320 New North Rd - Office FOR SALE


Ilford, LND IG6 3BU
$11,000,000 USD
320 New North Rd, Ilford, LND for Sale
$11,000,000 USD
Office - FOR SALE
1/8
null | Request Cap Rate

320 New North Rd
Ilford, LND IG6 3BU


HIGHLIGHTS

  • Development opportunity in Hainault, in the London Borough of Redbridge
  • The site extending to 1.06 hectares (2.64 acres) comprises a 47,511 sq ft office building.
  • Planning permission for the site was granted on the 20th of December 2024

OVERVIEW

The existing property comprises an office building over ground and first floor extending to approximately 4,414 sqm (47,511 sqft) GIA (source: EPC Register). The property is currently occupied by a Charity (Food For All) at zero rent. There is an opportunity for the landlord or tenant to terminate the lease after a period of nine months from this date by serving a break notice. Planning permission for the site was granted on the 20th of December 2024 for: “The demolition of the existing building an structures. Redevelopment of site to provide two buildings of up to four-storeys to contain 34no. flats and 52no. single dwelling houses with associated landscaping works, car parking, cycle parking, refuse, plant, substation and communal amenity space.” 34 affordable apartments (29,936.1 sq ft) NIA 52 Houses (64,486.5) GIA

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$272 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Capital Gate

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

C

APN/PARCEL ID

BGL145958,EGL77849,EGL84374

ASK ABOUT THIS PROPERTY

Edward de JongeSavillsMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Edward de JongeSavillsMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.