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Riverside Development Opportunity Clapton

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Riverside Development Opportunity Clapton Riverside Development Opportunity Clapton Lea Bridge Works, Lea Bridge Road, Clapton, London E5 9RJ Freehold Indicative Site Boundary - for identification only. Photograph taken April 2014 ■ Riverside development opportunity in the London Borough of Waltham Forest. ■ Approximately 5.68 hectares (14 acres) principally used as a storage depot for contractors. ■ Potential for redevelopment, subject to the necessary consents. ■ Pre-application discussions with the London Borough of Waltham Forest that considered potential for residential-led redevelopment of the site. ■ Approximately 800 metres from Clapton London Overground Station and 450 metres from Lea Bridge Station which is due to open in Spring 2016. ■ Freehold. savills.co.uk/londonland Location and Description The site extends to approximately 5.68 Clapton London Overground Station is hectares (14 acres). It is used as a depot approximately 800 meters to the west The site occupies a prominent riverside principally for the storage of materials and provides direct services into London location on the River Lea on the borders and plant associated with infrastructure Liverpool Street for the City of London and of Clapton in the London Borough of refurbishment for Thames Water. The site connections to the London Underground Hackney and Leyton in the London is largely covered in hardstanding, with network. Work is currently underway Borough of Waltham Forest. The property three traditional buildings at the north to re-open Lea Bridge Station, which is is accessed from Lea Bridge Road (A104), west corner and a number of modern and approximately 450 meters east of the a key arterial route that runs north east temporary buildings elsewhere across site. The station is expected to open in from Hackney to Walthamstow, Leyton the site. The land is relatively flat, though Spring 2016 and will provide services into and north east London. The site is located there are steep drops beyond the eastern Stratford (Jubilee and Central Lines and within the Lee Valley Regional Park. boundary to an adjacent footpath and DLR) and Tottenham Hale (Victoria Line), along the south western boundary formed significantly improving connectivity to To the immediate west on the opposite by the River Lea. London Underground for this area of the side of the River Lea is Millfields capital. Several bus routes run along Lea Park, beyond which are the urban Bridge Road into central London. neighbourhoods of Clapton and Hackney. A number of modern developments have been completed in the area around Millfields Park including The Wharf, developed by a joint venture between A2 Lea Bridge Road Dominion and Sherrygreen Homes, Altius a development constructed by TaylorC C Wimpey fronting Millfields Park and the River Lea, and Paradise Park, constructed by Vision Homes. C C D WF/LEABR/2841 To the east is The Waterworks NatureC C & & Reserve and beyond is an area of D industrial warehouses and the northern C C WF/LEABR/2840 parts of Leyton. The site is bounded to the & & north by Lea Bridge Road, with Lee Valley Ice Centre on the opposite side of the D D road. The River Lea bounds the site along & & D its south west side, with Middlesex Filter ACC 1 Beds Nature Reserve and Hackney Marsh D2 playing fields to the south. & & & 4 C C C C D 3 & & & & & 6 & & C C C C D D C C C C & & & & D & & & & & & & & & D D C C C C D D D & & D & & & & & & & & & & & & & & NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced fromPrinted the Ordnance By: rhill Survey Map withMap the permissionCentre On of: the535826, Controller 186675 of H.M. Stationery0 Office25 © Crown50 copyright licence100 150 200 Thamesnumber Water 100024244Print Savills Date (UK): 18/08/2009 Limited. Centre Tile No. : TQ3586NE Meters Current Scale : 1:2,128 & &Map & & & & & & & & & & & & & & Comments: Please enter comments here: Copyrights: Unauthorised reproduction prohibited. Crown Copyright Reserved. ± NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (UK) Limited. Planning residential-led scheme of 449 units (175 x 1 ‘gateway’ setting at the boundary of Bed, 153 x 2 Bed, 109 x 3 Bed apartments the Borough. The letter also refers to The site is within the jurisdiction of the and 12 x 4 Bed Mews Houses) in buildings considering options that involve demolition London Borough of Waltham Forest. up to 7 storeys, as well as 287 car parking and redevelopment of the warehouse It does not sit within a Conservation Area. spaces. The proposals include the retention buildings at the north west corner of the The ‘Engineers House’ at the north west of the historic buildings and more than half site (which was not proposed in the pre- corner of the site is Locally Listed. The site of the site for accessible MOL, returning it application scheme). is currently designated as Metropolitan to public use. Open Land (MOL), although it’s current Details of the pre-application enquiry use prevents any public access and use. A written response to this enquiry has submissions, including the indicative been provided by the LPA. This draws scheme and the written response from A pre-application enquiry was submitted to attention to the LPA’s commitment to LB Waltham Forest are available in the Local Planning Authority in September discussions on the future of the site, the the dataroom. 2015 with illustrative proposals for the importance of providing a significant part redevelopment of the site to provide a of the site as public open space and it’s Lee Valley Regional Park Lea Valley Ice Centre Lee Valley Park The Waterworks LEA BRIDGE ROAD The Wharf Leisure/ visitor centre T h e Engineer’s House The Princess of Wales R I V E R L E A Pre-application Submission - Illustrative Masterplan R I V E R L E A Middlesex Hackney Filter Beds Marshes Nature Reserve Millfield Park 1.2000@A3 Lee Valley Park Lea BridgeThe RoadWaterworks Illustrative masterplan N a t i o n a l C y c l e R o u t e 1 October 2015 Lea Valley Ice Centre BLACK PATH ROUTE LEA BRIDGE ROAD Leisure/ visitor centre R I V E R L E A T h e Engineer’s House Middlesex Filter Beds Nature Reserve Pre-application Submission - Illustrative 3D Model R I V E R L E A Lea Bridge Road Illustrative masterplan October 2015 Tenure and Tenancies VAT Further Information The property is held freehold. The sale is to The property is elected for VAT. Further information, including EPCs for the be made subject to six leases, which are existing buildings on site, is available at due to be entered into (prior to completion Method of Sale www.savills.co.uk/leabridgeroad of the sale) between Thames Water and its contractors for use of the site for office use The property will be sold by way of informal and / or as a contractor’s compound. All tender (unless sold prior) and unconditional of the leases will have a term of two years offers for the freehold interest will be invited. and will contain a landlord’s right to break Further details of the tender process will be anytime after 31 December 2016 upon provided in due course and a bid pro-forma giving three months’ written notice. All of will be made available on the dataroom. the leases are to be contracted outside of the Landlord and Tenant Act 1954. The Viewings current form of leases are available in the dataroom. Viewings are strictly by appointment, please contact the sole selling agents to arrange The vendor, Thames Water Utilities Limited, an inspection. will retain a right of way to access the land at the south east boundary of the site, which shall not be included in the area for sale. Indicative Site Boundary - for identification only Important Notice Savills, their clients and any joint agents give notice that: 1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Sales particulars produced October 2015. Savills Sean Cooper Ed De Jonge 33 Margaret Street +44 (0)20 7409 9948 +44 (0)20 7016 3849 London [email protected] [email protected] W1G 0JD +44 (0) 207 409 8088 savills.co.uk/londonland.
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