7 Thames Rd 7,427 SF Flex Building Barking IG11 0HN $8,317,721 CAD ($1,119.93 CAD/SF)
INVESTMENT HIGHLIGHTS
- Good road connections
- Close to Barking Beach
- Amenities nearby
EXECUTIVE SUMMARY
The site is currently vacant. Its 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.
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.
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.
PROPERTY FACTS
| Price | $8,317,721 CAD |
| Price Per SF | $1,119.93 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Tenure | Freehold |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 0.98 AC |
| Rentable Building Area | 7,427 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1975/1990 |
| Tenancy | Single |
| Parking Ratio | 0.67/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
AMENITIES
- Bus Line
- Fenced Lot
- Signage
1 of 1
