Development Properties: Ground and First Floor, 154-158 High Street, Stratford E15 2NE

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Ground and First Floor, 154-158 High Street, Stratford E15 2NE

OIEO £900,000 subject to contract - Leasehold

  • An existing double height ground floor commercial premises benefitting from a combination of permitted development rights and lawful use to build two levels of accommodation and develop 4 apartments at first floor level.
  • Once a separation of floors has been established, the netsaleable area of the residential element will total 2,109 sq ft.
  • There will be an additional 2,195 sq ft (NIA) of flexible commercial space (A1/A2) at ground floor level divided into two units.
  • The ground floor may also suit a residential conversion ata future date, subject to the usual consents, in line with neighbouring precedent.
  • 0.6 miles from Stratford Station and 0.7 miles from Westfield Stratford and the Olympic Park.
  • The rear of the property fronts the Waterworks River andoffers attractive views.
  • 250 year leasehold interest.
  • Vacant possession.
  • We are instructed to seek offers in excess of £900,000, equating to a low capital value of £209 per sq ft (on the basis of the consented permitted development and law fuluse).