Indicative Visualisation Streatham High Road, London SW16 3QJ Residential Development Opportunity For Sale

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Dorcas Hamilton
5 years ago
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1 Indicative Visualisation Residential Development Opportunity For Sale

2 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS SUMMARY 4 houses and 14 lock-up garages on a site of circa 0.46 acres Planning permission for a new build scheme comprising 27 residential apartments (10 x 1 bed, 10 x 2 bed & 7 x 3 bed units) totalling 21,076ft 2 NSA 22 units for private sale with 5 for affordable housing (3 x Shared Ownership & 2 x Affordable Rent) Popular location in close proximity to both Norbury and Streatham Common stations Offers invited in the region of 3,500,000 for the freehold interest

DESCRIPTION & LOCATION HOME SUMMARY DEVELOPMENT TERMS DESCRIPTION The property comprises 4 x 2-storey semi-detached residential houses with large rear gardens, all of which are vacant.

The site area extends to approximately 0.46 acres and is bounded by residential properties.

3 DESCRIPTION & LOCATION HOME SUMMARY DEVELOPMENT TERMS DESCRIPTION The property comprises 4 x 2-storey semi-detached residential houses with large rear gardens, all of which are vacant. The south-eastern part of the site consists of 14 single-storey lock-up garage units. Vehicular access to the property taken directly from Streatham High Road. The site area extends to approximately 0.46 acres and is bounded by residential properties. LOCATION The property occupies a prominent position along Streatham High Road (A23), close to the junction with Ambleside Avenue (A214), within the London Borough of Lambeth. The surrounding area comprises a mix of residential and commercial uses, with the nearest shops and local amenities (including a Tesco Extra and Streatham Ice & Leisure Centre) situated approximately 0.6 miles from the property along Streatham High Road. Streatham Station is located 0.8 miles (circa 15 minute walk) from the property offering Southern and Thameslink services into Central London, including London Bridge in 30 minutes and Elephant & Castle in 15 minutes. Streatham Common Station is also circa 0.7 miles from the property.

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS PLANNING & DEVELOPMENT POTENTIAL APPROVED ACCOMMODATION SCHEDULE Planning permission was approved in August 2018 (reference 17/03425/FUL) for the

4 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS PLANNING & DEVELOPMENT POTENTIAL APPROVED ACCOMMODATION SCHEDULE Planning permission was approved in August 2018 (reference 17/03425/FUL) for the demolition of all buildings and redevelopment of the site to provide 27 residential apartments (10 x 1 bed, 10 x 2 bed and 7 x 3 bed units) totalling 21,076ft 2 GIA. The planning approval is subject to a Section 106 Agreement with obligations for 3 residential units to be Shared Ownership (Plots 3, 6 and 8) and 2 units to be Affordable Rent (Plots 10 and 14). We understand that the combined Section 106 financial contributions and CIL liability will be circa 90,000. The online planning application can be viewed here. Proposed Front Elevation Unit Floor Description GIA ft 2 GIA m 2 1 Lower Ground 2 Bedroom 3 Person Apartment Ground 3 Bedroom 4 Person Apartment Ground 1 Bedroom 2 Person Apartment (Shared Ownership) Lower Ground 2 Bedroom 3 Person Apartment Ground 2 Bedroom 3 Person Apartment Lower Ground 1 Bedroom 2 Person Apartment (Shared Ownership) Lower Ground 2 Bedroom 3 Person Apartment First 2 Bedroom 3 Person Apartment (Shared Ownership) First 3 Bedroom 5 Person Apartment Ground 2 Bedroom 3 Person Apartment (Affordable Rent) Ground 1 Bedroom 2 Person Apartment Ground 1 Bedroom 2 Person Apartment Ground 2 Bedroom 3 Person Apartment Ground 3 Bedroom 4 Person Apartment (Affordable Rent) 1, Lower Ground 3 Bedroom 4 Person Apartment First 1 Bedroom 2 Person Apartment First 3 Bedroom 4 Person Apartment First 2 Bedroom 3 Person Apartment Second 1 Bedroom 2 Person Apartment Second 3 Bedroom 4 Person Apartment Second 2 Bedroom 3 Person Apartment Third 1 Bedroom 2 Person Apartment Third 3 Bedroom 4 Person Apartment Third 2 Bedroom 3 Person Apartment Fourth 1 Bedroom 2 Person Apartment Fourth 1 Bedroom 2 Person Apartment Fourth 1 Bedroom 2 Person Apartment Total 21,076 1,958

HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS TENURE The property will be sold with vacant possession on completion. VAT The property is not elected for VAT.

5 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS TENURE The property will be sold with vacant possession on completion. VAT The property is not elected for VAT. TERMS Offers are invited in the region of 3,500,000. ADDITIONAL INFORMATION Further information including planning and legal documents are available within our dataroom using the access code Streatham. CONTACT To discuss any aspect of this property or the disposal process, please contact the sole selling agents: Jordan Oldfield Keir Goldstein 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

Indicative Visualisation London Road, Mitcham CR4 3ND Mixed-Use Development Opportunity For Sale

Indicative Visualisation London Road, Mitcham CR4 3ND Mixed-Use Development Opportunity For Sale Indicative Visualisation Mixed-Use Development Opportunity For Sale HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS SUMMARY Cleared development site extending to approximately 0.26 acres Planning