BRILL PLACE KING S CROSS. A unique opportunity to create an iconic 54 unit residential development

Transcription

1 BRILL PLACE KING S CROSS A unique opportunity to create an iconic 54 unit residential development

2 CONTENTS The Opportunity 02 Location 04 Local Area 06 Transport 08 Site Description 10 Planning 11 Accommodation Schedule 13 Consented Floorplans 15 Scheme Optimisation 19 Information 20 Contact 21 CONTENTS BRILL PLACE KING S CROSS 01

3 THE OPPORTUNITY Brill Place, King s Cross: A unique opportunity to create an iconic residential development, situated in a quiet parkside enclave yet in the heart of Central London. Freehold site in the heart of Central London. Located in King s Cross, the proud beneficiary of one of the most impressive and transformative regeneration projects in London. Designed by award winning architects drmm, the scheme comprises a contemporary parkside building of 54 private residential apartments over 22 storeys, offering breathtaking views of the London skyline. A detailed planning permission has been secured for a residential scheme totalling 67,307 sq ft GIA of accommodation, to include: 54 private residential apartments on the upper floors, totalling 44,504 sq ft NSA 701 sq ft NIA of flexible commercial space (suggested café) and resident s lobby/concierge at ground floor Associated plant, refuse and cycle storage facilities at basement level Potential to deliver an optimised scheme of 69 units (STNC). Unconditional offers are invited for the freehold and leasehold interests. Right: CGI looking East BRILL PLACE KING S CROSS 02

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5 LOCATION IMAGES A vibrant city with a wealth of culture, from celebrated landmarks and historic buildings, to grand concert halls and renowned museums, it is no surprise that London is frequently regarded as one of the greatest cities in the world. Right: Regent s Canal Below: King s Cross Underground Below-Left: King s Boulevard With a population of over 8.6 million and more than 300 languages spoken, London is one of the most internationally cosmopolitan cities in the world. Located within the London Borough of Camden, King s Cross is a vibrant neighbourhood regarded as the gateway to Europe and the proud beneficiary of one of the most impressive and transformative regeneration projects in London. King s Cross is London s new creative quarter, home to 67 acres of inspiring businesses, popular restaurants and a vibrant cultural scene. The area s industrial past has inspired the 50 new and repurposed buildings; the public spaces between them are a mix of parks, streets, squares, and gardens, with Granary Square at its heart. BRILL PLACE KING S CROSS 04

6 Boutique retailers and well-known high street brands line the brick arches of St. Pancras International, with a vast offering of restaurants and bars opening out onto public squares, with cuisines ranging from European to South American. Furthermore, the Thomas Heatherwick designed Coal Drops Yard is set to open in 2018, hosting a further 100,000 sq ft of shops, cafés, bars and restaurants. The site is at the heart of the Knowledge Quarter, one of the greatest knowledge clusters in the world with the University of London, British Library and Central St. Martins School of Art all within a short walk. IMAGES Above: The Lighterman, Granary Square Left & Right: King s Boulevard A short walk down the picturesque banks of the Regent s Canal provides access to the world famous Camden Market and the thriving nightlife scene of Camden, including a number of Jazz Café s and the Roundhouse live music venue. In recent years, King s Cross has attracted an eclectic mix of commercial tenants, which has positioned the area as a thriving commercial location for occupiers in the technology, fashion and creative businesses, including Google and Facebook s Headquarters, Guardian Media Group and Louis Vuitton. BRILL PLACE KING S CROSS 05

7 12 LOCAL AREA Food & Drink 1 The Lighterman 2 Somerstown Coffee House 3 Vinoteca 4 Ruby Violet 5 Granger & Co. 6 Drake & Morgan 7 Dishoom 8 German Gymnasium 9 Notes 10 Leon 11 Wasabi Business 1 Google 2 London Borough of Camden 3 Louis Vuitton 4 AutoTrader 5 The Office Group 6 PRS for Music 7 Vistaprint 8 Tom Dixon 9 UAL 10 Google HQ (Under construction) 11 Francis Crick Institute 12 Facebook (from 2021) Shopping 1 Waitrose 2 Nike 3 Jigsaw 4 Evans Cycles 5 & Other Stories Lifestyle 1 Granary Square 2 British Library 3 St. Pancras Renaissance Hotel 4 Great Northern Hotel 5 Regent s Canal Towpath 6 St. Pancras Gardens 7 Gas Holder Park 8 Pancras Square 9 The Standard Hotel Travel 1 King s Cross 2 St. Pancras International 3 Euston C r o w n d a l e R o a d E v e r s h o l t S t r e e t 3 C h a l t o n S t r e e t C h a r r i n g t o n S t r e e t P o l y g o n R o a d P h e o n i x R o a d E v e r s h o l t S t r e e t P a n c r a s R o a d P u r c h e s e S t r e e t 6 2 P a n c r a s R o a d B r i l l P l a c e C h a l t o n S t r e e t C h a l t o n S t r e e t O s s u l s t o n S t r e e t O s s u l s t o n S t r e e t P a n c r a s R o a d P a n c r a s R o a d M i d l a n d R o a d E u s t o n R o a d E u s t o n R o a d M i d l a n d R o a d 5 P a n c r a s R o a d J u d d S t r e e t K i n g s B o u l e v a r d 9 To n b r i d g e S t r e e t 5 1 E u s t o n R o a d B e l g r o v e S t r e e t Yo r k W a y Yo r k W a y Yo r k W a y A r g y l e S t r e e t BRILL PLACE KING S CROSS 06

8 IMAGES 1: Great Northern Hotel, Pancras Road 2: UAL: Central Saint Martins, Granary Square 3: Regent s Canal Towpath 4: Public space at Granary Square 5: British Library, Euston Road 6: Google Offices, Pancras Square 7: Gasholders, Stable Street 8: German Gymnasium, Pancras Square BRILL PLACE KING S CROSS 07

9 IMAGES Below & Right: King s Cross Station Below Left: St. Pancras Station TRANSPORT King s Cross is one of the best-connected locations in Europe, offering quick access to international, national and local transport links. Eurostar connections place mainland Europe just under two hours from St. Pancras International, whilst King s Cross station provides access to key destinations throughout the UK. King s Cross St. Pancras Station is served by the Circle, Hammersmith & City, Metropolitan, Northern, Piccadilly and Victoria lines, positioning Brill Place perfectly for London s cultural, business and shopping destinations including Bloomsbury, the City, Bond Street and Canary Wharf. Old Street 5 minutes Bank 9 minutes London Bridge 11 minutes NORTHERN LINE Canary Wharf 23 minutes Oxford Circus 5 minutes Green Park 7 minutes Victoria 9 minutes VICTORIA LINE 4 mins KING S CROSS Bond Street 10 minutes Holborn 3 minutes Leicester Square 7 minutes Knightsbridge 13 minutes PICCADILLY LINE International Destinations Lille 1 hour 20 minutes Waterloo 13 minutes Brussels 1 hour 51 minutes Baker Street 5 minutes Edgware Road 9 minutes Paddington 13 minutes Paris 2 hours 15 minutes CIRCLE LINE Amsterdam 4 hours 16 minutes Marylebone 11 minutes BRILL PLACE KING S CROSS 08

10 Brill Place will benefit from the delivery of the Euston terminus of HS2 providing high speed links to the Midlands and the North and Crossrail 2. Further enhancing connectivity to the area is the proposed Euston St. Pancras Crossrail 2 station, proving faster access to parts of north and south London, with a new station entrance positioned in close proximity to the site. London Airports Heathrow London City Stansted Gatwick London Luton 36 minutes 41 minutes 45 minutes 48 minutes 36 minutes Proposed Crossrail 2 Route Seven Sisters Clapham Junction King s Road Chelsea Victoria Tottenham Court Road Euston St. Pancras Angel Dalston Tottenham Hale HS2 Route Euston St. Pancras Old Oak Common Birmingham Interchange Birmingham Curzon Street Stafford Crewe Runcorn Liverpool BRILL PLACE KING S CROSS 09

11 SITE DESCRIPTION Located on Brill Place, the site is surrounded on three sides by open parkland and is directly opposite the Francis Crick Institute, a world renowned medical research centre. The site is part greenfield and part hard standing, with a number of trees included in the perimeter. Full detail on the trees permitted for removal are included in the data room. The purchaser will acquire the freehold interest in the land outlined in red, together with a 999 year leasehold interest for the sub-soil of the land shaded orange. In addition, the purchaser will be permitted to temporarily occupy part of the surrounding open space for the purposes of construction. Further detail is included in the data room. P u r c h e s e S t r e e t B r i l l P l a c e IMAGES Top: Brill Place Above: Development site looking north Indicative only BRILL PLACE KING S CROSS 10

12 PLANNING 5 BACKGROUND Brill Place Tower forms part of a wider regeneration scheme in the surrounding area known as Central Somers Town, being brought forward by the London Borough of Camden. Planning permission was obtained in October 2016 (ref: 2015/2704/P) for a comprehensive scheme comprising 7 development plots, together with significant improvements to the quality of the open space, play facilities, landscaping and connectivity. Brill Place Tower forms Plot 7 of the consented masterplan The masterplan scheme prepared by DSDHA incorporates high quality architectural design and materials; recognised in May 2018 with a RIBA award for the Best Use of Publicly Owned Land in Placemaking. # : Plot Number The master plan scheme comprises: Plot 1: Community uses at ground floor (Use Class D1) (approximately 1,554 sq m) to include a children s nursery and community play facility with 10 affordable residential units above; completion anticipated in June 2019 Plot 2: 35 private residential units over flexible A1/A2/A3/D1 floor space at ground level (approximately 137 sq m) Plot 3: Extension of Grade II listed terrace to provide 3 private dwellings Plot 4: Replacement school facility (Use Class D1). The school is currently under construction with an anticipated completion date of Q Plot 5: 20 affordable residential units over a replacement community hall (Use Class D1) (approximately 211 sq m) Plot 6: 14 affordable residential units Plot 7 (Brill Place Tower): 54 private residential units over flexible A1/A2/A3/D1 floor space at ground level (approximately 70 sq m) BRILL PLACE KING S CROSS 1 1

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14 BRILL PLACE TOWER Brill Place Tower benefits from a detailed planning consent designed by award winning architects drmm, renowned for their work on Battersea Power Station, BBC Television Centre and King s Cross Regeneration. 100% private apartments Planning permission was given as part of the wider Central Somers Town regeneration scheme (ref: 2015/2704/P). Brill Place Tower forms Plot 7 of that permission. The scheme comprises an iconic micro-tower development of 54 private apartments over 22 storeys, benefiting from idyllic views over the park and across central London from the upper floors. At ground floor the accommodation provides a unique sense of arrival from the landscaped gardens on the east side of the building. A park side café is provided on the western part of the ground floor. The scheme provides 67,307 sq ft GIA of accommodation, to include: 54 private residential apartments on the upper floors, totalling 44,504 sq ft NSA 701 sq ft NIA of flexible commercial space (suggested café) and resident s lobby/concierge at ground floor Associated plant, refuse and cycle storage facilities at basement level RESIDENTIAL ACCOMMODATION SUMMARY Type No. Units % Mix Min NSA sq ft Max NSA sq ft Average NSA sq ft Total NSA sq ft 1B2P % ,164 2B4P % 900 1, ,874 3B6P 3 5.6% 1,486 2,164 1,822 5,466 Total % ,504 BRILL PLACE KING S CROSS 13

15 PLANNING CONDITIONS Brill Place Tower benefits from planning permission under the wider Central Somers town regeneration scheme (ref: 2015/2704/P). Brill Place Tower forms Plot 7 of that permission. The planning decision and associated conditions explicitly outline which conditions are relevant to Plot 7. A copy of the decision notice is available from the data room. SECTION 106 The purchaser will enter into a new Section 106 Agreement relating specifically to Brill Place Tower (Plot 7) in isolation. A summary of the key S.106 terms are outlined below, although interested parties should refer to the draft copy of the S.106 provided in the data room for further detail. No affordable housing requirement or affordable housing contribution *See Process section for further information as to how this point is to be managed as part of the sale. No occupation of the flats before practical completion of the new school, anticipated in Q2 2019* Highways contribution of 1,052,398 Residential Travel Plan Monitoring Contribution: 6,780 Tree Planting Contribution: 6,485 Other smaller contributions for review, monitoring and apprenticeships Car free development Basement construction plan required Conditions to mitigate impact on and to engage with the Francis Crick Institute during construction CIL London Borough of Camden CIL and Mayoral CIL will apply to the development. Based on the consented scheme for Plot 7, the total CIL contributions equate to: London Borough of Camden CIL: 1,012,383 Mayoral CIL: 395,369 The above figures include BCIS Indexation. BRILL PLACE KING S CROSS 14

16 CONSENTED FLOORPLANS BASEMENT Plant Room Plant Room Double Stack Bike Racks Bicycle Storage (86 spaces) Commercial Waste Room Lift Plant Room Residents Waste Room Goods Lift Bulky Waste Room Lift Stair Sheffield Stands Outline of Building Above BRILL PLACE KING S CROSS 15

17 CONSENTED FLOORPLANS GROUND FLOOR KEY Concierge : Commercial Space : One Bedroom : Two Bedroom : Three Bedroom Residents Lobby Residential Entrance Commercial Space WC Post Area Commercial Space Entrance Store Lift Goods Lift Lift Waiting Area Stair Service Entrance BRILL PLACE KING S CROSS 16

18 RWP CONSENTED FLOORPLANS TYPICAL FLOOR KEY Balcony En-Suite Balcony : Commercial Space : One Bedroom : Two Bedroom : Three Bedroom Living/Kitchen/ Dining Bedroom 2 Bedroom 1 En-Suite Bedroom 1 Plan shown for floors: 04, 06, 08, 10, 12 & 14 Store WC WC Bedroom 2 WC Balcony Store Lift Living/Kitchen/ Dining Store Living/Kitchen/ Dining Bedroom Lift Balcony Stair BRILL PLACE KING S CROSS 17

19 CONSENTED FLOORPLANS TYPICAL DUPLEX KEY : Commercial Space : One Bedroom : Two Bedroom : Three Bedroom Terrace Plan shown for floor: 18 Bedroom 3 Store Lift Living Room Balcony WC Lift Balcony Bedroom 2 En-Suite Stair LOWER FLOOR BRILL PLACE KING S CROSS 18

20 CONSENTED FLOORPLANS TYPICAL DUPLEX KEY : Commercial Space : One Bedroom : Two Bedroom : Three Bedroom Plan shown for floor: 19 Bedroom 1 Study Balcony Dressing Room Lift Living/Kitchen/ Dining Balcony Lift En-Suite Stair UPPER FLOOR BRILL PLACE KING S CROSS 19

21 SCHEME OPTIMISATION drmm have undertaken a review of the Brill Place design, with a view to optimise the capacity and unit mix. The key changes between the consented scheme and the proposed revisions include the optimisation of the layouts, reduction in the number of large duplexes and the provision of more units. The below changes are subject to obtaining the necessary consents. This is indicative to illustrate the potential for unit mix and capacity changes and not an approved scheme. Prospective purchasers should obtain their own planning advice and make their own enquiries on any proposed changes to the consented scheme. A copy of the optimised scheme is available on the dataroom. OPTIMISED RESIDENTIAL ACCOMMODATION SUMMARY Type No. Units % Mix Min NSA sq ft Max NSA sq ft Average NSA sq ft Total NSA sq ft Studio % ,104 1B2P % ,806 2B4P % 818 1, ,455 3B6P 3 4.3% 1,076 1,808 1,500 4,499 Total % ,864 BRILL PLACE KING S CROSS 20

22 INFORMATION GENERAL The purchaser will acquire the freehold interest in the land outlined in red, together with a 999 year leasehold interest for the sub-soil of the land shaded orange. VAT The property is not elected for VAT. DATA ROOM Interested parties should register on the Data Room for additional technical, legal and planning information, and to receive updates on the disposal process. PROCESS P u r c h e s e S t r e e t B r i l l P l a c e Unconditional offers are invited for the freehold and leasehold interests on an informal tender basis, with delayed completion upon completion of school in Plot 4, anticipated in Q All offers must be submitted on the bid proforma provided in the dataroom. Indicative only London Borough of Camden has a standard policy that requires buyers to pay 2% on completion as a contribution to its scheme costs. In addition, the purchaser will be permitted to temporarily occupy part of the surrounding open space for the purposes of construction and will be required to carry out landscaping works on the Councils retained land adjacent to the tower. Further detail is included in the data room. VIEWINGS Viewings are strictly by appointment with the sole selling agents JLL. BRILL PLACE KING S CROSS 21

23 CONTACT Sonny Dawes +44 (0) Dan Smith +44 (0) Ben Jones +44 (0) Jones Lang LaSalle Limited (JLL) for themselves and for the vendors of this property whose agents they are, give notice that: A. These details are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract; B. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise; C. No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property; D. The photographs and videos show only certain parts of the property as they appeared at the time they were taken, and cannot be relied upon; E. Unless otherwise stated, all prices are quoted exclusive of VAT, if applicable; F. Reference to any mechanical or electrical equipment or other facilities at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function; G. Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained; H. All computer generated imagery, plans and sections within this brochure are indicative only and should not be relied upon. October Designed by PayCreative BRILL PLACE KING S CROSS 22