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161 Denmark Hill, London SE5 8EF Consented development site with planning permission for 24 flats View more information... 161 Denmark Hill, London SE5 8EF Home Description Location Terms View all of our instructions here... III III

• Planning permission for 24 flats. • Either no affordable or only 4 affordable units. • 4 storeys. • 23,639 sqft of NSA consented accommodation. • Further potential to add value, stpp. • Guide - £4,250,000 F/H.

DESCRIPTION An opportunity to acquire a consented freehold development site of 0.21 acres with planning permission for 24 flats (2x1 bed, 15x2 bed 7x3 bed) with roof gardens. The consent provides 23,639sqft of net saleable area over 4 storeys. The site comprises a triangular piece of land which is currently occupied by a two storey detached building, most recently used for dental services. The site is surrounded by six storey buildings to the North, East and South. Planning consent was granted at appeal. Now that planning consent is in place, there may be potential to enhance the consent and/or reconfigure the unit layouts to generate further value (stpp). The current consented allows the site to be developed for 20 private units and 4 affordable units or a payment in lieu of affordable could be made to provide 24 private units. The site also has planning permission for 10 houses.

LOCATION/TRANSPORT The site is conveniently located on Denmark Hill in the London Borough of almost directly opposite the junction with Deepdene Road. Denmark Hill Train Station, King’s Colleague Hospital and are immediately to the North, with to the East, to the South and to the West. The site has good access into and further afield. The site is under 0.5 miles from Denmark Hill Station providing access to Brighton and the Sussex coast via to the South. To the North access is provided into Central London (London Blackfriars and Farringdon), then to North London and on to Bedford. The station also provides access out to Kent via Bromley and Sevenoaks. In addition Denmark Hill Train Station forms part of the East London line linking Clapham to the East and / London Underground to the North East. 161 Denmark Hill, London SE5 8EF Home Description Location Terms View all of our instructions here... III III

Accommodation schedule LOCAL AMENITIES Schools - these include UK-leading independent schools such as Unit Description Floor Size (sqm) Size (sqft) Dulwich Prep School and Dulwich College, along with the Ofsted 1 3B5P split level flat with private entrance and outside space G/1st 118 1,270 ‘outstanding’ rated Charter School. 2 2B4P split level flat with private entrance and outside space G/1st 109 1,173 There are a good selection of both primary and secondary schools in the area, as well as a number of nursery schools and sixth form 3 2B4P split level flat with private entrance and outside space G/1st 95 1,023 colleges. 4 2B4P split level flat with private entrance and outside space G/1st 91 980 Parks - the closest park is with 24 acres of land including 5 2B4P split level flat with private entrance and outside space G/1st 99 1,066 tennis courts, flower gardens, and a cafe. Greendale Park and Sunray Gardens are also walkable distance to the East of the site, to the South 6 2B4P split level flat with private entrance and outside space G/1st 96 1,033 lies Brockwell Park and lido which is just a 15 minute walk. 7 2B4P split level flat with private entrance and outside space G/1st 91 980 Cafes and restaurants - the surrounding areas including 8 2B3P split level flat with private entrance and outside space G/1st 79 850 (Lordship Lane), Herne Hill and offer a good array of independent retailers, coffee shops, bars and restaurants. 9* 1B2P split level flat with private entrance and outside space G/1st 60 646 Other amenities - these include Horniman Museum, Dulwich Picture 10** 3B4P split level flat with private entrance and outside space G/1st 87 936 Gallery, East Dulwich Picturehouse, Dulwich and Golf 11** 3B4P split level flat with private entrance and outside space G/1st 87 936 Club, Herne Hill Velodrome and South London Gallery. 12** 3B4P split level flat with private entrance and outside space G/1st 86 926 13 3B5P split level flat with terrace 2nd/3rd 115 1,238 PLANNING 14 3B4P split level flat with terrace 2nd/3rd 103 1,109 Planning permission was granted at appeal under reference number 15 2B4P split level flat with terrace 2nd/3rd 103 1,109 APP/A5840/W/18/3206258. The planning appeal was made against Southwark Council planning reference number 17/AP/2580 for 16 2B4P split level flat with terrace 2nd/3rd 105 1,130 the demolition of existing 2-storey office building (Class B1a) and 17 2B4P split level flat with terrace 2nd/3rd 92 990 construction of a 4-storey residential building comprised of 24 duplex units (Class C3). 18 2B4P split level flat with terrace 2nd/3rd 94 1,012 The site also has planning permission under Southwark Council 19 2B4P split level flat with terrace 2nd/3rd 89 958 planning reference 18/AP/3509 for the demolition of existing 20 2B3P split level flat with terrace 2nd/3rd 75 807 office building. Construction of a new 3-4 storey building with 9 no. 3 bedroom houses and 1 no. 4 bedroom house. Each house is 21 1B2P split level flat with terrace 2nd/3rd 69 743 comprised of a private garden, a covered parking space, refuse and 22 3B4P split level flat with terrace 2nd/3rd 86 926 bike stores, and a private terrace. The property is not Listed and does not lie within a conservation area. 23 2B4P split level flat with terrace 2nd/3rd 81 872 24 2B3P split level flat with terrace 2nd/3rd 86 926 Total 2,196 23,639 EXISTING BUILDING Possible affordable units under current S106 A two storey red brick office building of c.584 sqm / 6,286 sqft NIA with 7 surface parking spaces to the rear occupying a site extending to * Unit 9 - intermediate/shared ownership 0.08 hectares (0.21 acres). ** Units 10, 11 & 12 - social rent 161 Denmark Hill, London SE5 8EF Home Description Location Terms View all of our instructions here... III III 161 Denmark Hill, London SE5 8EF Home Description Location Terms View all of our instructions here... III III 161 Denmark Hill, London SE5 8EF Home Description Location Terms View all of our instructions here... III III

CGI - DENMARK HILL ROAD (FRONT ELEVATION) 161 Denmark Hill, London SE5 8EF Home Description Location Terms View all of our instructions here... III III 161 Denmark Hill, London SE5 8EF Home Description Location Terms View all of our instructions here... III III 161 Denmark Hill, London SE5 8EF Home Description Location Terms View all of our instructions here... III III 161 Denmark Hill, London SE5 8EF Home Description Location Terms View all of our instructions here... III III 161 Denmark Hill, London SE5 8EF Home Description Location Terms View all of our instructions here... III III 161 Denmark Hill, London SE5 8EF Home Description Location Terms View all of our instructions here... III III

S106 Under the S106 agreement, unit 9 (shared ownership / intermediate) along with units 10, 11 and 12 (affordable rent) need to be made available for affordable housing, for not less than £623,500 (indexation applies). Alternately a payment of £1,050,000 (indexation applies) in lieu of providing affordable can be made to Southwark Council to allow these units to be open market private units. There are further S106 payments that total £38,247.12.

CIL The site is with Southwark CIL zone 2. The Southwark local CIL is therefore £218 per sqm and Mayoral CIL £60 per sqm so £278sqm in total. The consented scheme is c.2,375sqm GIA. The existing building is c.584sqm GIA. CIL is calculated at the consented scheme (c.2,375) less the existing building (c.584) less any affordable housing relief multiplied by the Southwark and Mayoral CIL combined (278). CIL is subject to indexation. A purchaser should satisfy themselves on CIL payments.

RESALE VALUE Evidence shows the £ per sqft for the area ranges from £600 – 850 per sqft depending on size and type of unit.

VAT We understand that VAT is not chargeable.

VACANT POSSESSION The site is to be sold with full vacant possession on completion.

E: [email protected] W: acorngroup.co.uk/commercial

120 Street, 1 Sherman Road, London SE1 3TX Bromley, Kent BR1 3JH T: 020 7089 6555 T: 020 8315 5454 161 Denmark Hill, London SE5 8EF Home Description Location Terms View all of our instructions here... III III

TERMS CGI Unconditional offers in excess of £4,250,000 are invited for the freehold interest with the benefit of planning permission and full vacant possession on completion.

FURTHER INFORMATION Copies of the planning consent, consented plans and S106 agreement are available upon request. Alternately this information is available under the planning search section of Southwark Council’s website. Copyright of the planning drawings can be provided although no warrantees will be given. It may also be possible to assign directly the reports from the various consultants connected to the planning application. A purchaser should however satisfy themselves on all technical reports and information connected to the site and planning consent.

SERVICES We believe that the existing property is connected to all mains services although a purchaser should satisfy themselves.

VIEWINGS The site can be viewed from the roadside without prior appointment. It is unlikely access to the existing building will be required given the planning consent. If however any interested parties would like an internal inspection of the existing property, this is strictly by prior appointment only.

For more This [brochure and its content] is copyright of Acorn Limited © 2016. All rights reserved. Any redistribution E: [email protected] information or reproduction of part or all of the contents in any form is prohibited. You may not, except with our express contact: written permission, distribute or commercially exploit the content, nor may you transmit it or store it in any W: acorngroup.co.uk/commercial form. Tom Luck or Izaak Thomas on Acorn as our vendor’s agents have endeavoured to check the accuracy of these sales particulars, but however 120 Bermondsey Street, 1 Sherman Road, 020 7089 6555 can offer no guarantee, we therefore must advise that any prospective purchaser employ their own experts to London SE1 3TX Bromley, Kent BR1 3JH verify the statements contained herein. All measurements are approximate and should not be relied upon. No Meet the rest of the team... equipment, utilities, circuits or fittings have been tested. T: 020 7089 6555 T: 020 8315 5454