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317a & 400 , , E17 9AA 317a & 400 Hoe Street, Walthamstow, E17 9AA North East Residential Led Development Opportunity

Red line boundary for indicative purposes only 317a & 400 Hoe Street, Walthamstow, E17 9AA

Summary

• Residential-led two-site development opportunity in the heart of Walthamstow.

• Linked planning permissions for two schemes comprising a total of 54 apartments (43 private sale, 4 intermediate, 7 affordable rent) and 395 sq m (4,251 sq ft) flexible commercial space (Use class A1/A2/B1/D1).

• 317a Hoe Street is a 0.06 hectare (0.14 acre) site used as a car wash / tyre fitting service. 400 Hoe Street extends to approximately 0.16 hectares (0.4 acres) and is in use as a car workshop.

• The sites are approximately 600 metres from both Walthamstow Central ( and rail) station and Walthamstow Queen’s Road rail station.

• For sale freehold.

Location Red line for indicative purposes only. Walthamstow is situated in north , benefits from excellent access to the leisure activities approximately 10 km (6 miles) from the West End and 8 and green open spaces of the to the west km (5 miles) from the City of London. The area is bounded and to the east and north east, along with by the Lee Valley and the Walthamstow Reservoirs to Lloyd Park, home to the Gallery in the heart the west, Epping Forest to the east and the North Circular of the town. Barclay Primary School, which was judged Walthamstow Central Road (A1400) to the north. Hoe Street runs south to north ‘Outstanding’ by Ofsted in May 2016, is adjacent to 400 Station through the centre of Walthamstow and 317a and 400 Hoe Hoe Street. Street are approximately 600 metres south of the town square and Walthamstow Central Station. Transport connections are very good. The sites are Walthamstow Queens approximately 600 metres south of Walthamstow Central Road Station Walthamstow is one of London’s fastest growing, up- Station, which provides access to London Underground and-coming districts, benefitting from the City’s move () and services. This eastwards and the push outwards from Londoners provides access to the West End and The City with direct moving away from prime central areas. Walthamstow services to King’s Cross (16 minutes), Oxford Circus (19 provides an extensive retail offer with a vibrant town minutes) and Liverpool Street (19 minutes). Walthamstow centre, a Shopping mall and is home to Walthamstow Queen’s Road Station is 600 metres to the north west and Market, the longest single street market in Europe. provides access to London Overground services on the Walthamstow Village, an area of attractive Victorian East London Line direct towards Barking to the East and and Georgian streets and an enclave of artisan and through East and North London to Heath and independent shops, bars and restaurants on Orford Road on to West London. A number of bus services run along is approximately 500 metres north east of the sites. The area Hoe Street. NOTE:- Reproduced from the Ordnance Survey100022432 SavillsMap (UK)with Ltd.NOTE:- Publishedthe for thepermission purposes of identification of theonly and althoughController believed to ofbe correctH.M. accuracyStationery is not guaranteed. Office.© Crown copyright licence number 317a & 400 Hoe Street, Walthamstow, E17 9AA

Description and Situation The opportunity for sale comprises two sites approximately 50 metres apart on either side of Hoe Street. Site 1 located at 317a Hoe Street, occupies a corner plot at the junction of Hoe Street and Grove road and is in use as an open air car wash and tyre fitting service. The site is laid to tarmac and extends to approximately 0.06 hectares (0.14 acres) with access from Grove Road to the North and Hoe Street to the West. The site is bounded to the south by a part three storey/ part four storey telephone exchange and to the east by a two storey Victorian terrace. Site 2 located at 400 Hoe Street, fronts Hoe Street and is in use as a car workshop with ancillary offices. The centre of the site is laid to tarmac, with vehicular access to the yard at the rear. A two-storey commercial building fronts Hoe Street. The existing building extends to approximately 814 sq m (8,762 sq ft) and the site extends to approximately 0.16 CGI of proposed scheme. hectares (0.4 acres), with access from Hoe Street and the forecourt. The site is bounded to the north by Barclay Primary School, to the south by a retail terrace, and to the west by the car park of a residential block.

Planning The sites are located within the London Borough of Waltham Forest close to the boundary of the Lea Valley Regeneration Corridor. There are no listed buildings on site and neither site is in a Conservation Area.

Planning permission (Ref: 142871) at Site 1 has been granted for:

317a Hoe Street, Walthamstow E17 9BD – Demolition of existing building and construction of 3-5 storey building to form 16 residential units comprising 7 x 1-bed, 7 x 2-bed and 2 x 3-bed flats. Provision of amenity space, cycle storage and refuse collection area.

Planning permission (Ref: 142872) at Site 2 has been granted for:

400 Hoe Street, Walthamstow E17 9AA – Demolition of existing building and construction CGI of proposed scheme: Site 1 of a 3-5 storey building to form 38 residential units comprising of 16 x 1-bed, 17 x 2-bed and 5 x 3-bed flats, commercial space at ground floor level of 395sq.m in use class A1, A2, B1 and D1. Provision of amenity space, cycle shed and refuse stores and 4 off-street disabled parking spaces. The planning permissions are subject to linked Section 106 Agreements that require financial contributions of £78,150. A viability review mechanism may result in the payment of a financial contribution for the provision of affordable housing. The development will be liable for Mayoral and London Borough of Waltham Forest CIL and the estimated liability provided in the Planning Officer’s Committee Report is £351,720. 317a & 400 Hoe Street, Walthamstow, E17 9AA

Proposed Development Summary Residential Mix The proposed scheme will comprise comprehensive redevelopment of each site for a high quality residential led development. 1 bed 2 Bed 3 Bed Total The proposal contains 54 dwellings across sites 1 and 2. The applications are linked via S106 agreement. Site 2 – Private Sale 16 17 5 38 Site 1 has permission for 5 units for private ownership and 11 affordable units. The scheme extends over ground to fourth floor. Site 1 - Private Sale 2 3 0 5 Site 2 has permission for 38 units for private ownership. 295 sq m (3,175 sq ft) of commercial floor space is proposed at part ground and lower Private Sale Sub Total 18 20 5 43 ground floor level fronting Hoe Street. The scheme is laid out over lower ground to third floor level. Site 1 - Intermediate 2 1 1 4

Amenity space is provided through private gardens, terraces and balconies to the individual residential units. Proposals include five units Site 1 - Affordable Rent 3 3 1 7 designed to be suitable for disabled residents and 4 wheelchair accessible parking bays. Affordable Sub Total 5 4 2 11 Method of Sale and Tenure Total 23 24 7 54 The property is for sale freehold, subject to the existing leases, and will be sold by way of informal tender (unless sold prior). Summary Residential NSA The property at 317a Hoe Street is leased for a term expiring on 24th February 2017 for a rent of £30,000 per annum. There is a landlord break Site 1 Site 2 option that can be exercised with one months notice and the lease is contracted outside the Landlord and Tenant Act 1954. Sq M Sq Ft Sq M Sq Ft The property at 400 Hoe Street is leased for a term expiring on 27th February 2017 for a rent of £39,000 per annum. There is a landlord break Private Sale 292 3,143 2,362 25,424 option that can be exercised with one months notice and the lease is contracted outside the Landlord and Tenant Act 1954. Private Sale Sub Total 2,654 Sq M 28,567 Sq Ft Intermediate 247 2,659 0 0 Affordable Rent 441 4,747 0 0 Affordable Sub-Total 688 Sq M 7,406 Sq Ft Total 980 10,549 2,362 25,424

Summary GIA Schedule Residential: Sq M Sq Ft Site 1 (Private) 372 4,004 Site 2 (Affordable) 910 9,795 Site 2 (Private) 3,506 37,738 Total 4,788 51,538

Commercial: Sq M Sq Ft Commercial( A1/A2/B1/D1) 375 4,036

Scheme Total GIA 5,163 55,574

Site 1: Red line boundary for indicative purposes only Site 2: Red line boundary for indicative purposes only 317a & 400 Hoe Street, Walthamstow, E17 9AA

CGI of proposed scheme: Site 2

NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office.© Crown CGI of proposed scheme: Site 2 copyright licence number 100022432 Savills (UK) Ltd.NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed. 317a & 400 Hoe Street, Walthamstow, E17 9AA

Red line boundary for indicative purposes only 317a & 400 Hoe Street, Walthamstow, E17 9AA 317a & 400 Hoe Street, Walthamstow, E17 9AA North East London Residential Led Development Opportunity

VAT The property is not elected for VAT.

Further Information Further detailed information can be found on the following website: www.317400hoestreet.com

Viewings The site can be viewed from the public highway. The planning permission provides for demolition of the existing buildings at both sites. If you require an inspection of the existing buildings please contact the joint sole selling agents to make an appointment.

Contact Savills UK Ltd Strettons Darren Arnold Chris Collins 020 7409 9926 020 8509 4402 [email protected] [email protected]

Sean Cooper Sean Crowhurst 020 7409 9948 020 8509 4436 [email protected] [email protected]

Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | November 2016 CGI of proposed scheme: Site 2