FOR SALE FREEHOLD - HOTEL DEVELOPMENT OPPORTUNITY
292-294 PLASHET GROVE, LONDON, E6 1DQ

Key Features

•  'Car Free' Development

Location

Located towards the southern end of Plashet Grove (B165) near to it's junction with High Street North (A117) in the London Borough of Newham. It is adjacent to Plashet School to the west and broadly opposite The Sri Mahalakshmi Temple.

East Ham Station is within 0.1 miles (3 minute walk). The property has a PTAL score of 6a.

Accommodation

Currently a 3-storey office block c. 5,258 sq. ft NIA on a site area of 522.9 sq. m that is fully let and generating a combined gross income of £171,000.00 p.a. The site benefits from full planning permission (subject to S106 and CIL), granted on 26th Jan 2024 under ref 21/02657/FUL for the redevelopment of the site into a new 7-storey building with basement proposed as a 101-bedroom hotel. Proposed GIA of 2,645 sq. m / 28,470 sq. ft.

Price

Rates

Energy Performance Asset Rating

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VAT

Value Added Tax (VAT) is not applicable in relation to the sale of this property.

Legal Costs

Each party to bear their own legal fees.

Viewing

Strictly by prior appointment with sole selling agents Taylor Freeman Kataria

Contact:

Rajiv Kataria MRICS

Rajiv@cliffords-estates.co.uk

Priya Parmar MRICS

PParmar@cliffords-estates.co.uk