Bakers Yard, Grove Road, , RM6 4UL Freehold Site with Development Potential For Sale www.kingsbury-consultants.co.uk Bakers Yard, Grove Road, Chadwell Heath, Essex RM6 4UL

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

SUMMARY

• Car repair centre and associated land positioned on a 0.5 acre site

• Potential for comprehensive residential or mixed-use redevelopment, subject to planning permission

• Located in a popular residential area and within walking distance to Chadwell Heath and Goodmayes Stations

• Offers are invited in excess of £2,000,000 for the freehold interest www.kingsbury-consultants.co.uk Bakers Yard, Grove Road, Chadwell Heath, Essex RM6 4UL

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

DESCRIPTION

The property comprises a collection of single storey light industrial buildings, including temporary portacabin offices and workshops, which extend to approximately 6,558ft2 positioned on a 0.5 acre site.

The site incorporates a car park area which provides parking for numerous vehicles, as well as areas of hard-standing surrounding the buildings that allow for further parking. The property can be accessed via Grove Road.

The property is let on a lease at £50,000 per annum which expires in January 2023 by way of a landlord break clause which has been exercised.

LOCATION

The property is located on Grove Road in Chadwell Heath. The Local Authority is The Borough of Redbridge.

The immediate area comprises predominantly residential uses with some local amenities available further along Grove Road.

To the rear of the site is Chadwell Heath and Christie Gardens Park.

Both Chadwell Heath and Goodmayes Stations are located 0.8 miles to the south of the site (circa 15 minute walk), providing TfL rail services into London Liverpool Street in 25 minutes.

www.kingsbury-consultants.co.uk Bakers Yard, Grove Road, Chadwell Heath, Essex RM6 4UL

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

PLANNING & DEVELOPMENT POTENTIAL

The property benefits from B1(c) light industrial use, made up of warehouse and ancillary office space.

The property offers potential for comprehensive redevelopment by way of either a fully residential or mixed-use scheme, subject to obtaining the necessary consents. Indicative Ground Floor A feasibility study has been prepared which shows how the site can be redeveloped with a 4-storey new build scheme comprising up to 34 residential units. There may be potential to increase upon this if the neighbouring Juniper Close access road, which is in private ownership, were to be utilised.

Please contact Redbridge Council on 020 8708 2884 for all planning enquiries.

Indicative First Floor

Indicative Second Floor

Indicative Third Floor www.kingsbury-consultants.co.uk Bakers Yard, Grove Road, Chadwell Heath, Essex RM6 4UL

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

TENURE

The property is being sold freehold.

VAT

The property is not elected for VAT.

TERMS

Offers are invited in excess of £2,000,000 for the freehold interest.

ADDITIONAL INFORMATION

Further information is available within our dataroom using the access code ‘Grove’.

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

Jordan Oldfield 020 7183 2529 [email protected]

Chris Incledon 020 7183 2529 [email protected]

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

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 No: 06869268.