An exciting development opportunity in a thriving part of east London, with potential for either a commercial or residential-led scheme, situated in a well-connected and rapidly regenerating area.
• Bethnal Green is a diverse and vibrant area which benefits from excellent connectivity across London whilst also being in close proximity to many popular cultural and leisure hubs such as Shoreditch, Spitalfields, Stratford and Hackney.• The Site currently comprises a four-storey industrial warehouse (use class B1) with rear courtyard containing a separate two-storey masonry building and single-storey workshop, totalling 24,520 sq ft GIA (19,830 sq ft NIA).• There is extant planning permission for the addition of a basement and ground plus five storey building to the rear to provide 73,800 sq ft GIA (53,670 sq ft NIA) of office accommodation and flexible retail space at ground level (Reference: PA/17/01732).• Buckley Grey Yeoman (BGY) architects have produced a feasibility study supporting a residential-led scheme comprising 49 units (14 x 1-beds, 26 x 2-beds and 9 x 3-beds) and 3,208 sq ft NIA of commercial space, set across ground plus six storeys, totalling 46,941 sq ft GIA (44,626 sq ft NIA).• Planning consultants DP9 have provided a positive planning statement which supports the scheme and demonstrates how it adheres to the planning context of the site.• Offers are invited for the freehold interest on an unconditional, subject to contract, only basis.
The Site is located a one-minute walk (100 metres) from Bethnal Green Underground station (Central Line and Overground) and an eight-minute walk (0.4 miles) from Cambridge Heath station (Overground).London Borough of Tower Hamlets (LBTH) is one of the most diverse boroughs in London, and enjoys a broad range of cultural and leisure opportunities with popular hubs such as Shoreditch, Spitalfields, Stratford and Columbia Road all within walking distance of the Site.The immediate area also benefits from a wealth of restaurants, cafes and bars particularly along Bethnal Green Road as well as in the neighbouring railway arches of Paradise Row.The area enjoys an abundance of green spaces with Victoria Park, the Queen Elizabeth Olympic Park and the Hackney Marshes all within close proximity of the Site.