Back to current instructions

Robart House, Lemna Road, Leytonstone E11

Consented Residential Development Opportunity
For sale
  • Residential Development Opportunity located just 0.2 miles from Leytonstone Station in an attractive residential neighbourhood.
  • Leytonstone Station is on the Central Line offering extremely quick and easy access both into the City and central London.
  • The asset is an attractive mixed-use building with the lower ground, first and second floors having been recently converted into residential apartments which have all been sold off on long leases to owner occupiers.
  • The ground floor is a vacant commercial premises.
  • The property benefits from two separate prior approval consents to develop a total of 25 apartments.
  • The first planning consent is for the conversion of the existing ground floor commercial premises into 8 apartments to comprise 5 x 1 bed and 3 x 2 bed – NIA 4,542 sq ft.
  • The second granted application is for the erection of two additional floors; third and fourth which will comprise 15 x 1 bed, 1 x 1 bed plus study and 1 x 2 bed – NIA 7,943 sq ft.
  • The ground floor already benefits from brand new windows and has been stripped out ready for conversion representing a sizeable cost saving.
  • All of the fourth floor apartments benefit from their own private terraces.
  • There is surface car park to the rear supplying 10 spaces.
  • There is potential to convert one of the 1-bedroom apartments on the third floor into a 2-bedroom apartment via way of a non-material amendment.
  • CIL liability £146,672.25.
  • A precedent for values within the building has very much been set, with prices exceeding £750 psf, therefore the GDV is in the region of £9,000,000.
  • Freehold for sale with vacant possession of the ground floor commercial element.
  • Offers In Excess of £3,750,000 (Three Million, Seven Hundred & Fifty Thousand Pounds) subject to contract.
View our current instructions or download our track record
View current instructions Download track record