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Addlestone Surrey

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Addlestone Surrey FREEHOLD DEVELOPMENT OPPORTUNITY (Subject to Planning) Land to the West of Byfleet Road New Haw Addlestone Surrey On behalf of: January 2017 Site Disposal Byfleet Road, Addlestone Development opportunity in the heart of Surrey. OVERVIEW ° Total site area of 7.85 hectares (19.39 acres). ° The majority of the surrounding land use to the north is residential, with industrial use ° Popular residential location approximately 5 and Brooklands Business Park situated to the minutes walk from Byfleet and New Haw south. train station. ° The site is currently designated as a housing ° Located approximately 3 miles form Junction reserve site in the Runnymede Local Plan 11 of the M25. 2001. ° The site is subject to two leases with vacant ° The site has been included in the within the possession due in September 2017. Strategic Land Availability Assessment (SLAA) 2016 as ‘Byfleet Road’ (Site ID - No. 51). ° Vehicular access stems directly from Byfleet Road along the eastern boundary. N Source: Bing Maps – Not to Scale Site Disposal Byfleet Road, Addlestone Development opportunity in the heart of Surrey. LOCATION / DESCRIPTION The site is located in the small village of New The site extends to approximately 7.85 hectares Haw, south of Addlestone, Surrey. It is located (19.39 acres) and is broadly rectangular in approximately 26 miles (41.8 km) south west of shape. There are five electricity pylons on site London, falling within the M25 and the Borough with overhead power lines. of Runnymede. The town is approximately 12 miles (19.3 km) south of Heathrow Airport, in The site is situated at the southern most end of close proximity to the M3 and J11 of the M25. New Haw, bordered by the River Wey (west), The site is also well served by the A318 and Byfleet Road/A318 (east) and a railway line A245 which provides a link to the A3. (south). The nearest train station is Byfleet & New Haw, The majority of the surrounding land use to the situated approximately 0.2 miles (0.32 km) north is residential, with industrial use to the from the site on the eastern side of Byfleet south and Brooklands Business Park situated to Road. Direct services run to London Waterloo the southeast of the site. To the east lies the twice an hour, taking approximately 45 minutes. Byfleet Road Electricity Switching Station, which remains operational. The M25 overhangs The site is accessed from the main gate at the the south western corner of the site. northern end of the eastern boundary. N Land at Byfleet Road Source: Google Maps – Not to Scale Site Disposal Byfleet Road, Addlestone Development opportunity in the heart of Surrey. SITE PLAN The site is held under three separate titles; North – SY667514 Mid – SY117871 South – SY176745 All three titles are held by National Grid Property Holdings Ltd and are being offered for sale as one. The plan below illustrates the three titles and further information can be found in the information pack. N Not to scale - Indicative purposes only Site Disposal Byfleet Road, Addlestone Development opportunity in the heart of Surrey. PLANNING POTENTIAL TENANCIES Planning Authority : Runnymede Borough Council Jackson Civils Engineering Planning policy for the borough is determined Approximately 0.10 hectares (0.25 acres) of by the adopted Local Development Framework the site is currently let for 12 months from 17 (LDF). August 2016 to allow the tenant to carry out M25 Highway Works. The site is currently designated as a housing reserve site in the Runnymede Borough Council’s Either party may terminate this Lease at any Adopted Local Plan (2001). The Council have time following the 6th month of the term by commenced the consultation on their new giving not less than 1 months notice. emerging local plan up to 2035, and the site has been included within the Interim Strategic Land The tenant is not protected by the security of Availability Assessment (2016) referenced as tenure provisions of the Landlord and Tenant Site ID number 51 allocated as a reserve Act 1954. housing site, designated for an ‘open space residential led development’. National Grid Electricity Transmission Plc The information pack also incudes a flooding Approximately 0.40 hectares (1 acre) let for 12 risk note and a flood plan illustrating the flood months from 15 September 2016. The lease is zones based on the Environment Agency Flood currently being formalised and the tenant will Map for Planning. The plan illustrates 3.81 not be protected by the security of tenure hectares (9.42 acres) of land within Flood Zone provisions of the Landlord and Tenant Act 1, with the remainder falling into Flood Zones 2 1954. and 3. The lease will contain a mutual break option The information pack also contains a Transport on 7th April 2017 and each month thereafter, Feasibility Report illustrating the impact of subject to 1 months prior written notice. development on the local roads and site access as well as a Factual Desk Study relating to the ground condition of the site. Please note all environmental information is redacted to provide factual information only. The information pack includes a Topographical Survey in both PDF and DWG form. The site is not situated within the Green Belt, however the Wey Navigation Conservation Area runs along the western boundary of the site, protecting the River Wey. The river Wey is also identified as a Site of Nature Conservation Importance (SNCI’s). View of the south eastern corner of the site. Site Disposal Byfleet Road, Addlestone Development opportunity in the heart of Surrey. SITE PHOTOS Main site access to the north of the site View north east along site access road View towards the eastern site boundary Aerial shot looking towards the west extent of the site Site Disposal Byfleet Road, Addlestone Development opportunity in the heart of Surrey. METHOD OF SALE Offers are invited for the freehold interest in the property. Offers are invited on a subject to planning and unconditional basis. Offers must be submitted via hardcopy or email format to: Emma Bouch , BNP Paribas Real Estate 5 Aldermanbury Square, London EC2V 7BP [email protected] Offers are to be received no later than 12 noon on 23 March 2017 . Prospective purchasers are required when submitting offers to provide the following information: ° Offers must be submitted on letter headed paper, stating the purchasing entity; ° The name of your solicitors; ° Full evidence of your financial ability to complete the purchase; ° Details of any conditions attached to your offer and the timescales to discharge them; ° Confirm that you have read and taken into account the contents of the Information Pack; ° Include sales revenue overage, sell-on overage and planning clawback proposals within your offer. ° Proposed payment structure. The vendor does not undertake to accept the highest or any offer submitted. Where an offer is made by an agent it must be accompanied by a letter from their principal outlining and confirming the basis of the offer made. FURTHER INFORMATION An Information Pack is available from the dedicated Property website at www.byfleetroad-addlestone.com . The information pack contains the following information; 1. Title Information 2. Topographical Survey 3. Planning Site Appraisal 4. Transport Feasibility Report 5. Environmental Report – Factual Desk Study* 6. Flooding Risk Note *Please note that all Environmental reports will be redacted to only include factual information. VIEWINGS Accompanied site viewings will be conducted by the vendor’s sole agents, BNP Paribas Real Estate on selected dates. Please contact the below agents for further information; ALEX ELSEY JODIE FALLS EMMA BOUCH +44 (0) 20 7338 4047 +44 (0) 20 7338 4261 +44 (0) 20 7338 4300 [email protected] [email protected] [email protected] For more information please contact: Alexander Elsey +44 (0) 20 7338 4047 [email protected] Jodie Falls +44 (0) 20 7338 4261 [email protected] Emma Bouch +44 (0) 20 7338 4300 [email protected] Misrepresentation Act 1967: BNP Paribas Real Estate Advisory & Property Management UK Limited for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1. These particulars do not constitute, nor constitute any part of, an offer or contract. 2. None of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. 3. Any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither BNP Paribas Real Estate Advisory & Property Management UK Limited nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. Finance Act 2013: Unless otherwise stated all prices and rents are quote exclusive of VAT. The Business Protection from Misleading Marketing Regulations 2008: These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. January 2017.
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