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For Sale: 3 Acres of Land, New Development site, Leyton, London

GBP 42,000,500
London, Leyton
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Details
  • Tenure: Freehold
  • Location: London
  • Land Size: 3 Acres
  • Expected GDV: £ 240,000,000
  • Planning Status: No Planning
  • Description: The owners wants a STTP ratchet down deal and feasibility study suggests 700 – 1500 units achievable. Owners looking at between £ 60k – £70k per unit. The plots are owned by a group of individuals in one of the largest regeneration areas of London (Lea Valley) • A full regeneration programme is outlined for the area and will be overseen by the Mayor of London. • It is understood that the potential buyer would have the opportunity to build out the project first over the other land plots. • General outline planning scheme has been discussed with the council and a master plan is due to be approved by Sept 2019. • Waltham Forest Council recently hired a new person within the Planning team with a mandate to push this regeneration project forward. If 700 units are permitted then the land owners will be looking for a minimum of 42m for the whole site.
No Planning Information
  • Land Belt: No Belt
  • Does The Land Have A Option Price: No
Land Checks
  • Is anything under the ground: Yes
  • Underground Description: All Utilities
  • Is the land Landlocked: No
  • Is Gas and Electric Early Accessible on from road: No
  • Has the land been Surveyed: No
  • Tree Preservation Orders (TPOs): No

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Country: United Kingdom
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Property Id : 21671
Price: GBP 42,000,500
New Development
Higher Return on Investment
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