Land at 35-37 Southend Road
Beckenham, BR3 5AA
FREEHOLD DEVELOPMENT OPPORTUNITY
PREVIOUS | SEDGEHILL SCHOOL KENT COUNTY CRICKET CLUB CENTRAL LONDON
BECKENHAM PLACE PARK
BECKENHAM PLACE MANSION
NEW BECKENHAM STATION
BECKENHAM LAWN TENNIS CLUB
BECKENHAM JUNCTION STATION & WAITROSE
| Land at 35-37 Southend Road FREEHOLD DEVELOPMENT OPPORTUNITY BR3 5AA
KEY INVESTMENT CONSIDERATIONS
–– Freehold interest.
–– Unconditional disposal without planning consent.
–– Development opportunity (STP) for residential accommodation.
–– The land comprises a site of approximately 0.57 acres in the London Borough of Bromley.
–– Lies within close proximity to Beckenham Junction Station (0.6 miles) providing direct links to central London.
–– Located in a predominantly residential area close to Beckenham Park, Kent County Cricket Club (Beckenham) and the historic Beckenham Place.
INDICATIVE CGI VISUALISATION ONLY
| Land at 35-37 Southend Road FREEHOLD DEVELOPMENT OPPORTUNITY BR3 5AA
SITE DESCRIPTION & LOCATION
The site is located on Southend Road, Beckenham in the London Borough of Bromley. The area benefits from large green open spaces including Beckenham Place Park, which is located close to the site.
Beckenham is a vibrant neighbourhood in south London and is diverse both in terms of sports and leisure, and culture. The area benefits from a number of primary and secondary schools that are within walking distance of the site, including Worsley Bridge Primary School and Harris Academy. 35-37 SOUTHEND ROAD The Local Area
Beckenham’s town centre – which is approximately 10 minute’s walk from the site – comprises of good quality retail stores including Waitrose and Marks & Spencer in addition to a number of independent shops.
Beckenham has an abundance of pubs, clubs, bars, cafés and restaurants, located primarily on the High Street. There are also various wellness and sports facilities including spas, gyms, tennis courts, swimming pools and the Kent County Cricket Club which is located approximately 200m from the site.
Beckenham town centre benefits from a number of amenities, including Beckenham Theatre and Beckenham Comedy Cabaret. The Beckenham Festival of Music and Dance takes place in October and November annually, which attracts tourists to the area. Additionally a £4.4m improvements scheme is being carried out to Beckenham High Street, which will create a more attractive environment and help support local businesses.
The site fronts Southend Road, which comprises of primarily residential accommodation and leads into the main town centre where Beckenham Junction Station is located, approximately 10 minute’s walk from the site.
The site is 0.57 acres (0.230 hectares) and is broadly square in shape and largely cleared. The site benefits from a dual aspect over Stumps Hill Lane and Southend Road.
| Land at 35-37 Southend Road FREEHOLD DEVELOPMENT OPPORTUNITY BR3 5AA
TRANSPORT
The site is situated in Zone 4 and benefits from good access to public transport.
Rail There are five London mainline stations within walking distance of the site including Beckenham Junction, Lower Sydenham, Beckenham Hill, New Beckenham and Ravensbourne. New Beckenham provides services into Cannon Street and Charing Cross (journey time approximately 30 minutes), whilst Beckenham Junction provides services into London Victoria every 15 minutes and into London Bridge every 20 minutes. Additionally, Ravensbourne Station is served by Thameslink, which provides services to London Blackfriars, City Thameslink and London St Pancras.
Bus The site is located adjacent to bus route 54, which provides a service from Elmers End to Woolwich through Beckenham town centre. From the town centre a number of alternative bus routes are accessible, which provide access into London and Croydon.
Cycle Within the London Borough of Bromley there are over 100 miles of cycle routes. Specifically there are 12 designated routes in the borough that link all the major centres.
Tram Tramlink route 2 serves Beckenham with services from Beckenham Junction to West Croydon.
Road The site is located along Southend Road (A2015), which leads into the town centre where the A222 can be reached, providing access into Bromley and Croydon. The M25 can be reached in approximately 30 minutes by car via the B251 or the A21.
Air The site is located approximately 24 miles from both London Gatwick and London Heathrow Airports, which can both be accessed within an hour by car.
| Land at 35-37 Southend Road FREEHOLD DEVELOPMENT OPPORTUNITY BR3 5AA
RESIDENTIAL MARKET
–– There has been a significant increase in development activity over the last year, with location and value being key drivers.
–– Close proximity to central London makes Beckenham attractive for commuters in to the City.
–– Strong capital values are being achieved, with developments selling at approximately £550 - £620 psf.
–– The average house price in BR3 was approximately £562,000 as at August 2017 (Source: Zoopla).
–– Help to Buy is available on a number of local developments.
DENBECK COURT DYLON WORKS SCOTTS PLACE
–– 9 units completed in April 2016 and launched in 2015 –– 74 units by Crest Nicholson completed in December 2017 –– 38-unit development completed in April 2017 –– Average price of approximately £500 psf –– Latest asking prices indicate an average of £620 psf –– Average price indicated at £567 psf
NB. Information collated from a variety of sources. Prospective purchasers should make their own investigations into sales evidence.
| Land at 35-37 Southend Road FREEHOLD DEVELOPMENT OPPORTUNITY BR3 5AA
PLANNING / DEVELOPMENT
To assist with the disposal of the asset, Strutt & Parker have provided a detailed planning appraisal of the site, the headline details of which are set out below. A full copy of the planning appraisal is available on request.
In addition to the planning note, a site plan and development CGIs have been prepared. We confirm that any prospective purchaser should make their own planning enquiries as to the feasibility of the development.
A number of TPOs are present on site and a Tree Survey has been commissioned and will be available upon its completion.
Local Planning Authority: London Borough of Bromley.
Site Area (ha): 0.23 hectares.
Existing Layout: Thick planting including dense tree planting and shrubbery with garages on the western boundary of the site.
Flood Risk: Flood Zone 1 (low probability of flooding).
Heritage: The site does not appear to be located within a Conservation Area.
Transport Accessibility: The site has a PTAL rating of 2, indicating that the site has moderate access to public transport links.
CIL / MCIL Requirements: The Mayoral Community Infrastructure Levy is chargeable on residential development at a rate of £35 per square metre. London Borough of Bromley does not currently have its own Community Infrastructure Levy in place.
Affordable Housing: 35% is currently being sought on all development sites of 10 or more dwellings or over 1 hectare (Affordable Housing SPD 2008). Once completed, the Bromley Draft Local Plan will require sites of 11 or more dwellings, or over 1,000 sqm floorspace, to provide 35% Affordable Housing, of which 60% should be Social Rented and 40% Intermediate provision.
Conclusions: The site is not allocated for any particular use and is deemed suitable for residential-led mixed use development (subject to the necessary consents).
| Land at 35-37 Southend Road FREEHOLD DEVELOPMENT OPPORTUNITY BR3 5AA
FURTHER INFORMATION
TITLE DATA ROOM The property is to be sold as a Freehold under four separate Title numbers: Please contact sole selling agents Strutt & Parker to request a full data pack. –– SGL159304 Documents available include: –– SGL159359 –– Title –– SGL475649 –– Site Plan –– SGL629509 –– S&P Planning Note –– MLM Group TPO Report VAT –– 1989 Planning Permission The property is elected for VAT.
VIEWINGS METHOD OF SALE Inspections are strictly by prior appointment via Strutt & Parker. Offers are invited on an unconditional basis only for the Freehold interest.
CONTACT DETAILS
Rosie Dakeyne Richard Thomas Amir Esmaeili E: [email protected] E: [email protected] E: [email protected] T: 0207 318 4693 T: 0207 318 4617 T: 0207 338 4226
Strutt & Parker for themselves and for the Vendors of this property whose Agents they are, give notice that The Particulars are set out as a general outline only for the guidance of intending purchases and do not constitute part of an offer or contract. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and their details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of them. Unless otherwise stated, all prices, rents and other charges are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or tenants must satisfy themselves independently as to the incidence of VAT in respect of any transaction. All plant, machinery, equipment, services and fixtures & fittings referred to in these particulars were present at the date of publication. They have not, however, been tested and therefore we give absolutely no warranty as to their condition or operation. No person in the employment of Strutt & Parker has any authority to make or give any representations or warranty whatsoever in relation to this property or these particulars, nor enter into any contract on behalf of the Vendors. No responsibility can be accepted for any expenses incurred by intending purchasers in inspecting properties which have been sold or withdrawn. The date of publication is January 2018.
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