0.5 ACRE DEVELOPMENT OPPORTUNITY (SUBJECT TO THE NECESSARY CONSENTS) 28 AND 28A SYDENHAM HILL, LONDON SE26 6TP

Transcription

1 0.5 ACRE DEVELOPMENT OPPORTUNITY (SUBJECT TO THE NECESSARY CONSENTS) 28 AND 28A SYDENHAM HILL, LONDON SE26 6TP 28A SYDENHAM HILL 28 SYDENHAM HILL

2 28A SYDENHAM HILL 28 SYDENHAM HILL Opportunity Freehold development opportunity (STP) with vacant possession in Greater London borough of Lewisham In the popular residential area of Sydenham Hill 6 min walk to Sydenham Hill train station Sydenham Hill train station (zone 3) - 10 minutes to Brixton and 15 minutes to Victoria Site area of circa 0.45 acres (0.138 hectares) The site comprises of two buildings, both former care homes, and provide a total GIA of 16,592 sq ft (1,541 sq m) The site offers the potential for conversion / extension (STP) Our client is seeking offers in excess of 4,000,000 (four million pounds) for its freehold interest with vacant possession, on an unconditional basis, subject to contract and exclusive of VAT 2

3 City of London A100 Bermondsey Peckham Herne Hill A205 Dulwich A2 A202 B238 A23 A214 A200 New Cross A215 Deptford B218 Limehouse A20 Lewisham Dulwich Park SYDENHAM HILL A2199 Docklands Greenwich A21 A2218 Crystal Palace Park A212 A234 A21 A2218 A206 A2 A205 A2015 A102 Blackheath B212 A21 A20 London City Airport A1203 A102 Thames A206 A2 Location Sydenham Hill is an affluent locality in Lewisham, South East London and it also forms the boundary between the London Borough of Southwark, London Borough of Bromley and London Borough of Lewisham. It is approximately 6 miles from central London (Zone 3). Sydenham Hill is one of the highest points in London and home to numerous open green spaces. These include Sydenham Wells Park (0.3 miles), Mayow Park (1.3 miles) and the 22 acre Sydenham Hill Wood (0.2 miles) which also leads to the green spaces of the Dulwich Estate, including the Dulwich and Sydenham Hill Golf Club. Crystal Palace Park is also within walking distance of the site (0.7 miles) which is home to the Crystal Palace Museum, the Maze and the famous Crystal Palace athletics stadium. There are many local primary schools in the area. Sydenham Junior School, located less than a mile from the site (Ofsted rating: Outstanding). In addition, Dulwich Wood Primary (Ofsted rating: Good) and Kelvin Grove Primary School (Ofsted rating: Good) are in the vicinity. The 400 year old Dulwich College boys school is within close proximity as is the Sydenham School (secondary school) and Sydenham Hill School (secondary school). TRANSPORT... PUBLIC TRANSPORT... Sydenham Hill station is served by Thameslink and South Eastern rail routes in and out of London. Journey times to central London are approximately 15 minutes to London Victoria and the site is located in Zone 3. The rail route also serves Brixton offering easy access to the Underground network in circa 7 minutes and there are typically four trains an hour. Destination from Travel time 28 Sydenham Hill (approximately) Brixton Victoria Oxford Circus Bank Canary Wharf 7 minutes (train) 15 minutes (train) 24 minutes (train and tube) 35 minutes (train and tube) 40 minutes (train and tube) Dulwich Village 16 minutes (bus)... 9 minutes (bicycle) Sydenham 12 mins (bus)... 6 mins (bicycle)... ROAD... The South Circular is circa 0.7 miles to the north, offering easy access to Greater London and the A23 is circa 3.4 miles to the west which connects to the A232 (c. 6 miles) and the M25 (c. 14 miles), Surrey/Kent and beyond. Gatwick Airport is easily accessed by car in under an hour.... BUS... Sydenham Hill also has bus routes 122, 202 and 450 which provide access to Crystal Palace, Sydenham, Croydon and Penge. 3

4 A205 To Dulwich Dulwich College Sydenham Hill A205 Dulwich & Sydenham Hill Golf Course WELLS PARK ROAD Sydenham Wells Park A2199 Crystal Palace A234 Park Situation The property is situated on and fronts Sydenham Hill, which runs between Forest Hill to the north east and Crystal Palace to the south west. Sydenham Hill is set within a leafy residential neighbourhood. The well known gastropub, the Wood House is close by, at the top of Crescent Wood Road, a short walk from the property. There is a pedestrian route which runs from Sydenham Hill station to the top of Crescent Wood Road. It is a circa 6-minute walk from the property to Sydenham Hill station. Other stations within walking distance of the property are Sydenham station (circa 20-minute walk) south of the site and Forest Hill station (circa 20-minute walk) north-east of the site. Sydenham Road offers a wide range of local amenities including a Sainsbury s Local, Tesco Express, Lidl, a Post Office, several high street banks, cafes, a pharmacy and petrol station. There is a large Sainsbury's supermarket and petrol station in Lower Sydenham. To the north of Sydenham Hill and easily accessible by bus/bicycle or car are the popular areas of West Dulwich and Dulwich Village. Within Dulwich Village and West Dulwich there are many local amenities including Gail s Bakery, Pizza Express, Dulwich Picture Gallery and the Dulwich Farmers Market. Further amenities can be found on Wells Park Road and Kirkdale which lead down to Sydenham centre. 4

5 28 Sydenham Hill 28A Sydenham Hill Description The property comprises of two buildings on site. The smaller period building to the front of the site is a direct result of the development boom of the area in the 1850s and was built in circa It was originally known as Highfield House and is a classic Victorian villa. It is locally listed by Lewisham council. The property is built of multicoloured stock brick with a hipped slate roof with deep eaves soffit. It is set over three storeys plus basement and has been converted to accommodate the elderly. The building consists of 11 (9 en-suite) sheltered housing bedsit rooms and communal rooms. There is a small garden to the front of the building and slightly larger grass garden to the rear. There is a second, larger purpose-built building to accommodate the elderly to the rear of the plot. It is of modern brick construction with a slate tiled roof. It is set over three storeys plus basement and is purpose built to accommodate the elderly. The rear building consists of 25 care bedrooms (2 en-suite), communal hallways and amenity areas. On the ground floor there is a large kitchen and communal lounge area with library/recreation area. There are several car parking spaces on the site. Please note that the site is not in a conservation area. Site Area The site provides an area of approximately 0.45 acres (0.183 hectares). 5

6 Accommodation The existing accommodation provides the following approximate gross internal floor areas: 28a Sydenham Hill sq ft sq m Lower ground floor 3, A Ground 3, First 3, Second 1, TOTAL 12,700 1,180 PARKING PAVEMENT 28 Sydenham Hill sq ft sq m Lower ground floor 1, Ground floor 1, First floor 1, Second floor TOTAL 3, TOTAL SQ FT OF BOTH 16,592 1,541 BUILDINGS 28 Please see floor plans on pages 7 & 8. PAVEMENT 6

7 28 Sydenham Hill Floor Plans 28 & 28A SYDENHAM HILL LONDON SE26 6TP 15'3" x 14'7" 4.65 x 4.45M 15'2" x 12'10" 4.60 x 3.90M 21' x 18'8" 6.40 x 5.70M 26'9" x 12'10" 8.15 x 3.90M 15'3" x 12'10" 4.65 x 3.90M 12'4" x 8' 3.75 x 2.45M FIRST FLOOR 1027 SQ.FT. SECOND FLOOR 827 SQ.FT. N GROUNDS 28'8" x 39'8" 8.75 x 12.10M 14'9" x 12'8" 4.50 x 3.85M 15'7" x 14'2" 4.75 x 4.30M 14'9" x 12'8" 4.50 x 3.85M RECEPTION 20'4" x 14'2" 6.20 x 4.30M 7'10" x 7'5" 2.40 x 2.25M 12'10" x 11'4" 3.90 x 3.45M KITCHEN 13'3" x 9'10" 4.05 x 3.00M LOWER GROUND FLOOR 1028 SQ.FT. GROUND FLOOR 1010 SQ.FT. 7

8 28A Sydenham Hill Floor Plans 28 & 28A SYDENHAM HILL LONDON SE26 6TP ROOM 15 15'2" x 9'4" 4.60 x 2.85M ROOM 16 16'10" x 10'2" 5.15 x 3.10M ROOM 17 16'10" x 10'2" 5.15 x 3.10M BEDROOM 12'2" x 10'2" 3.70 x 3.10M ROOM 18 BEDROOM 12'8" x 11'2" 3.85 x 3.40M ROOM 19 RECEPTION 18'3" > 17'3" x 16'5" 5.55 > 5.25 x 5.00M ROOM 26 14'9" x 9'4" 4.50 x 2.85M ROOM 20 ROOM 21 ROOM 22 ROOM 23 KITCHEN 13'3" x 7'9" 4.05 x 2.35M STAFF ROOM RECEPTION 21'4" x 14'9" > 13'7" 6.50 x 4.50 > 4.15M BEDROOM 13'7" x 5'10" 4.15 x 1.80M OFFICE 1 / 2 S 1 ROOM 25 LIFT VOID ROOM 24 14'5" x 10'4" 4.40 x 3.15M VOID FIRST FLOOR 3623 SQ.FT. SECOND FLOOR 1788 SQ.FT. N ROOM 1 15' x 9'4" 4.55 x 2.85M ROOM 2 14'7" x 10'2" 4.45 x 3.10M ROOM 3 26'3" x 15'5" > 23'6" 8.00 x 7.75 > 7.15M ROOM 4 LAUNDRY 13'5" x 12'8" 4.10 x 3.85M KITCHEN 21'2" x 18'6" 6.45 x 5.65M 30'8" x 25'5" > 16'7" 9.35 x 7.75 > 5.05M 25'5" x 14'7" 7.75 x 4.45M ROOM 6 ROOM 7 ROOM 8 ROOM 9 ROOM 11 ROOM 12 ROOM 13 PLANT LIFT ROOM 10 14'7" x 9'10" 4.45 x 3.00M LIFT ROOM 14 14'5" x 10'4" 4.40 x 3.15M 8 LOWER GROUND FLOOR 3443 SQ.FT. GROUND FLOOR 3846 SQ.FT.

9 m 75 SYDENHAM HILL m Highfield 1 to 9 1 to 6 Leamington Court Porlock House Tenure The property is held freehold. 28a The Hill House Planning Bath Court 13 to 18 El Sub Sta SM The existing buildings are considered to be Use Class C2 (Residential Institutional). 28 Sydenham Hill, the smaller building to front of the site, is a "locally listed building" but the site does not fall within a conservation area. The site has potential for development for a variety of alternative uses, including residential, hotel or student accommodation. There may also be potential for further massing on the site, subject to planning and usual consents. 28 Sydenham Hill was closed as a care home in 2007 and 28a Sydenham Hill closed in El Sub Sta House 1 to 16 Heritage 159 to WELLS PARK ROAD Greyfriars 92.2m SM For indicative purposes only. Locally listed buildings are heritage assets identified by the Local Planning Authority because they are considered to contribute to local character, either individually or within a townscape context. 28 Sydenham Hill is not a listed building on the Statutory List of Buildings of Architectural or Historic Interest and is not therefore subject to the same legal restrictions as a listed building. Listed Building Consent is therefore not required to alter the building. A heritage statement is available on request from Bidwells Heritage Team. Please contact Fiona Macadie: fiona.macadie@bidwells.co.uk 9

10 Sydenham Residential Market While the area has seen considerable capital growth over the past few years it is still comparatively affordable compared to its immediate neighbouring areas such as Dulwich Village and West Dulwich. Together with its ease of access to central London, both the City and West End, the area continues to grow in popularity and pricing accordingly. Sydenham has been named a property hotspot for first-time buyers in 2018 due to its relative affordability and its varied amenities (Homes and Property: 2018). Residential values in the area are increasing rapidly, regularly achieving psf. Crest Nicholson completed, Wells Park Place, a development on Sydenham Hill in The development comprises of 46 homes, a mixture of apartments and townhouses. Examples of recent sales at this development and in the immediate vicinity are as follows: Address Bedrooms Area Sq Ft Status Selling Price Rate Per Sq Ft Sydenham Road, London SE On the market 450, Barclay Court, Penge SE On the market 390, Wells Park Place, Apartment Sold 550, Wells Park Place, Apartment 3 1,242 Sold 839, Wells Park Place, Apartment On the market 649, Wells Park Place, Apartment 3 1,242 On the market 839, Wells Park Place, Townhouse 4 1,800 On the market 1,400,

11 Further Information Should you have any queries or wish to make a site inspection, please contact: Mike Fox DD: mike.fox@bidwells.co.uk Charlotte Holdsworth DD: charlotte.holdsworth@bidwells.co.uk EPC Rating An EPC is available upon request. VAT We understand the property is not elected for VAT. Proposal Our client is seeking offers in excess of 4,000,000 (four million pounds) subject to contract and exclusive of VAT for the freehold interest with vacant possession, on an unconditional basis. Inspection Dates Open inspections will take place on the following times and dates: Thursday 12th July Monday 16th July 2:00 pm - 4:00 pm 10:00 am - 12:00 pm Thursday 26th July 10:00 am - 12:00 pm Informal Tender We are requesting offers by way of informal tender by 12 noon on Tuesday 31st July Please contact Bidwells for further information. Bidwells 25 Old Burlington Street London W1S 3AN Tel: July

12 Bidwells 25 Old Burlington Street London W1S 3AN Tel: bidwells.co.uk IMPORTANT NOTICE Bidwells LLP act for themselves and for the vendors of this property, whose agents they are, give notice that: Nothing contained in these particulars or their contents or actions, both verbally or in writing, by Bidwells LLP form any offer or contract, liability or implied obligation to any applicants, viewing parties or prospective purchasers of the property to the fullest extent permitted by law and should not be relied upon as statements or representative of fact. No person in the employment of Bidwells LLP or any joint agents has authority to make or give any representation or warranty whatever in relation to this property. Any areas of measurements or distances are approximate. The text, photographs and plans are for guidance only, may not be to scale and are not necessarily comprehensive. No assumptions should be made that the property has all necessary planning, building regulation or other consents. Bidwells LLP has not carried out a survey, nor tested the services, appliances or facilities. Purchasers must satisfy themselves by inspection or otherwise. All rentals and prices are quoted exclusive of VAT unless otherwise stated. Prospective purchasers may be asked to produce identification of the intended Purchaser and other documentation in order to support any conditional offers submitted to the vendors. Bidwells LLP accepts no liability of any type arising from your delay or other lack of co-operation. We may hold your name on our database unless you instruct us otherwise. OS licence no. ES Copyright Bidwells LLP Bidwells LLP is a limited liability partnership registered in England and Wales (registered number OC ). Registered office is Bidwell House, Trumpington Road, Cambridge CB2 9LD where a list of members is available for inspection. Your statutory rights are not affected by this notice.