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597 - 601 High Road, Seven Kings IG3 8EE Residential Led Development Opportunity For Sale www.kingsbury-consultants.co.uk 597 - 601 High Road, Seven Kings IG3 8EE
HOME SUMMARY DESCRIPTION & LOCATION AERIAL DEVELOPMENT TERMS
SUMMARY
• Vehicle repair workshop situated on a site of circa 0.15 acres • Planning permission for a new build scheme comprising 35 residential units (6 x 1 bed, 17 x 2 bed & 12 x 3 bed), plus a ground floor commercial unit with 31 of the residential units designated for private sale and 4 for affordable housing • Popular East London location close to Ilford town centre and approximately 0.2 miles from Seven Kings Station which will operate Crossrail services from 2021 • Offers are invited in excess of £3,500,000 for the freehold interest www.kingsbury-consultants.co.uk 597 - 601 High Road, Seven Kings IG3 8EE
HOME SUMMARY DESCRIPTION & LOCATION AERIAL DEVELOPMENT TERMS
DESCRIPTION
The existing property comprises a single storey vehicle repair workshop which extends to approximately 3,552ft2 situated on a rectangular site of circa 0.15 acres.
The site is bounded by the Crossrail railway line to the north and commercial uses to the east, west and south.
Vehicular and pedestrian access to the site is gained directly from the High Road.
LOCATION
The site occupies a prominent position on Seven Kings High Road, within the London Borough of Redbridge.
The immediate area comprises a mix of commercial and residential uses, and is currently undergoing extensive regeneration.
Ilford town centre is located approximately 1 mile to the east of the site, offering numerous shops, restaurants and amenities as well as Ilford Exchange Shopping Centre.
Seven Kings Station is located circa 0.2 miles to east of the property with Ilford Station located circa 1.1 miles to the west. Both will operate Crossrail / Elizabeth Line services fully from 2021 with journey times including:
Ilford – Canary Wharf: 20 minutes Ilford – Bond Street: 27 minutes www.kingsbury-consultants.co.uk 597 - 601 High Road, Seven Kings IG3 8EE
HOME SUMMARY DESCRIPTION & LOCATION AERIAL DEVELOPMENT TERMS
O2 ARENA CANARY WHARF QUEEN ELIZABETH OLYMPIC PARK RIVER THAMES
BARKING STATION
ILFORD EXCHANGE NORTH CIRCULAR
CINEWORLD CINEMA
ILFORD CROSSRAIL
POLICE STATION
SOUTH PARK
CHARTER HOUSE
ILFORD SPORTS CENTRE 106 APARTMENTS RECENTLY COMPLETED
567-571 HIGH ROAD
35 APARTMENTS UNDER CONSTRUCTION
597-601 HIGH ROAD
SEVEN KINGS CROSSRAIL www.kingsbury-consultants.co.uk 597 - 601 High Road, Seven Kings IG3 8EE
HOME SUMMARY DESCRIPTION & LOCATION AERIAL DEVELOPMENT TERMS
RETAIL PLANNING & DEVELOPMENT POTENTIAL Unit Floor Description NIA ft2 NIA m2 1 Ground A1 / A2 / B1 Unit 882 81.9 Sub-Total 882 81.9 RESIDENTIAL A resolution to grant planning permission was given in June 2020 (application reference: Unit Floor Description NIA ft2 NIA m2 3305/19) for the demolition of the existing building and erection of a part 7 and part 11 storey 1 First 3 Bedroom 5 Person Apartment (Afforable Rent) 955 88.7 building to provide 35 residential units and a ground floor commercial unit (A1 / A2 / B1 Unit). 2 First 2 Bedroom 3 Person Apartment (Afforable Rent) 755 70.1 3 First 1 Bedroom 2 Person Apartment (Afforable Rent) 543 50.4 4 First 3 Bedroom 4 Person Apartment (Afforable Rent) 967 89.8 The proposed development will comprise 6 x 1 bed, 17 x 2 bed and 12 x 3 bedroom units which 5 Second 3 Bedroom 5 Person Apartment 955 88.7 2 2 will extend to 26,961ft (NIA) in total and 1 commercial unit which will extend to 882ft (NIA) in 6 Second 2 Bedroom 3 Person Apartment 757 70.3 total. 7 Second 1 Bedroom 2 Person Apartment 543 50.4 8 Second 3 Bedroom 4 Pers