FOR SALE CONSENTED DEVELOPMENT OPPORTUNITY
91 BARRETT’S GROVE Stoke Newington, London, N16 8AJ
CGI of consented scheme
Key Highlights • Development opportunity in Stoke • The site benefits from planning permission Newington, East London, within the London for the redevelopment of the site to provide Borough of Hackney. a 4 to 6 storey scheme over three blocks, comprising of 23 residential units extending • The site extends to 0.09 hectares (0.23 to 1,627 sq m (17,516 sq ft) NSA, and a acres) and comprises a former vehicle MOT ground floor B1 unit extending to 133 sq m garage and car park. (1,432 sq ft) GIA. • Located approximately 0.5 km (0.3 miles) • Total combined scheme area of approximately from Dalston Kingsland station and 0.8 km 2,120 sq m (22,818 sq ft) GIA. (0.5 miles) from Dalston Junction station. • For sale freehold with vacant possession.
SAVILLS LONDON MONTAGU EVANS 33 Margaret Street 5 Bolton St London W1G 0JD Mayfair, London W1J 8BA +44 (0) 20 7409 9993 +44 (0) 20 7312 7487 savills.co.uk Site The site currently comprises a former vehicle MOT garage and car park on Barrett’s Grove. The garage is arranged over ground and mezzanine levels. The site extends to 0.26 acres (0.1 hectares). The main access to the site is via Barrett’s Grove to the north, and there is an additional access to the south west via Pellerin Road. The site is bounded to the north by Barrett’s Grove, to the east by 93 Barrett’s Grove, a DALSTON mixed use development of 7 storeys fronting KINGSLAND onto Stoke Newington Road, to the south and west by residential properties.
Location The site is located within the London DALSTON Borough of Hackney. The site is situated JUNCTION on the southern side of Barrett’s Grove in Dalston, a residential suburb of East London. Hackney is bound by Stratford to the east, Camden to the west, the City of London to the south and Walthamstow to the north. The surrounding area is predominantly residential in character with commercial properties located on Stoke Newington Road, immediately to the east of the site, Ordnance Survey © Crown Copyright 2020. All Rights Reserved. Licence number 100022432 offering a wide range of amenities. Plotted Scale - 1:12500. Paper Size - A4 Dalston Kingsland Overground station is located 0.5 km (0.3 miles) south and provides access to Hackney Central to the east and Highbury & Islington, to interchange to the Victoria Line, to the west. Dalston Junction Overground station is located 0.8 km (0.5 miles) south and provides access to Shoreditch High Street to the south as well as Highbury and Islington. Both London Overground stations are situated in Zone 2. Dalston is well connected to the surrounding areas and Central London via numerous buses including the 149 to London Bridge via Liverpool Street and the 76 and 243 to Waterloo via Moorgate Station.
SAVILLS LONDON MONTAGU EVANS Ordnance Survey © Crown Copyright 2020. All Rights Reserved. Licence number 100022432 33 Margaret Street 5 Bolton St Plotted Scale - 1:1000. Paper Size - A4 London W1G 0JD Mayfair, London W1J 8BA +44 (0) 20 7409 9993 +44 (0) 20 7312 7487 savills.co.uk CGI of consented scheme
Planning The property falls within the jurisdiction of the London A schedule of accommodation setting out the proposed Borough of Hackney. It is not within a Conservation area, areas is provided below: nor is statutorily or locally listed. UNIT TYPE NO. OF UNITS The site benefits from planning permission (Ref: 2019/2872); Demolition of garage and redevelopment of Private 19 the site for a mixed use scheme comprising 135sqm of Affordable 4 B1 space and 23 residential units in three blocks ranging TOTAL 23 between six storeys and four storeys in height with associated landscaping
FLOOR TOTAL TOTAL NET RESIDENTIAL NET RESIDENTIAL NET NET GIA SQ M GIA SQ FT SQ M SQ FT COMMERCIAL COMMERCIAL SQ M SQ FT PRIVATE AFFORDABLE PRIVATE AFFORDABLE Ground 494.1 5,318 142.1 100 1,530 1,076 133 1,432 First 454.7 4,894 306.6 89 3,300 958 Second 458.7 4,937 305.5 82.6 3,288 889 Third 414.9 4,466 265 103.5 2,852 1,114 Fourth 157 1,690 125 1,345 - Fifth 140.5 1,512 108 1,163 - TOTAL 2,120 22,818 1,252 375 13,479 4,038 133 1,432
Section 106 CIL The planning is subject to a Section 106 Agreement. This The planning is subject to a combined Mayoral and Local requires the provision of four London Affordable Rent CIL liability of £344,134. units, located in the standalone rear block. There is a contribution of circa £75,000 to include a Carbon Offset Payment and Section 278 works.
SAVILLS LONDON MONTAGU EVANS 33 Margaret Street 5 Bolton St London W1G 0JD Mayfair, London W1J 8BA +44 (0) 20 7409 9993 +44 (0) 20 7312 7487 savills.co.uk GROUND FLOOR - COMMERCIAL & RESIDENTIAL
Studio
1B unit
2B unit
3B unit
Workspace
Circulation and Ancilliary
SAVILLS LONDON MONTAGU EVANS 33 Margaret Street 5 Bolton St London W1G 0JD Mayfair, London W1J 8BA +44 (0) 20 7409 9993 +44 (0) 20 7312 7487 savills.co.uk FIRST FLOOR - ALL RESIDENTIAL (AS PER FLOORS ABOVE)
Studio
1B unit
2B unit
3B unit
Workspace
Circulation and Ancilliary
SAVILLS LONDON MONTAGU EVANS 33 Margaret Street 5 Bolton St London W1G 0JD Mayfair, London W1J 8BA +44 (0) 20 7409 9993 +44 (0) 20 7312 7487 savills.co.uk Method of Sale Viewings The property is for sale freehold with vacant possession Viewings are strictly by appointment. Please contact by way of informal tender (unless sold prior). either joint selling agents to make an appointment.
VAT The property is not elected for VAT.
Further Information A dedicated project data room has been set up and interested parties are able to register for login details at: www.savills.com/barrettsgrove
Contact Savills Montagu Evans Alex Soskin Sapphy Bond Anthony Shaw Sophie Wellesly-Wood +44 (0) 20 7409 9993 +44 (0) 20 7409 8802 +44 (0) 20 7312 7487 +44 (0) 20 7312 7534 +44 (0) 7967 555 705 +44 (0) 7870 999 301 +44 (0) 7818 012 464 +44 (0) 7392 139 433 [email protected] [email protected] [email protected] [email protected]
IMPORTANT NOTICE Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, published for the purposes of identification only and although believed to be correct accuracy is not guaranteed. Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | March 2020