Residential Development For Sale
A unique and architecturally interesting site comprising a “deco-style” double height Warehouse and an extended former Mill sharing a large courtyard which provides vehicular and pedestrian access from Furrow Lane and secluded private amenity space. Capable of separation or combination. Both properties were formally in Class E (B1(c) use and permitted development is being obtained to enable conversion of the existing buildings to 3 large residential units, as follows:
*The Warehouse unit provides double height space with a huge sliding concertina front door with deco style glass lights above and two large crittall windows to the side elevation. The property can be converted to a unique double height unit with a mezzanine level providing up to 1,000 Sq ft of accommodation and further minor planning consents with roof alterations could yield an additional bedroom level and large roof terrace. A fresh approach to planning could include at least 2 further levels (stp).
*The former Mill building comprises ground and first floor accommodation and can be converted into a unique 2 level Townhouse with private amenity. Further minor planning consents could yield additional ground floor space and minor roof alterations would provide FF layout flexibility and an additional bedroom. A fresh approach to planning could yield at least one further level (stp).
*The more modern ground floor extension to the former Mill can be converted to a large 2 bed studio unit with private amenity space. A fresh approach to planning could provide an additional level on part (stp).
Homerton is an increasingly popular East London neighbourhood, just a short walk from Homerton Station and the fashionable Chatsworth Road which has a mix of cafes, bars and boutiques and a popular Sunday market. Victoria Park and the Hackney Marshes are both within a 10 minute walk and an increasing number of gastropubs and upmarket chains have seen the area attract a young and affluent demographic of residential buyers.
Planning:
The site has a permitted development application submitted for each existing unit. One of the applications is approved, subject to the signing of the S106 agreement. The other application has been validated by Hackney Council with a decision is expected soon. Full details can be found via Hackney Council planning portal under references 2023/1497 & 2023/0768. In addition, our clients have received a positive pre-app response supporting the redevelopment of the warehouse unit on at least 3 floors reflecting the height and scale of the adjacent Alvares House development. We are of the opinion that the site would support further development for multiple residential units subject to additional planning permission.
Terms:
Unconditional offers are being sought for the freehold interest at an asking price of £1,200,000. Full vacant possession will be available upon completion. All other terms and conditions by negotiation.
Tenure: Freehold
No EPC available for this property
Other properties you might be interested in
Office For Sale
55 Eagle Wharf Road, Hoxton, N1
Offers in the region of £920,000
- Floor area: 1,382 sq. ft. (128 sq. m.)
