Development Opportunity for Sale

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Development Opportunity for Sale DEVELOPMENT OPPORTUNITY FOR SALE A MAJOR CONSENTED LONDON HOTEL SCHEME WITH STRONG RESIDENTIAL POTENTIAL 101A + 111-113 TOOTING HIGH STREET | WANDSWORTH | LONDON SW17 0SU EXECUTIVE SUMMARY MAJOR CONSENTED HOTEL SITE WITH POTENTIAL FOR ALTERNATIVE USES, SUCH AS C3 RESIDENTIAL AND/OR CO-LIVING USES n 0.51-acre development opportunity close to Tooting Broadway underground station. n Planning permission in place for a large hotel development comprising 373 rooms, totaling 114,440 sq ft (10,632 sq m) GIA. n Potential to reconfigure the planning consent in place for Co-Living and/or alternative residential uses. n Freehold interest offered for sale with immediate vacant possession. CGI OF CONSENTED DEVELOPMENT 101A + 111–113 TOOTING HIGH STREET | WANDSWORTH | LONDON SW17 0SU LOCATION THE SUBJECT PROPERTY IS LOCATED IN TOOTING, an up and coming area in south London. With a strong multicultural community spirit, over 200 acres of tranquil green space and the vibrancy of not one but two standout markets, WANDSWORTH COMMON Clapham and Balham stalwarts are being tempted further down the Northern Line in search of something different. Tooting has a BALHAM vibrant town centre, covering Tooting High Street, Upper Tooting EARLSFIELD Road and Mitcham Road, and including essentials like Sainsbury’s and Superdrug and high street favourites Primark and TK Maxx. However, the real draws are the two markets; award-winning TOOTING BEC Tooting Market and Broadway Market. TOOTING BEC LIDO Nights out revolve around venues like the Tooting Tram and Social, THE PROPERTY a converted Victorian tram shed which offers late night live music TOOTING BROADWAY with no entry fee, something of a rarity in London! If it is outdoor ST GEORGE’S HOSPITAL space you are after, Tooting delivers. Tooting Common – also SAINSBURY’S home to Tooting Bec Lido (London’s biggest outdoor swimming pool) has an athletic track and gym, impressive cycling and TOOTING walking trails and a lovely little café. With excellent schools in STREATHAM the vicinity, Tooting suits families as well as trendy urbanites, all happily co-existing in an area with plenty of life and activity. 101A + 111–113 TOOTING HIGH STREET | WANDSWORTH | LONDON SW17 0SU CONNECTIVITY LONDON BLACKFRIARS IN 2017, TOOTING WAS NAMED ONE OF THE WORLD’S COOLEST NEIGHBOURHOODS BY LONELY PLANET, ALONGSIDE SUNSET PARK IN BROOKLYN AND VESTERBRO IN COPENHAGEN. Since then, this dynamic Zone 3 suburb Putney and Croydon, to name just some has become increasingly popular with of the destinations. commuters because of its excellent By bike, the TfL Cycleways network, transport links. includes Cycle Superhighway Route CS7, The much-improved Northern Line, from which runs from Colliers Wood to the south either Tooting Broadway or Tooting Bec of Tooting, all the way north into the City tube stations, takes under 30 minutes of London and all points and connections to get into central London, which is only east and west. For those looking to drive to 6 miles away. From Tooting’s overland and from Tooting, the closest major roads station, one can be in Waterloo or are the A3 from the west, the M23/A23 Blackfriars in a similar time, with frequent from the south and the A2 from the east, TOOTING trains through the day. Buses are regular and both Heathrow and Gatwick airports too, with services running to Victoria, are about 45 minutes drive away too. Waterloo, Clapham, Elephant & Castle, LESS THAN 30 MINUTES TO CENTRAL LONDON, VIA TUBE OR RAIL. 101A + 111–113 TOOTING HIGH STREET | WANDSWORTH | LONDON SW17 0SU CGI OF CONSENTED DEVELOPMENT THE PROPERTY THE MAIN SITE (111–113 TOOTING HIGH ROAD) CURRENTLY CONSISTS OF A NUMBER OF VACANT BUILDINGS ON THE EAST SIDE OF TOOTING HIGH STREET, COMPRISING A TOTAL OF APPROXIMATELY 11,744 SQ FT/1,091 SQ M. The buildings were formerly used as the Tooting Constitutional Club and are of traditional brick construction under pitched slate roofs which range in height from 1 to 3 storeys plus a basement. There are also external areas including a storage yard and a paved patio area. The site is broadly rectangular in shape comprising an approximate area of 0.51 acres (0.2 ha) with a former bowling green to the rear. 101A TOOTING HIGH ROAD comprises a 2-storey mixed-use building with a small vacant shop at ground floor level and a flat above. This portion measures approximately 0.024 acres in size. A spur of the London Underground Northern Line is located under the site at a depth of approximately 15 meters. Transport for London have agreed to the principle of the design concept and this has been accounted for within the scheme. Tooting High Road’s streetscape is dominated by 3-storey town houses with commercial units on the ground floor. 101A + 111–113 TOOTING HIGH STREET | WANDSWORTH | LONDON SW17 0SU CGI OF CONSENTED DEVELOPMENT THE PROPERTY COVERTON ROAD Copyright: All rights reserved. This drawing must not be reproduced without permission. Only the original drawing should be relied upon. Contractors, subcontractors and suppliers must verify all dimensions on site before commencing any work or making any shop drawings. All shop drawings to be submitted to the architect / interior designer for comment prior to fabrication. This drawing is to be read in conjunction with the architect's / interior designer's specification, bills of quantities / schedules, structural, mechanical & electrical drawings and all discrepancies are to be reported to the architect / interior designer. Do not scale2 from this drawing. Dimensions are in millimetres unless otherwise stated. 4 66 to 68 Surgery 71 70 30 20 15.7m 1 41 12 1 74 Club 24 45 33 79 2 81 South Thames College 47 to 49 16 76 24c 23 26 85 to 89 to 85 30 2 40 59 36 11 PH IVY 61 ROAD 63 44 to 90 42 39 1 1 TCBs SALVADOR 46 24 48 17.1m 48a EFFORT STREET 2 92 73 13 to 22 27 PH 14 1 16.9m 2 Library 8 LAUREL CLOSE HOYLE ROAD 62 Club 2 99 to 101 to 99 7 GRANADA STREET 13 Club 23 to 51 2 3 104 Rosina Court 77 Wood House 14 106 101a 108 6 10 1 74 Nursery House 6 Palladino 85 17.7m 24 110 2 4 Ward Bdy 17.8m 7 to 10 to 7 CR 76 16 El 111 to 113 122 Sub Sta PH Constitutional Car Park 118 Club 30 32 3 1 El Sub Sta 120 BICKLEY STREET 86 42 Robertson House 115 44 5 WOODBURY STREET 1 to 42 6 88 119 90 117 1 3 58 23 Dewar House 4 21 1 to 12 to 1 60 TOOTING HIGH STREET 3 RECOVERY STREET 74 4 43 2 76 2 41 2 Queen13 TOOTING GROVE 1 Playground Victoria Jean House (PH) 139 137 Marion 141 29 90 Court 92 1 to 60 to 1 31 134 67 24 1 to 27 to 1 18.7m 65 136 22 138 16 110 83 143 112 1 81 3 11 15 147 30 142 140 13 145 32 28 El Sub Sta 57 48 59 46 103 101 35 54 33 21 MELLISON ROAD 23 56 4 61 63 19.8m 2 167 NUTWELL STREET 55 165 53 74 57 1 169 to PH 72 76 6 148 18.8m 37 70 20.1m 39 HouseHamilton 26 90 Warehouse Site Plan SITE PLAN INDICATIVE FLOOR PLAN Scale 1:1250 Site boundary 0 10 20 50 0 20 50 120 project drawing title scale date drawn by checked by 57d jamestown road 101A, 111-113 Tooting High Street Site Plan 1:1250 @ A3 03.09.2019 TM HL london nw1 7db NTS @ A4 UK architecture urban design interior design creative media t: 020 7267 4440 client drawing status 101Ajob no.+ 111–113drawing no. TOOTING HIGHrevision STREET | WANDSWORTH | LONDON SW17 0SU www.dextermoren.com f: 020 7267 6044 LHG Planning 1430 A-000-001 P0 Issued for planning 03.09.2019 TM P0 architecture rev amendments date by PROPOSED DESIGN The height of the buildings have been carefully considered and staggered from three storeys up to six to provide a transition from neighbouring three-storey properties along Woodbury Street. Red and grey brickwork will be used to reflect both the consented scheme and the character of the area. Lightwells will be used to allow natural light and ventilation to ground floor and basement guestrooms, with circadian lighting to simulate the day’s natural cycle. PROPOSED CROSS-SECTION THE COMPACT CONCEPT 8 2 1 2 4 3 Guestroom Linen Boundary line Guestroom Corr Linen 10 1 Guestroom Corr Linen Corr Guestroom 2 5 Guestroom Corr Linen Corr Guestroom Guestroom Corr Linen Corr Guestroom 11 6 Guestroom Corr BOH PROPOSED REAR FACADE Laurel close Guestroom Corr Linen Corr Guestroom Guestroom Plant Guestroom Corr Linen Corr Guestroom Guestroom Guestroom Guestroom Corr Linen Corr Guestroom Guestroom Guestroom Community Use Corr Linen Corr Community Use Community Use Community Use 101A + 111–113 TOOTING HIGH STREET | WANDSWORTH | LONDON SW17 0SU PLANNING HISTORY CONSENTED HOTEL DEVELOPMENT AND HISTORIC RESIDENTIAL SCHEME Demolition of existing buildings and redevelopment of the site for a part The above application has been approved THE PROPERTY HAS AN EXTENSIVE PLANNING HISTORY 3/4/5/6-storey scheme, including 4 storeys of basement level, comprising (decision August 2020), albeit it is OVER THE PAST FIVE YEARS. 373 hotel rooms (Class C1), incorporating the rebuild and repositioning of subject to the signing of Wandsworth’s Tooting Constitutional Clubhouse to be used as a cafe facility (Class A3), Community Infrastructure Agreement There have been three major applications on the site in the community use (Class D1/D2) set out over basement and ground floor levels (CIL) - we understand that this is due last 5 years, including a now lapsed consent for a smaller and publicly accessible open space at ground floor level and ancillary refuse to be signed imminently.
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