Location
The property is situated in a prominent location on Beehive Lane (B192) at the junction with Eastern Avenue (A12) in a popular residential and commercial area. Gants Hill station which is on the Central Line is 0.3 miles away to the east and provides a regular service into central London. Within the immediate surrounding area is a mix of independent traders, offices, and residential property.

Please note all distances given are approximate only.

Description
In its current form the property consists of two commercial units on the ground floor and one flat at first floor level which fronts onto Beehive Lane. At the rear of the site, accessed via Eastern Avenue, is a garage, car parking and storage area.

See brochure for existing accommodation schedule.

Development
The London Borough of Redbridge planning department have granted approval under reference 3209/20 for the demolition of the existing structure and erection of a four-storey building containing 2 retail units and 9 self-contained flats. The approval was granted in December 2020.

We understand that there is no S106 payment due. It is anticipated the CIL payment will be approximately £34,125. All interested parties are advised to verify these figures with the London Borough of Redbridge planning department.

Subject to obtaining appropriate consents there is potential to improve the planning by adding additional units and massing to the proposed scheme with an additional floor.

See brochure for proposed accommodation schedule.

Terms
Offers are invited in excess of £1,500,000 subject to contract.

Tenure
The freehold interest is to be sold with full vacant possession.

VAT
We understand that the property has not been elected for VAT.

Data Room
A data room has been set up and access is available on request.

Viewings
Viewings are strictly by appointment through sole agents Harston&Co.