Inner London Freehold two storey building with B1/D1 Use
(with development potential STP) offered with vacant possession
We are delighted to offer this Freehold two storey building with B1/D1 Use (with development potential STP)
Located in Stoke Newington a short distance from Stoke Newington Station with access to London Liverpool Street.
Offering 673 sq m (7,244 sq ft) Gross Internal Area, 600 sq m (6,458 sq ft) Net Internal Area
Offered with vacant possession
The property is situated on the eastern side of Wilmer Place to which the site has a frontage of approximately 24m and a total depth of approximately 24m. The site area extends to 0.0545 hectare or 0.1346 acres.
Wilmer Place is a cul-de-sac off Stoke Newington Church Street, close to its junction with Stoke Newington High Street. A multitude of local shops are available and Stoke Newington Rail Station is situated a short distance to the north, where services are available to Liverpool Street Station.
The property is situated in an improving mixed locality. A new development known as The Cotton Exchange which is adjacent, is in the final stages of construction. This will provide 35 one and two bedroom apartments.
This is a two storey detached building constructed, we believe in 1988 for use as offices.
The external walls are of cavity construction with a facing brick and some infill rendering. The main roof is timber framed, ridged and covered with slates.
Ceilings are mostly suspended with acoustic tiles and the floors are of solid construction. There are 5 car parking spaces at the front of the site.
The approximate Net Internal Floor Areas (NIA) are as follows:
Ground Floor - 295 sq m / 3,175 sq ft
First Floor - 305 sq m / 3,283 sq ft
Total - 600 sq m / 6,458 sq ft
The approximate Gross Internal Areas (GIA) is
673 sq m / 7,244 sq ft
We believe planning permission was granted in 1988 for the construction of a two storey office building. In 1994, a change of use was granted on the first floor to a D1 Use and has been used as a Local Heath Team base. The property comes within the Stoke Newington Conservation Area. Applicants should make their own enquiries with the local authority (Hackney).
The property is assessed in the London Borough of Hackney and with effect from 1st April 2017, the Rateable Values are as follows:
Ground Floor "Offices & Premises" - Rateable Value - £49,250
First Floor "Offices & Premises" - Rateable Value - £54,500
5 Car Parking Space - Rateable Value - £2,000
Freehold - offered with vacant possession at the end of May
Offers in excess of £2.5m (two million five hundred thousand pounds) are invited for the freehold interest with Vacant Possession by way of an Informal Tender
Offers are to be received at the offices of Davis Brown by 12noon on Monday 5th June 2017
Davis Brown for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers, or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Davis Brown or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property; (iv) all rentals and prices quoted are exclusive of VAT (if chargeable)
SUBJECT TO CONTRACT