Portobello Road Particulars

For Sale Residential Development Opportunity On behalf of Transport for London June 2020

Land between Ladbroke Grove Station and Portobello Road, W10 6HJ  Development potential  Part of the GLA’s Small Sites Small Builders Programme  Area of vegetated land between Ladbroke Grove and Portobello Road  Designated as a Site of Importance for Nature Conservation  Site area approximately 1.08 acres (0.44 hectares)  Long leasehold (250 years) for sale via informal tender  Subject to planning offers invited for 50% affordable housing  Bid deadline 12 noon Monday 24th August 2020

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08449 02 03 04 www.london.gov.uk/smallsites GLA Small Sites Programme Description TfL is delivering a number of small sites to the market as The site is inaccessible open space located adjacent part of the GLA’s Small Sites Programme. The to the Hammersmith and City Line/Circle line tracks. It is programme intends to: vegetated with a moderate covering of brambles and semi-mature trees. Historically the site was used as an  Bring small publicly owned sites forward for allotment but currently it is part used as a playground residential-led development and leased by Notting Hill Preparatory School.

 Invigorate new and emerging ‘sources of supply’ The site is roughly rectangular in shape (narrowing to including small developers, small housing the west) and extends to approximately 1.08 acres associations, community-led housing groups and (0.44 ha). The topography rises from west to east. There self builders. is no access onto the site other (than operational access) although there is an opportunity to provide Location access from Portobello Road and Ladbroke Grove.

The site is located between Ladbroke Grove Station and TfL is likely to retain access rights over a 3 meter strip for Portobello Road and is within the London Borough of maintenance of the adjoining railway/sidings. This area Kensington and Chelsea. will need to be considered a no-build zone.

As well as Ladbroke Grove Underground Station, Westbourne Park Underground Station which is also Planning served by the Circle and Hammersmith and City Lines is The site has no active planning applications or located circa 500 metres to the east of the site’s eastern permissions for a change of use or redevelopment at boundary. The Westway (A40) is located to the north of present. The eastern end of the site is adjacent to a the site, providing access into Central London and conservation area, to the south along Portobello Road. towards the M40 motorway. In terms of ecological designations, the site is Portobello Road is directly adjacent to the east of the designated as a Site of Importance for Nature site, with Ladbroke Grove to the west. Directly to the Conservation (SINC) in the RBKC Local Plan (2019) and North of the site is the Circle line running tracks with the therefore full redevelopment of the site may not be Westway beyond. To the south of the site there is the considered appropriate and it is likely that open space Isaac Newton Centre/Chepstow House School, a youth will need to be retained on the site. Furthermore, the centre and Notting Hill primary school which are site is within a critical drainage area and mitigations accessed from Lancaster Road. may need to be provided. Mature trees on the site may need to be protected.

The site may be suitable for sensitively designed development. Development will need to be mindful of the amenity of neighbouring properties and the nearby Schools should be included in any discussions. Development fronting Portobello Road should provide uses that complement the special shopping district area of Portobello road on the ground floor. There may be opportunities to provide improved links between Ladbroke Grove and Portobello Road.

Please refer to TfL’s Town Planning Overview on the GLA’s Small Site’s Marketing Portal for further information and provided for guidance only.

Avison Young Xx Month 20xx Property ref: avisonyoung.co.uk/xxxx 65 Gresham Street, London EC2V 7NQ

1) Avison Young hereby gives notice that the information provided (either for itself, for any joint agents or representations of fact but satisfy themselves of their correctness by inspection or otherwise. for the vendors lessors of this property whose agent Avison Young is )in this brochure is provided on the 4) No person in the employment of Avison Young, or any joint agents, has any authority to make or following conditions: give any representation or warranty whatsoever in relation to the property or properties in this 2) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or brochure. lessees and do not constitute an offer or contract, or part of an offer or contract. 5) All prices quoted are exclusive of VAT. 3) All descriptions, dimensions and references to this property’s condition and any necessary permission for 6) Avison Young shall have no liability whatsoever in relation to any documents contained within the use and occupation, and any other relevant details, are given in good faith and are believed to be brochure or any elements of the brochure which were prepared solely by third parties, and not by correct. However, any intending purchasers or tenants should not rely on them as statements or Avison Young. Notting Hill Prep. School Ltd—Lease expiring on the 12th Information Pack October 2024 at a passing rent of £22,604 pa. The following information can be downloaded from the GLA Small Sites marketing portal: Alpha Plus Group Ltd—Lease expiring on the 2nd of May 2027 at a passing rent of £10,000 pa.  Geotechnical Feasibility Report  Topographical Survey (Part of Site) Draft Documentation  Flood Risk Report Template legal documentation has been developed  Unexploded Ordinance Survey for use as part of the GLA Small Sites Programme. This is available on the GLA Small Sites marketing portal and  Technical Report Summary includes a summary explaining how the documents  Planning Overview work.

 Report on Title Viewings  Replies to CPSEs The site can be viewed externally from Ladbroke Grove  Draft Legal Documentation and Portobello Road. Title VAT The site is held freehold by London Underground Limited under title numbers BGL75494, BGL46522, BGL108815, The purchase price will be exclusive of any VAT. BGL121501, BGL132465 . TfL will grant a 250 year lease However, we understand that TfL has not exercised its over the plot. option to tax the property.

Title documents and a summary report can be Terms downloaded from the GLA Small Sites marketing portal, although purchasers will be expected to rely on their We are seeking subject to planning offers via informal own enquires in relation to title matters. tender for schemes comprising 50% affordable housing.

All bids should be submitted on a specific bid proforma Tenancies available on the GLA Small Sites marketing portal and The site is subject to two leases which we have emailed to [email protected] by 12 noon on summarised below. We understand that both leases are Monday 24th August 2020. subject to a 6 month termination clause:

Isabelle Garner Thomas Boxall James Warner

[email protected] [email protected] [email protected]

07785 261 047 07939 536 862 07983 707 228

Avison Young Xx Month 20xx Property ref: avisonyoung.co.uk/xxxx 65 Gresham Street, London EC2V 7NQ