CAMDEN LOCK QUARTER Morrisons, Chalk Farm Road, Camden, NW1 8AA
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CAMDEN LOCK QUARTER Morrisons, Chalk Farm Road, Camden, NW1 8AA A SIGNIFICANT CENTRAL LONDON DEVELOPMENT PROMOTION OPPORTUNITY Overview OVERVIEW • A unique Central London Planning Promotion opportunity • Substantial Freehold and Long Leasehold site extending to circa. 3.2 Hectares (circa. 8 Acres) • Located within the heart of Camden Town • A potential wholesale redevelopment site with opportunity to maximise site bulk and massing • Suitable for a range of mixed uses, including Residential and Retail, subject to gaining the necessary consents • An opportunity to work alongside one of Britain’s most established supermarket brands, Wm Morrison Supermarkets, to promote the site and unlock significant value. CAMDEN LOCK IS SITUATED WITHIN THE CENTRAL LONDON BOROUGH OF CAMDEN, LOCATED APPROXIMATELY TWO MILES TO THE NORTH OF LONDON’S WEST END LOCATION Location Camden Town is a vibrant part of London and is globally renowned for its markets, independent fashion, music and entertainment venues. It is home MILLIONS OF VISITORS ARE to a range of businesses, small and large, notably in the media, cultural and creative sectors attracted by its unique atmosphere. DRAWN TO CAMDEN EACH Camden is considered to be one of the major creative media and advertising YEAR FOR ITS THRIVING hubs within London. It has a strong business reputation and is a magnet to software consultancies, advertising firms and publishing houses. It is also MARKETS AND FAMOUS considered a key linchpin in the Soho – Clerkenwell media triangle. ENTERTAINMENT VENUES. Approximately 30,000 full time students live in the Borough of Camden, attracted by the large number of colleges and universities within close Unlike shopping areas such as Oxford Street and Regent Street which proximity. A high proportion of Camden’s students are from overseas and are characterised by huge international retailers with prominent flagship are drawn to the area because of its Central London location and the calibre stores, Camden provides an alternative and unique experience for the of higher education insitutions within the vicinity. shopper focusing on an independent bespoke retailing culture. CAMDEN RD LOCATION MAP Morrisons, Chalk Farm Road, Camden, NW1 8AA KENTISH TOWN ROAD KENTISH TOWN WEST YORK WAY ROYAL COLLEGE ST CHALK FARM CAMDEN ROAD CHALK FARM ROAD THE ROUNDHOUSE CAMDEN ROAD CAMDEN LOCK CAMDEN LOCK QUARTER CAMDEN TOWN ROYAL COLLEGE STREET CAMDEN STREET PRIMROSE HILL JAZZ CAFE CAMDEN HIGH STREET YORK WAY prince albert rd PARKWAY KOKO MORNINGTON CRESCENT REGENTS PARK EVERSHOLT STREET KING’S CROSS CALEDONIAN RD Map is for indicative purposes only and not HAMPSTEAD ROAD ST.PANCRAS INTERNATIONAL to scale PENTONVILLE ROAD EUSTON EUSTON ROAD LOCATION A CIRCA. 8 ACRE CENTRAL LONDON DEVELOPMENT SITE Regent’s Park Primrose Hill CAMDEN LOCK QUARTER Map is for indicative purposes only and not Camden Town to scale Camden Lock DESCRIPTION S F O T W E o 3 r M k R s R 19 W D R o 1 rks E I A N 2 E 17 H 4 A The site extends to approximately 3.2 T N D P 4 6 CAMDEN s 6 k L r 1 A o o t CE W Hectares (circa. 8 Acres) and is bounded 0 1 1 3 t o 9 74 LOCK to to the East and West by railway lines. 7 1 7 1 1 6 1 7 3 8 3 1 4 LB 7 0 PH 2 9 The South of the site is bounded by Oval 6 67 to 7 s 7 0 k C r H o A 6 2 OVERFLOWS LK 5 t o 5 F 66 6 W AR 0 8 Road and Gilbeys Yard. Camden Lock M R OAD to 62 5 0 9 1 0 1 5 4 8 57 also runs to the South of the site. TCB 56 2 WITH A 54 1 28.2m PH 50 a 49 1 El VARIETY OF Sub 48 47 Sta 4 Camden Market is located to the East 28.0m 6 45 1 44 1 43 4 2 41 and runs under the railway track 39 COLOURFUL 38 37 36 PH underneath the South Eastern corner 35 MP 1 R .50 C MARKETS, of the site. There is a pedestrian access 2. Circa. 1 Acre 28.6m 34 route to Camden Market from the car SHOPS, 28 Shelter 54 park via a staricase. to 64 rea RESTAURANTS, 6 9 t o C 7 H 8 The Stables Market BARS, PUBS, The site is split into three sections: Play Area T 8 CLUBS, AND 1. The main Morrisons site, accessed 5 t o 9 2 9 3 t o from Chalk Farm Road via Juniper 1 0 0 THEATRES. 0 1 9 Crescent 1 2 The Morrisons Petrol Filling Station THE TOWN l site which is located on an island b Sta ATTRACTS site, accessed from Chalk Farm Road (separate to the main site) CROWDS OF 3. Circa. 0.32 Acres 3. The leasehold element which forms LONDONERS the South Eastern tip of the main AND TOURISTS Posts Morrisons site and only covers the 1. Circa. 6.68 Acres ta l S E b A LIKE. car park surface u S 82 to 75 to 67 Posts 74 to 59 The existing Morrisons supermarket 51 66 to 8 extends to approximately 77,500 sq ft. 5 to D 43 W 50 Plan not to scale and 42 (GIA) and 42,000 sq ft. (NIA) with large for indicative purposes areas of hard standing customer car only. Please note that the 4 1 3 Bols t o 7 3 0 plan outlines the historic 0 parking to the East. The retail unit is 8 o t 1 ls 29 Bo W Posts to Morrisons store, 5 a 2 D re 8 R P 2 A 1 serviced via a small access road that runs h l 3 o Y a u YS y s E A B r e IL e pre-exstension G a 1 Pp 4 Southampton along the very Western edge of the site, Sta Warehouse Bridge FB 0 2 th 4 a alongside the railway line. There is a bus 2 P 44 ing o w t To e 2 1 t a 4 2 Pir e t h o T stle Ca 2 8 stop to the Northern edge of the site and Su bw ay El Sub Sta 38 7 7 3 there are various access points and rights 7 y a w ub S 38 7 6 1 of way across the site – please access to 5 32.5m 42 5 the data room in order to review the title 6 The Lockhouse 5 3 information pack for further details. PH 31.8m 7 7 3 3 8 5 5 1 5 E 34.1m 0m 25m 50m C 75m 1 A 8 L P 5 32.5m 0 E ID S Ordnance SurveyR © Crown Copyright 2015. All rights reserved. Licence number 100022432. Plotted Scale - 1:1317 This plan is published for convenience of identification. Any site boundaries shown are indicative only and should be checked against Title Deeds. ES753998 PLANNING SYNOPSIS Nathaniel Lichfield & Partners (NLP) has undertaken a planning appraisal of the main supermarket site and the petrol filling station. The petrol filling station site (Use Class Sui Generis) is located within Regents Canal Conservation Area and is adjacent to Camden Market which includes a number of Listed Buildings. The main supermarket site has been the established use on the site for approximately 20 years. The planning appraisal highlights that the sites benefit from a high accessibility level (PTAL 6a) and are within the boundary of Camden Town, which is identified as a Major Centre. This therefore means the sites are considered as suitable locations for high density, residential-led mixed use development. The London Plan (FALP) density matrix outlines that the current supermarket site could potentially deliver between 392 – 1,134 units and the petrol filling station site could potentially deliver circa. 57 units – 166 units. NLP outline that the general height of the development could be expected to be around 4-7 stories across the supermarket site, with scope for some taller elements, where this would not affect the protected view, heritage assets and local amenity. LB Camden consider the concept of ‘context’ to be central to any tall building prospects and therefore regard should be given to the existing context and any development proposals should ensure they complement the scale and massing of the surrounding buildings. Please access the data room to review the full Nathaniel Lichfield & Partners Planning Appraisal. Plan not to scale and for indicative purposes only. Please note that the plan outlines the historic Morrisons store, pre-exstension LEGAL Camden Lock Quarter consists of two freehold titles: The main CLQ site is held under Freehold title number NGL703708 and the petrol filling station site is held under Freehold title number NGL755432. Parts of the Freehold title are subject to a lease of underground tunnels. The lease is held under NGL861194 The main CLQ site also benefits from a long leasehold interest in the South East corner of the site (part of the current Morrisons surface car park), which lies above Camden Market. The lease length is 999 years (from 17 February 2006) over this section, and only covers the car park surface with the freehold being owned by Triangle Extension’s Limited. The lease is held under title number NGL861438. NGL703708 (FREEHOLD) The data room contains a comprehensive title review including details of electricity sub-stations, access rights / agreements, restrictions and services. NGL861438 (LEASEHOLD) CAMDEN PROVIDES AN ALTERNATIVE AND UNIQUE SHOPPING EXPERIENCE. FOCUSING ON A BESPOKE NGL755432 (FREEHOLD) RETAIL CULTURE PLANNING PROMOTE The Brief: Promoter submissions should include: Wm Morrisons would like to work with a Planning Promote specialist in order to provide an appropriate planning strategy for their significant land holding in Camden.