Land For Sale £700,000
Dock Street, E1

Roof and airspace rights for sale with planning application for six apartments.

Location

Florin court is in Dock Street, which runs between Cable Street and The Highway in a strategic location between Aldgate East, Tower Hill and Wapping.

The area has benefited from new high end residential developments such as Royal Mint Gardens or Berkeley Homes London Dock. Both of them high end residential with new retail units adding shopping and entertaining options to the area.

Transport
Nearby Tower Gateway DLR provides links to Canary Wharf and Docklands, while the Tower Hill underground station (District & Circle Lines), Aldgate East (District, Hammersmith & City lines) and Fenchurch Street rail offer excellent connectivity to Central London and beyond.

The property
Florin Court is a purpose-built residential building over ground floor and three upper floors, containing 11 apartments.

The air rights for sale benefit from a planning application to build two additional new floors creating 4x2 beds and 2x1 studios (total 6 flats) with an extended lift access.

The resulting apartments would total approximately 348 m2 / 3745 sq. ft.

Details of the application can be found in link below

We have been advised that the development requires a Section 106 contribution of approx. £288,000 and the buyer would also need to pay one of the top floor flat leaseholders a contribution of £140,000 once the floors have been added.