FREEHOLD SITE FOR SALE Total Site Area: 3,305 ft² (307 m²)
35 LONDON LANE, LONDON, E8 3PR
LONDON LANE Dalston
Hackney Wick London Fields
Victoria Park
Shoreditch
Bow
Bethnal Green
City Fringe
Canning Town
Source: Google Maps 2015 35 London Lane, London E8 3PR
LOCATION
The site is situated in an area of London Fields in the London Borough of Hackney. The site is on the western of London Lane and on the corner of London Lane and Mentmore Terrace.
Almost opposite to the property is London Fields Station (London Overground Line) is well served by transport links with the station nearby providing national rail links to Liverpool Street (7 minute journey, trains every 15 minutes) and Hackney Central providing connections to the rail network (links to Stratford International and Euston station). There are also several bus routes (38, 48 & 55) into The City and West End opposite the property.
North Circular Road (A406) and M25/M11 Motorways are accessed through Well Street (A106) to the east via the new A12. Central London, more particularly the City, is approximately two miles to the south, access to which is via Hackney Road (A1208). 35 London Lane, London E8 3PR
LONDON FIELDS
London Fields has established itself as a hub for independent creative businesses with many co-working spaces such as Netil House, Space Studios, The Laundry, Hackney Downs Studios, Oval Space and others/
London Fields supports a range of local retail and fashion outlets both in nearby Broadway Market and other surrounding streets, including Aquascutum, Anya Hindmarch, Pringle and Burberry Hackneys Fashion Hub off Morning Lane. Broadway Market has become a particularly popular tourist destination, especially the famous Saturday market which is a mix of culinary produce, locally crafted beers and roasted coffee, vintage clothing, designer wares and many more creative outlets.
There is also the new Westgate scheme at the junction of Westgate Street and Bocking Street which will have seven new build business units, all of which will be let to fashion based companies or architects. Hackney Central is about 10 minute walk to the north with local venues including, the Hackney Picturehouse and Hackney Empire.
Hakcney is set for significant investment in the near future including the development of the Hackney Fashion Hub with multi-storey retail outlets, a new restaurant and sky bar. 35 London Lane, London E8 3PR
DESCRIPTION A corner L-shaped site bounded by London Lane and Mentmore Terrace.
At present the site comprises of a three storey derelict traditional warehouse style building set up artists’ studios/workshops currently occupied various artists on licences. Further details of the tenancies are available upon request. The site can be readily available for sale with vacant possession for a variety of use or development, subject to planning.
The site area totals approximately 3,305 ft² (307 m²). Please note that the above areas is an approximation only and is subject to verification on site. Source: Google Maps 2015 TENURE Freehold and can be available with full vacant possession.
BUSINESS RATES & PLANNING The site is located within the London Borough of Hackney and will therefore be subject to their and planning policies.
The vendor has been in discussions with the local authority who have suggested a residential scheme with ground floor commercial may be possible. We understand that pre-application meetings have been taking place.
Interested parties are advised to make their own enquiries with the Local Authority.
35 London Lane, London E8 3PR
PRICE Offers in the region of £3.25 million. Offers are invited on either a conditional and unconditional basis. Best and final offer to be made by email before 12pm on Friday 6th May 2016.
LEGAL COSTS Each party to bear their own legal costs in this transaction.
VIEWINGS Viewings strictly by appointment with Strettons. All inspections are to be carried out at the interested parties own risk and neither Strettons nor our clients take responsibility for any injury or accident caused at the property.
CONTACT STRETTONS 189-203 Hoe Street Walthamstow LONDON E17 3SZ Tel: 020 8520 9911 www.strettons.co.uk
Aasia Pathan Neal Matthews 020 8509 4428 020 8509 4401 [email protected] [email protected]
MISDESCRIPTIONS These particulars do not constitute an offer or contract. We have not tested any of the services referred to in these particulars. The accuracy of any description, dimensions, reference to condition, necessary permissions for use and other details contained herein is not guaranteed and is for general guidance only. Applicants should satisfy themselves as to the correctness of the details including as to whether VAT is payable on rents, prices or premiums.