Redevelopment Opportunity | Vacant, 7 Thames Road, Barking, IG11 0HN

Description

The site is currently vacant.

It's previous uses were as a scaffolding yard and a small office unit for a flooring manufacturer.

The sites to the east (9-15 Thames Road) are low rise warehouse units with a variety of industrial uses.

Thames Road is the primary access route and is served by the EL3 Transport for London bus route.

The site is positioned within the emerging Thames Road masterplan area, set to deliver 2,000 new residential units as part of the wider London Riverside Opportunity Area delivering 44,000 new dwellings.

The site occupies the westernmost plot of the co-location zone within the LB Barking & Dagenham's draft masterplan and is designated as a co-location zone of both commercial and residential uses.

Location

7 Thames Road is located within the London Borough of Barking & Dagenham, south east of Barking town centre, south of the A13.

The Barking Riverside masterplan development is located south east of the site.

The site is bounded to the south by Thames Road and to the west by Radford Way.

7 Thames Road, is part of the River Road and Thames Road Industrial Estate located south of Barking Central.

Key Features

Resolution to grant planning permission for a residential development
Asset repositioning opportunity
Existing plot of 0.98 acres (0.4ha) with existing buildings totalling c.7,427 sq ft
Freehold for sale
On behalf of Administrators

Planning

A full planning application for the demolition of existing buildings and structures and the construction of a building ranging from part 6 storeys to part 14 storeys to provide 131 residential units and industrial space (use classes E(g), B2 and B8) at ground and first floor.

The proposals include the delivery of landscaping and public realm, play space, access, car parking and other associated and ancillary works.

The scheme provides 35% affordable housing provision onsite.

Tenure

The land is held Freehold under title EGL370543.

The property is available with Vacant Possession.

The subject property is for sale via informal tender, unless sold prior. The vendors reserve the right not to accept the highest, or indeed, any offers submitted.

Legal Costs

Each party to bear their own legal costs.

VAT

The property is elected for VAT.