ON BEHALF OF ADMINISTRATORS
Crayford Island 152-156 Crayford Road, CRAYford, London, DA1 4ES FOR SALE MIXED USE DEVELOPMENT OPPORTUNITY ON A PROMINENT ISLAND SITE
ENTER
Summary
CRAYFORD STATION
Location
Situation
Description
OS PLAN
PLANNING
FURTHER INFORMATION
CRAYFORD GREYHOUND TRACK
SAINSBURY’S
UNDER CONSTRUCTION DUE TO OPEN LATE 2016
BARCLAYS BANK
the property
SUMMARY • • •
F reehold development site in Crayford, south east London Site area 0.2 acres P art of Crayford Island development comprising a mixed-use scheme adjacent to a new Aldi store (opening autumn 2016)
• • • •
P re-application discussions based on 12 residential units and 2 ground floor retail units totalling 14,440 sq ft R esidential comprising 5 x 1 bed, 4 x 2 bed, and 3 x 3 bed. C ommercial comprising 2 retail units of 2,800 sq ft & 3,140 sq ft approximately. O ffers invited on an unconditional basis, subject to contract
Crayford Island, 152-156 Crayford Road, CRAYford, London, DA1 4ES Mixed Use Development Opportunity On A Prominent Island Site
02
2
2
Harrow 1 06 A4 Uxbridge A40
Slough 7
6
4
A4
10
11 3
A3
1 A13
Sheerness 1
M20
5
M26
2
4
3
5
6
Sittingbourne Faversham
5 9
M2
A24
7
Canterbury
A2
A2
8
A2
A229
Ashford Tunbridge Wells
A26
10
Ramsgate
A253
A28
7
M20
Tonbridge
East Grinstead
9
Crawley
6
A2
2
M23
Gatwick
4
1
A2
11
Horsham
Deal
CHANNE L TUNNEL
9 10
M20
11
12
13
Hythe
A2
Dover A20
59
Folkestone
A22
Crowborough
A2
Haslemere
6
A28
A299
8
A2
Haywards Heath
A272
Uckfield
8
A2
6
A2
4
1
A33
A2
Lydd/ashford A259
2
A2
A2
83
A27
A27
A27
Littlehampton Worthing Bognor Regis
Hove
Hastings
Lewes
Shoreham Brighton
Hailsham
A27
Newhaven
A259
Bexhillon-Sea
A22
8
4
3
Sevenoaks 1 A2
Oxted
A23
A34
Gillingham
2
Margate
Herne Bay
A2
6
10
M3 Romseylinks to Princes Road Crayford Road (A207) (B2174) to the south east14which becomes the Eastleigh Southampton 4 3 A225 then connects with the A282 at the Princes 1 Road interchange. The A282 is the QEII Bridge A3(M) SOUTHAMPTON M27 9of the M25 approach road which forms part 10 Ringwood A31 Hythe 5 12 Fareham motorway. A338 Gosport Lymington BournemouthNational Crayford Rail station isCowes circa Portsmouth 350 metres to the south of the property and has direct Ryde Christchurch connections to London CharingNewport Cross (41 Mins), London Bridge (40-44 mins), London Cannon Sandown BOURNEMOUTH Street (44-48 mins). Shanklin
M25
Reigate
6
54
4
M25
A3
A3
2
Swanley
Croydon
A24
Godalming
Tilbury
Whitstable
7
A3
9
Southend-on-Sea
Dartford
A2
A232
2
Guildford
A34
A3
CRaYFORD
0
8
Dorking
A303
1
A2
7
Canvey Island 30 31
Woolwich
A2
39 A3
8 A33
9
Leatherhead
A31
City
A205
Epsom
10
Woking
LONDON
A12
A127
M25
A13
Rayleigh
Brentwood 29
A41
Sutton
M25
28
A12
4
Kingston upon Thames
Staines 1
Camberley
1
Chigwell
M11
6
A40
Richmond
Heathrow
13
5
2 1
3
14
Crayford Road comprises predominantly commercial and retail property.Basingstoke The site is 5 M3 Aldershot 6 prominently situated overlooking Crayford Road Andover Farnham and is close to a Sainsbury’s superstore and Tower 8 Retail park. The western part of the CrayfordAlton Island site is currently being developed for a 4-unit retail scheme anchored by an Aldi food store 9 whichSalisbury is planned to open in Autumn 2016. Winchester A3
4
2
A1
26
25
Enfield
Barnet
A256
3
Marlow
M1
Beaconsfield
4
Devizes
A303
17
M25
24
5
A2070
A346
am
4
A34
19 A4
enham
M40
A414
3
The property is located in Crayford in south east 5 Didcot London, which is east of Bexleyheath and north west of Dartford. Central London is approximately Swindon 14 miles north west. The property is sited onHenleythe 16 on-Thames 15 southwestern side of Crayford Road (A207) in the town centre. It forms part of the ‘Crayford Island’ Reading 13 14 by Roman site which is bounded Way,M4London 12 Road and Crayford Road. The River Cray runs 11 Newbury immediately to the north of the property.
18
Clacton-on-Sea
Maldon
Chelmsford
7
22
19
Watford
High Wycombe
6
2
A1
M11
Hoddesdon
2
1
20
Amersham
Hatfield
3
7
Colchester
A120
A1
Abingdon
8
FURTHER INFORMATION
A120
6
Thame
20
A130
A420
7
A418
St 4 Albans
8
Bishop's Stortford
Ware
Hertford
A1 0
Cirencester
8
6
4
0
2
5
A413
A4
A4010
LOCATION
1 A4
Oxford
Hemel Hempstead
A60
Luton
9
Aylesbury
Kidlington
Witney
A4 2
9
A40
A40
M4
oole
10
Stansted
Stevenage
7
A1
Braintree
28
1
A3 4
6
A43
A1(M)
Luton
11
A4
8
Harwich PLANNING
A133
Dunstable
Bicester 9
A31
M1
A2
M40
A5
Felixstowe
OS PLAN
A2
Leighton Buzzard
Description
A2
4
9
Hitchin
A10
A4 3
A4
Stow-on- the-Wold
12 Situation
A23
Location 10
eltenham
9
A131
Letchworth
Summary
re
A
10
6
A4
Seaford
Eastbourne
Bus routes 96, 428 and 492 run close to the property which give direct access to Woolwich, Plumstead, Bexleyheath, Bexley, North Cray, Sidcup, Erith, Slade Green, Dartford and Bluewater Shopping Centre.
Crayford Island, 152-156 Crayford Road, CRAYford, London, DA1 4ES Mixed Use Development Opportunity On A Prominent Island Site
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Summary
Situation
Location
Description
PLANNING
FURTHER INFORMATION
The property is located in Crayford in south east London, situated on a site on the southwestern side of Crayford Road (A207) in the town centre.
BARNEHURST
ES M
PE RR YS
A TH
TR EE T
A206
AD RO
BI O
N RO
WA TL
AD
STRE E
A206
T
A20 7
D
A
N W AY
RO
A
M
AD
HA
RO
RN
R NE
TOWER RETAIL PARK
RO A D
ROM
OU 3 B A 22
BU
LON DON
A2
CRAYFORD ISLAND DEVELOPMENT SITE
6 02 A2
IN G
NN WAY BOB DU
06 A2
CRAY
FORD
ROA D
CRAYFORD
S
A2018
HOME
N GD
4 17 B2
CRAYFORD
WES T HIL L
HIGHFIELD R D
AL
A 2000
DWA Y
PR INC
2
2
O
A2
AD
E AN
01
8
23 A2
A2
ORD RO AD RTF DA
L EY EXL DB OL
B2174
LOWFIELD STREET
A2
R
D OA TR
ES
S UR
OS PLAN
Crayford Island, 152-156 Crayford Road, CRAYford, London, DA1 4ES Mixed Use Development Opportunity On A Prominent Island Site
04
Summary
Location
Situation
Description
OS PLAN
PLANNING
FURTHER INFORMATION
DESCRIPTION The site is mainly rectangular-shaped and totals 0.2 acres (0.08 hectares). There is a right of way across the Aldi scheme for loading and accessing the residential units.
Artist’s Impression
Crayford Island, 152-156 Crayford Road, CRAYford, London, DA1 4ES Mixed Use Development Opportunity On A Prominent Island Site
05
Summary
Location
Situation
Description
OS PLAN
PLANNING
FURTHER INFORMATION
For indicative purposes
Crayford Island, 152-156 Crayford Road, CRAYford, London, DA1 4ES Mixed Use Development Opportunity On A Prominent Island Site
06
Summary
Location
Situation
Description
OS PLAN
PLANNING
FURTHER INFORMATION
PLANNING The Local Planning Authority is the London Borough of Bexley. In Bexley’s Unitary Development Plan (UDP) the property lies within the ‘Major District Centre Boundary of Crayford’ and is classed as ‘Core Shopping Frontage’. The Council’s Planning Strategy identifies town centres as the main focal points of activity and in particular shopping and related services. Bexley’s adopted Core Strategy suggests that the areas in and around its larger town centres, including Crayford, have potential to accommodate growth.
GROUND FLOOR RETAIL
Policy CS10 of the Core Strategy suggests that it is the Council’s aspiration to achieve 50% affordable housing as a proportion of all provision. In residential schemes of 10 units or more, the Council will seek the maximum reasonable amount of affordable housing. In particular: •
A minimum of 35% affordable housing
•
A target of 70% will be social rented and 30% will be intermediate housing unless otherwise agreed.
FIRST FLOOR RESIDENTIAL
Any potential re-development which included residential uses would need to have regard to the Bexley’s Housing Standards Policy Transition Statement (2015) which Includes space standards. Pre-applications discussions have taken place with Bexley where a sketch scheme comprising 2 ground floor retail units and 12 flats over 1st and 2nd floors totalling 14,440 sq ft was proposed. The positive pre-app response has suggested creating a four-storey central element on the corner of the building (facing out onto Crayford Road) with the remainder of the building being a maximum of 3-storeys high. The sketch scheme document and planning officer’s response letter are available via the property’s data room.
SECOND FLOOR RESIDENTIAL
Crayford Island, 152-156 Crayford Road, CRAYford, London, DA1 4ES Mixed Use Development Opportunity On A Prominent Island Site
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Summary
Location
Situation
Description
OS PLAN
PLANNING
FURTHER INFORMATION
TENURE
OFFERS
The freehold is available with vacant possession, subject to any existing rights, reservations and obligations.
Site inspections should be arranged by prior appointment with Glenny LLP although due to the condition of the main building, internal inspections are not presently possible. The property is also visible from the public highway; from both Crayford Road and London Road, as well as from the banks of the River Cray. Glenny takes no responsibility for any injury or accident at the property.
Offers are invited for the freehold interest on an unconditional basis, subject to contract and should be addressed to Christopher Clark or James McFeely at the following address: Glenny LLP 5th Floor Unex Tower 5 Station Street London E15 1DA Or via email to:
[email protected] or
[email protected] FURTHER INFORMATION & DATA ROOM
All offers are to be received by no later than 12 noon on Wednesday 18th May 2016 and should state:
INSPECTIONS
Further details on the property including architect’s sketch scheme and planning officer’s pre-application advice are available via the property’s dedicated data-room. Access to the data-room is available upon request.
VAT Any guide price quoted or discussed is exclusive of VAT. Any VAT chargeable will be in addition to this figure and payable by the purchaser.
• • • • •
The amount being offered A timescale for exchange and completion of contracts Any pre-exchange conditions (e.g. surveys) Assumptions upon which the bid is based Details of how the purchase will be funded
Please note the vendor reserves the right not to accept the highest or indeed any offer received. The property is sold by Administrators without title guarantee and subject only to the Buyer’s own enquiries and inspections. For further information contact: Christopher Clark 020 3141 3522
[email protected] James McFeely 020 3141 3520
[email protected] Misrepresentation Act 1967 Glenny LLP for themselves and for the Vendors or Lessors of this property whose agents they are give notice that: 1. All descriptions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 2. Any services mentioned have not been tested and therefore prospective occupiers should satisfy themselves as to their operation. 3. These particulars are produced in good faith, and set out as a general guide only and do not constitute part of any offer or contract. 4. No person in the employment of Glenny LLP has any authority to make or give representation or warranty whatsoever in relation to this property. 5. All prices and rents are quoted exclusive of VAT unless otherwise stated. Designed and produced by Creativeworld. Tel 01282 858200. April 2016.
Crayford Island, 152-156 Crayford Road, CRAYford, London, DA1 4ES Mixed Use Development Opportunity On A Prominent Island Site
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