52 54 Avenue Road St John s Wood, NW8 PRIME DEVELOPMENT OPPORTUNITY

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1 52 54 Avenue Road St John s Wood, NW8 PRIME DEVELOPMENT OPPORTUNITY

2 Kings Cross St Pancras Regent s Park Primrose Hill Avenue Road

3 West End Avenue Road St John s Wood NW8 6HS London Business School Prime development opportunity A substantial corner plot with double frontage on one of the most desirable streets in St John s Wood Site extends to approximately 0.75 acres (0.30 ha) located a short walk from St John s Wood High Street, Primrose Hill and Regent s Park Lord s Cricket Ground Existing residential use (C3) with significant potential for redevelopment and increased massing subject to the necessary consents The property is offered leasehold (38 years remaining) with full vacant possession St John s Wood Underground Station Indicative architectural studies have been undertaken by both Squire and Partners and Quinlan and Francis Terry, demonstrating the potential of the site for a scheme of either apartments or houses Savills PLC 15 St John s Wood High Street, London NW8 7NG Knight Frank LLP 55 Baker Street, London W1U 8AN

4 Crown Copyright All rights reserved. Licence number Plotted Scale -1 :10000 Location St John s Wood is a well-established residential district, characterised by low density detached and semi-detached villas. The area emerged as the first of the garden suburbs and is regarded as one of the most desirable residential locations in London, benefitting from close proximity to the extensive retail amenities of St John s Wood High Street and the green open spaces of Primrose Hill and Regent s Park. The property is located within the London Borough of Camden, occupying a corner position on Avenue Road, one of the most exclusive addresses in the area, at its junction with Elsworthy Road. The site comprises two plots with a double frontage on Avenue Road and separate access off Elsworthy Road. The location is well served by St John s Wood Underground Station (Jubilee Line) which is located approximately 750m to the south west with South Hampstead Station (London Overground and National Rail Services) approximately 850m to the north west. Red line is for indicative purposes only

5 Description The property comprises a single detached residential dwelling of approximately 7,298 sq ft GIA arranged over basement, ground and first floors, set within a large double corner plot extending to ha (0.75 acres). A copy of the site plan and existing floor plans are available on the dedicated website which outlines the existing accommodation. Legal Title & Tenure The property is held on a long lease of 99 years from 24 June 1956 with approximately 38 years remaining. A copy of the lease and all pertinent legal information is available on the dedicated website. A claim was submitted by the lessee on 26 January 2018 to acquire the freehold under the Leasehold Reform Act In response, on 16 May 2018 the freeholder confirmed its willingness to transfer the freehold interest to the lessee for a premium of 13,080,000 plus statutory costs; this figure is being contested by the lessee. The property is sold subject to and with the benefit of any rights of way, easements or restrictions, which may exist, whether or not mentioned in these particulars. Areas The site extends to 0.75 acres (0.303 ha) and the existing building extends to 7,298 sq ft (678.0 sq m) GIA. Garden Front entrance Primrose Hill

6 Planning The property has significant development potential, allowing the purchaser, subject to the necessary consents, freedom to either pursue a scheme of detached houses or residential apartments. Several indicative schemes have been drawn up by Squire & Partners as part of an architectural feasibility study which is available on the dedicated website and includes preliminary advice obtained from the Local Authority (London Borough of Camden). Indicative Massing Studies Two indicative architectural studies have been undertaken for the site; the first by Squire + Partners comprising a scheme of private apartments (below), the second by Quinlan and Francis Terry for a pair of grand detached villas (opposite page). Squire + Partners Squire + Partners have drawn up a detailed architectural study for two apartment blocks in various arrangements. The proposed design options include a full complement of residential amenities, including car parking, gym and swimming pool. The study reflects a massing potential of up to approximately 20 units (54,692 sq ft GIA / 29,644 sq ft NSA) with further scope for optimisation subject to the necessary consents.

7 Quinlan and Francis Terry The Quinlan and Francis Terry proposal comprises two large, six bedroom detached villa-style houses. The houses are arranged over lower ground, ground, first and second floors each of which benefit from a large rear garden with two detached double garages and staff accommodation. Please note that these studies are indicative to showcase the potential of the site. They are subject to the necessary consents.

8 Services It is our understanding that mains water, electricity, gas and drainage are provided. However, it is the responsibility of the purchaser to ensure that services are available and adequate for the proposed development. EPC The EPC is available on the dedicated website. Inspection The property may be inspected by prior appointment through the Vendor s sole selling agents, Knight Frank LLP. Prospective purchasers should be aware that inspections are made entirely at their own risk and no liability is accepted by the vendor or their agent. Method of Sale The long leasehold interest is offered for sale by private treaty via informal tender. Interested purchasers will be required to complete a bid form, which can be found on the dedicated website. Please refer to the dedicated website for information on the method of sale and bidding procedure. Timetable for Submission of Offers The date that has been set for the receipt of offers for the Property is detailed in the covering letter accompanying this brochure. Tender Procedure Bids should be delivered by post or to the vendor s selling agent: Knight Frank LLP 55 Baker Street, London W1U 8AN marked for the attention of Anthony Kazan (anthony.kazan@knightfrank.com). Offers are to be made on an unconditional basis, stating a specific sum of money to be paid and shall not be for sums calculable by reference to any other bids. Purchaser Notice The vendor, in its absolute discretion, does not undertake to accept the highest nor any offer received. Data Website Further information is available at including: Title documentation Architectural feasibility study Legal information pack A password is available from the Vendor s sole agent. VAT The property is not elected for VAT. Guide Price Offers are invited for the long leasehold interest. Please see bid form for more details. Contact For further information or viewings: Anthony Kazan Residential Development anthony.kazan@knightfrank.com Daniel Ward Residential Development daniel.ward@knightfrank.com Stephen Lindsay Residential slindsay@savills.com Important notice 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP or Savills PLC in the particulars or by word of mouth or in writing ( information ) as being factually accurate about the properties, its condition or its value. Neither Knight Frank LLP nor Savills PLC has any authority to make any representations about the properties, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the properties as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the properties does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice. Particulars dated: July Knight Frank LLP is a limited liability partnership registered in England with registered number OC Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members names KnightFrank.co.uk 55 Baker Street, London W1U 8AN Savills.co.uk 15 St John s Wood High Street, London NW8 7NG