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597 - 601 High Road, IG3 8EE Residential Led Development Opportunity For Sale www.kingsbury-consultants.co.uk 597 - 601 High Road, Seven Kings IG3 8EE

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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 location close to town centre and approximately 0.2 miles from Seven Kings Station which will operate 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

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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 – : 20 minutes Ilford – Bond Street: 27 minutes www.kingsbury-consultants.co.uk 597 - 601 High Road, Seven Kings IG3 8EE

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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

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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