Land for sale in Cumberland Road, London E13

Offers over £925,000
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Property description

The property is located on the eastern side of Cumberland Road close to its junction with Barking Road where local shopping facilities are available. Barking Road is also a busy bus route providing access throughout the local area. Cumberland Road is residential in nature being a mix of flats and housing.


Description


The property currently comprises a motor vehicle workshop of approximately 266 m / 2,866 sq ft occupied by way of a licence producing £1,750 per calendar month (£21,000 pax). A copy of the license can be made available to interested parties.


Development


Planning consent was granted under application reference 16/00900/ful for demolition of the existing vehicle repair workshop and redevelopment of the site to create 3 No terraced houses. The proposed scheme is as follows:

House A 1,243 sq ft (3 bedroom 3 bathroom arranged over basement, ground, first and second floors)

House B 1,206 sq ft (3 bedroom 3 bathroom arranged over basement, ground, first and second floors)

House C 1,206 sq ft *3 bedroom 3 bathroom arranged over basement, ground, first and second floors)

A revised scheme has been submitted to the Local Planning Authority for enhanced development on site proposing 3 no. Basement/lower ground floor, self-contained 1 bedroom flats with 3 no. 3 bed houses over. It is understood that the application is going to Appeal for this enhanced scheme although the price sought reflects the planning potential of the site.


Site area


The site has been measured by digital mapping and extends to an area of approximately 410 m / 0.1 acres.


VAT


All rents, prices and premiums quoted herein are exclusive of VAT. We understand that VAT will not be charged on the sale price.


Business rates


Further information available on request.


Legal fees


Both parties to be responsible for their own legal costs.


Tenure


Freehold.


EPC


The existing property has been assessed with an Energy Performance Certificate banding G, copy available upon request.


Customer protection regulations


It is recommended that applicants seek independent professional advice in relation to the acquisition of this property. Further information is available from the Useful Links page on our website.

Property info

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Kemsley LLP, CM2 on +44 1245 679995 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kemsley LLP, and do not constitute property particulars. Please contact Kemsley LLP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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