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- LoopNet Team
463 High Rd
Ilford IG1 1TX
Land For Sale
·
10,018.00 ac
INVESTMENT HIGHLIGHTS
- Planning consent has been granted
PROPERTY FACTS
| Property Type | Land | Total Plot Size | 10,018.00 ac |
| Property Subtype | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Plot Size | 10,018.00 ac |
DESCRIPTION
The site comprises a plot of open land totally 10,770 sq ft which is currently used for car sales. The site is prominently located on the north side of the High Road, a short distance from the junction with Green Lanes. The site is located one mile from Ilford Town Centre with a vast array of retail shops. The area boasts good transport links, with Seven Kings and Ilford Railway Stations (over ground services to Stratford and Liverpool Street) both nearby, and road connections, including the A406 (North Circular Road), A12 and M11. Planning permission was granted via appeal on 27th July 2017, under reference APP/W5780/W/17/3170276, to erect a 4-storey building to create 25 self-contained apartments with 10 off-street parking spaces at surface level. The proposed scheme comprises 10 x 1 bedroom and 15 x 2 bedroom units totalling 16,770ft2 . All units are for private sale with no affordable housing requirement. The planning consent is subject to Section 106 financial contributions of approximately £340,000 and CIL of approximately £191,520. There may be potential to enhance the current planning permission with up to 2 extra floors to provide additional residential units, subject to obtaining the necessary consents.
