136 Honeypot Lane, Kingsbury, London NW9 9QA Residential Development Opportunity

CGI of proposed scheme 136 Honeypot Lane, Kingsbury, NW9 9QA

EXECUTIVE SUMMARY

• A development opportunity located in Kingsbury, northwest London (Zone 4).

• The site benets from resolution to grant planning permission to provide 50 residential units extending to 3,558 sq m (38,300 sq ft) NSA, with a further 39 car parking spaces.

• 10 affordable housing units, all of shared ownership tenure.

• Good proximity to Central London, with excellent transport links (Jubilee Line).

• Site area of 0.254 hectares (0.63 acres).

• Freehold with vacant possession.

CGI of proposed scheme

CGI of proposed scheme CGI of proposed scheme Existing property 136 Honeypot Lane, Kingsbury, NW9 9QA

LOCATION Kingsbury is a northwest London Suburb located in the London Borough of Brent. The subject site is located on the corner of Honeypot Lane and Rose Bates Drive. The immediate surrounding area is predominantly in residential use with substantial green areas and mature trees. The site is located approximately 500m (0.3 miles) from Queensbury Underground station (Jubilee Line - with a journey time of 20 minutes to Bond Street - source TFL). Road communications are excellent with links to the M1 via the nearby A5 offering connection to the North Circular Road (A406) at Junction 1.

SITUATION The site comprises a former two-storey residential care Existing property home of approximately 1,417 sq m (15,252 sq ft) GIA in size. Honeypot Lane is directly adjacent to Alpine Place

Plan is indicative only. Not to scale. which is a ve-storey new build apartment scheme WATFORD developed by Network Living in 2015. N WA D Y OA H A5 N R O ON ND N Nearby amenities include a Morrison's supermarket and LO E Y M1 P pharmacy, B&Q, Aldi and Kingsbury High Schools. There O T are a number of public open spaces nearby including G A4008 L R A EA N T Queensbury Park, Roe Green Park and N WA A404 E

Y A409 PROPERTY Eton Grove.

A4006

A4006 A5 PLANNING HARROW WA Planning Permission 17/1829 | Demolition of the T

F O existing care home building and redevelopment of the A4005 R A5 A312 D

R site comprising the erection of a ve-storey building

O A4088 A OA providing 50 self-contained ats (4 studios, 11 x 1-bed, D R D IGH H 23 x 2-bed and 12 x 3-bed) with associated basement level car and cycle parking space, bin stores, amenity A404 space and landscaping | The Willows, 136 Honeypot A40 Lane, London, NW9 9QA. The architects for the scheme were HWO. 136 Honeypot Lane, Kingsbury, NW9 9QA

FRYENT COUNTRY PARK

ROE GREEN PARK

KINGSBURY

ETON GROVE

136 HONEYPOT LANE

QUEENSBURY c.200m from this point Red line boundary indicative only. 136 Honeypot Lane, Kingsbury, NW9 9QA

PROPOSED SCHEME SECTION 106 AGREEMENT The planning permission is subject to a Section 106 Summary GIA Agreement which is to be nalised. It will require the provision of 10 affordable housing units, all of which are Floor sq m sq ft shared ownership tenure, and the current draft contains Basement 1,204 12,960 nancial obligations totalling £100,570. Ground 906 9,752 First 911 9,806 Second 911 9,806 Third 885 9,526 Fourth 790 8,503 CIL Mayoral CIL will be charged at £35 per sq m GIA (plus Total 5,607 60,353* indexation) and London Borough of Brent CIL will be charged at £200 per sq m GIA (plus indexation) for residential uses. Relief may be claimed for the oorspace Residential NSA of the existing building to be demolished and the affordable housing. Total Average sq m sq ft sq m sq ft Private 2,762 29,724 69 743 Intermediate 797 8,576 80 858 SITE Total 3,558 38,300* 71 766 The site totals approximately 0.254 hectares (0.63 acres). Above - Proposed Ground Floor. This plan is for information only. Not to scale. * Removing basement car park, the gross net area is c.20% TENURE The property is being sold freehold with vacant Unit Mix possession.

Studio 1 Bed 2 Bed 3 Bed Total There is an electricity substation on the site, leased for a Private 4 9 20 7 40 Intermediate - 2 3 5 10 term of 50 years from 1982, which is to be relocated in the proposed scheme. Total 4 11 23 12 50

VAT This property is elected for VAT.

Above - Proposed First Floor. This plan is for information only. Not to scale. 136 Honeypot Lane, Kingsbury, London NW9 9QA Residential Development Opportunity

METHOD OF SALE The property is for sale freehold with vacant possession, subject to the termination of the existing guardian agreement. Bids will be invited by way of informal tender {unless sold prior}.

FURTHER INFORMATION Further information relating to the property and consented scheme is available at:

www.136honeypotlane.com

CGI of proposed scheme

Matt Hunter MRICS MISREPRESENTATION ACT Darren Arnold MRICS These particulars are believed to be correct and, where practicable, reasonable 020 7409 9926 020 7079 1954 steps have been taken to ensure their accuracy, however this cannot be [email protected] [email protected] guaranteed. They do not form part of any offer or other contract. The owner of this property does not make or give, representations or warranties in relation to this property. Aston Rose (West End) Limited, Savills and its employees do not accept Sean Cooper MRICS Kevin Neun any responsibility for information supplied to them by the owner or any third party. 020 3026 4092 Any intending purchaser or lessee must satisfy itself by inspection or otherwise as 020 7409 9948 to the correctness of the particulars. All measurements are approximate. The plans [email protected] [email protected] in these particulars are published for convenience of identification only, and although believed to be correct, their accuracy is not guaranteed and do not form part of any contract.

OCTOBER 2017