Freehold Buildings & Site For Sale – Adjacent to Highams Park Station

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.