November 2021: Wednesday 10 November 2021 - 9:00am
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    Key features

    • A prominent corner site with development potential
    • Lapsed planning permission for redevelopment to provide eight flats and two commercial units
    • Potential for an improved scheme subject to the necessary consents
    • Very close to the University of East London and 10 minutes to Liverpool Street
    • Currently arranged as a terrace of three, two storey mixed use buildings with a single storey shop and rear yard.
    • Approximate site area 440 sq m (4,736 sq ft)
    • Vacant

    Description

    Currently a terrace of three, two storey mixed use buildings with a commercial building and rear yard.

    A corner plot with a site area of approximately 440 sq m (4,736 sq ft)

    Additional information

    Tenure

    Freehold

    Accommodation

    Existing Accommodation:

    Number 2 - Lock up shop and rear yard.

    Number 4 - Ground floor lock up shop with a three bedroom maisonette arranged over part ground and first floor.

    Number 6 - Three bedroom house arranged over ground and first floors

    Number 8 - Ground floor lock up shop with a three bedroom maisonette arranged over part ground and first floor.

    Rear open yard area.

    Planning

    Planning permission was granted (now lapsed) by Newham Council (Ref: 10/02294/FUL) for the demolition of the existing buildings and the erection of a new three storey development to comprise two commercial units on the ground floor (A1,A2,B1,B8) and 8 self-contained flats over the two upper floors ( 4 x 1 and 4 x 2 beds). It is considered that the site may be suitable for a revised scheme, interested parties must rely on their own enquiries in this regard.

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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

      Located within a popular residential area just to the east of Statford Centre, approximately 5 miles east of the City.

      Situated in a prominent corner position at the junctions with Water Lane and Cedars Road.

      The University of East London is within 200 yards of the property.

      Local amenities are on Romford road with wider facilities available in Stratford Centre.

      Maryland Station is less than half a mile distant and provides a direct link to Liverpool Street with a journey time of approximately 10 minutes.

      Recreation amenities can be found at the Queen Elizabeth Olympic Park.




      Transport

      Maryland Station - 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