November 2020: Tuesday 03 November 2020 - 9:00am
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    Key features

    • A vehicle depot including a petrol filling station forecourt.
    • Occupying a site of approximately 0.093 hectare (0.229 acre)
    • Pre-Application for 26 flats (9 x one bedroom,9 x two bedroom, 8 x three bedroom flats)
    • Currently let at £70,000 plus VAT per annum

    Description

    The property consists of a vehicle depot including a petrol filling station forecourt.

    There is a building that provides a main reception area with a rear office area.

    The petrol station canopy pumps and tanks remain in-situ.

    Additional information

    Tenure

    Freehold

    Accommodation

    Accommodation

    Retail/Office Area 684 Sq ft

    Washbays 872 Sq ft

    Total 1556 Sq ft

    Total Site Area Approximately 0.229 acres

    Tenancy

    The site is let to Europcar Group UK Limited for a term of 10 years from 11th February 2016, at a rent of £70,000 plus VAT per annum. The tenant has exercised the break option in Clause 5 of the lease. The break date is 10 February 2021. 


     A schedule of dilapidations has been served on the tenant on the 27th April 2020 date for the sum of £212,503. 

    Planning

    A Pre-Application report has been prepared on behalf of Seller. The scheme proposes the demolition of the existing garage forecourt and workshop building on the site, and the erection of a new residential building, including 26 residential (C3) units.The proposal will range in height, between 4 to 5 storeys and includes private amenity space, waste and cycle storage and associated landscaping within the extent of the site. The proposal is for a car free scheme entailing the redevelopment of the site to provide 26 residential dwellings with associated cycle parking and landscaping provisions.


    If granted a consented scheme would consist of 9 x one bedroom,9 x two bedroom, 8 x three bedroom flats.


    The pre application submission and feedback reports from Newham are available in the dataroom.


    The site has had a number of previous planning consents to redevelop the current forecourt and workshop. Please see further details below:


    Planning Ref: 04/1241

    Description: Demolition of existing buildings and erection of a four-storey development of 14 new flats with 9 no. car parking spaces.

    Approved: 17th November 2004


    Planning Ref: 07/01106/FUL

    Description: Demolition of existing buildings and erection of a three storey development of 14 new flats and 5000 sqft of A1 retail space.

    Approved: 19th October 2007


    Planning Ref: 19/02128/PREAPP

    Description: Proposed 110sqm of commercial space and 24 new dwellings across 5 storeys. Proposal amended to 26 new dwellings across 5 storeys.

    Feedback received: 4th September 2019 and 21st October 2019


    Information pertaining to all the above applications is available in the dataroom.

    Notes

    Joint Agent


    Iain Currie

    Residential Development

    Savills,

    61 Wallis Road,

    Hackney

    Wick,

    London,

    E9 5LH

    iain.currie@savills.com


    VAT is applicable on the site but the sale may be treated as a TOGC, please refer to the Special Conditions

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      Local information

      East Ham is a district of the London Borough of Newham, 8 miles east of Charing Cross

      The site is located conveniently to the shopping, restaurant and bars amenities of Barking Road

      The site itself is at the junction with Park Avenue and the surrounding area provides a variety of commercial uses fronting the A124 with residential beyond.

      Barking Road Recreation Ground is in close proximity offering leisure and recreational opportunities

      Surrounded by ample transport links making commuting in and around London easily accessible

      The site being in walking distance of East Ham train station.

      Transport

      East Ham (District) (Hammersmith & City)

      North Circular Road A406

      Barking (Overgound) (c2c)

      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.

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