10-14 Hollybush Gardens, London, Bethnal Green | Property for sale | Savills
16,694 sq ft(1,550.92 sq m)
Guide price £5,250,000($6,812,033)

10-14 Hollybush Gardens, LondonBethnal Green

  • New
  • Joint Sole Agent
  • Freehold
Development land
16,694 sq ft (1,550.92 sq m)

Key features

  • The 0.15-acre site comprises a vacant four-storey Victorian warehouse building
  • (Use Class E (g))
  • Prior approval has been granted to convert the building into 21 apartments
  • 10 x studios, 7 x one bedroom and 4 x two bedroom apartments
  • GIA is approximately 16,694 sqft and total NIA is approximately 11,319 sqft
  • Further development potential, subject to obtaining all necessary consents
  • To create 6 new duplex apartments within two additional floors
  • To create an additional unit bringing the total to 22 units
  • The property is located 100m from Bethnal Green Underground station
  • Unconditional offers invited for the freehold interest

Conversion opportunity to provide 21 apartments in Bethnal Green with value add potential

About this property

  • The existing property comprises an attractive Victorian warehouse building over ground and three upper floors extending to approximately 1,551 sqm (16,694 sqft GIA). The property is currently vacant. The property is bounded by commercial uses to the north and east. To the south is 469 Bethnal Green Road Gardens which has planning (PA/20/02392) and is under construction for the ‘Retention, refurbishment, rear extension and change of use of the existing three storey warehouse building (Use Class B8) and the erection of a three storey extension to accommodate retail floorspace at ground floor level (Use Class E) and office floorspace on the upper levels (Use Class E), together with ancillary servicing and cycle parking. To the west is a residential building.

Local information

  • Bethnal Green is a vibrant area located in East End of London within the London Borough of Tower Hamlets, known for its mix of traditional and modern influences, from its Victorian buildings to contemporary cafes and art galleries.
  • The area is home to popular green spaces such as Victoria Park, which is located 0.8 miles from the property. Local amenities around the property include a variety of independent shops, restaurant and cafes.
  • There are also several schools, medical centres, and cultural venues, including the V&A Museum of Childhood. The nearby Bethnal Green Underground Station is only 100m from the subject property providing easy access to Central London via the Central Line, with a 3-minute journey into Liverpool Street station.

Additional information

  • Prior approval has been granted (Ref: PA/24/01440 by the London Borough of Tower Hamlets on the 10th October 2024) to convert the existing building into 21 apartments. The proposed development comprises 10 x studios, 7 x one-bedroom and 4 x two bedroom apartments, with a total proposed NIA of approximately 1,051.54 sqm
  • (11,319 sqft) 32 cycle spaces are proposed. The total CIL liability is approximately £363,455. The development is to be car-free. No Section 106 obligations or affordable housing requirements apply.