11-13 Upton Lane, Forest Gate, London E7 9PA

Mixed-Use Development Opportunity For Sale

Indicative Visualisation

PLANNING

PERMISSIO

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NOW A

PPROVED

HOME SUMMARY

SUMMARY

11-13 Upton Lane, Forest Gate, London E7 9PA

• Ground floor retail units with residential upper parts and land to the rear

• Planning permission for 12 residential units (1 x studio, 2 x 1 bed and 6 x 2 bed flats and 3 x 3 bed houses) and flexible (A1, A2, B1 & D2) commercial floorspace

• Sought after location within East London, in close proximity to Forest Gate Crossrail station

• Offers invited in excess of £2,250,000 for the vacant freehold interest

DESCRIPTION & LOCATION DEVELOPMENT TERMS

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DESCRIPTION

LOCATION

The existing property comprises a 3-storey building which consists of two vacant retail units extending to approximately 1,679ft2 at ground floor level with a 1,474ft2 basement.

To the rear at ground floor level are 2 x self-contained studio flats accessed via Vale Road and there are 2 x 4-bedroom maisonette across the first and second floors above the retail units. The existing residential space extends to approximately 3,648ft2.

The property also benefits from a rear yard area which also serves as parking.

The total site area is 0.1 acres.

The property is on the corner of Upton lane and Vale Road in Forest Gate, within the London Borough of Newham.

The immediate surroundings comprise a mix of both residential and commercial uses, with a number of shops and amenities available on Upton Lane. Vale Road comprises mostly terraced houses in Period style.

The nearest station is Forest Gate (0.4 miles) which provides regular services into Central London (London Liverpool Street in circa 20 minutes via Overground). Forest Gate Station operates Crossrail / Elizabeth Line services.

DESCRIPTION & LOCATIONHOME SUMMARY DEVELOPMENT TERMS

www.kingsbury-consultants.co.uk 11-13 Upton Lane, Forest Gate, London E7 9PA

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

PLANNING & DEVELOPMENT POTENTIAL

Planning permission was granted in November 2017, under reference 17/02609/FUL, for the demolition of the existing property and the construction of a new 5-storey building to provide a commercial unit (A1, A2, B1 & D2 use classes) extending to approximately 2,303ft2 and 12 residential units (1 x studio, 2 x 1 bed, 6 x 2 bed and 3 x 3 bed) extending to approximately 10,301ft2.

All units are for private sale with no requirement for affordable housing.

The planning consent is subject to a Section 106 contribution of £4,340 and a CIL liability of circa £57,066.

Unit Floor Description GIA ft2 GIA m2

Commercial

1Basement Commercial Unit 936 87

Ground Commercial Unit 1,367 127

Commercial Sub-Total 2,303 214

Residential

1 Ground, First & Second 3 Bedroom 6 Person Townhouse 1,356 126

2 Ground, First & Second 3 Bedroom 6 Person Townhouse 1,356 126

3 Ground, First & Second 3 Bedroom 6 Person Townhouse 1,356 126

4 First 2 Bedroom 4 Person Apartment 764 71

5 First 2 Bedroom 4 Person Apartment 797 74

6 Second 2 Bedroom 4 Person Apartment 764 71

7 Second 2 Bedroom 4 Person Apartment 797 74

8 Third 2 Bedroom 4 Person Apartment 797 74

9 Third 1 Bedroom 2 Person Apartment 549 51

10 Third 2 Bedroom 4 Person Apartment 797 74

11 Fourth Studio Apartment 431 40

12 Fourth 1 Bedroom 2 Person Apartment 538 50

Residential Sub-Total 10,301 957

Grand Total 12,605 1,171

www.kingsbury-consultants.co.uk 11-13 Upton Lane, Forest Gate, London E7 9PA

APPROVED ACCOMMODATION SCHEDULE

Indicative Visualisation of the Townhouses

TENURE

The property will be sold freehold with vacant possession upon completion.

VAT

The property is not elected for VAT.

TERMS

Offers are invited in excess of £2,250,000.

ADDITIONAL INFORMATION

Further information including approved planning documents are available within our dataroom using the access code ‘Upton’.

CONTACT

To discuss any aspect of this property or the disposal process, please contact the sole selling agents:

Jordan Oldfield

020 7183 2529

jordan.oldfield@kingsbury-consultants.co.uk

Joe Goldsmith

020 7183 2529

joe.goldsmith@kingsbury-consultants.co.uk

Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.

TERMSHOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT

www.kingsbury-consultants.co.uk

Kingsbury

1st Floor, 81 Alie Street, London E1 8NH

11-13 Upton Lane, Forest Gate, London E7 9PA