Deals

Record land price achieved for site on Freshwater Road in Chadwell Heath

Record land price achieved for site on Freshwater Road in Chadwell Heath

Glenny has successfully sold the former Hewdens site on Freshwater Road in Chadwell Heath, East London, for a land price of £2.7m per acre. The 0.58 acre site received over 100 enquiries, 30 viewings and two rounds of bidding, affirming the the rising demand for land in the East London and Essex area. The 3,540 sq. ft. industrial unit is located on a self-contained yard with access via Freshwater Road. In addition, the site includes an office, a warehouse and vehicle maintenance unit and a workshop. The site benefits from easy access to the A118 and the A12. Peter Higgins, Divisional Partner at Glenny, said: “With the exceptional demand for land in this area driving values higher and higher, we expect future sales to have similar outcomes to the site in Chadwell Heath. This successful sale illustrates the level and standard that Glenny operates at, whether sales or acquisitions."