Naseberry Court, 2 Merriam Close, Larkshall Road, Chingford, London, E4 9JQ
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1 enter Naseberry Court, 2 Merriam Close, Larkshall Road, Chingford, London, E4 9JQ Attractive residential development opportunity with Resolution to Grant for 48 units Marketed by on behalf of
2 An excellent opportunity to deliver a residential scheme of up to 48 units in the exciting Borough of Waltham Forest at this former health care facility. The site extends to approximately 1.05Ha (2.6 acres). Freehold sale. Resolution to grant outline planning permission for the demolition of existing buildings and to deliver up to 48 residential units with associated public realm, landscaping, roads and car parking. Matters reserved: appearance, landscaping, layout and scale. The site is situated less than 0.5 miles from Highams Park Overground Station, providing direct services to London Liverpool Street in as little as 23 minutes on the Chingford branch and into central London in just under 40 minutes. Epping Forest within walking distance. Illustrative Architect impression of proposed site entrance 2
3 A1037 Middleton Ave Hampton Road Burnham Road Sinclair Road Ching Way Chase Lane Park Marmion Ave A1009 Westward Road Burnside Ave N Circular Road York Road Cherrydown Ave Tuffon Road Sinclair Road Ainslie Wood Road Bateman Road 10 George Road 9 1 Chingford Mount Road A112 A112 A112 Chingford Mount Road 3 Templeton Ave Brook Cres New Road Rolls Park Ave Normanshire Drive Larkswood Road Memorial Park Royston Ave Frances Road Higham Station Ave Malborough Road Nelson Road ad Rushcroft Ro 7 Parmiter s School Sports Ground Underwood Road Bellamy ove Road A1009 New Road Larkswood Playing Fields Inks Green Road Ropers Ave Rolls Sports Ground Hickham Ave Selwyn Cavendish The Site Ave Road 2 Larkshall Cres Larkshall Road B160 Winchester Road B160 Coolgardie Ave Highams Park Beech Hall Road 5 Richmond Ave The Avenue Hale End Road Hatch Lane The Bra mblings Castle Ave 8 The Avenue Handsworth Ave Vincent Road Hollywood Way Balliol Ave 6 Sunnydene Ave Falmouth Ave The Avenue Forest Glade Adler s Ave Brookfield Path Oak Hill Waterhal l Ave Gordon Ave Forest Glade 4 A The Charter Road Sainsbury s Tesco and local shops High Street Highams Park GP surgery Dentist Primary School Secondary school Health Club Morrisons Chingford Lane A1009 Montalt Road Henry s Ave The Charter Road A1199 Mornington Road Chingford Lane Sunset Ave Sydney Road Broomhill Road A1009 Woodford Green The site is located to the east of London on the edge of an area known as Highams Park within Chingford, situated between Walthamstow and the centre of Chingford. The site is bound by Larkshall Road (B160) to the east, a storage centre to the south, Halex Bowls Club and tennis courts to the west and housing to the north. Vehicular and pedestrian access is via Merriam Close, off Larkshall Road. Chingford sits along the border of Epping Forest, which starts south of the site in Wanstead and ends north of the site in Epping. Epping Forest links rural Essex to London and offers almost 2.5 hectares of woodlands, grasslands, rivers and ponds to explore with Highams Park, forming part of the Forest, in walking distance of the site. Naseberry Court is situated in proximity of excellent amenities with plenty of local convenience shops by the station plus a Tesco superstore circa 0.5 miles north of the site and a Sainsbury s superstore circa 1 mile south east of the site. The area surrounding the Sainsbury s superstore along Chingford Mount Ford/Old Church Road provides a high street of local and national retailers for the south Chingford area. A monthly market, selling food, drink and craft goods recently began and is growing from strength to strength in this area also. The centre of Chingford is less than 2 miles to the north of the site. Naseberry Court is located less than 0.5 miles from Highams Park Overground Station, which provides direct services to London Liverpool Street in as little as 23 minutes on the Chingford branch and into central London in just under 40 minutes. The site is situated to the north of the B160 leading to the North Circular Road, providing access into and around London. The site is situated in an area of Chingford attractive to City commuters looking for a mix of London and country life. Popular with families and young professionals alike, the upcoming retail improvements and proposed new school places will continue to attract buyers to the area. 3
4 This former health care facility is irregular in shape and extends to approximately 1.05Ha (2.6 acres). Naseberry Court was vacated in 2014 as part of a rationalisation of our clients services in this area. The site comprises two principal buildings: Naseberry Court (broadly in the centre of site) and Greenthorne (south east of the site). A bungalow fronts the site to the north east, which is to be retained (please see section). The principal buildings are of 1-2 storeys in height and are surrounded by mature, and well-maintained, gardens. The site, which is broadly flat, was developed in the late 1980s/early 1990s and offers 31 car parking spaces. Indicative proposed site layout. 4
5 An outline planning application (planning application reference ) was submitted in October A Resolution to Grant under delegated authority was permitted at Committee on 1 August The permission allows for the redevelopment of this former health care facility to provide up to 48 residential units with associated public realm, landscaping, roads and car parking. An indicative mix is set out as follows: Apartments 1 bed 2 person 10 2 bed 3 person 14 2-storey townhouse 3-storey townhouse 2 bed 4 person 2 3 bed 4 person 5 3 bed 6 person 12 4 bed 7 person 5 Total Appearance, landscaping, layout and scale are Reserved Matters for the detailed planning application stage. Section 106 payments are currently estimated at TBC. details can be found in the data room. 25% affordable housing split 40:60 in favour of Shared Ownership. CIL payments (Mayoral and Borough) total TBC. details can be found in the data room. To the north of the site is the Ropers Field Conservation Area. There are no listed buildings on site. The site has a PTAL rating of 2. The site is within a Flood Zone 1 area, indicating a low probability of flooding. Twelve trees on site are subject to a Tree Preservation Order. The indicative layout respects an easement for access to an underground sewer. Illustrative Architect impression of the central square 5
6 Tenure The site is for sale freehold with vacant possession. Please note that the bungalow has a right off way for pedestrian and vehicle access through Merriman Close. VAT North East London NHS Foundation Trust has not elected to VAT on this site. Services We understand that all main services are connected to the site; however prospective purchasers should satisfy themselves as to their suitability for their own proposals by making enquiries with the statutory understakers. Method of Sale Best offers subject to contract only are invited for the freehold of the site. Offers that are conditional on reserved matters or the purchaser s own planning permission will not be considered by the Vendor. Offers that are conditional on other matters must set out the conditions in detail and the steps (including anticipated timescales) to discharge them. Offer are to be submitted in a plain sealed envelope with no form of identification of the bidder and marked Tender for Naseberry Court All bids should be addressed to the following address: 5 Bolton Street London W1J 8BA (For the attention of Howard Williams) Bids are requested by no later than 12 noon on Tuesday 24 October Bids submitted via will not be accepted. Bids received after the bid deadline may not be accepted or considered. Prospective purchasers are required when submitting offers to complete the bid form; state the name of their solicitor and provide evidence of their ability to complete the purchase. Prospective purchasers are required to confirm that they have read and taken into account and taken into account all documents contained in the information pack. When an offer is made by an agent, it must be accompanied by a letter from the principal and confirming the basis of the offer Viewing Arrangements Accompanied viewings will be conducted by the vendor s sole agent on selected dates. For detailed viewing arrangements please contact: Howard Williams DD: howard.williams@montagu-evans.co.uk Bhavini Shah DD: bhavini.shah@montagu-evans.co.uk Data room View data room Misrepresentation Act 1967 Montagu Evans LLP for themselves and for the vendors or lessor of this property whose agents they are, give notice that: (i) the particulars are set out as a general guideline only for the guidance of intending purchasers or lessees and do not constitute the whole or any part of an offer or contract. (ii) All descriptions, dimensions, references to condition and necessary permissions of the use and occupation, and other details are given in good faith without responsibility whatsoever and intending purchasers or tenants should not rely on statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) Neither Montagu Evans LLP nor their employees has any authority to make or give any representation or warranties whatsoever in relation to the property. (iv) Unless otherwise stated, all prices and rents are quoted exclusive of VAT and intending purchasers or lessees must satisfy independently as to the applicable VAT position. (v) All the plans and maps provided within the particulars are for identification purposes only. 6
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