Indicative Visualisation Bombay Street, Bermondsey, London SE16 3UX Mixed-Use Development Opportunity For Sale

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1 Indicative Visualisation ENTER Mixed-Use Development Opportunity For Sale

2 HOME DESCRIPTION & LOCATION DEVELOPMENT Workshops and office space (B1 / B8 use) extending to 6,060ft 2 and open storage on a freehold site extending to circa 0.25 acres Planning permission for 4,477ft 2 of flexible commercial floorspace at ground and first floor level (Use Classes A1, A2, and B1) and 18 flats (6 x 1 bed, 8 x 2 bed & 4 x 3 bed) 11 apartments for the private sale and 7 for shared ownership Highly sought after location within South East London, in close proximity to Bermondsey tube station Offers are invited in the region of 3,000,000 for the freehold interest, or in excess of 2,750,000 on the basis that the commercial element is returned to the Seller on a 999 year lease

3 HOME DESCRIPTION & LOCATION DEVELOPMENT DESCRIPTION The property comprises a number of one and two-storey buildings which extends to 6,060ft 2 and service yards positioned on a site of circa 0.25 acres. The premises was previously used as offices, workshops, and storage with part still occupied on short term licenses. The site benefits from a prominent frontage along Bombay Street, and ajoins the railway arches to the north and Southwark Park Road to the south. These arches are due to be opened up to provide access to the Grosvenor Estate regeneration of 1,350 new homes. LOCATION The property is located on the east side of Bombay Street, within the London Borough of Southwark. Bermondsey Underground (Jubilee Line) station is situated approximately 0.6 miles to the north of the property (Bond Street in 22 minutes) and South Bermondsey train station is situated approximately 0.5 miles to the south of the property (London Bridge in 8 minutes). Although the immediate surroundings mainly comprise residential uses, the site is situated close to the Southwark Park Road which is host to numerous shops, restaurants and amenities.

4 HOME DESCRIPTION & LOCATION DEVELOPMENT PLANNING & DEVELOPMENT POTENTIAL PROPOSED ACCOMMODATION SCHEDULE A resolution to grant planning permission was passed in October 2017, under reference 17/AP/0296, for the demolition of the existing buildings to facilitate the redevelopment of the site to create a part-6, part-7 storey mixed-use building with 416m 2 of flexible commercial and employment floorspace at ground and first floor level (Use Classes A1, A2, and B1), 18 flats (6 x 1 bed, 8 x 2 bed & 4 x 3 bed units) comprising 2 wheelchair accessible units and associated private amenity areas, landscaping pedestrian access points, cycle parking and refuse storage. The planning consent is subject to a Section 106 Agreement with obligations for 7 apartments (4 x 1 bedroom & 3 x 2 bedroom) to be delivered as shared ownership, plus financial contributions totalling circa 90,000. A CIL liability of circa 83,385 is applicable. The online planning application can be viewed here. Indicative Visualisations Unit Floor Description NIA m 2 NIA ft 2 Tenure Commercial 1 Ground / Mezzanine Commercial (A1, A2 and B1 Use) 2, Private 2 Ground / Mezzanine Commercial (A1, A2 and B1 Use) 2, Private Sub-Total 4, Residential 1 Second Two Bedroom Four Person Apartment 1, Private 2 Second Two Bedroom Three Person Apartment Private 3 Second Three Bedroom Five Person Apartment Private 4 Third Two Bedroom Three Person Apartment Shared Ownership 5 Third Two Bedroom Four Person Apartment Shared Ownership 6 Third One Bedroom Two Person Apartment Shared Ownership 7 Third Three Bedroom Five Person Apartment Private 8 Fourth Two Bedroom Three Person Apartment Shared Ownership 9 Fourth Two Bedroom Four Person Apartment Private 10 Fourth One Bedroom Two Person Apartment Shared Ownership 11 Fourth Three Bedroom Five Person Apartment Private 12 Fifth Two Bedroom Three Person Apartment Private 13 Fifth Two Bedroom Four Person Apartment Private 14 Fifth One Bedroom Two Person Apartment Shared Ownership 15 Fifth Three Bedroom Five Person Apartment Private 16 Sixth One Bedroom Two Person Apartment Shared Ownership 17 Sixth One Bedroom Two Person Apartment Private 18 Sixth One Bedroom Two Person Apartment Private Sub-Total 13,304 1,236 Total 17,782 1,652

5 HOME DESCRIPTION & LOCATION DEVELOPMENT RESIDENTIAL MARKET In October 2017 Grosvenor confirmed its masterplan for one of London s largest build to rent developments which will be located around 150 metres to the north of 4-10 Bombay Street. The proposal for the 12 acre site (formerly used a biscuit factory) consists of 1,350 new rental homes, a new secondary school, over 10,000m 2 of new office space and around 10,000m 2 of retail, restaurant, culture, leisure and community uses. The scheme will also incorporate 25,000m 2 of new and improved streetscapes and playspace, 140 new planted trees and 400m 2 of new public lawns. GROSVENOR The 500,000,000 regeneration project will bring wide-scale economic and social improvements to the immediate area. Grosvenor will now be submitting their planning application after receiving positive consultation feedback. Further information regarding Grosvenor can be found here. RESIDENTIAL The table details a selection of residential apartments which have recently been sold in close proximity (1/2 mile radius) to Bombay Street. Please note that all of these properties are second hand stock and not new builds. Sale values for newly built flats in the immediate area surrounding Bombay Street are currently averaging approximately per ft 2. Indicative resale information relating to 4-10 Bombay Street, can be found in the dataroom BOMBAY STREET Address Description NIA ft 2 Price /ft 2 Sold Date 11 Ben Smith Way London SE16 4SD Flat 18 Warlingham House Varcoe Road SE16 3DQ Flat 59, Pitman Building Arabella Street SE16 4DY 46 Goodwin Close London SE16 3TL Flat 113, Bolanachi Building Enid Street SE16 3EX Flat 56, Wrayburn House Llewellyn Street SE16 4XB Flat 52, Bolanachi Building Spa Road SE16 3SG Flat 77, Bolanachi Building Spa Road SE16 3SG 1 Bedroom Apartment , st July Bedroom Apartment , th July Bedroom Apartment , th August Bedroom Apartment , st July Bedroom Apartment , th June Bedroom Apartment , th April Bedroom Apartment , th April Bedroom Apartment , nd December 2016 Average: 747

6 HOME DESCRIPTION & LOCATION DEVELOPMENT TENURE The property will be sold freehold and with vacant possession on part, and 2 short term tenancies outside the Landlord and Tenant Act. VAT We understand that the property is not elected for VAT. Offers are invited in the region of 3,000,000. Alternatively, offers in excess of 2,750,000 on the basis that the commercial element is returned to the Seller on a 999 year lease. ADDITIONAL INFORMATION Further information including approved planning documents are available in the dataroom using access code Bombay. CONTACT To discuss any aspect of the property of disposal process, please contact the sole selling agents: Paul Heale paul.heale@kingsbury-consultants.co.uk Ross Kemp ross.kemp@kingsbury-consultants.co.uk Kingsbury 1st Floor, 81 Alie Street, London E1 8NH Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: Indicative Visualisation