Property photos
Freehold
Offers in region of
£5,000,000
(£250.41/sq. ft)
Industrial for sale
Freehold - Highams Park Station, 480-506 Larkshall Road, Highams Park, London E419,967 sq. ft
Local area information
Property location
Nearby amenities
- Highams Park 0.1 miles
- Handsworth Primary School 0.2 miles
- Highams Park School 0.2 miles
- Wood Street 1.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Highams Park, Hale End and Chingford Hatch to find out more about the local area.
Features and description
- Freehold
- 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)
- New Build Scheme: For 68 x apartments (100% private) & 3 x commercial units
- Suitable for permitted development | Historic consent permitted conversion to 42 x residential units | Potential for co-living scheme of up to 206-units (STPP)
- Guide price – £5,000,000 (low capital value of £250psf on gia & 7.4% gross yield on the existing income)
Description
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.
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.
More information
Listed by
Henshall & Partners
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