RIVERSIDE RESIDENCE NEWBURY RESIDENTIAL DEVELOPMENT OPPORTUNITY 5000 FIRST AVENUE, LONDON ROAD, NEWBURY, BERKSHIRE, RG14 2PZ

Transcription

1 RIVERSIDE RESIDENCE NEWBURY RESIDENTIAL DEVELOPMENT OPPORTUNITY 5000 FIRST AVENUE, LONDON ROAD, NEWBURY, BERKSHIRE, RG14 2PZ

2 RIVERSIDE RESIDENCE, NEWBURY, BERKSHIRE, RG14 2PZ 2 PROPOSED EXTERNAL CGI (SUBJECT TO PLANNING PERMISSION) EXECUTIVE SUMMARY Residential development opportunity with pending Permitted Development consent for 138 units with proposed total Net Saleable Area of 53,032 sq ft (4,927 sq m) (NSA). A vacant office building set in 2.77 acres of landscaped surroundings on the river Lambourn. The existing building has a site coverage of only 23%. A commuter location to London and Reading City Centres. Opportunity for two additional floors on the existing building and for two further buildings on the car park (STPP). Newbury Station and Newbury Racecourse Station both provide direct access to London Paddington (49mins) and Reading City Centre (22mins). Newbury will benefit from the introduction of Crossrail 1, in Reading, opening in 2019.

3 RIVERSIDE RESIDENCE, NEWBURY, BERKSHIRE, RG14 2PZ 3 The Swan Restaurant A4 London Road River Kennet Newbury Town Centre > Park River Lambourn Residential Area Residential Area

4 RIVERSIDE RESIDENCE, NEWBURY, BERKSHIRE, RG14 2PZ 4 LOCATION Newbury is an affluent market town located in West Berkshire, which serves as the region s principal commercial and retail centre. The town benefits from excellent infrastructure and transport links, with Junction 13 of the M4 motorway passing to the north of the town, accessed via the A43 (Newbury Bypass) or A4 (Western Avenue). The M4 provides direct access to Swindon and Bristol to the west, and the M25, Reading, Heathrow Airport and Central London to the east. Riverside Residence is located in Newbury, which offers a secure, attractive and landscaped environment, approximately one mile to the east of Newbury town centre. The building is strategically located on the A4 (London Road), 4 miles south of the intersection of the A34 and M4 motorway and accessed via the A339. Junction 12 of the M4 motorway can also be accessed 11 miles to the east via the A4. REGENERATION Newbury has been subject to substantial inward investment and regeneration. The town centre and retail provision has been enhanced through a number of schemes, including the development of Parkway, a 475,000 sq ft retail and residential scheme anchored by Debenhams, Marks & Spencer and John Lewis at Home. Other retailers include Topshop, H&M, Fat Face and Hotel Chocolat. More development is planned, including a new urban village at the southern gateway to the town, improvements at and around the station, and two large developments at Newbury Racecourse and Sandleford Park. Moreover, Newbury will benefit from introduction of Crossrail 1 in Reading in OXF ORD M1 ST ALBANS A1(M) M11 NEWBURY M40 AMERSHAM WATFORD B ARNET M25 M25 M4 READING MAIDENHEAD M4 WINDSOR HEATHROW KINGSTON UPON THAMES L ONDON L ONDON CITY CRO YDON M3 F ARNBOROUGH M25 EPSOM M M25 ANDOVER F ARNHAM GUILDFORD REIGATE M23 GATWICK M3 CRAWLEY WINCHESTER

5 RIVERSIDE RESIDENCE, NEWBURY, BERKSHIRE, RG14 2PZ 5 TRANSPORT W E S T E R N AV E A S H A W R O A D K I L N R OA D R I V E R L A M B O U R N T U R N P I K E R O AD Newbury is served by two railway stations, Newbury mainline station on the southern edge of the town centre and Newbury Racecourse station adjacent to Newbury Racecourse. Both stations provide direct access to London Paddington (49mins) and Reading (22mins). Furthermore, the site benefits from close proximity to M&S and Tesco superstore (4 and 7 minute walk respectively). B A T H RD N O R T H C R O F T L N PA R K WAY PARKWAY SHOPPING CNETRE L O N D O N R O A D VICTORIA PARK A L O N D O N R O A D R I V E R K E N N E T G AY W O O D D R I V E A 4 L O N D O N ROA D Travel times in minutes: Newbury Newbury Racecourse Parkway Shopping Centre Kennet Shopping Centre B A R T H O L O M E W S T KENNET SHOPPING CENTRE NEWBURY STATION W I N C H C O M B E R D M I L L L A N E B O U N D A RY R D R A C E C O U R S E R D B O N E L A N E NEWBURY RACECOURSE STATION NEWBURY RACECOURSE H A M B R I D G E R O A D R A C E C O U R S E R O A D Newbury Town Centre M4 (Junction 13) Reading Basingstoke Oxford Southampton Heathrow Central London 1.4 miles 4 miles 16 miles 18 miles 28 miles 28 miles 46 miles 60 miles Reading Maidenhead London Paddington Oxford Basingstoke Swindon 18 mins 41 mins (*30 mins) 49 mins 55 mins 48 mins 65 mins (*times via Crossrail, opening December 2019)

6 RIVERSIDE RESIDENCE, NEWBURY, BERKSHIRE, RG14 2PZ 6 PROPOSED SITE PLAN EXISTING BUILDING Total site area 2.77 acres. Only 23% site coverage Availability for 197 off street parking spaces. R I V E R L A M B O U R N For identification purposes only.

7 RIVERSIDE RESIDENCE, NEWBURY, BERKSHIRE, RG14 2PZ 7 OPPORTUNITY 1: PROPOSED PERMITTED DEVELOPMENT SCHEME Pending Permitted Development Application for 138 residential units - 18 x 2 bed and 120 x 1 bed - with the proposed total Net Saleable Area of 53,032 sq ft (4,927 sq m) (NSA). The proposed scheme includes a landscaped courtyard and adding an additional floor internally. All proposed apartments can be Help to Buy registered. PROPOSED COURTYARD CGI

8 RIVERSIDE RESIDENCE, NEWBURY, BERKSHIRE, RG14 2PZ 8 KITCHEN CGI BATHROOM CGI BEDROOM CGI

9 RIVERSIDE RESIDENCE, NEWBURY, BERKSHIRE, RG14 2PZ 9 OPPORTUNITY 1: PROPOSED PERMITTED DEVELOPMENT TYPICAL SCHEDULE FOR EACH OF THE 3 FLOORS: Appartment No. Beds Sq M Sq Ft Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Appartment No. Beds Sq M Sq Ft Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat TYPICAL FLOOR PLAN, FOR EACH OF THE 3 FLOORS: Floor For identification purposes only. Units NSA Sq Ft OPEN COURTYARD 2 Bedroom Flats NSA Sq M GIA Sq Ft GIA Sq M Ground 46 17, , First 46 17, , Second 46 17, , Total , ,

10 RIVERSIDE RESIDENCE, NEWBURY, BERKSHIRE, RG14 2PZ 10 OPPORTUNITY 2: CONVERSION OF EXISTING BUILDING AND ADDITIONAL TWO FLOORS STPP 138 PDR residential units with Opportunity 1 and two new floors of 36 additional apartments STPP. RIVERSIDE RESIDENCE RIVERGATE HOUSE PROPOSED 3RD ADDITIONAL FLOOR Flat GIA Sq Ft Beds Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Total GIA Total NSA PROPOSED 4TH ADDITIONAL FLOOR Flat GIA Sq Ft Beds Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Total GIA Total NSA PROPOSED ADDITIONAL FLOOR CGI Rev: 6 Wrotham Business Park Barnet, Herts EN5 4SZ t: e: enquiries@planningconsent.com w: Drawing Title: Scale: 1:250@A3 Comparative South Drwn: srt Elevation Project: Date: March 2018 Option 3 - Planning Application Drawing No: Location: Riverside Residence, London Rd., Newbury, RG14 2PZ 2 Bedroom Flats Copyright and design right held by Stuart Henley & Partners Ltd. No unauthorised reproduction permitted.

11 RIVERSIDE RESIDENCE, NEWBURY, BERKSHIRE, RG14 2PZ 11 OPPORTUNITY 3: CONVERSION OF EXISTING FLOORS CONVERSION OF EXISTING GROUND, FIRST AND LOFT SPACE. TYPICAL GROUND AND FIRST FLOOR APARTMENTS PROPOSED EXTERNAL CGI OPEN COURTYARD TYPICAL SECOND FLOOR (LOFT) APARTMENTS. For identification purposes only. 2 Bedroom Flats

12 RIVERSIDE RESIDENCE, NEWBURY, BERKSHIRE, RG14 2PZ 12 OPPORTUNITY 3: CONVERSION OF EXISTING FLOORS GROUND AND FIRST FLOORS SECOND FLOOR Appartment No. Beds Sq M Sq Ft Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Appartment No. Beds Sq M Sq Ft Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Appartment No. Beds Sq M Sq Ft Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat Flat OVERVIEW OF SIZES Floor Units NSA Sq Ft NSA Sq M GIA Sq Ft GIA Sq M Ground 46 17, , First 46 17, , Second 17 6, , Total ,269 3,888 52,992 4,923

13 RIVERSIDE RESIDENCE, NEWBURY, BERKSHIRE, RG14 2PZ 13 OPPORTUNITY 4: TWO NEW BUILD CAR PARK DEVELOPMENTS Proposed new build residential from 1st to 3rd floors with undercroft surface parking. Measurement House Rev: 6 Wrotham Business Park Barnet, Herts EN5 4SZ t: e: enquiries@planningconsent.com w: Skatepark Cycle Path Drawing Title: Scale: 1:500@A3 Proposed First / Second Drwn: srt / Third Floor Plans Project: Date: March 2018 Schemes 5 & 6 - Proposed New Buildings 1 & 2 Drawing No: Location: Riverside Residence, London Rd., Newbury, RG14 2PZ Copyright and design right held by Stuart Henley & Partners Ltd. No unauthorised reproduction permitted.

14 RIVERSIDE RESIDENCE, NEWBURY, BERKSHIRE, RG14 2PZ 14 CONTACT For more information please contact: Chaim Aziz +44(0) (0) Daniel Minsky +44 (0) (0) MORE INFORMATION AVAILABLE IN THE DATA ROOM PRICE ON APPLICATION David Jones +44 (0) (0) Cameron Shields +44 (0) (0) DISCLAIMER: The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute or constitute part of an offer or contract. All descriptions, dimensions, reference to condition and necessary permissions for use and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact, but must themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Estate Office, their clients or any joint agents have authority to make or give any representation or warranty whatsoever in relation to this property. April-2018.