Car showroom to make way for new homes

480 – 482 Ley Street is a former car showroom on the corner of Lynn Road with workshops and associated land occupying an approximately 1.14 acre site with potential for comprehensive mixed-use redevelopment (subject to planning permission). Crossrail hubs at nearby Ilford and Seven Kings are due to open in 2018, which is due to bring significant growth to the area due to the fast journey times in to Central London).

As the site would appeal to a wide range of potential users, an open marketing process was undertaken which resulted in over 15 offers in excess of the guide price. 

The site was sold for £3,500,000 to local developers who plan a mixed-use scheme. 

The sale process took less than 8 weeks from instruction to completion. 

Should you have a property you are considering a sale of, please contact us for an initial valuation. 



back to case studies
  • Sale
  • Sold for £3,500,000
  • 480-482 Ley Street Ilford Essex IG2 7BZ
  • Development
  • 1.14 acre site
  • Potential for mixed-use redevelopment
  • 8 weeks from instruction to completion
  • Close to Seven Kings and Ilford Crossrail stations

Kingsbury have assisted us with several sales in recent years, and always provide well considered strategic advice and an excellent hands-on service which gets the job done.

Director

Mirravale Pension Fund