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Development opportunity for sale freehold.
Description
The site extends to approximately 0.29 of an acre (0.11 ha) and comprises a parcel of enclosed land currently used as a car park adjacent to The Goose public house. Access to the site is from South Street.
Planning
The site is not located within a Conservation Area and is located within Flood Zone 1. The site has a PTAL rating of 6b (Best), indicating a very good level of accessibility to local public transport facilities and it is located directly opposite Romford railway station. The Local Planning Authority is Havering Council.
Development Potential
The site has potential for the erection of a four storey building comprising 12 residential apartments with associated amenities, parking and landscaping subject to obtaining the necessary planning consents. We have provided an indicative scheme on Pages 4, 5 & 6. Parties should undertake their own due diligence and planning enquiries for the site.
Schedule of Areas
The indicative architect scheme shows a four storey 12 unit apartment scheme which is summarised below:
Unit Description Sq Ft Sq M
1 2 Bed 4 Person 785 73
2 1 Bed 2 Person 613 57
3 2 Bed 4 Person 807 75
4 3 Bed 5 Person 979 91
5 1 Bed 2 Person 538 50
6 2 Bed 4 Person 807 75
7 3 Bed 5 Person 979 91
8 1 Bed 2 Person 538 50
9 2 Bed 4 Person 807 75
10 3 Bed 5 Person 979 91
11 1 Bed 2 Person 538 50
12 2 Bed 4 Person 807 75
Total 9,177 853
Services
We understand the land is not connected to any services. Purchasers are advised to make their own enquiries with the supply companies in respect of their specific requirements.
Title
The site is held freehold under the Title Number EGL407194 however, the land to be sold is outlined in red on the below promap with the area outlined in blue retained by our client. An application will be made to the Land Registry to transfer part of the title once a sale has been agreed.
Tenure
Freehold with vacant possession.
Terms
Offers in excess of £450,000 are invited for the benefit of our client’s freehold interest on a subject to contract only basis.
VAT
VAT may be applicable.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.
Viewings
The site currently operates as a car park and is open to members of the public so please undertake an inspection in the first instance. The adjoining public house is not part of the sale and under no circumstances should any staff members be approached.
Dataroom
Access to the dataroom, which includes architects drawings is available upon request.