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139 Francis Road, Leyton, London E10 6NT Residential Development Opportunity For Sale www.kingsbury-consultants.co.uk 139 Francis Road, Leyton, London E10 6NT
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
SUMMARY
• Vacant and cleared development site extending to circa 0.2 acres • Planning permission for the construction of 5 x 3 bedroom houses and 1 x 1 bedroom duplex apartment totalling 5,963ft2 NSA, all for private sale • Located on a popular residential street approximately 0.6 miles from Leyton Underground Station (Central Line services to Liverpool Street in 13 minutes) • Offers invited in excess of £1,500,000 for the freehold interest www.kingsbury-consultants.co.uk 139 Francis Road, Leyton, London E10 6NT
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
DESCRIPTION
The existing property comprises a vacant site which has been cleared in readiness for development.
The site extends to approximately 0.2 acres with vehicular access taken from a gated entrance on Francis Road between two end-of-terrace houses.
The property is bounded by the rear gardens of houses on Albert Road to the north and Newport Road to the south.
LOCATION
The site is located in a residential area within the popular east London district of Leyton. The Local Authority is the London Borough of Waltham Forest.
Most of the area’s shops, restaurants and commercial amenities are focused around High Road Leyton which is located a short walking distance to the north of the site. Both Westfield Stratford City and Queen Elizabeth Olympic Park are located approximately 1 mile to the south of the property.
Leyton Underground Station is located circa 0.6 miles (approximately 12 minutes walk) from the site, offering direct Central Line services. Journey times include:
Stratford – 3 minutes / Liverpool Street – 13 minutes / Oxford Circus – 23 minutes www.kingsbury-consultants.co.uk 139 Francis Road, Leyton, London E10 6NT
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
PLANNING & DEVELOPMENT POTENTIAL
Planning permission was granted 11th April 2017, under reference 162547, for the construction of 6 residential units comprising 5 x 3 bedroom houses and 1 x 1 bedroom duplex apartment.
The 1 bedroom apartment is proposed across 1st and 2nd floors and located at the front of the site above an undercroft entrance, with the 5 houses located within a 2-storey terrace behind. 3 off-street parking spaces are to be provided near the site entrance.
All units are for private sale with no requirement for affordable housing. The planning consent is subject to a Unilateral Undertaking obligating for the development to be car-free. A CIL liability of approximately £27,364.59 is applicable.
There is a Thames Water drain running through the site and a build-over agreement will need to be put in place prior to development. Further information is available upon request. Proposed Front Elevation
APPROVED ACCOMMODATION SCHEDULE
Unit Floor Description GIA ft2 GIA m2
1 First & Second 1 Bedroom 2 Person Apartment 581 54
2 Ground & First 3 Bedroom 5 Person House 1,087 101
3 Ground & First 3 Bedroom 5 Person House 1,087 101
4 Ground & First 3 Bedroom 5 Person House 1,087 101
5 Ground & First 3 Bedroom 5 Person House 1,087 101 Proposed Side Elevation 6 Ground & First 3 Bedroom 5 Person House 1,033 96 Total 5,963 554 www.kingsbury-consultants.co.uk 139 Francis Road, Leyton, London E10 6NT
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
TENURE
The property will be sold freehold and subject to vacant possession.
VAT
The property is elected for VAT.
TERMS
Offers are invited in excess of £1,500,000.
ADDITIONAL INFORMATION
Further information including planning documents are available within our dataroom using the access code ‘Francis’.
CONTACT To discuss any aspect of this property or the disposal process, please contact the sole selling agents:
Keir Goldstein 020 7183 2529 [email protected]
Paul Heale 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 England No: 06869268.