Indicative Visualisation Residential Development Opportunity For Sale
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT SUMMARY 2-storey house and a car park occupying a site of circa 316m 2 Planning permission for a 3-storey new build scheme comprising 9 residential apartments (5 x 1 beds & 4 x 2 beds units) totalling 6,095ft 2, all for private sale Potential for futher development, subject to obtaining the necessary consents Sought-after residential location in close proximity to Tooting Broadway Station Offers invited in excess of 2,250,000 freehold
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT DESCRIPTION The existing property comprises a vacant, 2-storey house extending to approximately 800ft 2 with associated land and a car park on a site extending to circa 316m 2. The site is broadly rectangular and backs on to an existing block of flats which fronts Garratt Lane, with the car park located to the north of the house. Planning permission has been approved for comprehensive redevelopment of the site with a fully private residential scheme of 9 units. LOCATION The property is located just off Garratt Lane (with frontage on to Aboyne Road), between Tooting and Earlsfield and is within the London Borough of Wandsworth. The immediate surroundings comprise mainly residential uses, with a number of shops and amenities available on Tooting High Street. The site is within close proximity to both Burntwood High and Broadwater Primary School. The nearest station is Tooting Broadway, located approximately 0.7 miles from the property, providing regular London Underground (Northern Line) services into Central London (London Bridge) in under 20 minutes.
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT PLANNING & DEVELOPMENT POTENTIAL Full planning permission was granted on 27th April 2017, under reference 2017/0805, for the demolition of the existing house and erection of a three-storey, plus basement, building to provide 9 residential units (5 x 1 beds & 4 x 2 beds), including front light wells and balconies/ roof terraces at first and second floor levels. The planning consent is not subject to any Section 106 obligations. There is a CIL liability of approximately 221,926. There is potential to enhance the current planning permission, subject to obtaining the necessary consents. Advice from the Local Authority indicates that they would support a scheme of 10 units without any affordable housing requirement. APPROVED ACCOMMODATION SCHEDULE Indicative Proposed Elevation Unit Floor Description GIA ft 2 GIA m 2 1 Lower Ground 2 Bedroom Flat 800 74.4 2 Lower Ground 2 Bedroom Flat 855 79.4 3 Lower Ground 2 Bedroom Flat 732 68.0 4 Lower Ground 1 Bedroom Flat 644 59.8 5 First 1 Bedroom Flat 549 51.0 6 First 1 Bedroom Flat 630 58.6 7 First 1 Bedroom Flat 617 57.3 8 Second 2 Bedroom Flat 661 61.4 9 Second 1 Bedroom Flat 607 56.4 Total 6,095 566.2 Indicative Visualisation
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TENURE The property will be sold freehold with vacant possession on completion. VAT The property is not elected for VAT. Offers are invited in excess of 2,250,000. ADDITIONAL INFORMATION Further information including planning documents can be found in our dataroom using the access code Garratt. CONTACT To discuss any aspect of the property of disposal process, please contact the sole selling agents: Jordan Oldfield 020 7183 2529 jordan.oldfield@kingsbury-consultants.co.uk Joe Goldsmith 020 7183 2529 joe.goldsmith@kingsbury-consultants.co.uk 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: 06869268. Indicative Rear Elevation