Indicative Visualisation

48 Leytonstone Road, Stratford, E15 1JA Mixed-Use Development Opportunity For Sale www.kingsbury-consultants.co.uk 48 Leytonstone Road, Stratford, London E15 1JA

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

SUMMARY

• A cleared rectangular site of circa 0.1 acre, formerly a car repair centre • Implemented planning permission for 9 new build apartments (3 x 1 bed, 4 x 2 bed and 2 x 3 bed units) plus A1 commercial space • Situated close to Maryland Station and Current Site within walking distance to Stratford town centre • Offers invited in excess of £1,700,000 freehold

Former Car Repair Centre www.kingsbury-consultants.co.uk 48 Leytonstone Road, Stratford, London E15 1JA

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

DESCRIPTION

The existing property comprises a 0.1 acre cleared and hoarded development site, formerly occupied by a car repair centre.

The immediate surrounding area comprises a mix of residential and commercial uses.

Planning permission was approved in June 2014 (and subsequently implemented) for the demolition of the existing building and construction of 9 self-contained apartments with ground floor commercial space.

Demolition of the car repair centre took place in June 2016.

LOCATION

The site is located on the corner of Leytonstone Road and Bow Street in Stratford, within the .

Maryland Station is located 300m from the site which now operates Crossrail / Elizabeth Line services. Stratford town centre and Station (National Rail, , DLR and International services) is a short walking distance away with Westfield Stratford shopping centre located approximately 1.1 mile from the property.

Journey times from Maryland Station include:

London Liverpool Street: 13 minutes www.kingsbury-consultants.co.uk 48 Leytonstone Road, Stratford, London E15 1JA

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

PLANNING & DEVELOPMENT POTENTIAL APPROVED ACCOMMODATION SCHEDULE

The site benefits from planning permission, approved at Appeal on 19th June 2014, under 2 2 reference 13/01314/FUL, for the demolition of the existing building and the construction Unit Floor Description NIA ft NIA m of 9 new apartments (3 x 1 bed, 4 x 2 bed, 2 x 3 bed units) within a 5-storey block, with 4 x Commercial commercial units (Use Class A1) at ground floor. 1 Ground Commercial Unit 398 37 The consent is not subject to a Section 106 Agreement, however; Borough CIL of £51,779 and 2 Ground Commercial Unit 430 40 a Mayoral CIL of £12,944 is applicable. 3 Ground Commercial Unit 409 38 Demolition of the historic buildings on site has taken place and all pre-commencement planning conditions have been discharged, allowing for an immediate start. 4 Ground Commercial Unit 161 15 Commercial Total 1,399 130 Residential 1 First 2 Bedroom Apartment 753 70 2 First 3 Bedroom Apartment 925 86 3 Second 2 Bedroom Apartment 753 70 4 Second 3 Bedroom Apartment 925 86 5 Third 1 Bedroom Apartment 538 50 6 Third 1 Bedroom Apartment 538 50 7 Third 2 Bedroom Apartment 656 61 8 Fourth 1 Bedroom Apartment 538 50 9 Fourth 2 Bedroom Apartment 753 70

Proposed West Elevation Residential Total 6,381 593 Grand Total 7,779 723 www.kingsbury-consultants.co.uk 48 Leytonstone Road, Stratford, London E15 1JA

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS

TENURE

The property will be sold freehold subject to vacant possession on completion.

VAT

The property is not elected for VAT.

TERMS

Offers are invited in excess of £1,700,000.

ADDITIONAL INFORMATION

Further information including plans, technical reports and legal pack is available within our dataroom using access code ‘Leytonstone’.

CONTACT To discuss any aspect of the property of disposal process, please contact the sole selling agents:

Paul Heale 020 7183 2529 [email protected]

Joe Goldsmith 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 No: 06869268. Indicative Proposed West Elevation