Description
is pleased to present an exclusive, off-market opportunity for discerning investors. This is a rare chance to acquire a prime development site with full planning consent for a 21-storey residential tower in Poplar, East London, E14. The site is situated on a wharf along the River Lea, with unobstructed river views, offering significant development potential in an area poised for regeneration.
Key Highlights:
Planning Consent: The site has full planning permission for the construction of a part 13/part 21-storey tower, consisting of 133 residential units and 3,777 sq ft of flexible commercial space on the ground floor.
Location: The property is located in a primarily industrial area with direct frontage onto the River Lea, just 0.1 miles from the A12 and close to key transport links.
Development Potential: The development is designed to be the tallest in the River Lea Regeneration Zone, featuring 133 units, including 31 affordable housing units. The projected Gross Development Value (GDV) is approximately £54.26 million.
Market Opportunity: With a valuation of £14 million in 2020, the vendor is seeking offers north of £10 million, presenting a compelling investment with significant upside potential.
Strategic Location: Neighboring developments, including a major project by a Chinese property company, underscore the strategic importance of this area for future growth.
Investment Summary:
Site Area: 0.44 acres / 0.18 hectares
Proposed Floor Area: 91,342 sq ft (Net Internal Area)
Development Costs: Estimated at £187 per sq ft
Market Rent on Completion: £2.595 million per annum
Planning Reference: 19/01481/FUL
This is a discreet offering; as such, all interested parties will need to sign a non-disclosure agreement (NDA) before further details can be disclosed.
Contact Us:
For more information and to arrange a private consultation, please contact . This is a strictly off-market opportunity, and we are committed to maintaining the confidentiality of this exclusive listing.
Note: Please ensure that all communications regarding this property remain confidential and are conducted through authorized channels.
