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Our Summary
- Development Potential
- Fronting Stroke Newington Church Street is this cleared site for redevelopment fronting onto the exceptional desirable street thoroughfare
- We consider the site suitable for mixed use Re-development, potentially (subject to planning) comprising of: •A single commercial unit (double fronted) across the whole ground floor with potentially a basement level•7 x private residential dwellings to the upper floors arrange as 1st, 2nd, 3rd and part 4th floor to match the streetscape
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Description
This cleared plot in Stoke Newington offers a unique redevelopment opportunity, situated in the heart of the area with excellent transport links, shops, and amenities nearby. The site, which fronts Stoke Newington Church Street, is suitable for mixed-use redevelopment, potentially featuring a double-fronted commercial unit on the ground floor with a basement level, as well as seven private residential dwellings on the upper floors. The commercial unit could generate an annual income of around £50,000, while the apartments could sell for approximately £4 million, depending on size and specification.
The property is being offered freehold, providing a rare chance for an investor or developer to create a valuable and desirable property in a highly sought-after location.