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Norbury Hall Parkside

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Norbury Hall Parkside NORBURY HALL PARKSIDE LONDON SW16 4RW South London Freehold Residential Opportunity with outline Planning Consent for 73 Units, 5,773 sq ft of D1 space and 11,067 sq ft of B1b/B1c space EXECUTIVE SUMMARY • Site of 0.46 hectares/1.13 acres presently comprising 7 industrial units totalling 25,037 sq ft/2,326 sq m GIA • Freehold with vacant possession • Parkside new build residential opportunity located 0.3 km from Norbury Train Station with direct access to Norbury Hall Park • New build scheme on ground and 6 upper floors with outline planning permission (landscaping only reserved matter) for; - 51 private units (6x1b, 38x2b, 7x3b) totalling 37,840 sq ft - 14 shared ownership units (4x1b, 8x2b, 2x3b) totalling 9,783 sq ft - 8 affordable rent (2x1b, 4x2b, 2x3b) totalling 5,798 sq ft - 6 B use units totalling 11,068 sq ft/1,028 sq m - 3 D1 units totalling 5,774 sq ft/536.4 sq m • All units are likely to qualify for Help to Buy • Potential for value add through alternative apartment layouts, reconfiguring the commercial uses and landscaping/ parking relocation • For sale via informal tender. Offers are sought for the freehold interest on an unconditional basis CGI of consented scheme looking west along Craignish Avenue PAGE 01 NORBURY HALL PARKSIDE LONDON SW16 4RW NUFFIELD HEALTH CENTRE LONDON ROAD NORBURY HALL PARK CRAIGNISH AVENUE NORBURY STATION 200m PAGE 02 NORBURY HALL PARKSIDE LONDON SW16 4RW LOCATION Norbury Hall Parkside fronts onto Craignish Avenue, which runs to the east of London Road (A23), Norbury’s high street and is within the LB Croydon. Norbury is bordered by Streatham to the north, Thornton Heath/Croydon to the south and Norwood/Crystal Palace to the east. The immediate area is principally residential and comprises Victorian terraced housing with post war infill. London Road benefits from a range of local shops, supermarkets and amenities, including Nuffield Health Norbury as well as a Co-op and a Lidl. The site is situated in the heart of Norbury, adjacent to Norbury Hall Park and is a 7-minute walk from Norbury Overground Station. Norbury is known for its historical parks and generous green open spaces and further afield, amenities include the Streatham Ice Rink, Streatham Common and Pollards Hill. Local schools include Norbury Manor Primary School, The Sherwood School, St James Great RC, The Harris Academy and St Joseph’s College. There has been relatively limited new build development within the vicinity of Norbury, principally due to the lack of land opportunities. PAGE 03 BALHAM A 2 0 5 0 5 A 2 EARLSFIELD 9 22 B B WEST DULWICH 2 4 2 TULSE HILL Dulwich Park EARLSFIELD LE A V D STREATHAM M F OREST U A R HILL IGHA 2 N B LE 1 S 9 HILL 2 F TOOTING A 9 2 O Tooting Bec 7 2 G BEC R A T O SOUTHFIELDS 3 R D O Common R A T R I T N T G A O L B A A E C SYDENHAM HILL 2 N R 2 D E O A D WEST NO RWOOD 1 6 D TOOTING A WES T O 12 R 2 BROADWAY A M A SYDENH NOR W OOD SYDENHAM A STREATHA M 2 1 HAYDONS 7 A214 A Crystal Palace 2 ROAD 4 A GIPSY HILL 2 3 14 Streatham Park 4 S TREATHAM A 2 Common 6 1 CR YS TA L 2 L A O B TOOTING N E P ALA CE U PENGE EAST SOUTH D L STREATHAM A COLLIERS A WIMBLEDON O H CRYSTAL PA LACE 2 WOOD COMMON H N 1 3 G IL 2 R L 1 E R 2 E N A O L PENGE A A Norbury N D E Park A D 2 3 6 A KENT HOUSE C ANERLEY NORBURY O H R 4 S U A O R 2 3 N NORBURY HALL U 4 C A T 3 H 1 A 2 H 2 W PARKSIDE CLOCK HOUSE R N A MITCHAM O O O R A EASTFIELDS R D D W A B O 2 O D RO 7 D R Morden 3 R H Hall Park O I BIRKBECK L N DON A L MITCHAM M OY R MORDEN A 2 C 3 Micham 9 Common P O R A THORNTON T 2 3 L ELMERS END 6 HEATH A N NORWOOD D A JUNCTION R MORDEN THORNTON 2 O 1 7 4 SOUTH A 2 2 D 2 2 9 HEATH A T L A MITCHAM COMMON A O 2 H 7 3 1 6 N O 2 JUNCTION SELHURS T A D R O A D N A N 2 O R 3 T R ST HELIER L 7 O L O I B M A D 2 N N 7 D I W 2 3 R 4 2 O B A . D AV E W 2 AT R 22 G Y A I T H RE E L A WEST CROYDON N E 3 2 CROYDON A 2 SUTTON COMMON PAGE 04 NORBURY HALL PARKSIDE LONDON SW16 4RW LONDON ST PANCRAS C R O S S R A I L C R O S S R A I L LONDON KENSINGTON BLACKFRIARS OLYMPIA VICTORIA LONDON CONNECTIVITY BRIDGE CLAPHAM Norbury Hall Parkside benefits from strong transport links JUNCTION and has a PTAL rating of 4. Norbury Station (zone 3) is 300 metres to the north and provides direct services to Clapham Junction (14 minutes), London Victoria (20 minutes), London NORBURY Blackfriars (35 minutes) and East Croydon (10 minutes). Bus routes 50, 109 and 255 run along London Road providing good EAST access to Stockwell, Balham, Pollards Hill and Croydon town CROYDON centre along with a 24 hour bus service to Brixton. GATWICK AIRPORT TRAVEL JOURNEY TIMES Buses towards Streatham Streatham Hill . Station Travel Time Transport V A Brixton R A I London Victoria 23 Minutes Southern R B GREEN LANE E London Blackfriars 35 Minutes Thameslink AD L S RO L I N V E N D London Bridge 40 Minutes Southern OLMER C A R R A G G ST Clapham Junction 17 Minutes Southern REAT Norbury Park 'P1ndar HA Kensington Olympia 29 Minutes Southern M N O R East Croydon 10 Minutes Southern BU NUE VE RY A HIGH RO LOCAL BUS ROUTES OAD NORBURY E R Gatwick Airport 38 Minutes Southern / Thameslink H FA ROC IR NO VI R Route Destination AD BU E R Y London St Pancras 40 Minutes Southern / Victoria Line W C . RD R E S 50 Croydon - Stockwell C EN EN’S RD T T HEL S 109 Brixton - Croydon D ROAD STANFOR RAIGN C ISH 250 Brixton - Croydon D LEY ROA A SEM V . L OFT ROAD ON 255 Balham - Pollards Hill TYLECR NORBURY D HALL OUGH ROAD O PARKSIDE NORTHBOR N N109 Oxford Circus - Croydon R URT ROAD O NORBURY CO A D Local Bus Stops AVENUE BEATRICE ILL NORTH POLLARDS H Buses towards Croydon PAGE 05 NORBURY HALL PARKSIDE LONDON SW16 4RW SITE The existing site totals 0.46 hectares/1.13 acres and is bounded by Craignish Avenue to the north, Norbury Hall Park to the east and terraced properties fronting onto London Road to the west. The site benefits from a 71m/235 0 ft frontage to Norbury Hall Park and a return frontage onto Craignish Avenue of 94m/310 ft and is broadly level. At 2a present, the site is separated from Norbury Hall Park by way of iron fencing, albeit the outline planning permission 1358 allows for direct park access. PCs 1356 The site presently comprises 7 industrial units totalling 1354 25,037 sq ft/2,326 sqm GIA. The existing buildings are 1 3 4 8 either single or two storey and comprise brick facades with t Tel Ex o 1 to 9 1 35 steel shutter doors. 0 TCB 1 7 13 3 39 1 TCB CRAI GNISH AVENUE 19 13 46 El 41.1m 91 3 1 Sub Sta 6 5 PCs 1 4 7 3 8 8 133 3 1 1 3 1 3 3 4 3 Norbury Trading Estate 6 13 32 1 1 3 37 3 1 0 SH ER 39.9m 1 PH 32 LOCK 6 C L OS E 9 35 1 1 to 113 7 Radnor House 35 1 3 35 1 PAGE 06 NORBURY HALL PARKSIDE LONDON SW16 4RW PLANNING PERMISSION The site is located in the London Borough of Croydon, is not listed and is not part of a conservation area. Its current use is as industrial (B2/ B8) and community use (D1). The property benefits from outline planning permission with landscaping the only reserved matter (Ref 19/00305/OUT) for; Demolition of the existing buildings, Erection of 3 to 5 storeys and part 6/part 7 storey building to provide for 1,028 square metres B1b/B1c Use Class, and 536 square metres D1 Use Class and 73 residential flats comprising 50 x 2 bedroom flats, 12 x 1 bedroom flats, and 11 x 3 bedroom flats, provision of associated off-street parking comprising 28 residential car parking spaces and 4 commercial parking spaces, and provision of associated cycle storage and refuse storage, and provision of associated landscaping and amenity space. View from the west The S106 (dated 10/12/2019) provides for 30% affordable housing as a mixture of Affordable Rent and Shared Ownership and the Affordable Rent is defined within the S106 as London Affordable Rented Housing (80% of local market rents).
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