ABBEY WOOD MAINLINE STATION OPENING 2021 Site outline for indicative purposes only 90 ABBEY WOOD ROAD Abbey Wood, London SE2 9NN Consented South East London Residential Development Opportunity 90 Abbey Wood Road Abbey Wood, SE2 9NN 2 EXECUTIVE SUMMARY LOCATION • Residential development opportunity The property is prominently positioned on in Abbey Wood, south east London. the corner of Conference Road and Abbey Wood Road, within 100 metres of Abbey Wood • The site extends to 0.27 acres (0.109 Mainline and Crossrail station. The site benefits from excellent transport links to the M25 via the hectares) and comprises a 2 storey Dartford Link and wider transport network. building which was formerly occupied by a post office. This has been vacant The site is well served by public transport, with Abbey Wood station providing direct services to since January 2019. London Bridge (29 minutes) and Cannon Street (38 minutes). Journey times to Canary Wharf are • The property benefits from planning approximately 37 minutes, with connections to permission under reference 19/1081/F the DLR network at Woolwich Arsenal. for 30 residential units. From Autumn 2021 Crossrail services are • The scheme is arranged as 16 x 1 bed, scheduled to commence which will add up to 12 extra trains an hour. This will cut journey times 9 x 2 bed, 5 x 3 bed and 3 flexible A1/ with trains to Canary Wharf in 11 minutes, Bond OPENING 2021 A2/A3/B1 ground floor commercial Street in 25 minutes and Heathrow Airport in units totalling 458.5 sq m (4,935 sq ft) 51 minutes. GIA. The London Borough of Bexley and The Royal Borough of Greenwich are working together • The Scheme will have a combined Net to regenerate the local area. The plans include Saleable Area of approximately 1,911 regeneration of the high street, a new library, new sq m (20,569 sq ft) NSA, 2,899 sq m central square and new business and commercial (31,205 sq ft) GIA. space. HUB Development are constructing a Build to Rent scheme with additional retail and leisure • The site is located approximately amenities less than a mile to the north of the 100 metres to the South of Abbey site. Further amenities close to the site include Sainsburys and Lidl which are situated to the Wood Mainline and Crossrail Station north of the station. providing regular services to London Bridge in 34 minutes and Cannon Street in 38 minutes. • From 2021 the site will benefit from a Crossrail terminal & Elizabeth Line services providing connectivity into Bond Street in 25 minutes. • For sale freehold with vacant possession. Ordnance Survey © Crown Copyright 2020. All Rights Reserved. Licence number 100022432 Plotted Scale - 1:5000. Paper Size - A4 90 Abbey Wood Road Abbey Wood, SE2 9NN 3 DESCRIPTION The broadly rectangular site extends to 0.27 acres (0.109 hectares). The property was originally constructed in circa 1970 as a main post office and sorting depot, with a brick cladding and frame structure. The site is on a gradient and the Post Office was located at ground floor level beneath the Sorting Office. The Sorting Office occupied both part ground and first floor level across the site. The building has been vacant since January 2019 when the post office vacated the premises. The surrounding area although predominantly residential is adjacent to Abbey Wood local centre which offers a parade of shops concentrated along Wilton Road, to the north east of the site. To the south of the site is a local vicarage, to the south east is Abbey wood community Image of existing building from Conference Road looking east centre and to the west of the site is Folkrite Congregational Church. We understand the existing building extends as follows: GIA GIA (SQ M) (SQ FT) Sorting Office 476.18 5,125.55 Upper Sorting Office 86.59 932.05 Lower Post Office 229.53 2,470.64 BUILDING 792.3 8,528.24 TOTAL Source: D&A Statement CGI of consented scheme looking South East (Source: JDW Architects) 90 Abbey Wood Road Abbey Wood, SE2 9NN 4 PLANNING FLOOR NUMBER TENURE AREA (SQM) AREA (SQ FT) 1 Flat 1 Shared Ownership 50.5 543.5 The property falls within the jurisdiction of the Royal Borough of Greenwich, is not listed and lies outside of any conservation areas. 1 Flat 2 London Affordable Rent 88 947 The site received resolution to grant permission at committee in December 2019 for the following scheme 1 Flat 3 Flat 50 538 (Ref: 19/1081/F). 1 Flat 4 Flat 69 742.5 “Redevelopment of the site to provide a five-storey building comprised of ground floor shared-workspace 1 Flat 5 Flat 54.5 586.5 (Use Class B1), with 30 self-contained flats above (16 x 1 bed, 9 x 2 bed, 5 x 3 bed) (Use Class C3) as well as three residential disabled car parking spaces.” 1 Flat 6 Flat 54 581.5 We understand that the s106 is now agreed with Royal Borough of Greenwich. The scheme includes 1 Flat 7 Flat 50 538 6 affordable units with further detail available in the dataroom. 1 Flat 8 Flat 114 1227 The S106 costings are approximately £88,700. Please see the datasite for the full detailed breakdown. 1 Flat 9 Flat 75.5 812.5 There is a late stage viability review mechanism within the S106. We ask parties to review as part of their due 2 Flat 10 London Affordable Rent 50.5 543.5 diligence and enquiries. 2 Flat 11 London Affordable Rent 86 925.5 2 Flat 12 Flat 51 549 2 Flat 13 Flat 64 689 2 Flat 14 Flat 53 571 2 Flat 15 Flat 52.5 565 2 Flat 16 Flat 50 538 2 Flat 17 Flat 75.5 812.5 3 Flat 18 London Affordable Rent 50.5 543.5 3 Flat 19 London Affordable Rent 86 925.5 3 Flat 20 Flat 51 549 3 Flat 21 Flat 64 689 3 Flat 22 Flat 53 570.5 3 Flat 23 Flat 52.5 565 3 Flat 24 Flat 50 538 3 Flat 25 Flat 75.5 812.5 4 Flat 26 Flat 50 538 4 Flat 27 Flat 87 936.5 4 Flat 28 Flat 67.5 726.5 4 Flat 29 Flat 66 710.5 4 Flat 30 Flat 70 753 Total NSA 1,911 20,568.6 CGI of proposed scheme from Conference Road looking north (Source: JDW Architects) 90 Abbey Wood Road Abbey Wood, SE2 9NN 5 TITLE & TENURE FURTHER INFORMATION The site is for sale freehold with vacant Further information including technical and legal possession. documentation is available at: The site is for sale on the basis of an www.savills.co.uk/abbeywood asset sale or company sale if preferred. Business rates are payable on the property and CONTACT can be provided upon request. For further information please contact: METHOD OF SALE Savills Andrew Cox Ed De Jonge The site will be sold by way of informal tender 020 7016 3851 020 7016 3849 with a bid deadline to be set in due course. [email protected] [email protected] Lucy Robbie VAT 020 7409 5988 We understand that the property is not elected [email protected] for VAT. City & Counties Commercial Tom Castro Nathan King VIEWINGS 020 8106 8666 020 8106 8666 Viewings are strictly by appointment; please [email protected] [email protected] contact the joint selling agents should you wish to undertake an internal inspection of the building. IMPORTANT NOTICE Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, and published for the purposes of identification only and although believed to be correct accuracy is not guaranteed. Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. 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. Designed and Produced by Savills Marketing: 020 7499 8644 | July 2020 Outline for indicative purposes Ordnance Survey © Crown Copyright 2020. All Rights Reserved. Licence number 100022432 Plotted Scale - 1:1000. Paper Size - A4.