68 acres (0.28 ha)
Alternative Uses:
- We understand the site is not subject to an Article 4 Direction
- Therefore may be suitable for permitted development
- Historic consent permitted conversion to 42 x residential units
- Potential for co-living scheme of up to 206-units (STPP)
New Build Scheme:
- For 68 x apartments (100% private) & 3 x commercial units
- Planning consent granted at appeal (Waltham Forest)
- S96A nma approved for second staircase within Block B
- 52,339sqft of nsa
- Appeal reference: App/U5930/W/22/3304178
Guide price – £5,000,000 (low capital value of £250psf on gia & 7.4% gross yield on the existing income).
For full details download the property brochure.
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