Commercial property for sale in London, England

A consented development with permission granted to provide 4 x apartments (1 x 1 bed, 2 x 2 bed & 1 x 3 bed) located on Green Lanes, Stoke Newington just 0.1 miles away from Newington Green. The development provides a total of 3,002 square feet (279 square metres) NIA of accommodation and is to be sold in the 28th May 2025 Savills auction. Location - The property is located within a three-story block facing Green Lanes, Stoke Newington. Stoke Newington is a vibrant and popular part of London ideal for professionals, couples, or families seeking a dynamic yet community-focused London lifestyle. The area is well served by public transport with Canonbury station, Dalston Kingsland station, and Dalston Junction station all within walking distance of the property. Please note all times and distances given are approximate only. Description - The property is arranged over three floors. The ground floor currently consists of a 1-bedroom apartment, self-contained commercial unit, and a rear yard. The uppers two floors provide 2 x apartments that are sold off on long leases. Development - The property benefits from 3 planning consents granted by the London Borough of Hackney which are summarised as follows. 2023/1052 & 2024/1628 (Ground Floor) Prior Approval (Class MA) for change of use from office (Class E) to residential. The ground floor has then been granted full planning permission to reconfigure and extend the ground floor to create 2 x 2-bedroom apartments. Both apartments benefit from private garden area. 2024/1717 (Airspace) Prior approval for the erection of two additional storeys to create 2 x apartments. The apartments are arranged as 1 x 1 bedroom and 1 x 3 bedroom. We are informed that there are 2 x S106 agreements with a combined cost of £1,110 which are Monitoring Costs. The CIL payment expected to be approximately £58,000. See brochure for accommodation schedule. Tenure - The freehold interest is to be sold subject to the leases that are in place over the first and second floor. Vat - We understand that the property has not been elected for VAT. Viewings - Viewings are strictly by appointment through joint auctioneers Harston&Co and Savills. Terms - The property is guided at £850,000. The property will be sold in 28th May 2025 Savills auction. Offers will be considered prior to the auction.

Commercial property for sale in London, England

Residential development for sale

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