Roding Lane North. Woodford IG8 8ND FREEHOLD RESIDENTIAL DEVELOPMENT SITE WITH PLANNING PERMISSION FOR 28 HOUSES ON THE OUTSKIRTS OF WOODFORD

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1 FREEHOLD RESIDENTIAL DEVELOPMENT SITE WITH PLANNING PERMISSION FOR 28 HOUSES ON THE OUTSKIRTS OF WOODFORD

2 Summary Summary Located on, Location Surrounded by fields to the south and Clayland Woods and Clayland Hall to the north Within 1 mile of the M11 and North Circular and within 1.5 miles of and Chigwell tube stations Site area 1.6 ha (3.95 acres) Planning consent (subject to Section 106 and 278) for 28 houses including: Description Planning Accommodation Tenancy Info Proposal - 6 x 2 bedroom houses - 4 x 3 bedroom houses - 18 x 4 bedroom houses Further Info Contact Total proposed development of approx 3,884sqm GEA (41,808sqft GEA) t Previous Page Next Page u

3 Location Location The site is located on in the London Borough of Redbridge to the south of Bridge and to the east of. Access to the site is taken from. Directly to the north of the site and abutting the northern boundary is ELHAP which is an adventure playground for children, young people and adults with disabilities. To the southern boundary are school playing fields, to the east is an area of over grown land which is separate ownership to the subject site and to the west is Roding Land North. Opposite the current entrance of the site on is a garden nursery. The site is located within 2 miles north east of the Chigwell interchange which connects the area to the M11 and A406 North Circular. tube station is within 1.5 miles west of the site and Chigwell tube 1.5 miles north of the site.

4 Description Summary Location Description Planning Accommodation Tenancy Info Proposal Further Info The site measures approximately 1.6 ha (3.95 acres) and is broadly a uniform square shape. It is currently occupied by a variety of light industrial uses, storage buildings and temporary objects such as large containers. The majority of the buildings and structures are located on the north western part of the site. Temporary objects such as a number of large shipping/storage containers and a scaffold company and associated equipment occupy the southern part of the site which is not due to be developed on. To the eastern end of the site is a car parking area which is used for car storage. The ground covering is either broken hardstanding, uneven tarmac or gravel. Main frontage and access is currently taken from which bounds the western boundary of the site. Contact Click to download an existing site plan t Previous Page Next Page u

5 Planning The site has a resolution to grant planning permission subject to completion of the Section 106 and 278 agreements, from Redbridge Borough Council (granted 23rd February 2012) under planning reference 1764/11 to: Planning Demolish existing buildings. Erect twenty eight residential dwellings comprising six 2-bedroom, six 3-bedroom and sixteen 4-bedroom. New access onto, associated car parking, new landscaping and other engineering works. Please note that despite the above text on the planning committee report, the resolution to grant planning (subject to 106 and 278) allows for a mix of 6 x 2 bedroom houses, 4 x 3 bedroom houses and 18 x 4 bedroom houses. The Section 106 and the 278 have yet to be formally agreed. The Section 106 relates to the affordable housing provision for the site which has been informally agreed at 5 units 4 shared ownership and 1 social rented and they will be located in plots 2-6. Redbridge Borough Council operate a Community Infrastructure Levy (CIL) which has been calculated and informally agreed at below 50,000 for this planning permission. Details of the CIL can be provided on request.

6 Accommodation Summary Location Description Planning Accommodation Tenancy Info Proposal Further Info Contact The scheme will be situated in the north western part of the site leaving the surrounding areas as landscaped green field land. A childrens play area is proposed to the north eastern boundary of the site. The planning consent allows for 28 new build houses which will all be semi detached or terraced in design and will all come with dedicated parking. There are a total of 44 proposed parking spaces throughout the development. The proposal allows for a total of 41,808 sqft (GEA) of residential development over ground, 1st and 2nd floors. The 28 houses will consist of: 6 x 2 bedroom houses 4 x 3 bedroom houses 18 x 4 bedroom houses There are 10 different house types all of which can be found by clicking below. Click to download the schedule of accommodation Click to download the different house types t Previous Page Next Page u

7 Tenancy Information There are currently 5 tenants in situ on site producing an annual income of 116,000. A further 3 units are vacant. The landlord has a right to serve notice to terminate the leases with the maximum notice period of 4 months. All tenancies have been agreed outside of the 1954 Landlord and Tenant Act. Tenancy schedule: Tenancy Info No. Building Tenant Sq Ft Start Date Expiry Date (Break Option) Gross Rent /pa( /Sqft) 1 Container Storage Self Storage Ltd ,000 2 Works Patrick Kelly 3, ,000 3 Workshop (Claybury Hall Farm) Paul Marsh/W.J.Cox ,000 4 Works Transcity Centre Ltd ,000 5 Claybury Hall Farm Vacant 11,125 6 Auxillary Offices Vacant 7 Carwash Redbridge Car Wash ,000 8 Carwash Auxillary offices Vacant 116,000 Comments 4 months notice to vacate 3 months notice to vacate 3 months notice to vacate 10k Rent Deposit 3 months notice to vacate

8 Proposal Summary Unconditional offers are sought. Location Proposals are to be submitted at this office marked for the attention of Tim Barton-Knott, marked Land at,, IG8 8ND. Description Planning Accommodation Tenancy Info Proposal Further Info Contact All proposals should include the following: Proof of cash funding offers will not be considered without proof of cash funds to complete the purchase; Purchaser, including any relevant background and track record information; Board approvals, details of any outstanding approvals necessary to proceed with the purchase and likely timescales involved; Timetable for exchange of contracts and completion; Any conditions including surveys; Details of solicitors. The selection procedure will be based upon the level of offer, payment terms, funding, track record, and level of due-diligence carried out. There is no obligation on the vendor s behalf to accept the highest offer made. t Previous Page Next Page u

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15 Further Info Further Info

16 Contact Jonathan Vandermolen Land and Investment T: Tim Barton-Knott Land and Investment T: Blenheim Bishop 55 South Audley Street London W1K 2BL Contact MISREPRESENTATION ACT: Blenheim Bishop for themselves and for the vendors of this property whose agents they are, give notice that The particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and their details are given in good faith and are believed to be correct,, but any intending purchasers should not rely on them as statements of representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Unless otherwise stated, all prices, rents, and other charges are quoted exclusive of VAT. Any intending purchasers or tenants must satisfy themselves independently as to the incidence of VAT in respect of any transaction. All plant, machinery, equipment, services and fixtures referred to in these particulars were present at the date of publication. They have not however been tested and therefore we give absolutely no warranty whatsoever in relation to this property or these particulars nor enter into any contract on behalf of the vendors. No responsibility can be accepted for any expenses incurred by the intending purchasers in inspecting the properties which have been sold or withdrawn Created for Blenheim Bishop by Design for Life