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Essex Road South, London, E11 Land for sale
Essex Road South, London, E11
£500,000
Essex Road South, London, E11
£500,000
Our Summary
- An airspace development opportunity with planning approval for five apartments
- A fantastic opportunity to acquire this airspace lease with planning permission for 5 apartments in the desirable location of Leyton, East London
- Planning reference: Waltham Forest Council 241769The Gross Internal Area of approx
- Tenure : Long LeaseholdGuide Price : £500,000A excellent opportunity for a developer or investorViewings are strictly by appointment onlyPLEASE NOTE: One of the Directors of Martyn Gerrard Estate Agents has a substantial interest in the vendor company
- Planning permission granted for five apartments
Description
This is a unique airspace development opportunity in Leyton, East London, with planning permission for five apartments. The property has a gross internal area of approximately 3,701 square feet and a guide price of £500,000. Each apartment is approximately 70 square meters in size and is designed to be a two-bedroom, three-person apartment. The development has a gross development value of £2 million, according to Martyn Gerrard's New Homes team. The local area offers a range of amenities, including shopping, dining, and leisure activities, as well as easy access to transport links, including Overground and Central Line stations. The property is available on a long leasehold basis, with a CIL liability of approximately £67,000 and contributions of £15,000 payable by the purchaser. Viewings are strictly by appointment only.