Durning Hall Development Opportunity
Project Overview Welcome to an exciting investment opportunity with Olympus Developments – the Durning Hall Development. This project represents a highly prominent and strategic investment in London’s vibrant East End. Situated adjacent to Forest Gate Crossrail station, this 0.59-acre freehold site offers a range of possibilities, including residential, retail, and community-focused spaces. With full planning permission for a 10-storey development accommodating 78 residential units, retail space, and community facilities, this project promises both financial potential and community impact.
Property Details
- Size: 0.59 Acres
- Address: Durning Hall, Earlham Grove, London, E7 9AB
- Property Type: Retail, Flat, Residential Land, Leisure Property, Other, Residential, Licensed & Leisure, Other Property Types & Opportunities
- Tenure: Development Opportunity
Key Highlights
- Prime Location: This development is strategically located adjacent to Forest Gate Crossrail station, offering an unbeatable 13-minute journey to Liverpool Street and just 21 minutes to Bond Street. It’s a prime spot for commuters and residents alike.
- Planning Permission: The site comes with full planning permission for the construction of buildings of up to 10 storeys. This will house 78 residential units (Use Class C3), 541 sqm (GEA) of retail space (Use Class E), and 194 sqm (GEA) of community use floorspace (Use Class E / F.1 / F.2) at the ground floor. [REF: 20/02849/FUL].
- Community Hub: A significant portion of this development will serve as a community hub, contributing positively to the local area. The community space will be handed back to the Vendor on a leasehold basis, providing rental income potential.
- Versatile Space: Currently comprising a community center, hostel, retail, and employment use, the property has a total existing GIA of 53,583 sq ft. This diverse range of spaces offers versatility and multiple income streams.
- Vacant Possession: Anticipated from June 2024, this development offers the potential for a swift return on investment, subject to necessary consents.
- Unconditional Offers: Offers for the site are invited on an unconditional basis, providing flexibility for investors.
Why Invest with Olympus Developments Olympus Developments has a track record of successful and innovative real estate projects. We pride ourselves on delivering value-driven, community-oriented developments that enhance neighborhoods and offer attractive returns on investment.
Contact Us Don’t miss out on this exceptional investment opportunity. To learn more about the Durning Hall Development or to discuss your investment, please contact our team today.
Invest with Olympus Developments and be part of transforming East London’s landscape while enjoying strong investment potential. Act now to secure your stake in this exciting project!