FREEHOLD DEVELOPMENT OPPORTUNITY. London SE19 1SZ

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1 FREEHOLD DEVELOPMENT OPPORTUNITY London SE19 1SZ

2 SUMMARY Vacant car park site with redevelopment potential (subject to planning) Site area approximately 0.26 acres/0.10 ha Well connected location in close proximity to Crystal Palace Park and local amenities Pre-application held with London Borough of Lambeth for residential redevelopment Offers invited for the vacant freehold interest Viewings are strictly by prior arrangement with Essentia Trading Ltd. Please go to p.5 for more information. BID DEADLINE 12pm Thursday 17 November 2016 Indicative flatted scheme Indicative housing scheme 1

3 LOCATION Bowley Close is located in Crystal Palace in the London Borough of Lambeth. It is approximately 7-miles (11 km) south of central London. The site is adjacent to Crystal Palace Park and abuts the Crystal Palace Parade to the east. The area surrounding Bowley Close comprises a mixture of land uses including: Commercial Residential Large open space through Crystal Palace Park EXCELLENT TRANSPORT LINKS PTAL rating of 6A Trains Gipsy Hill Railway Station and Crystal Palace Railway Station are situated circa 0.5-miles to the west and south respectively. They provide regular trains to Central London and the South of England. Buses The site is situated opposite the Crystal Palace Parade bus station. This provides residents with access to the local area and Central London. 2

4 DESCRIPTION The site forms part of the car park for Bowley Close Rehabilitation Centre. It has been declared surplus by the freehold owners, Guy s and St Thomas NHS Foundation Trust (GSTT). The Rehabilitation Centre provides a range of services for people with physical disabilities (D1 Use Class). The cul-de-sac site is roughly rectangular and currently provides 28 car parking spaces. It sits below Farquhar Road bridge which bisects the car park and the Centre. Existing vehicular and pedestrian access is via Farquhar Road to the north that leads directly into Bowley Close. 3

5 PLANNING/DEVELOPMENT Subject to planning consents, there is great potential for residential development. On 6 September 2016 a pre-application meeting with the London Borough of Lambeth was held to establish the site s suitability for residential development. It is not located in a Conservation Area and there are no TPOs on site. Bidders are advised to make their own enquiries to Lambeth Council to verify planning information and future planning potential. Indicative housing scheme Indicative flatted scheme 4

6 TERMS All bids must be submitted via specific bid proforma. Tenders should be received by 12pm on Thursday 17 November TENURE The site is to be sold freehold with vacant possession. VAT We understand that the sale is not elected for VAT. LEGAL COST Each party to bear their own legal costs. VIEWINGS AND FURTHER INFORMATION The property may only be inspected strictly by prior appointment with Essentia Trading Ltd. A number of open days will be held to facilitate viewings. Dates will be communicated to potential purchasers on request. Additional information including pre-application documents are available upon request. These particulars are not an offer or contract, nor part of one. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Essentia Trading Ltd does not have any authority to make any representations or warranty about the property. The photographs show only certain parts and aspects of the property at the time when the photographs were taken. Areas, measurements and distances given are approximate only. Descriptions of a property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of statement of fact. October Essentia Trading Ltd registered in England and Wales under company number with its registered office at St Thomas Hospital, F04 Gassiot House, Westminster Bridge Road, London, SE1 7EH. 5

7 TITLE CONTACT Jeremy Gillman Stephen Edgar