Indicative Visualisation
52-68 Stamford Road, South Tottenham, London N15 4PZ Residential Development Opportunity For Sale www.kingsbury-consultants.co.uk 52-68 Stamford Road, South Tottenham, London N15 4PZ
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
SUMMARY
• Existing 2-storey B1 office building extending to circa 7,879ft2 NIA and storage yard occupying an 0.5 acre site
• Planning permission for a 6-storey new build scheme comprising 48 residential apartments (20 x 1 bed, 23 x 2 bed, 4 x 3 bed and 1 x 4 bed units) totalling 36,737ft2 plus replacement B1 space of 12,270ft2
• All residential units for private sale
• Sought-after residential location in close proximity to numerous transport links including South Tottenham, Seven Sisters and Tottenham Hale stations
• Offers invited in the region of £6,000,000 for freehold interest, subject to the Seller retaining the new B1 space on a 999 year lease www.kingsbury-consultants.co.uk 52-68 Stamford Road, South Tottenham, London N15 4PZ
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
DESCRIPTION
The existing property comprises a purpose-built office building (B1 Use Class) extending to approximately 7,879ft2 NIA over ground and 1st floors, along with a secure yard area used for storage purposes and parking.
The site area extends to circa 0.5 acres and is bounded by a small public park to the north, residential properties to the west and light industrial uses to the south and east.
The property is currently owner-occupied by a construction company who have used the building as their head office since 1989.
LOCATION
The property is located on Stamford Road in South Tottenham, within the London Borough of Haringey.
The immediate surroundings comprises a mix of residential and light industrial buildings. Various shops, restaurants and amenities are available on Seven Sisters Road, Tottenham High Road and around Tottenham Hale, which are all within walking distance of the site.
The area benefits from excellent public transport links, with South Tottenham (0.5 miles), Seven Sisters (0.5 miles) and Tottenham Hale (0.6 miles) stations all within close proximity. Journey times include: Seven Sisters to Oxford Circus – 13 mins (Underground) Tottenham Hale to Liverpool Street – 16 mins (National Rail) www.kingsbury-consultants.co.uk 52-68 Stamford Road, South Tottenham, London N15 4PZ
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
PLANNING & DEVELOPMENT POTENTIAL PROPOSED ACCOMMODATION SCHEDULE
Planning permission was granted on 6th September 2016, under reference HGY/2017/0426, Description Number NIA ft2 NIA m2 for “demolition of the existing building and the erection of a mixed-use development Affordable Workspace (B1) 1 6,135 570 2 comprising 1,140m (NIA) of commercial floorspace (Use Class B1) and 48 residential units Business Space (B1) 1 6,135 570 (Use Class C3), together with associated vehicular access, car and cycle parking spaces, bin Commercial Sub-Total 2 12,270 1,140 stores, plant, landscaping and amenity space.” 1 Bedroom Apartment 20 11,356 1,055 The proposed development will be constructed over part-3, part-4 and part-6 storeys and 2 Bedroom Apartment 23 19,138 1,778 provide 20 x 1 bedroom, 23 x 2 bedroom, 4 x 3 bedroom and 1 x 4 bedroom apartments 3 Bedroom Duplex Apartment 4 4,607 428 totalling 36,737ft2, all for private sale. 4 Bedroom Duplex Apartment 1 1,636 152 Residential Sub-Total 48 36,737 3,413 2 The B1 space will consist of two separate units of 6,135ft each at ground floor level. The Grand Total 49,007 4,553 development will benefit from 17 car parking spaces at ground floor level; 10 for the residential units and 7 for the commercial space. A full accommodation schedule can be viewed here.
The planning consent is subject to a Section 106 Agreement providing for financial contributions totalling £209,929.33 and obligations for one of the B1 units to be designated as Affordable Workspace. A CIL liability of circa £269,160.25 is applicable.
Typical Floor Plan Indicative Visualisation www.kingsbury-consultants.co.uk 52-68 Stamford Road, South Tottenham, London N15 4PZ
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
TENURE
The property will be sold freehold with vacant possession upon completion and subject to the proposed B1 space being handed back to the Seller on a 999 year lease at shell and core condition.
VAT
The property is not elected for VAT.
TERMS
Offers are invited in the region of £6,000,000.
ADDITIONAL INFORMATION
Further information, including plans, technical reports and legal pack is available within the dataroom, using the access code ‘Stamford’.
CONTACT
To discuss any aspect of the property of disposal process, please contact the sole selling agents:
Paul Heale 020 7183 2529 [email protected]
Ross Kemp 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.