15 Lime Grove, New Malden, Surrey KT3 3TW Freehold Residential Development Opportunity For Sale www.kingsbury-consultants.co.uk 15 Lime Grove, New Malden, Surrey KT3 3TW HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS SUMMARY • 2-storey office building extending to approximately 6,500ft2 plus car parking positioned on a site of 0.18 acres • Prior Approval consent for the conversion of the property to create 4 self-contained residential units, with a revised Prior Approval application pending consideration for a 10 unit scheme • Located in the affluent suburb of New Malden, situated approximately 300m from station and close to the town centre • Offers are invited in excess of £1,750,000 for the freehold interest www.kingsbury-consultants.co.uk 15 Lime Grove, New Malden, Surrey KT3 3TW HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS DESCRIPTION The property comprises a purpose built office building extending to approximately 6,500ft2 (603m2) over ground, mezzanine (in part), and 1st floors. The building was constructed in the early 1970’s for private business occupation and underwent a full programme of refurbishment in 2009. There is a car park to the front of the building providing 5 spaces which is accessed directly from Lime Grove. The total site area extends to approximately 0.18 acres. LOCATION The site is located on Lime Grove in New Malden, within the Royal Borough of Kingston upon Thames. Lime Grove consists of mainly residential uses, with a variety of shops, restaurants and amenities available on Coombe Road, which is a short walking distance from the property. Transport links are excellent, with New Malden station being approximately 300 metres from the property providing frequent National Rail services to Central London. Journey times include: • Clapham Junction - 19 Minutes • Waterloo - 24 Minutes • London Bridge - 35 Minutes www.kingsbury-consultants.co.uk 15 Lime Grove, New Malden, Surrey KT3 3TW HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS DEVELOPMENT POTENTIAL APPROVED ACCOMMODATION SCHEDULE - REF: 13/15060/PNO Floor Description GIA ft2 GIA m2 Existing Use 1 2 Bedroom House 1,767 164 We understand that the entire property benefits from a B1(a) (Office) Use Class. 2 2 Bedroom House 1,975 183 The property is not Listed and is not located within a Conservation Area. 3 2 Bedroom House 1,220 113 Permitted Development Rights 4 2 Bedroom Apartment 1,347 125 Total 6,309 585 Prior Approval was approved on 6th January 2014, under reference 13/15060/PNO, for conversion of the entire property to create 4 self-contained residential units (3 x 2 bed 2 houses and 1 x 2 bed apartment totalling 6,309ft ) under Permitted Development Rights. PROPOSED ACCOMMODATION SCHEDULE - REF: 16/14505/PN0 The online planning application can be found here. A Prior Approval application was validated on 23rd May 2016, under reference 16/14505/PNO, Unit Floor Description GIA ft2 GIA m2 for conversion of the entire property to provide 10 self-contained residential units (2 x 2 bed houses, 2 x 1 bed houses, 5 x 1 bed apartments and 1 x 2 bed apartment totalling 6,230ft2). 1 Ground 1 Bedroom Apartment 439 41 2 Ground 1 Bedroom Apartment 403 37 The online planning application can be found here. 3 First 1 Bedroom Apartment 436 41 Further Development Potential 4 First 1 Bedroom Apartment 469 44 The property offers potential for further development by way of extending the existing 5 Ground & First 2 Bedroom House 977 91 building and adding extra storeys to create additional accommodation. There is also scope to comprehensively redevelop the site with a new build, residential-led scheme, subject to 6 Ground & First 2 Bedroom House 977 91 obtaining all necessary consents. 7 Ground & First 1 Bedroom House 601 56 All planning enquiries should be directed to Kingston Upon Thames Council on 020 8547 8 Ground & First 1 Bedroom House 601 56 5000. 9 Ground 1 Bedroom Apartment 517 48 10 First & Second 2 Bedroom Duplex Apartment 811 75 Total 6,230 579 www.kingsbury-consultants.co.uk 15 Lime Grove, New Malden, Surrey KT3 3TW HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS TENURE The property is to be sold freehold and subject to vacant possession on completion. VAT We understand that the property is not elected for VAT. TERMS Offers are invited in excess of £1,750,000. ADDITIONAL INFORMATION Further information including planning documents can be downloaded from our dataroom using the password ‘Lime’. CONTACT To discuss any aspect of the property of disposal process, please contact the sole selling agents: Paul Heale 020 7183 2529 [email protected] Jordan Oldfield 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..