Development Properties: 29 Herbert Road, Woolwich, London, SE18 3SZ

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29 Herbert Road, Woolwich, London, SE18 3SZ

OIEO of £1,350,000 - subject to contract

  • The property is located 2.5 miles south of London City Airport, within a 15 minute walk of Woolwich Arsenal station and the incoming Crossrail station (completion December 2018).
  • Planning permission has been granted for conversion and extension to provide 9 residential loft style apartments (2 x 1 bed, 4 x 2 bed, 3 x 3 bed) and 2 commercial units across a site area of 440sq m.
  • Proposed NIA- commercial units: 340 sq m / 3,600sq ft + residential flats: 645 sq m / 6,943sq ft.
  • The existing gym is let from February 2016 to 31st December 2017 with a current passing rent of £16,640 pa.
  • CIL - £37,032.75.