December 2022: Wednesday 14 December 2022 - 9:00am
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    Key features

    • Of interest to developers and owner occupiers
    • A site extending to approximately 21,780 sq ft (0.5 acres)
    • Comprising light industrial buildings, offices, workshops extending to approx. 7,200 sq.ft. and car parking
    • Redevelopment potential subject to consents.
    • Redevelopment potential subject to consents; a scheme comprising 34 residential units has been drawn up.
    • Currently let on a short term agreement with vacant possession on completion of the sale

    Additional information

    Tenure

    Freehold

    Tenancy

    The entire site is subject to a lease where the rent has been £60,000p.a. which expires upon completion of the sale, and as such the property will be sold with full vacant possession. It should be noted that the outgoing tenant would like to stay in occupation, which offers opportunity to re-agree new terms should this be required.

    Planning

    The property offers potential for comprehensive redevelopment by way of either a fully residential or mixed-use scheme, subject to obtaining the necessary consents. A feasibility study has been prepared which shows how the site can be redeveloped with a

    4-storey new build scheme comprising up to 34 residential units. There may be potential to increase upon this if the neighbouring Juniper Close access road, which is in private ownership, were to be utilised. Contact Redbridge Council on 020 8708 2884 for all planning enquiries The property benefits from B1(c) light industrial use, made up of warehouse and ancillary office space.

    Rent

    £60,000 per annum
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located on Grove Road in Chadwell Heath.

      The Local Authority is The London Borough of Redbridge.

      The immediate area comprises predominantly residential uses with some local amenities available further along Grove Road.

      To the rear of the site is Chadwell Heath Academy and Christie Gardens Park.

      Both Chadwell Heath and Goodmayes Stations are located 0.8 miles to the south of the site (circa 15 minute walk), providing TfL rail services into London Liverpool Street in 25 minutes

      Transport

      Chadwell Heath and Goodmayes Stations - National Rail

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums