256 High Road Loughton - Property Search - Savills

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Residential Development Opportunity Former Royal Mail Delivery Office 256 High Road, Loughton, IG10 1RG

 A development opportunity located in Loughton within the jurisdiction of Epping Forest District Council.  A 0.16 hectare (0.39 acre) site that consists of a former Royal Mail sorting and delivery office.  Approximately 900 metres north of Loughton Underground station (Central Line). Savills 33 Margaret Street London W1G 0JD

+44 (0) 207 075 2860 savills.com/256highroad

 The site benefits from pre-application discussions with Epping Forest District Council for a scheme comprising 25 residential units with a Net Sales Area of 1,628 sqm (17,528 sq ft) and associated parking and cycle stores.  For sale freehold.

Location The property is situated on the western side of the High Road in Loughton, a residential suburb of North East London. Loughton is situated to the south of Theydon Bois and to the north of Buckhurst Hill. It is bounded by Epping Forest to the west and the River Roding to the east. The immediate surrounding area comprises a mixture of office, retail and residential accommodation. The High Road offers a range of shops, cafes and restaurants including Sainsbury’s and Morrisons supermarkets. Loughton Leisure Centre and Loughton Cricket Club are approximately 300 metres to the north west and West Essex Golf club is approximately 1.8 miles (2.9 km) to the west. Epping Forest can be found approximately 500 metres west of the site and provides a large area of public open space, woodland and lakes. The site is well served by public transport located approximately 900 metres north of Loughton Underground station which offers Central Line Underground services to Stratford (20 minutes), Liverpool Street (29 minutes) and Oxford Circus (39 minutes) (source: TFL). Loughton is served by a range of bus routes connecting the area to Woodford to the south, Theydon Bois to the north and Chigwell to the east. The site also benefits from excellent access to the national motorway network being situated approximately 1.3 miles (2.1 km) from junction 5 of the M11, and approximately 3.3 miles (5.3 km) from junction 27 of the M25.

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The site comprises a secure single storey former Royal Mail sorting and delivery office with associated staff facilities over two storeys. The site extends to approximately 0.16 hectare (0.39 acre). A brick built double bay garage is located in the north east corner of the site. The gated yard has capacity to accommodate approximately 23 vehicles previously used for parking and loading. The vehicular access to the site is off the High Road between properties 252 and 258 High Road.

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Loughton Methodist Church

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The site is bounded by a large Morrisons store and car park to the south and west. Loughton Methodist Church and Hall to the north and the rear of properties 252 High Road and 258 High Road to the east providing retail with residential accommodation above and associated garages behind.

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Description

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NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd.NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

Planning The property falls within the jurisdiction of Epping Forest District Council. None of the buildings on site are statutorily or locally listed and there are no listed buildings in the immediate vicinity, nor is the site located within a Conservation Area. A planning application was refused consent in October 2016 for a six storey residential scheme to provide 30 residential units. The reasons for refusal were:  Height, bulk, scale and unsympathetic design in relation to

surrounding buildings.  Overshadowing of windows and space in relation to the

Loughton Methodist Church and Hall.  A copy of the full decision notice is available in the dataroom.

Robert Hutson Architect’s impression of the revised scheme

A further pre-applictaion meeting was held with the Local Planning Authority in April 2017 to discuss a revised scheme produced by Robert Hutson Architects which sought to address the reasons for refusal. This scheme proposes the redevelopment of the site to provide 25 residential units (10 x 1 Bed, 13 x 2 Bed, 2 x 3 Bed) with a Net Sales Area of 1,628 sq m (17,528 sq ft) and 23 car parking spaces. The scheme extends to five storeys in height, with the height and massing reduced in sections of the site close to neighbouring properties. Epping Forest District Council provided positive feedback on the revised scheme. A formal pre-application response will be made available in the dataroom when it is received.

Robert Hutson Architect’s impression of the revised scheme

Method Of Sale The property is for sale freehold with vacant possession by way of informal tender (unless sold prior).

EPC 256 High Road has been classified as having an EPC rating of D 100. The full EPC reports are available on the dataroom.

VAT All offers should be exclusive of VAT which may be charged on the purchase price.

Viewings Viewings are strictly by appointment. Please contact the sole selling agents to make an appointment.

Further Information Further technical information relating to the property is available at www.savills.com/256highroad

Contact Alex Soskin +44 (0) 207 409 9993 [email protected]

Nick Walker +44 (0) 1245 293 250 [email protected]

Hugh Bushell +44 (0) 207 075 2860 [email protected]

Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | May 2017