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Let/Sold
Development to Buy

London Road, Romford, RM7

£2,500,000
 
£2,500,000
** Development Opportunity **The Crown comprises a three storey public house withbasement, having been extended to the side and the rearunder single and double storey extensions. The propertyhas a forecourt area providing external seating and also asurfaced side yard area which is currently utilised as a handcar wash and car parking for the public house. The upperparts are currently used as a House in Multiple Occupation.PlanningPlanning consent was granted following an appeal (Ref: APP/B5480/W/16/3153011) for the conversion of the publichouse and erection of new build accommodation to provide24 residential units, 100% private, being a mixture of one and two bedroom accommodation.Further information on this planning consent can be obtained from The London Borough of Havering website/planning portal or upon request via Kemsley LLP.LocationThe property is located on the northern side of LondonRoad, close to Romford town centre with its mainline railstation linking with London Liverpool Street includingforthcoming Crossrail services. London Road is a busy busroute. Romford boasts a busy, thriving town centre withsignificant retail and leisure opportunities. The A12 is withineasy reach of the subject property via London Road linkingwith the national road network including the A406 NorthCircular Road and M25.S106/CILWe understand that S106/CIL payments are anticipatedat £144,000 (education), £24,000 (cycle routes), £6,320(Council fees and monitoring) plus £18,000 in lieu of off-siteaffordable provision. Copies of the relevant documentationcan be found on the London Borough of Havering planningportal or upon request from Kemsley LLP. You should satisfyyourself as regards all planning obligations relating to theproperty and consent granted.Site AreaWe have measured the site by digital mapping andunderstand it extends to an area of 0.421 acres (0.17hectares). Solicitors to confirm exact boundaries.Floor AreasWe have been unable to access the property internally toundertake measurements so cannot comment on the floorareas.Floorplans (not to scale) are available on request.TenureThe property is available to be purchased freehold withvacant possession, or, subject to the existing tenancy whichexpires on 8th June 2019 and currently generates a rental of£100,000 per annum exclusive. Further details are availableupon request.Nature Of SaleUnconditional.Guide PriceOffers in excess of £2,500,000VatVAT will not be charged on the sale price.Legal FeesEach party to bear their own legal costs incurred.Customer Protection RegulationsIt is recommended that all applicants seek independentprofessional advice in relation to acquisition of this site/property. Further information is available from the usefullinks page on our website.ViewingsBy prior appointment with sole agent.
Development to Buy
Development - Residential
Amenities
Re-development Site
Planning Permission Granted
This property has been let/ Sold

London Road, Romford, RM7

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