Land for sale
Key information
Property description & features
- Tenure: Freehold
• The 1.64 acre (0.66 hectare) site, currently occupied by several light industrial (B8) units, has the potential to provide a thriving new destination located directly on the Limehouse Cut canal, within the heart of one of East London's key regeneration areas.
• Existing leases on-site provide an income of £313,980 per annum The leases have recently been agreed for a 3 year term as of the 22nd March 2024. All leases have agreed a clause of a 6 month Notice Period, and as such vacant possession can be achieved within 6 months.
• Positive planning conversations with the London Borough of Tower Hamlets have supported a comprehensive redevelopment of the site to provide a residential-led scheme of up to 225 residential units which include 35% affordable housing.
• Situated within Zone 2 of London's transport network, offering convenient connections to central London via London's transport network.
• Potential for alternative uses on site, subject to necessary planning consents.
• Offers are invited for the freehold interest, on an unconditional, subject to contract, only basis.
The opportunity is located near the evolving locations of Bow, Canning Town and the more established Canary Wharf district, which is only 2 miles away. It is conveniently located approximately 8 miles from the City of London and 11 miles from London's West End.
The site is well positioned near the A12, the main road linking London to Essex and Eastern England. Over recent years, the local area has benefitted from significant investment. This has increased the level of new development occurring in the area, making the locality more attractive to both potential buyers and renters.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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