NOW WITH VACANT POSSESSION THIS PROPERTY IS AVAILABLE AT £105,000 OR TO THE HIGHEST BIDDER AT AUCTION ON THURSDAY JUNE 16TH 2011 FOLLOW LINK BELOW FOR DETAILS SEE http://www.a-r.co.uk/auction-dates
255 Sprowston Mews, London This plot is in a rare underdeveloped mews in a good location with full planning permission extending beyond 2012. It is currently rented as a mechanic's workshop thus producing an income. The lease is reviewed each September. The site area is approx 110 sq.m.h e Planning consent The site has two current planning consents 1. A 165 s.m live work unit. Consent runs until September 2012 2. A 165 sq.m four bedroom residential unit. Consent runs until May 2013. Note: further consent may be possible for a development of a similar size comprising 3 x 1 bed flats.. It would ideally suit a designer/maker or self builder who would be able to benefit from the long term development of the area. We can't wait till then so are selling up. We challenge you to find a site as central and so competitively priced!! The site is close to Stratford international and the Olympic Village. Forest Gate is also one of the stations on the new crossrail route. http://www.crossrail.co.uk/the-railway/crossrail-maps Newham has just released a revised planning guide for the future of the area, Sprowston Mews is one of the five targetted areas for improvement. http://www.newham.gov.uk/Planning/LocalDevelopmentFramework/ForestGateSPD.htm The site will now be offered at auction on 16th June 2011 if not sold prior See andrews and robertson auction site for details Proposed plan - click to down load pdfs
	Consented planning drawings can be downloaded Proposed plans Other of our current sites can be found here http://www.urbanmesh.com/simplycrafted.htm You can contact us at Oliver@urbanmesh.com T. 020733606661 M. 07905 001 885
Additional responses to queries received on the plot are listed below - Location and nature 1. The site is 1 mile from Stratford International 2. The site is 500m from 2012 crossrail link at Forest Gate 3. Note that the site has a large south facing garden. the plot size is deeper than ther existing building. Value 1. Planning permission is for 165sq.m of live work floorspace. You must make your own enquries for sq,m floor values in the area and note that these would be slightly discounted for the current state of the Mews. This is reflected in the asking price for the site. 2. A smaller adjacent plot with no garden and no planning permission sold in April 2009 for £100,000 3. As a rental investment, we would expect to achieve a rent on the property of £650 pcm 4. Yield at current asking price would then be 7.8% for a site that has benefit of planning permission and general aera uplift Planning FAQs Q Can I convert the existing building to residential use? A Bearing in mind the consent for soley residential development this may be possible. Floorspace of the existing building is 59 sq.m at ground floor with a similar area on first floor, approx 25 sq.m of which has adequate headheight for occupation. Q How long does planning consent last for? A Development must commence within 3 years of the consent.