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63 New Wanstead, Wanstead, E11 2SA Residential Development Opportunity For Sale www.kingsbury-consultants.co.uk 63 New Wanstead, Wanstead, London E11 2SA

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

SUMMARY

• Former Public House set over 2-storeys (plus basement) and adjacent car park occupying a site of 0.24 acres

• Benefitting from two separate planning consents to provide either a 10 unit (2 x houses & 8 x apartments) or 12 unit (12 x apartments) scheme via conversion of the existing pub with a new-build block on the car park

• Potential for a varierty of other uses such as restaurant, nursery or office (S.T.P.P.)

• Located within an affluent East London suburb, in close proximity to Station (Central Line) and a short walk from the High Street

• Offers invited in excess of £2,500,000 freehold www.kingsbury-consultants.co.uk 63 New Wanstead, Wanstead, London E11 2SA

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

DESCRIPTION

The property comprises a former Public House extending to approximately 2,368ft2 arranged over basement, ground and 1st floors.

The building occupies a broadly ‘L’ shaped site of circa 0.24 acres which includes a large car park and beer garden. The property is currently vacant.

Planning permission has been granted for redevelopment of the property to provide fully private residential schemes of either 10 or 12 units.

LOCATION

The property occupies a prominent position on New Wanstead, a predominantly residential street which connects the Green Man interchange with Wanstead High Street. The Local Authority is the London Borough of Redbridge.

Nearby Wanstead High Street is a host to a variety of chain and boutique shops, restaurants and amenities.

Snaresbrook Underground station (Central Line) is located approximately 500m from the site, providing trains to Liverpool Street in circa 17 minutes. Road access into is excellent with the A12 being within 600m of the site. www.kingsbury-consultants.co.uk 63 New Wanstead, Wanstead, London E11 2SA

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

DEVELOPMENT POTENTIAL PROPOSED ACCOMMODATION SCHEDULE

Unit Floor Description GIA ft2 GIA m2 The property benefits from two separate planning permissions: 12 Unit Scheme 1 Basement & Ground 3 Bedroom Duplex Apartment (Conversion) 1,172 109 12 Unit Scheme 2 Basement & Ground 3 Bedroom Duplex Apartment (Conversion) 1,172 109 Planning permission was granted on 21st September 2016, under reference 3691/15, for 3 1st & 2nd 2 Bedroom Duplex Apartment (Conversion) 958 89 conversion of the existing Public House along with excavation of the basement to provide 4 1st & 2nd 2 Bedroom Duplex Apartment (Conversion) 958 89 4 x apartments (2 x 3 bed & 2 x 2 bed) and the erection of a new building (on the car park 5 Ground 2 Bedroom Apartment (New Build) 920 86 adjacent) comprising 8 x apartments (6 x 2 bed & 2 x 1 bed). The scheme includes 8 off-street 6 1st 1 Bedroom Apartment (New Build) 546 51 parking spaces. 7 1st 2 Bedroom Apartment (New Build) 775 72 This planning consent is subject to a Section 106 Agreement which provides for a financial 8 1st 2 Bedroom Apartment (New Build) 675 63 contribution of £61,000. We understand that a CIL liability of £97,475.69 is applicable. 9 2nd 1 Bedroom Apartment (New Build) 546 51 10 2nd 2 Bedroom Apartment (New Build) 775 72 The online planning application can be viewed here. 11 2nd 2 Bedroom Apartment (New Build) 675 63 10 Unit Scheme 12 3rd 2 Bedroom Apartment (New Build) 790 73 Total 9,962 926 Planning permission was granted via Appeal on 2nd December 2015, under reference 10 Unit Scheme APP/W5780/W/15/3131963, for conversion of the existing Public House to provide 2 x 4 1 Basement & Ground 4 Bedroom House (Conversion) 1,496 139 bedroom houses and the erection of a new building (on the car park adjacent) comprising 8 x apartments (6 x 2 bed & 2 x 1 bed). The scheme includes 8 off-street parking spaces. 2 Basement & Ground 4 Bedroom House (Conversion) 1,496 139 3 Ground 2 Bedroom Apartment (New Build) 920 86 This planning consent is not subject to any Section 106 obligations. We understand that a CIL 4 1st 1 Bedroom Apartment (New Build) 546 51 liability of £72,334.50 is applicable. 5 1st 2 Bedroom Apartment (New Build) 775 72 The online planning application can be viewed here. 6 1st 2 Bedroom Apartment (New Build) 675 63 7 2nd 1 Bedroom Apartment (New Build) 546 51 The property offers potential for a variety of alternative uses such as a restaurant, 8 2nd 2 Bedroom Apartment (New Build) 775 72 nursery or office, subject to obtaining all necessary consents. 9 2nd 2 Bedroom Apartment (New Build) 675 63 10 3rd 2 Bedroom Apartment (New Build) 790 73 Total 8,694 808 www.kingsbury-consultants.co.uk 63 New Wanstead, Wanstead, London E11 2SA

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

TENURE

The property will be sold freehold with vacant possession on completion.

VAT

We understand that the property is not elected for VAT.

TERMS

Offers are invited in excess of £2,500,000.

ADDITIONAL INFORMATION

Further information including approved planning documents can be downloaded from our dataroom using the password ‘Wanstead’.

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

Keir Goldstein 020 7183 2529 [email protected]

Joe Goldsmith 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.