Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a single commercial unit arranged over ground floor only.
Previously used as retail/office space. The unit is accessed from Grays Inn Road at both ends and therefore could be sub-divided to provide multiple units (subject to planning).
The property is in need of refurbishment and could suit a number of conversion or redevelopment opportunities, with extant and lapsed planning consents including multiple storey developments.
There is extant planning consent (Reference: 2017/6230/P) for the demolition of the existing building and erection of a three storey building, please see the planning section below for more information.
The property enjoys high footfall by virtue of its prominent position on Grays Inn Road and is set to benefit from considerable redevelopment and investment in the area. Most notably 256 Grays Inn Road, which is undergoing a comprehensive redevelopment to provide a new, £280m, neuroscience centre. It is envisaged the development will accommodate over 1,000 staff and patients on a permanent basis, as well as a number of large lecture halls, all of which will lead to a dramatic increase in local footfall.
Tenure
Freehold
Planning
The property has planning consent (Reference: 2017/6230/P) for the demolition of the existing building and erection of a three storey building.
Plans have also been drawn up for the demolition of the existing building and the development of 3x "Live/Work" Units, each including both residential and office space. CGI images of this potential development are available. No planning application has been entered.
The property has a number of lapsed consents for developments of various sizes, please see the London Borough of Camden Planning Portal for more information.