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Home , Hampstead, Kilburn Grange Park, West Hampstead

254 Kilburn High Road, NW6 2BS North West London Residential Led Development Opportunity

CGI of Proposed Scheme 254 Kilburn High Road, London NW6 2BS

Summary • Residential led development opportunity in Kilburn, North West London, overlooking • A 0.21 hectare (0.52 acre) site currently occupied by part demolished industrial buildings • Resolution to grant planning permission for demolition of existing buildings and construction of 60 residential apartments (45 private, 15 affordable) extending to a total of approximately 4,640 sq m (49,943 sq ft) NSA and 958 sq m (10,302 sq ft) GIA of commercial space • 300 metres (0.2 miles) from and 500 metres (0.3 miles) from Kilburn Stations • For sale freehold with vacant possession

LOCATION & DESCRIPTION

254 Kilburn High Road is a roughly rectangular The site benefits from a quiet situation and shaped site of approximately 0.21 hectare green outlook, with Kilburn Grange Park to the (0.52 acre) situated off Kilburn High Road (A5) immediate north east. The site is bounded at within the . Kilburn the north by Kilburn Grange Park Headhouse is bordered by West to the east, and to the south by 248 Kilburn High Road. with Queens Park, and St. John’s The south western boundary is formed by Wood to the south. and The the rear of properties fronting Kilburn High Regent’s Park are approximately 2.1km (1.4 miles) Road, which are predominately in retail use at to the south east. ground floor with residential uppers. Access Kilburn High Road is immediately accessible to the site is from Kilburn High Road. from the site and provides a range of amenities The site has excellent access to transport links with convenience and boutique retail and a PTAL Rating of 6a. Brondesbury London options along with numerous cafés, bars Overground Station is located approximately and restaurants. The renowned and 300m north of the site providing services to restaurants of West End Lane are just 600m to (6 minutes) and the north east. The area surrounding Kilburn Junction (7 minutes) (source: tfl.gov.uk). Kilburn High Road is suburban in nature with a mix of London Underground Station is located residential architectural styles. The site benefits 500m north of the site, which provides Jubilee from immediate access to Kilburn Grange Park, Line services to Baker Street (9 minutes), which provides 8 acres of open space with Bond Street (11 minutes) and (27 tennis courts and a multi-use games area. minutes) (source: tfl.gov.uk). A number of bus The site comprises 2 warehouses and a row services operate outside the entrance to the of buildings up to 4 storeys previously used as site, including the 16 towards Victoria, the 32 a marble workshop (Class B1a, B1c and B8). The towards and 316 to White City. warehouses have been part demolished and the other buildings on site are in a poor state Kilburn Grange Park of repair.

254 Kilburn High Road, London, NW6 2BS

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191 254 Kilburn High Road, London NW6 2BS

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TOWN PLANNING The property falls under the jurisdiction of the London Borough of Camden and is not in a Games Court Conservation Area. There are no statutorily or locally listed buildings on the site. The Grade II Listed Black Lion Public House lies to the north east of the site. 278 Kilburn Grange Park A resolution to grant planning permission (Ref: 2015/2775/P) has been passed for: B T la he ck L (P “Redevelopment of the site (following H) ion TCBs Wa demolition of existing buildings) to provide re

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a mixed use development, comprising the Health Shelter se t erection of six storey building (with set back Centre 275 W 268 ATL

R ING top floor) to provide commercial space 264

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2 ST 271 RE (Classes B1 and B8) and 60 dwellings plus cycle R OAD ET 2 62 parking, 2x disabled car parking bays, refuse/ 254 246 recycling facilities and access together with 256 landscaping including outdoor amenity

42.2m 252 space.” 59

The Tricycle 2 244

SECTION 106 AND CIL Kilburn Grange

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The Section 106 Agreement linked to the

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251 Tennis Courts permission is currently being finalised. 240 P 238 2

The current draft contains obligations TCBs G 1 R NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. StationeryA Office.

N requiring payment of the following financial 3 G © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes ofE identification CGI of proposed scheme W contributions: only and although believed to be correct accuracy is not guaranteed. AY

E TCBs l S 6 ub to 236 1 S

Contribution Amount ta 237 The BlackThe Lion,National Kilburn High Road Club Affordable Housing Court W y ater 12 £773,800 to kle lo 7 c o u P

Contribution B assage 231

234 Environmental Improvement TCBs Let 0m 10m 20m 30m te r £80,000 Box 2 Contribution P

Ordnance Survey © Crown Copyright 2016. All rights reserved. Highways Contribution £5,000 Licence number 100022432. Plotted Scale - 1:1250 Public Open Space £89,303 Contribution Travel Monitoring Contribution £3,001 Total £951,104 The London Borough of Camden adopted their Community Infrastructure Levy in April 2015, which is set at £250 per sq m for residential development and £25 per sq m for commercial uses where the site is located. Mayoral CIL in the Borough is currently set at £50 per sq m. CIL rates are subject to indexation. 254 Kilburn High Road, London NW6 2BS

PROPOSED DEVELOPMENT The proposals comprise a mixed use scheme of 60 generously sized residential apartments and 3 B1/B8 commercial units. The residential and commercial space would be arranged over a part-5, part-6 storey building, with the 6th storey element designed in an irregular form, reminiscent of the local warehouses and small factories in the area. The scheme has been designed to take advantage of the outlook over Kilburn Grange Park. All residential units will have private outdoor space in the form of a balcony or terrace. The commercial units will provide flexible B1/B8 space and have access to an outdoor amenity space. A summary of the proposed residential accommodation and commercial space is set out below:

1 Bed 2 Bed 3 Bed Private Sale 10 20 15 Shared Ownership 4 3 - Affordable Rent - 4 4 CGI of proposed scheme

Residential NSA Sq M Sq Ft Private Sale 3,474 37,398 Shared Ownership 453 4,873 Affordable Rent 713 7,672 Total 4,640 49,943 Commercial GIA Tricycle Theatre, Kilburn High Road Sq M Sq Ft Unit 1 (B1 / B8) 479 5,153 Unit 2 (B1 / B8) 306 3,289 Unit 3 (B1 / B8) 173 1,860 Total 958 10,302 Scheme GIA

Sq M Sq Ft View of site from park Total inc plant and circ. 6,755 72,712 TENURE & OVERAGE There is a restriction on the freehold title relating to a revenue overage made with the previous owner. The agreement provides for payment of 10% of the private residential revenue achieved over a threshold of £750sqft NIA (payable within 5 working days of the final residential unit’s legal completion). The revenue overage deed is available on the online dataroom.

The Alice House, West End Lane CGI of proposed scheme 254 Kilburn High Road, London NW6 2BS

CGI of proposed scheme 254 Kilburn High Road, London NW6 2BS North West London Residential Led Development Opportunity

METHOD OF SALE The property will be sold by way of informal tender (unless sold prior).

VAT The site is elected for VAT.

VIEWINGS For access on to the site please contact the selling agents to make an appointment.

FURTHER INFORMATION Further information, including a full legal pack, can be found on the following website: www.savills.com/254kilburnhighroad

CONTACTS Darren Arnold Sean Cooper Mohan Sidhu 020 7409 9926 020 7409 9948 020 7409 8077 [email protected] [email protected] [email protected]

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. Designed and Produced by Savills Marketing: 020 7499 8644 | May 2016 CGI of proposed scheme