REGENTS WHARF Wharf Place, London E2 9BD East London Consented Rooftop Canal side Development Opportunity Regents Wharf Wharf Place, London E2 9BD 2 EXECUTIVE THE SITE SUMMARY The site comprises a four storey building in red and yellow banded masonry with a pitched roof, • A rooftop development constructed in the 1980s above a basement car park opportunity located on the and residents cycle storage. Part of the building is a southern side of Regents Canal later three storey addition, built approximately ten years ago, accommodating similar masonry banding opposite Broadway Market. and a flat roof. The site extends to approximately 0.12 hectares (0.29 acres). • The total site comprises 0.12 hectares (0.29 acres) and consists The building contains 27 residential units which have of an existing four storey 1980s all been sold off on long leasehold interests. This includes more recent residential additions located on building containing 27 flats the lower ground floor directly alongside the canal occupied by private leaseholders. and a two-storey cottage layout over lower and upper ground floors. • Planning permission for the removal of the existing roof The upper ground floor includes a communal terrace/garden which serves all residents. There is a structure to provide 6 additional lower-level terrace, accessed from the parking area flats with associated cycle parking and from the upper level terrace, serving as further in the basement. communal space. • Additional planning application for 12 units, subject to appeal approval. • Located 0.5 miles (0.8 km) north of Cambridge Heath Overground Station. • Benefiting from ground rent income of £2,969 per annum. • For sale freehold. Promap Site Plan - NOT TO SCALE Ordnance Survey Crown Copyright 2021. All rights reserved. Licence number 100022432. Plotted Scale - 1:750. Paper Size – A4 Regents Wharf Wharf Place, London E2 9BD 3 View looking north over Regent’s Canal and towards Broadway Market View of the site looking south-east Lower ground floor communal terrace and view looking east Regents Wharf Wharf Place, London E2 9BD 4 LOCATION AND CONNECTIVITY The site is located on the boundaries of the London Borough of Tower Hamlets and the London Borough of Hackney. Wharf Place intersects with Pritchard’s Road and leads to the Cat & Mutton Bridge across the Regent’s Canal, which leads to Broadway Market. The immediate surrounding predominantly comprises residential buildings, interspersed with a mix of cafes, bars and retail units. The site is approximately 300 metres south of London Fields and approximately 350 metres to the north of Haggerston Park. Victoria Park is approximately 700 metres to the east along Regent’s Canal and the site is ideally positioned close to Broadway Market and Columbia Road which offer weekend markets and an array of local amenities and restaurants. The site is well located for both public and pedestrian transport, within walking distance of Shoreditch and the City whilst also being in easy reach of numerous local transport links. The site is located approximately 0.5 miles (0.8 km) south of London Fields Overground Station, 0.8 miles (1.3 km) north east of Hoxton Overground Station, 0.5 miles (0.8 km) north of Cambridge Heath Overground Station and 0.8 miles (1.3 km west of Bethnal Green Underground Station (Central Line). Additionally, the 394 bus service stops on the corner of Pritchard’s Road and Wharf Place, providing local networks and further routes into the City. Ordnance Survey Crown Copyright 2021. All rights reserved. Promap Location Plan - NOT TO SCALE Licence number 100022432. Plotted Scale - 1:9000. Paper Size – A4 Regents Wharf Wharf Place, London E2 9BD 5 PLANNING The site is situated within the jurisdiction of London Borough of Tower Hamlets, East London. The site partly sits within the Regent’s Canal Conservation Area, however none of the proposed works sit within this area. There are no listed, locally listed or un-listed buildings of merit on the application site or in the immediate vicinity of the site. A planning application Reference PA/18/01676/A1) was granted in September 2019 for: “The removal of the existing roof structure and construction of a mansard style roof extension to provide 4x 1b2p flats, 1x 2b3p flat Proposed North East Elevation and 1x 2b4p flat with associated cycle parking and refuse storage facilities.” A subsequent Prior Approval application (Reference PA/20/01849/A1) was refused in October 2020 for: “Application for prior approval under permitted development provisions in Class A, Part 20 of Schedule 2 to the GPDO (as amended by the Town and Country Planning (Permitted Development and Miscellaneous Amendments) (England) (Coronavirus) Regulations 2020) for a two-storey extension to the existing three-storey building additional 12 units (which will be constructed on the principal part of the Property).” The planning decision is currently under appeal. Red Line Site Boundary Regents Wharf Wharf Place, London E2 9BD 6 TITLE & TENURE FURTHER The property is for sale freehold. INFORMATION Further information including METHOD OF planning, technical and legal documentation is available on the SALE project dataroom: https://sites. savills.com/RegentsWharf The property will be sold by informal tender with a bid deadline to be advertised in due course (unless sold prior). CONTACT For further information please VAT contact: Alex Soskin The site is not elected for VAT. 020 7409 9993 [email protected] VIEWINGS Hugh Bushell Viewings are strictly by appointment; 020 7075 2860 please contact the joint selling [email protected] agents to make an appointment. Charlotte Hooper 020 7330 8676 [email protected] Richard Parkin-Mason 020 7438 2011 [email protected] IMPORTANT NOTICE Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, and published for the purposes of identification only and although believed to be correct accuracy is not guaranteed. 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 | June 2021 Rear Communal Terrace.