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Office Investments, Development - Residential for Sale
Larkshall Road, Highams Park, London, E4
19,967 sf
Office Investments, Development - Residential for Sale
Larkshall Road, Highams Park, London, E4
Existing Buildings:
- Four self-contained office buildings (Class-E) - 19,967sqft (GIA), with a large rear car park (c.43 spaces) - Producing £372,257pax (£18.64psf) from short lease agreements - ERV of £420,000 (£21psf), with potential to extend vertically - Suitable for retail occupiers, including gyms, churches and nurseries - Total site area measures 0.68 acres (0.28 ha)
Alternative Uses:
- We understand the site is not subject to an Article 4 Direction - Therefore may be suitable for permitted development - Historic consent permitted conversion to 42 x residential units
- Potential for co-living scheme of up to 206-units (STPP)
New Build Scheme:
- For 68 x apartments (100% private) & 3 x commercial units - Planning consent granted at appeal (Waltham Forest) - S96A NMA approved for second staircase within Block B - 52,339sqft of NSA - Appeal reference: APP/U5930/W/22/3304178
Guide price - £5,000,000 (low capital value of £250psf on GIA & 7.4% gross yield on the existing income).
For full details download the property brochure.
Location
Larkshall Road is located in Highams Park (Zone4) in between Walthamstow, Tottenham, and Woodford; located in the borough of Waltham Forest.Prominent town centre site, with fast transport connections. This includes connectivity via numerous bus routes and Highams Park train station directly adjoining to the rear.
London Overground services are available here with direct trains to London Liverpool Street in just 21-minutes.
Related links
Development Property for SaleDevelopment Property for Sale in LondonDevelopment Property for Sale in Highams ParkInvestment property for SaleInvestment property for Sale in LondonInvestment property for Sale in Highams ParkHenshall & Partners
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