11-13 Thames Street, Kingston upon Thames, London
11-13 Thames Street, Kingston upon Thames, London, KT1 1PH
11-13 Thames Street, Kingston upon Thames, London, KT1 1PH Residential Led Mixed Use Development Opportunity
CGI of permitted scheme
11-13 Thames Street, Kingston upon Thames, London, KT1 1PH
Executive Summary
• Residential led mixed use development opportunity in central Kingston, south west London. • Property located within 100 metres of the River Thames. • Three storey commercial building within a site extending to approximately 0.18 acres (0.07 hectares). • Planning permission for the redevelopment of the site to provide for a mixed-use development comprising 463 sq m (4,984 sq ft) NIA of retail floor area and 26 private residential units. • Combined residential Net Saleable Area of approximately 1,534 sq m (16,512 sq ft). • Approximately 650 metres (0.4 miles) south west of Kingston National Rail station. • For sale Freehold with vacant possession.
CGI of permitted scheme
11-13 Thames Street, Kingston upon Thames, London, KT1 1PH
Location The Property is located on the western side of Thames Street, at its junction with Bishop’s Hall within Kingston upon Thames. The central location of the Property means it will benefit from proximity to an extensive range of shops, bars and restaurants situated along Thames Street, within Kingston Market Place and Clarence Street. Nearby occupiers include Cath Kidston, The White Company, Jack Wills and Reiss. The Property also benefits from close proximity to the River Thames and Riverside Walk which can be accessed from Bishop’s Hall. Across the river itself is Hampton Court Palace and Gardens which boasts 60 acres of formal gardens and 750 acres of parkland. The Property is well served by public transport as indicated by its PTAL rating of 6a. Kingston National Rail station is approximately 0.65 kilometres (0.4 miles) to the north east, providing direct access to London Waterloo (30 minutes*) and Vauxhall station (25 minutes*) which provides connections to the London Underground Network (Victoria Line). There are also multiple bus routes operating along Eden Street to the south and the A308 to the north providing services to Putney, Wimbledon and Richmond. (www.tfl.gov.uk)
Description
The Property comprises a vacant 3 storey commercial building with a Grade II listed façade, consisting of retail uses (A1) at ground and first floor level and storage/ancillary uses at second floor. The Property sits within a broadly rectangular site extending to approximately 0.18 acres (0.07 hectares). The frontage to Thames Street consists of two buildings, Number 11 and Number 13, the former of which is Grade II listed and is located within the Kingston-Upon Thames Old Town Conservation Area. The building has undergone extensive
work internally and only the façade remains of the original structure. The rear of the existing building was developed in the 1980s.
11-13 Thames Street
Planning The Property falls within the jurisdiction of the Royal Borough of Kingston upon Thames and is located within the Old Town Conservation Area. Number 11 Thames Street is a Grade II listed building. The site benefits from planning permission (Ref: 17/12088/FUL) and Listed Building consent (Ref: 17/12089/LBC) for the following development: “Partial demolition of 11-13 Thames Street (with the retention of the Listed facade) and construction of a five storey attached building to provided retail (A1) at ground floor level and 10 x 2 bed and 16 x 1 residential units (C3) above.”
CGI of permitted scheme
The development will be subject to a Mayoral CIL contribution of £33,935.94 and a Local CIL contribution of £87,025.80. The proposed schedule of accommodation is set out below: Unit Type
Number NSA/NIA NSA/NIA GIA of Units sq m sq ft Sq m
GIA Sq ft
Private Residential
26
1,534
16,512
-
-
Commercial
-
463
4,984
-
-
26
1,997
21,496
Total
2,394 25,769
Retail
The retail unit is currently being marketed by Brasier Freeth for a term of years to be agreed, incorporating 5 yearly upward only rent reviews.
NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
11-13 Thames Street, Kingston upon Thames, London, KT1 1PH Residential Led Mixed Use Development Opportunity Tenure The property is for sale freehold with vacant possession.
Method of Sale The site will be sold by way of informal tender (unless sold prior). Offers are sought for the freehold interest.
VAT The site is elected for VAT.
Guide Price Offers in excess of £8,000,000.
Viewings Internal viewings are strictly by appointment; please contact the sole selling agents to make an appointment.
Further Information Further information including technical and legal documentation is available at: www.savills.co.uk/11_13thamesstreet
Contacts For further information please contact: Andrew Cooper
+44 (0)207 016 3848 [email protected]
Robert Pollock
+44 (0) 207 409 8114 [email protected]
Eleanor Hannam
+44 (0) 203 320 8211 E: [email protected]
Important Notice Savills and their clients give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Sale particulars produced March 2018.
NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
Internal CGI of consented scheme
11-13 Thames Street, Kingston upon Thames, London, KT1 1PH Residential Led Mixed Use Development Opportunity
CGI of permitted scheme
11-13 Thames Street, Kingston upon Thames, London, KT1 1PH
Executive Summary
• Residential led mixed use development opportunity in central Kingston, south west London. • Property located within 100 metres of the River Thames. • Three storey commercial building within a site extending to approximately 0.18 acres (0.07 hectares). • Planning permission for the redevelopment of the site to provide for a mixed-use development comprising 463 sq m (4,984 sq ft) NIA of retail floor area and 26 private residential units. • Combined residential Net Saleable Area of approximately 1,534 sq m (16,512 sq ft). • Approximately 650 metres (0.4 miles) south west of Kingston National Rail station. • For sale Freehold with vacant possession.
CGI of permitted scheme
11-13 Thames Street, Kingston upon Thames, London, KT1 1PH
Location The Property is located on the western side of Thames Street, at its junction with Bishop’s Hall within Kingston upon Thames. The central location of the Property means it will benefit from proximity to an extensive range of shops, bars and restaurants situated along Thames Street, within Kingston Market Place and Clarence Street. Nearby occupiers include Cath Kidston, The White Company, Jack Wills and Reiss. The Property also benefits from close proximity to the River Thames and Riverside Walk which can be accessed from Bishop’s Hall. Across the river itself is Hampton Court Palace and Gardens which boasts 60 acres of formal gardens and 750 acres of parkland. The Property is well served by public transport as indicated by its PTAL rating of 6a. Kingston National Rail station is approximately 0.65 kilometres (0.4 miles) to the north east, providing direct access to London Waterloo (30 minutes*) and Vauxhall station (25 minutes*) which provides connections to the London Underground Network (Victoria Line). There are also multiple bus routes operating along Eden Street to the south and the A308 to the north providing services to Putney, Wimbledon and Richmond. (www.tfl.gov.uk)
Description
The Property comprises a vacant 3 storey commercial building with a Grade II listed façade, consisting of retail uses (A1) at ground and first floor level and storage/ancillary uses at second floor. The Property sits within a broadly rectangular site extending to approximately 0.18 acres (0.07 hectares). The frontage to Thames Street consists of two buildings, Number 11 and Number 13, the former of which is Grade II listed and is located within the Kingston-Upon Thames Old Town Conservation Area. The building has undergone extensive
work internally and only the façade remains of the original structure. The rear of the existing building was developed in the 1980s.
11-13 Thames Street
Planning The Property falls within the jurisdiction of the Royal Borough of Kingston upon Thames and is located within the Old Town Conservation Area. Number 11 Thames Street is a Grade II listed building. The site benefits from planning permission (Ref: 17/12088/FUL) and Listed Building consent (Ref: 17/12089/LBC) for the following development: “Partial demolition of 11-13 Thames Street (with the retention of the Listed facade) and construction of a five storey attached building to provided retail (A1) at ground floor level and 10 x 2 bed and 16 x 1 residential units (C3) above.”
CGI of permitted scheme
The development will be subject to a Mayoral CIL contribution of £33,935.94 and a Local CIL contribution of £87,025.80. The proposed schedule of accommodation is set out below: Unit Type
Number NSA/NIA NSA/NIA GIA of Units sq m sq ft Sq m
GIA Sq ft
Private Residential
26
1,534
16,512
-
-
Commercial
-
463
4,984
-
-
26
1,997
21,496
Total
2,394 25,769
Retail
The retail unit is currently being marketed by Brasier Freeth for a term of years to be agreed, incorporating 5 yearly upward only rent reviews.
NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
11-13 Thames Street, Kingston upon Thames, London, KT1 1PH Residential Led Mixed Use Development Opportunity Tenure The property is for sale freehold with vacant possession.
Method of Sale The site will be sold by way of informal tender (unless sold prior). Offers are sought for the freehold interest.
VAT The site is elected for VAT.
Guide Price Offers in excess of £8,000,000.
Viewings Internal viewings are strictly by appointment; please contact the sole selling agents to make an appointment.
Further Information Further information including technical and legal documentation is available at: www.savills.co.uk/11_13thamesstreet
Contacts For further information please contact: Andrew Cooper
+44 (0)207 016 3848 [email protected]
Robert Pollock
+44 (0) 207 409 8114 [email protected]
Eleanor Hannam
+44 (0) 203 320 8211 E: [email protected]
Important Notice Savills and their clients give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Sale particulars produced March 2018.
NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
Internal CGI of consented scheme
