Land for sale

Description

The site currently occupied by a single storey building has been lying vacant for the last 10 years. It is located between a 10 storey student accommodation and a parade of shops fronting onto Perth Road.

Location

The site and premises is situated on the west side of Perth Road close to the junction with Eastern Avenue (A12) leading to Gants Hill Roundabout. Gants Hill is an affluent part of North Ilford within the London Borough of Redbridge lying only 9.5 miles east of Charing Cross.
Gants Hill Roundabout is an important hub linking the A12 travelling westwards to the A406 North Circular Road and further with the A11 towards the City. The A12 travelling eastward heads toward Romford and links with the Orbital M25. Woodford Avenue (A1400) feeding off Gants Hill Roundabouts heading in a north west direction links to A406 whilst Cranbrook Road (A123) heading southwards leads to Ilford and in a north east direction towards Barkingside. The site lies also less than 1 minute’s walk to Gants Hill London Underground (Central) line.
Immediately around the roundabout and on the roads feeding off this, there are a number of retail outlets, bars and restaurants and a number of new residential blocks.

Planning Consent

A residential development opportunity in the London Borough of Redbridge. Planning consent was granted on 1st March 2024 for the demolition of the existing building and for the erection of of a 9 storey block including 8 residential flats (8 x 1 bed). The total indicative cil liability will be in the region of £129,000. Further conditions can be found in the full decision notice available on the London Borough of Redbridge planning portal page under Reference 3955/22.

Price

We are instructed to seek offers in excess of £725,000 for the freehold interest with the benefit of planning consent and with vacant possession.

Legal Costs

Each party to bear their own legal costs incurred in this transaction, subject to the prospective purchaser solicitors undertaking to pay the landlord’s abortive costs if the prospective purchaser withdraw from the transaction.

Viewing

Strictly by appointment via Dobbin and Sullivan - Sole Agents.