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FOR SALE CONSENTED DEVELOPMENT OPPORTUNITY

91 BARRETT’S GROVEStoke Newington, London, N16 8AJ

Key Highlights• Development opportunity in Stoke

Newington, East London, within the London Borough of Hackney.

• The site extends to 0.09 hectares (0.23 acres) and comprises a former vehicle MOT garage and car park.

• Located approximately 0.5 km (0.3 miles) from Dalston Kingsland station and 0.8 km (0.5 miles) from Dalston Junction station.

• The site benefits from planning permission for the redevelopment of the site to provide a 4 to 6 storey scheme over three blocks, comprising of 23 residential units extending to 1,627 sq m (17,516 sq ft) NSA, and a ground floor B1 unit extending to 133 sq m (1,432 sq ft) GIA.

• Total combined scheme area of approximately 2,120 sq m (22,818 sq ft) GIA.

• For sale freehold with vacant possession.

CGI of consented scheme

SAVILLS LONDON33 Margaret StreetLondon W1G 0JD+44 (0) 20 7409 9993

MONTAGU EVANS 5 Bolton StMayfair, London W1J 8BA+44 (0) 20 7312 7487

Ordnance Survey © Crown Copyright 2020. All Rights Reserved.Licence number 100022432Plotted Scale - 1:12500. Paper Size - A4

Ordnance Survey © Crown Copyright 2020. All Rights Reserved.Licence number 100022432Plotted Scale - 1:1000. Paper Size - A4

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Site The site currently comprises a former vehicle MOT garage and car park on Barrett’s Grove. The garage is arranged over ground and mezzanine levels. The site extends to 0.26 acres (0.1 hectares).

The main access to the site is via Barrett’s Grove to the north, and there is an additional access to the south west via Pellerin Road.

The site is bounded to the north by Barrett’s Grove, to the east by 93 Barrett’s Grove, a mixed use development of 7 storeys fronting onto Stoke Newington Road, to the south and west by residential properties.

LocationThe site is located within the London Borough of Hackney. The site is situated on the southern side of Barrett’s Grove in Dalston, a residential suburb of East London. Hackney is bound by Stratford to the east, Camden to the west, the City of London to the south and Walthamstow to the north. The surrounding area is predominantly residential in character with commercial properties located on Stoke Newington Road, immediately to the east of the site, offering a wide range of amenities.

Dalston Kingsland Overground station is located 0.5 km (0.3 miles) south and provides access to Hackney Central to the east and Highbury & Islington, to interchange to the Victoria Line, to the west. Dalston Junction Overground station is located 0.8 km (0.5 miles) south and provides access to Shoreditch High Street to the south as well as Highbury and Islington. Both London Overground stations are situated in Zone 2.

Dalston is well connected to the surrounding areas and Central London via numerous buses including the 149 to London Bridge via Liverpool Street and the 76 and 243 to Waterloo via Moorgate Station.

DALSTON KINGSLAND

DALSTON JUNCTION

SAVILLS LONDON33 Margaret StreetLondon W1G 0JD+44 (0) 20 7409 9993

MONTAGU EVANS 5 Bolton StMayfair, London W1J 8BA+44 (0) 20 7312 7487

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PlanningThe property falls within the jurisdiction of the London Borough of Hackney. It is not within a Conservation area, nor is statutorily or locally listed.

The site benefits from planning permission (Ref: 2019/2872); Demolition of garage and redevelopment of the site for a mixed use scheme comprising 135sqm of B1 space and 23 residential units in three blocks ranging between six storeys and four storeys in height with associated landscaping

A schedule of accommodation setting out the proposed areas is provided below:

UNIT TYPE NO. OF UNITS

Private 19

Affordable 4

TOTAL 23

Section 106The planning is subject to a Section 106 Agreement. This requires the provision of four London Affordable Rent units, located in the standalone rear block. There is a contribution of circa £75,000 to include a Carbon Offset Payment and Section 278 works.

CILThe planning is subject to a combined Mayoral and Local CIL liability of £344,134.

FLOOR TOTAL GIA SQ M

TOTAL GIA SQ FT

NET RESIDENTIAL SQ M

NET RESIDENTIAL SQ FT

NET COMMERCIAL

SQ M

NET COMMERCIAL

SQ FTPRIVATE AFFORDABLE PRIVATE AFFORDABLE

Ground 494.1 5,318 142.1 100 1,530 1,076 133 1,432

First 454.7 4,894 306.6 89 3,300 958

Second 458.7 4,937 305.5 82.6 3,288 889

Third 414.9 4,466 265 103.5 2,852 1,114

Fourth 157 1,690 125 1,345 -

Fifth 140.5 1,512 108 1,163 -

TOTAL 2,120 22,818 1,252 375 13,479 4,038 133 1,432

CGI of consented scheme

SAVILLS LONDON33 Margaret StreetLondon W1G 0JD+44 (0) 20 7409 9993

MONTAGU EVANS 5 Bolton StMayfair, London W1J 8BA+44 (0) 20 7312 7487

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GROUND FLOOR - COMMERCIAL & RESIDENTIAL

1B unit

2B unit

3B unit

Workspace

Circulation and Ancilliary

Studio

SAVILLS LONDON33 Margaret StreetLondon W1G 0JD+44 (0) 20 7409 9993

MONTAGU EVANS 5 Bolton StMayfair, London W1J 8BA+44 (0) 20 7312 7487

savills.co.uk

FIRST FLOOR - ALL RESIDENTIAL (AS PER FLOORS ABOVE)

1B unit

2B unit

3B unit

Workspace

Circulation and Ancilliary

Studio

SAVILLS LONDON33 Margaret StreetLondon W1G 0JD+44 (0) 20 7409 9993

MONTAGU EVANS 5 Bolton StMayfair, London W1J 8BA+44 (0) 20 7312 7487

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

VATThe property is not elected for VAT.

Further InformationA dedicated project data room has been set up and interested parties are able to register for login details at:

www.savills.com/barrettsgrove

ViewingsViewings are strictly by appointment. Please contact either joint selling agents to make an appointment.

ContactSavills Alex Soskin+44 (0) 20 7409 9993+44 (0) 7967 555 705alex.soskin@savills.com

Sapphy Bond+44 (0) 20 7409 8802+44 (0) 7870 999 301sapphy.bond@savills.com

Montagu Evans Anthony Shaw+44 (0) 20 7312 7487+44 (0) 7818 012 464anthony.shaw@montagu-evans.co.uk

Sophie Wellesly-Wood +44 (0) 20 7312 7534+44 (0) 7392 139 433sophie.wellesley-wood@montagu-evans.co.uk

IMPORTANT NOTICEMaps are 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, published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

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 | March 2020