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30 bed property, in Stoke Newington Church Street, £18,000,000
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Land

Stoke Newington Church Street, London N16
Land Planning
£18,000,000

Our Summary

  • An exceptional and rarely available freehold investment and development opportunity in the heart of Stoke Newington, ideally positioned amongst the area's vibrant shops, cafés, restaurants and local amenities
  • The site further benefits from three vacant development plots offering considerable future potential, subject to the necessary planning consents
  • Initial designer recommendations suggest the following possibilities: • Plot 1 (rear site): potential for 4–5 mews houses• Plot 2 (side site): potential for 5–6 mews houses• Plot 3 (front site): potential for 9 apartments and 2 commercial units In addition, the development includes an office currently let to a nursery operator, along with a commercial block occupied under a commercial lease, both presenting further long-term asset management and redevelopment opportunities
  • Combining immediate rental income with significant future development potential, this is a rare opportunity to acquire a landmark Stoke Newington site with the scope to create one of the area's newest and most desirable secure gated developments

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Description

The property is a substantial mixed-use development in Stoke Newington, comprising 17 residential apartments, an office, and a commercial block. The apartments are arranged across four buildings, with 10 one-bedroom, 2 two-bedroom, 4 three-bedroom, and 1 four-bedroom units, all currently let on Assured Shorthold Tenancies (APTs) with 99% occupancy, generating approx. £490,000 in annual income. The property also features three vacant development plots, which could be used for 9-20 additional units, including mews houses and apartments, subject to necessary planning consents.