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Land at Hereford Place, New Cross, London SE14 6LF Residential Development Opportunity For Sale www.kingsbury-consultants.co.uk Land at Hereford Place, New Cross, London SE14 6LF
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
SUMMARY
• Cleared site extending to circa 0.2 acres • Resolution to grant planning permission for an 8-storey new build scheme of 26 apartments (12 x 1 bed, 7 x 2 bed and 7 x 3 bed units) totalling 19,924ft2 • No affordable housing requirement • Sought after residential location approximately 150 metres from New Cross Station (London Overground & National Rail services) • All apartments benefit from private amenity space and double or triple aspect views • Offers invited in the region of £4,500,000 for the vacant freehold interest www.kingsbury-consultants.co.uk Land at Hereford Place, New Cross, London SE14 6LF
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
DESCRIPTION
The site comprises a cleared area of concrete hardstanding extending to approximately 0.2 acres and is broadly rectangular in shape and on a north south axis.
The property is currently used as a haulage yard with several storage containers and Portakabins around the perimeter.
Access is via a gated entrance from Hereford Place which is a cul de sac forming the continuation of Royal Naval Place.
The property is bounded to the north by a terrace of Victorian houses facing the new Charlottenburg Park, to the east by the Royal Naval Place allotments, to the south by the Mulberry Centre and to the west by the overground railway into London. LOCATION
The property is situated on Hereford Place in New Cross within the London Borough of Lewisham and the immediate site context is comprised of low rise residential housing and green open spaces. The nearest shops and amenities are available on New Cross Road and in Deptford High Street via the pedestrianised route from Amersham Vale.
Fordham Park, Margaret McMillan Park and the recently created Charlottenburg Park are all within 3 minutes walk of the site.
New Cross Station is located approximately 3 minutes walk (circa 150 metres) to the south and Deptford and New Cross Gate stations are around 8 minutes walk to the east and west respectively. Journey times include: New Cross – Shoreditch High Street: 15 mins (London Overground) New Cross Gate – London Bridge: 10 mins (National Rail) New Cross – Cannon Street: 13 mins (National Rail) Deptford – Cannon Street: 10 mins (National Rail) www.kingsbury-consultants.co.uk Land at Hereford Place, New Cross, London SE14 6LF
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
PLANNING & DEVELOPMENT POTENTIAL APPROVED ACCOMMODATION SCHEDULE
The site was given a resolution to grant planning permission on 28th September 2017 Unit Floor Description GIA ft2 GIA m2 (application reference DC/17/101332) for the erection of a part-1, part-4, part-7 and part- 1 Ground & First Three Bedroom Five Person Duplex 1,076 100 8 storey building (including part basement) to provide 26 residential units, together with 2 Ground & First Three Bedroom Five Person Duplex 1,076 100 landscaping, cycle parking and associated public realm works. 3 Ground & First Three Bedroom Five Person Duplex 1,076 100 The proposed development will create 12 x 1 bedroom, 7 x 2 bedroom and 7 x 3 bedroom 4 Ground Three Bedroom Five Person Apartment 1,389 129 apartments totalling 19,924ft2. All units are for private sale with no requirement for affordable 5 First Two Bedroom Four Person Apartment 786 73 housing provision. 6 Second One Bedroom Two Person Apartment 538 50 7 Second One Bedroom Two Person Apartment 538 50 The planning consent is subject to the completion of a Section 106 Agreement with obligations for financial contributions totalling £315,733. A CIL liability of circa £237,405 is applicable. 8 Second One Bedroom Two Person Apartment 538 50 9 Second Two Bedroom Three Person Apartment 700 65 The online planning application can be viewed here. 10 Second Two Bedroom Four Person Apartment 786 73 11 Third One Bedroom Two Person Apartment 538 50 12 Third One Bedroom Two Person Apartment 538 50 13 Third One Bedroom Two Person Apartment 538 50 14 Third Two Bedroom Three Person Apartment 700 65 15 Third Two Bedroom Four Person Apartment 786 73 16 Fourth One Bedroom Two Person Apartment 538 50 17 Fourth One Bedroom Two Person Apartment 538 50 18 Fourth One Bedroom Two Person Apartment 538 50 19 Fourth Two Bedroom Three Person Apartment 700 65 20 Fifth One Bedroom Two Person Apartment 538 50 21 Fifth One Bedroom Two Person Apartment 538 50 22 Fifth One Bedroom Two Person Apartment 538 50 23 Fifth Two Bedroom Three Person Apartment 700 65 South Elevation West Elevation 24 Sixth & Seventh Three Bedroom Six Person Duplex 1,227 114 25 Sixth & Seventh Three Bedroom Six Person Duplex 1,216 113 26 Sixth & Seventh Three Bedroom Six Person Duplex 1,249 116 Total 19,924 1,851 www.kingsbury-consultants.co.uk Land at Hereford Place, New Cross, London SE14 6LF
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
TENURE
The property will be sold freehold with vacant possession on completion.
VAT
The property is not elected for VAT.
TERMS
Offers are invited in the region of £4,500,000.
ADDITIONAL INFORMATION
Further information including planning documents are available within our dataroom using the access code ‘Hereford’.
CONTACT To discuss any aspect of this property or the disposal process, please contact the sole selling agents:
Joe Goldsmith 020 7183 2529 [email protected]
Ross Kemp 020 7183 2529 [email protected]
Kingsbury 1st Floor, 81 Alie Street, London E1 8NH
Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268. Indicative visualisation