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11 Station Road, Upminster RM14 2SJ Residential Development Opportunity For Sale www.kingsbury-consultants.co.uk 11 Station Road, Upminster RM14 2SJ
Home Summary Description & Location Development Terms
Summary
Car repair centre and retail premises extending to 7,319ft2 situated on a 0.34 acre site
Let on short term agreements to a MOT station and Costa Coffee, producing a combined rent of £60,000p.a.
Development proposals for mixed use schemes providing 40 or 41 residential apartments and High Street retail space
Located within walking distance of Upminster Underground station (District Line)
Offers are invited in excess of £2,000,000 www.kingsbury-consultants.co.uk 11 Station Road, Upminster RM14 2SJ
Home Summary Description & Location Development Terms
Description The property comprises a 2-storey commercial unit located to the front of the site occupied by Costa Coffee, a car MOT centre with under croft service area and front and rear parking area.
The existing buildings on site extend to approximately 7,319ft2 (680m2) with the covered under croft service area extending to 1,878ft2 (174.5m2), the overall site area extends to 0.34 acres.
The property can be accessed via either Station Road to the front or Wilson Close to the rear.
The property is let on separate agreements outside the L&T Act producing £60,000 p.a. in total; both agreements can be terminated with 6 months’ notice.
Location The property is located on Station Road in Upminster. The local authority is The London Borough Of Havering.
The immediate area comprises a mixture of commercial and residential uses.
Upminster station is located a 2 minute walk (0.2 miles) from the property offering both London Underground (District Line), Overground and C2C services.
Journey times include London Fenchurch Street in 25 minutes and London Victoria in 58 minutes. www.kingsbury-consultants.co.uk 11 Station Road, Upminster RM14 2SJ
Home Summary Description & Location Development Terms
Planning & Development Potential
The property, which is located with the London Borough of Havering, benefits from Sui Generis Use (MOT Centre) and A1 Retail Use (Costa Coffee).
The property offers potential for comprehensive redevelopment by way of either a fully residential or mixed-use scheme, subject to obtaining the necessary consents.
A pre-application process is due to be undertaken with the Local Authority, which will seek feedback on two design options, which would deliver either 40 or 41 apartments plus 5,000ft2 of commercial space.
The site is also suitable for continued commercial uses which benefit from a highly visible frontage on a busy East-London High Street.
Existing Site Indicative Scheme www.kingsbury-consultants.co.uk 11 Station Road, Upminster RM14 2SJ
Home Summary Description & Location Development Terms
Tenure
The property will be sold freehold.
VAT
The property is not elected for VAT.
Terms
Offers are invited in excess of £2,000,000.
Additional Information
Further information including planning documents are available in the dataroom using access code ‘Upminster’.
Contact
To discuss any aspect of the property of disposal process, please contact the sole selling agents:
Jordan Oldfield 020 7183 2529 [email protected]
Chris Incledon 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.