15A Woodgrange Road, Forest Gate, E7 8BA Residential Development Opportunity For Sale www.kingsbury-consultants.co.uk 15A Woodgrange Road, Forest Gate, London E7 8BA

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

SUMMARY

• Vacant warehouse building (storage use) occupying a site of circa 0.24 acres • Planning permission for the construction of 9 x 3-storey houses (4 x 3 bedroom and 5 x 4 bedroom units) totalling 10,721ft2 GIA • Potential for further development S.T.P.P. with indicative drawings produced showing a 4-storey scheme comprising 28 apartments • Located circa 300m from Forest Gate Station and in close proximity to Flats and numerous commercial amenities

• Offers in the region of £2,500,000 for the freehold interest www.kingsbury-consultants.co.uk 15A Woodgrange Road, Forest Gate, London E7 8BA

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

DESCRIPTION

The property comprises a warehouse building of 1930’s construction extending to approximately 10,850ft2 GIA over ground and mezzanine floors.

The building occupies a broadly rectangular site of circa 0.24 acres, which is accessed via a right of way directly from Woodgrange Road.

The property currently has B8 (Storage & Distribution) Use Class and is located within Forest Gate Town Centre Conservation Area. The site is bounded by shops with upper parts to the south (fronting Road) and east (fronting Woodgrange Road), with a warehouse building on the western boundary and a HighSpeed1 ventilation / emergency access shaft on the northern side.

Circa 50m to the north of the site is 140-150 Earlham Grove, which is subject to a planning application for the construction of 78 apartments within buildings of up to 6-storeys. LOCATION

The property is located on the western side of Woodgrange Road in Forest Gate, within the .

The immediate area comprising a mix of residential and commercial uses, with the numerous shops, restaurants and commercial amenities of Forest Gate town centre (focused around Romford Road, Woodgrange Road and Upton Lane) all within close proximity. The property is located approximately 0.5 miles from , a large public park of approximately 334 acres which is bounded by the districts of Wanstead, , Manor Park and Forest Gate.

Forest Gate Station is located approximately 300m from the property, offering Crossrail / Elizabeth Line services to Liverpool Street from 2017 (the route fully opens in 2019). Journey times include: Liverpool Street – 12 mins, – 12 mins, Bond Street – 19 mins. www.kingsbury-consultants.co.uk 15A Woodgrange Road, Forest Gate, London E7 8BA

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

APPROVED SCHEMES APPROVED ACCOMMODATION SCHEDULE

Unit Floor Description GIA ft2 GIA m2 Planning permission was granted on 23rd December 2016, under reference 16/02057/FUL, 1 Ground, First & Second Three Bedroom Five Person House 1,136 105.5 for the demolition of the existing building and the construction of 9 x 3-storey houses (4 x 3 bedroom and 5 x 4 bedroom units) each with private amenity space. 2 Ground, First & Second Three Bedroom Five Person House 1,136 105.5 3 Ground, First & Second Three Bedroom Five Person House 1,098 102.0 The planning approval is not subject to any Section 106 obligations or CIL liabilities. The 4 Ground, First & Second Four Bedroom Six Person House 1,251 116,2 online planning application can be viewed here. 5 Ground, First & Second Four Bedroom Six Person House 1,251 116,2

The site also benefits from planning permission for redevelopment to provide 8 houses 6 Ground, First & Second Four Bedroom Six Person House 1,251 116,2 (granted on 30th September 2013 under reference 13/01067/FUL). All pre-commencement 7 Ground, First & Second Four Bedroom Six Person House 1,251 116,2 planning conditions relating to this approval have been discharged, including those relating to HighSpeed1. The online planning application can be viewed here. 8 Ground, First & Second Four Bedroom Six Person House 1,251 116,2 9 Ground, First & Second Three Bedroom Five Person House 1,098 102.0

Total 10,721 996.0

Indicative Visualisation DEVELOPMENT POTENTIAL

The property offers potential a scheme of residential apartments within a building of increased height and massing, subject to obtaining the necessary consents.

Indicative drawings have been prepared proposing a 4-storey building comprising 28 self- contained apartments (12 x 1 bedroom, 8 x 2 bedroom and 8 x 3 bedroom units) totalling 20,516ft2 GIA. These are available to view within the dataroom. www.kingsbury-consultants.co.uk 15A Woodgrange Road, Forest Gate, London E7 8BA

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

TENURE

The property will be sold freehold and subject to vacant possession on completion.

VAT

The property is not elected for VAT.

TERMS

Offers in the region of £2,500,000.

ADDITIONAL INFORMATION

Further information including approved planning documents, indicative drawings and the legal pack can be viewed in the dataroom using access code ‘Woodgrange’.

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

Tom Brain 020 7183 2529 [email protected]

Keir Goldstein 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 Access From Woodgrange Road Investment & Development Consultants Ltd registered in No: 06869268.