Summary

- A 0.2 acre site benefiting from planning permission for 19 new build apartments plus commercial space.

Brief description

- The property comprises a 0.2 acre site currently occupied by a car sales business.

Planning & development potential

The site benefits from planning permission, approved at committee on 14th of May 2014, under reference 2014/0173, for the demolition of the existing building and the construction of a 4 storey building to provide 19 apartments (9 x 1 bed, 5 x 2 bed, 5 x 3 bed) and 5 retail units at the Ground Floor.
The consent is Subject to a Section 106 Agreement which provides for 2 Affordable Rented units and financial contributions of £121, 586.17.
Note that a Mayoral cil of £21 350 is applicable.

Location

The site is located on the corner of Lea Bridge Road and Milicent Road in Leyton, within the London Borough of Waltham Forest. The surrounding area comprises a mix of residential and commercial uses. Leyton Midlands Road Station (National Rail and London Overground Services) is located approximately 1.2km from the site and Leyton Underground Station (Central Line Services) is located approximately 2km from the site.

Tenure

The property will be sold Freehold and Subject to Vacant possession on Completion.

Vat

We understand that the property is not elected for vat.