Commercial property for sale in London, England

Description: The site has been measured by digital mapping and extends to an area of approximately 410 m² / 0.1 acres. The unit comprises a single storey industrial unit currently in operation as a repair and MOT garage. The property is of solid loadbearing brick construction with two manual roller shutter doors situated at the front of the unit, leading to an open plan industrial accommodation providing a minimum height to the bottom of the truss of 3.95m, rising to an apex of 7.06m. Towards the left hand side comprises office and staff welfare accommodation as well as WCs. There is an additional electric roller shutter door situated on the eastern flank wall towards the rear of the unit, which leads onto a small courtyard.  Area: 2,822 sq. ft. (262 m2) - ( Areas are approximate and have been measured on a gross internal basis)  DEVELOPMENT Planning consent was granted under application reference 21/01806/FUL dated 3rd April 2022 for demolition of the existing vehicle repair workshop and redevelopment of the site to create 3 No terraced houses. The proposed scheme is as follows: House A 1,243 sq ft (3 bedroom 3 bathroom arranged over, ground, first and second floors) House B 1,205 sq ft (3 bedroom 3 bathroom arranged over, ground, first and second floors) House C 1,205 sq ft (3 bedroom 3 bathroom arranged over ground, first and second floors) The property is located on the eastern side of Cumberland Road close to its junction with Barking Road where local shopping facilities are available. Barking Road is also a busy bus route providing access throughout the local area. Cumberland Road is residential in nature being a mix of flats and housing. A revised scheme has also been discussed with the Local Planning Authority for enhanced development on site whereby the site is developed into 3 no. basement/lower ground floor, self-contained 1 bedroom flats with 3 no. 3 bed houses over. No application has yet been submitted for this enhanced scheme although the price sought reflects the planning potential of the site.  Terms: The property is available for sale with vacant possession. Offers over £745,000  Business Rates: From enquiries made of the VOA, we are advised that the property has a current rateable value of £14,500. Interested parties are advised to make their own enquiries of the London Borough of Newham.

Commercial property for sale in London, England

Residential development for sale

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