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Residential-led development opportunity in Highams Park

London, United Kingdom

73%

£7.500.000

Residential investment

#34255

Value-Add

27 Oct 2024

Property Details

Broker

For sale

47,107 sq.ft.

4,376 m²

NSA

68

159.21 £/sq.ft.

1,713 £/m²

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

An outstanding development opportunity in an area experiencing major regeneration. The site occupies a prominent position on the southern end of Larkshall Road at the junction with Winchester Road and Hale End Road. Enviable location adjacent to Highams Park train station (Zone-4) providing London Overground trains in less than 1-minute. The existing site extends 0.68 acres (0.28ha) and currently accommodates four self-contained office buildings arranged over ground and first floors (19,785sqft GIA) with a large rear car park (c.43-spaces). Planning permission was granted at appeal for the demolition of the existing buildings and construction of a 7-storey building comprising 68- apartments (all private), alongside 5,231sqft (GIA) of flexible commercial space. The mix is: 38 x 1-beds; 19 x 2-beds; 10 x 3-beds.