£850,000
(£162.28/sq. ft)
Light industrial for sale125A Corporation Street, London E15
5,238 sq. ft
EPC Rating: G
About this property
3 Metre Site Entrance - The Existing Site Offers 3 Units Plus Yard
Ideal Opportunity For An Owner Occupier, Investor And Developer
Close to Plaistow London Underground Station (District Line) - Stratford and Canary Wharf Within Easy Reach
Located Within A Residential Street - Potential For Residential Development STPP From The London Borough of Newham
Guide Price £850,000 - Full Vacant Possession
The Sale Is Not Subject To VAT
Estimated Rates Payable: £7647.48
The site entrance is between 2 residential properties/end of 2 residential terraces, with a width of three metres. This is an ideal opportunity for an owner occupier/investor requiring a commercial site in East London. The site also offers residential development potential subject to the planning consent.
Current Site: 125a Corporation Street is located within a residential street and the entrance to the site is between 2 residential houses. The site offers a yard plus 3 x existing commercial units.
The site also contains a small UK Power Network power station with rights of way access. This lease has expired. The Lease was originally granted in 1961 for a 60-year term to the London Electricity Board. The contractual term expired in March 2021. The current rent is a nominal £50 per annum only. The site will be sold with full vacant possession.
Location
Local Authority: The London Borough of Newham
Corporation Street connects to Plaistow Road and the site is just 7 minutes walk from Plaistow London Underground Station (District Line).
Both Stratford and Canary Wharf are easily accessible by road and public transport.
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