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Former Streatham Police Station, 101 Streatham High Road, Streatham SW16 1HJ Residential Development Opportunity For Sale www.kingsbury-consultants.co.uk Former Streatham Police Station, 101 Streatham High Road, Streatham SW16 1HJ
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
SUMMARY
• Former Police Station arranged over 3-storeys plus basement, occupying a site extending to approximately 0.57 acres
• Resolution to grant planning permission for the conversion of the existing building, plus the erection of a new 2/4 storey building to create 41 residential units (17 x 1 bed, 18 x 2 bed & 4 x 3 bed apartments & 1 x 3 bed house) tolling 27,226ft2 plus 3,121ft2 of commercial space
• 27 of the proposed units will be for open market sale and 14 units designated for Affordable Housing (9 x Social Rent & 5 x Shared Ownership)
• Popular residential location approximately 0.3 miles from Streatham Station, providing direct services into Central London (London Victoria) in under 20 minutes
• Offers invited in excess of £7,500,000 for the vacant freehold interest www.kingsbury-consultants.co.uk Former Streatham Police Station, 101 Streatham High Road, Streatham SW16 1HJ
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
DESCRIPTION
The property as existing comprises the former Streatham Police Station, occupying a prominent corner position on the junction of Streatham Road and Shrubbery Road. We understand the site has been operated as a Police Station since 1865, however the property is now vacant since being identified as surplus to the Mayor’s Office for Policing and Crime requirements.
The building is arranged over basement, ground and two upper floors, with a 2-storey rear extension. To the rear of Shrubbery Road is a former residential house arranged over ground and three upper floors. The two buildings are interlinked. We understand the property extends to approximately 18,022ft2 (NIA) and occupies a site of circa 0.57 acres.
The property further benefits from off-street parking for 20 cars and is accessed via Shrubbery Road. LOCATION
The property is located within the London Borough of Lambeth on the corner of Streatham High Road and Shrubbery Road. The immediate location provides a broad mix of both residential and commercial uses, with an extensive retail offering on Streatham High Road including numerous Ordnance Survey © Crown Copyright 2019. All Rights Reserved. Licence number 100022432 shops, cafes, restaurants, bars and other amenities. Plotted Scale - 1:1250. Paper Size - A4
Due to its proximity to Central London and its reputation as being a more affordable area of South-West London, Streatham is a popular residential location for young professionals, small families and buy-to-let investors. We have outlined a selection of developments in the local area and their current status, please refer to our location map.
Streatham Station is located approximately 0.3 miles from the property, providing direct London Overground services into Central London.
Journey times include: London Victoria 18 minutes | St Pancras International 30 minutes | London Bridge 30 minutes www.kingsbury-consultants.co.uk Former Streatham Police Station, 101 Streatham High Road, Streatham SW16 1HJ
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
PLANNING & DEVELOPMENT POTENTIAL NEW BUILD
A resolution to grant planning permission was made in September 2019 (application CONVERSION reference: 18/04474/FUL) for the comprehensive redevelopment of the site, involving the extension and conversion of the existing building to create 21 residential units, plus 3,121ft2 of commercial space (B1a Use Class). The proposed scheme also incorporates a new- build element of part-2, part 4 storeys to provide an additional 20 apartments, creating 41 residential units in total.
The proposed consent is subject to a Section 106 agreement obligation for 14 of the units for Affordable Housing (9 x Social Rent & 5 x Shared Ownership), alongside financial contributions totalling approximately £208,312.A CIL liability of circa £215,730 is payable.
A link to the full accommodation schedule can be found here.
Open Shared Social Description Total NIA ft2 NIA m2 Market Ownership Rent
1B2P Apartment 13 2 2 17 8,761 814
2B3P Apartment 9 3 4 16 10,904 1,013
2B4P Apartment 2 - - 2 1,603 149
3B4P Apartment 2 - 3 5 5,022 467
3B4P House 1 - - 1 936 87
Total: 27 5 9 41 27,226 2,530
Proposed layout showing new build and conversion elements www.kingsbury-consultants.co.uk Former Streatham Police Station, 101 Streatham High Road, Streatham SW16 1HJ
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
TENURE
The property will be sold freehold with vacant possession upon completion.
VAT
The property is not elected for VAT.
TERMS
Offers are invited in excess of £7,500,000.
ADDITIONAL INFORMATION
Further information including planning and legal documents are available within our dataroom using the access code ‘Police’.
CONTACT To discuss any aspect of this property or the disposal process, please contact the sole selling agents:
Joe Goldsmith 020 7183 2529 [email protected]
Jordan Oldfield 020 7183 2529 [email protected]
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 Visualisation