Rosina Street Homerton, E9

A freehold site with planning permission to demolish an existing two-storey warehouse measuring approx. 5,200 sq. ft., and erect a new building over 6 storeys, comprising 9 residential apartments totaling 8,500 sq. ft. (790 sq. ms) and 4 commercial spaces totaling 3,486 sq. ft. (324 sq. ms).

When development commences, the purchaser will be expected to pay approx. £114,000 in Section 106 and affordable housing costs and approx. £104,000 in CIL.

The site is located in the increasingly popular East London neighborhood of Homerton, 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. Historically, the immediately surrounding area was fairly industrial, but in recent years a number of commercial buildings and vacant sites have been redeveloped into mixed use schemes comprising commercial space at ground level and flats above.

Tenure: Freehold

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