Chesham House | Chesham Clos
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Chesham House Chesham Clos
33,964 SF Industrial Building Romford RM7 7PJ £3,000,000 (£88/SF)
Investment Highlights
- Residential redevelopment potential
- Good transport links
- Substantial multi-level property
Executive Summary
Situated in Romford, within the London Borough of Havering, that holds a strategic position as a gateway between London and Essex, conveniently close to the A12, providing swift access to central London and the M25.
Located within the Romford Strategic Development Area (SDA), which is earmarked for major residential-led regeneration in the current Local Plan.
Currently, the ground floor serves as a showroom and storage area, the first floor is utilized for warehousing, and the second floor houses office facilities. Access to all three levels is provided by a goods lift, while the first floor can also be reached by forklift through an
elevated loading door. Additionally, parking spaces are available at the front and side of the property.
The property is categorized as E-Class Use, formerly designated as light industrial/B1, and offers versatility for various potential uses.
A feasibility study has been conducted for the demolition of the existing structure, proposing the redevelopment of the site to accommodate 72 residential units (Class C3) in two buildings varying in height from part-5, part-6, to part-7 storeys.
Located within the Romford Strategic Development Area (SDA), which is earmarked for major residential-led regeneration in the current Local Plan.
Currently, the ground floor serves as a showroom and storage area, the first floor is utilized for warehousing, and the second floor houses office facilities. Access to all three levels is provided by a goods lift, while the first floor can also be reached by forklift through an
elevated loading door. Additionally, parking spaces are available at the front and side of the property.
The property is categorized as E-Class Use, formerly designated as light industrial/B1, and offers versatility for various potential uses.
A feasibility study has been conducted for the demolition of the existing structure, proposing the redevelopment of the site to accommodate 72 residential units (Class C3) in two buildings varying in height from part-5, part-6, to part-7 storeys.
Property Facts
| Price | £3,000,000 | Building Class | B |
| Price Per SF | £88 | Lot Size | 0.63 AC |
| Sale Type | Investment | Rentable Building Area | 33,964 SF |
| Tenure | Freehold | Number of Floors | 3 |
| Property Type | Industrial | Year Built | 1970 |
| Property Subtype | Warehouse | Tenancy | Single |
| Price | £3,000,000 |
| Price Per SF | £88 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.63 AC |
| Rentable Building Area | 33,964 SF |
| Number of Floors | 3 |
| Year Built | 1970 |
| Tenancy | Single |
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Estate Office Investments Ltd
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Chesham House | Chesham Clos
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