Residential Led Mixed Use Development ... - SLIDEBLAST.COM
Residential Led Mixed Use Development Opportunity 358-364 London Road Mitcham, London CR4 3ND CGI of Permitted Scheme
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Freehold residential led mixed use development opportunity in the London Borough of Merton
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Site extends to approximately 0.11 hectares (0.27 acres), and was most recently in use as a garage
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Planning permission for the erection of a part 3 part 4 storey building comprising 22 private residential units above A1/ A2/A3/B1 uses at ground floor level
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Combined NSA of residential element of approximately 1,413 sq m (15,213 sq ft)
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For sale with vacant possession
Savills London 33 Margaret Street W1G 0JD
+44 (0) 20 7016 3848 savills.co.uk
NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
Location The site is located on the west side of London Road, at its junction with Broadway Gardens, approximately 0.97 km (0.6 miles) from the centre of Mitcham. The town centre provides a variety of local amenities including cafes/restaurants, independent and high street retailers and supermarket chains. The picturesque Mitcham Cricket Green is located to the east of the site, and Mitcham Common is 1.6 km (1 miles) to the east of the property, providing 460 acres of green open space. The site is well served by public transport and is located approximately 0.6km (0.4 miles) north of Mitcham Tramlink station, providing regular services to Wimbledon. Mitcham Eastfields National Rail Station is located 1.4km (0.9 miles) to the north, providing regular services into London Victoria (20 minutes) and London St Pancras (34 minutes).
Description The site is broadly rectangular in shape and occupies a corner plot at the junction of London Road and Broadway Gardens. It extends to approximately 0.27 hectares (0.11 acres). It extends to approximately 0.27 hectares (0.11 acres) and comprises a single storey former garage and MOT centre with associated hard standing for parking. The site is bound by residential properties to the west and south west, with predominantly commercial uses along London Road.
NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
Planning The property falls within the jurisdiction of the London Borough of Merton, and does not contain any listed structures but is located within the Mitcham Cricket Green Conservation Area.
The application is subject to a Section 106 agreement stipulating that a payment of £202,500 is paid in lieu or affordable housing being delivered on site.
The site benefits from planning permission (Ref: 15/P3114) for the following development:
The development will benefit from 5 on site parking spaces.
Mayoral CIL will be charged on the scheme at a rate of “Demolition of the existing building and the erection of a part 3, part £35 per sq m and the borough CIL will be charged by 4 storey building comprising 22 residential units and 195 sq m (GIA) Merton at a rate of £115 per sq m. of ground floor flexible retail/commercial floor space (A1, A2, A3 and B1 Use) including the provision of car and cycle parking and other associated developments”
Accommodation Schedule of Permitted Scheme Unit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Total NSA
Type 2 bed 2 bed 1 bed 1 bed 1 bed 1 bed 2 bed 2 bed 2 bed 1 bed 1 bed 1 bed 1 bed 2 bed 2 bed 2 bed 1 bed 1 bed 1 bed 1 bed 2 bed 3 bed
Floor G G 1 1 1 1 1 1 2 2 2 2 2 2 2 2 3 3 3 3 3 3
Total commercial area occupies a Gross Internal Area of 195 sq m (2,099 sq ft)
CGI of Permitted Scheme
Area sq m 73 75 54 53 51 51 78 75 73 54 53 51 51 78 75 73 54 53 51 51 78 110 1,413
Area sq ft 786 807 581 569 549 549 837 807 784 581 569 549 549 837 807 784 581 569 549 549 837 1,182 15,213
CGI of Permitted Scheme
Tenure
Further Information
The property is for sale Freehold with vacant possession.
Further information, technical and legal documentation is available at:
Method Of Sale
www.savills.com/londonroadcr4
The property will be sold by way of informal tender (unless sold prior). Offers are sought for the freehold interest on a wholly unconditional basis only.
Contacts
VAT The property is elected for VAT.
Viewings
Andrew Cooper T: +44 (0) 207 016 3848 E: [email protected] Lucy Robbie T: +44 (0) 207 409 5988 E: [email protected]
The site can be viewed externally from London Road. Important Notice Savills, their clients and any joint agents 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. 3. The freehold proprietor is acting by its LPA Receivers in relation to the sale of this property. Any prospective purchaser understands and acknowledges that the LPA Receivers will enter into the sale for and on behalf of the freeholder in their capacity as LPA Receivers pursuant to section 109 of the Law of Property act 1925 only, and notwithstanding the protection afforded to them pursuant to section 109 (2) of the Law of Property Act 1925 enter into the sale without any personal liability whatsoever on its part or the part of its agents, employees or advisors. Designed and Produced by Savills Marketing: 020 7499 8644 | April 2016
Andrew Cox T: +44 (0) 207 016 3851 E: [email protected]
g
Freehold residential led mixed use development opportunity in the London Borough of Merton
g
Site extends to approximately 0.11 hectares (0.27 acres), and was most recently in use as a garage
g
Planning permission for the erection of a part 3 part 4 storey building comprising 22 private residential units above A1/ A2/A3/B1 uses at ground floor level
g
Combined NSA of residential element of approximately 1,413 sq m (15,213 sq ft)
g
For sale with vacant possession
Savills London 33 Margaret Street W1G 0JD
+44 (0) 20 7016 3848 savills.co.uk
NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
Location The site is located on the west side of London Road, at its junction with Broadway Gardens, approximately 0.97 km (0.6 miles) from the centre of Mitcham. The town centre provides a variety of local amenities including cafes/restaurants, independent and high street retailers and supermarket chains. The picturesque Mitcham Cricket Green is located to the east of the site, and Mitcham Common is 1.6 km (1 miles) to the east of the property, providing 460 acres of green open space. The site is well served by public transport and is located approximately 0.6km (0.4 miles) north of Mitcham Tramlink station, providing regular services to Wimbledon. Mitcham Eastfields National Rail Station is located 1.4km (0.9 miles) to the north, providing regular services into London Victoria (20 minutes) and London St Pancras (34 minutes).
Description The site is broadly rectangular in shape and occupies a corner plot at the junction of London Road and Broadway Gardens. It extends to approximately 0.27 hectares (0.11 acres). It extends to approximately 0.27 hectares (0.11 acres) and comprises a single storey former garage and MOT centre with associated hard standing for parking. The site is bound by residential properties to the west and south west, with predominantly commercial uses along London Road.
NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
Planning The property falls within the jurisdiction of the London Borough of Merton, and does not contain any listed structures but is located within the Mitcham Cricket Green Conservation Area.
The application is subject to a Section 106 agreement stipulating that a payment of £202,500 is paid in lieu or affordable housing being delivered on site.
The site benefits from planning permission (Ref: 15/P3114) for the following development:
The development will benefit from 5 on site parking spaces.
Mayoral CIL will be charged on the scheme at a rate of “Demolition of the existing building and the erection of a part 3, part £35 per sq m and the borough CIL will be charged by 4 storey building comprising 22 residential units and 195 sq m (GIA) Merton at a rate of £115 per sq m. of ground floor flexible retail/commercial floor space (A1, A2, A3 and B1 Use) including the provision of car and cycle parking and other associated developments”
Accommodation Schedule of Permitted Scheme Unit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Total NSA
Type 2 bed 2 bed 1 bed 1 bed 1 bed 1 bed 2 bed 2 bed 2 bed 1 bed 1 bed 1 bed 1 bed 2 bed 2 bed 2 bed 1 bed 1 bed 1 bed 1 bed 2 bed 3 bed
Floor G G 1 1 1 1 1 1 2 2 2 2 2 2 2 2 3 3 3 3 3 3
Total commercial area occupies a Gross Internal Area of 195 sq m (2,099 sq ft)
CGI of Permitted Scheme
Area sq m 73 75 54 53 51 51 78 75 73 54 53 51 51 78 75 73 54 53 51 51 78 110 1,413
Area sq ft 786 807 581 569 549 549 837 807 784 581 569 549 549 837 807 784 581 569 549 549 837 1,182 15,213
CGI of Permitted Scheme
Tenure
Further Information
The property is for sale Freehold with vacant possession.
Further information, technical and legal documentation is available at:
Method Of Sale
www.savills.com/londonroadcr4
The property will be sold by way of informal tender (unless sold prior). Offers are sought for the freehold interest on a wholly unconditional basis only.
Contacts
VAT The property is elected for VAT.
Viewings
Andrew Cooper T: +44 (0) 207 016 3848 E: [email protected] Lucy Robbie T: +44 (0) 207 409 5988 E: [email protected]
The site can be viewed externally from London Road. Important Notice Savills, their clients and any joint agents 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. 3. The freehold proprietor is acting by its LPA Receivers in relation to the sale of this property. Any prospective purchaser understands and acknowledges that the LPA Receivers will enter into the sale for and on behalf of the freeholder in their capacity as LPA Receivers pursuant to section 109 of the Law of Property act 1925 only, and notwithstanding the protection afforded to them pursuant to section 109 (2) of the Law of Property Act 1925 enter into the sale without any personal liability whatsoever on its part or the part of its agents, employees or advisors. Designed and Produced by Savills Marketing: 020 7499 8644 | April 2016
Andrew Cox T: +44 (0) 207 016 3851 E: [email protected]
