FREEHOLD WITH VACANT POSSESSION CENTRAL LONDON DEVELOPMENT OPPORTUNITY FOR SALE 1 FLINT STREET, ELEPHANT AND CASTLE, LONDON SE17 1QU 1 FLINT STREET ELEPHANT AND CASTLE LONDON Opportunity for owner occupiers, SUMMARY developers and investors Opportunity for owner occupiers, Freehold for sale with vacant possession developers and investors Located close to the City of London within Freehold for sale with vacant possession an area undergoing substantial regeneration Located close to the City of London within Walking distance to Elephant and Castle an area undergoing substantial regeneration underground (Zone 1) and overground Walking distance to Elephant and Castle railway stations underground (Zone 1) and overground A 0.15 acre site situated in a predominantly railway stations residential area surrounded by a mixture of A 0.15 acre site situated in a predominantly housing and schools residential area surrounded by a mixture of The existing property provides a gross housing and schools internal floor area of approximately 673.55 The existing property provides a gross sq m (7,250 sq ft) internal floor area of approximately 673.55 Excellent potential to convert or redevelop sq m (7,250 sq ft) the existing property to alternative use for Excellent potential to convert or redevelop office, care or residential use, subject to the existing property to alternative use for planning office, care or residential use, subject to Potential for more massing on the site, planning subject to planning - not listed and not in a Potential for more massing on the site, conservation area subject to planning - not listed and not in a We are instructed to seek unconditional conservation area offers in excess of £1,800,000 for our Unconditional offers are invited for the client’s freehold interest, subject to freehold interest, subject to contract contract which reflects a low capital value rate of £248 per sq ft 2 1 FLINT STREET ELEPHANT AND CASTLE LONDON Location Elephant and Castle lies in the TRANSPORT London Borough of Southwark Road in an area that is undergoing .. Elephant and Castle is very well substantial regeneration. Its connected. Traffic runs to and from the location refers to the areas of south-east of London along the A2 (New Walworth and Newington and Kent Road and Old Kent Road), the south surrounding areas. It is situated of England on the A3 which in turn leads around a busy junction that to the West End via St George’s Road. provides major arterial routes Access to the City of London can be to the south and south east River Thames A201 TOWER quickly achieved via London Road and of England, to the West End OF LONDON A301 A300 Newington Causeway to the north of the and to the City of London. A3 junction. Newington Butts and Walworth Its junction forms part of the River Thames A3200 Road adjoin the southern junction. London Inner Ring Road and A3200 THE SHARD A100 i s t h e b o u n d a r y fo r t h e London Underground & Rail Southwark LONDON London Bridge .... The area is served by both ...... ..... congestion charge zone, being EYE A3 situated on the border of Waterloo .... London Underground and ...... Zones 1 and 2. A302 A201 Borough ........ Overground / National Rail services, which are 100m apart. The Elephant and Castle is a A301 A2198 Lambeth North Elephant and Castle Underground bustling, up and coming and A3200 A2 station (Zone 1) is situated on both the centrally located area. It has A201 A3 Northern and Bakerloo lines providing n o t a b l e b u i l d i n g s w h i c h A302 A100 A2206 quick access into both the West End and include a large part of London A3203 ELEPHANT & CASTLE A201 the City. The Overground rail station South Bank University campus, provides services to Sevenoaks and Kent T h e L o n d o n C o l l e g e o f RODNEY RD A3 A2 via Southeastern and Thameslink Communication, The Cuming . A23 FLINT S OLD KENT R services. Museum, Perronet House (an A215 award winning residential TREET Buses O A3200 Kennington AD block) and the Strata SE1 - a ..... Numerous bus routes serve the A3 luxury, 43 storey residential B214 Elephant and Castle area in all directions. block nicknamed “The Razor”. Not to scale. For indicative purposes only. 3 1 FLINT STREET ELEPHANT AND CASTLE LONDON THE PROPERTY ELEPHANT AND CASTLE BLACKFRIARS CITY THAMESLINK LONDON BRIDGE 10 MIN NORTHERN LINE - 8 MINUTES TO BANK STATION BOROUGH THE SHARD THE CITY OF LONDON TOWER BRIDGE TOWER BRIDGE ROAD BAKERLOO LINE 12 MINUTES TO A2 OXFORD CIRCUS A201 RODNEY ROAD OLD KENT ROAD FLINT STREET Not to scale. For indicative purposes only. DELANCEY TOWN CENTRE ELEPHANT PARK REGENERATION SCHEME REGENERATION SCHEME PEABODY BOROUGH TRIANGLE SCHEME 4 1 FLINT STREET ELEPHANT AND CASTLE LONDON Elephant and Castle Regeneration London is constantly growing and evolving, with current forecasts predicting approximately 10 million people will be living here by 2030. The Mayor of London’s London Plan recognises Elephant and Castle as an ‘Opportunity Area’ with a potential for growth that should be encouraged - over £4bn is being invested in its regeneration. It is one of three Opportunity Areas in Southwark, alongside Old Kent Road and Canada Water. Delancey is developing a new £1bn town centre on a 2.5 acre site, which incorporates the Elephant and Castle Shopping Centre (currently being demolished), a new campus for London College of Communication and an adjacent site of 1.25 acres fronting Elephant Road. The scheme includes 979 new homes for rent, 35% of which will be affordable including 1216 social rented properties. Elephant Park will be a new major mixed-use development including around 3,000 new homes, 50 new shops and restaurants and a brand new park and green space right in the heart of the scheme. Including Trafalgar Place, 1,633 of these homes are already complete, under construction or have planning consent. Borough Triangle scheme, developed by Peabody, will see a 2.5 acre brownfield site being turned into new homes, commercial space and a new public square known as Arch Plaza. Currently this site is being temporarily utilised by Mercato Metropolitano food market. London South Bank University St George’s Quarter development plans include new teaching space, a performing arts centre, exhibition space, a new library and learning and resource centres as well as public landscaped areas. Source: https://www.elephantandcastle.org.uk/elephant-and- castle-regeneration-map/?location=92 The Bakerloo Line Extension is planned to complete in 2028/29; two new stations are being built for it along Old Kent Road 35 1 FLINT STREET ELEPHANT AND CASTLE LONDON Situation The property is situated on the intersection between Flint Street, TREET Salisbury THAM S Park Row Catesby Street and Elsted Street. CHA To the north, south and east of the property is predominantly T. Sayer Street residential. To the west of the Y S RODNEY R TESB property, on the opposite side of CA O Flint Street, is the English Martyr’s ORB S AD Primary School. FLINT S TREET English EL Local amenities include Salisbury Martyrs STED S Row Park, a two minute walk to the School TREET S TREET east, which provides a public Nursery Row Park swimming pool and multi-use DEAN’S BUILDING games court. The more Elephant Park substantial 56 hectare, Burgess Park, is ½ mile to the south and provides numerous facilities including café, WCs, play areas, a lake and sports facilities (sports centre, football pitch, tennis courts, fishing, running and BMX RODNEY R track). There are numerous shops, OAD bars, cafes and restaurants along EL STED S Old Kent Road together with a Lidl TREET Mercato Metropolitano Food Market FLINT S and Tesco supermarket, hotel and health club. TREET Site The site is predominantly rectangular in shape and totals approximately 0.061 hectares (0.15 acres). Not to scale. For indicative purposes only. Burgess Park 6 1 FLINT STREET ELEPHANT AND CASTLE LONDON Description The main building provides Ground Floor accommodation on ground, lower ground and two upper floors. To the rear Second Floor is a single storey building that has been interconnected with former garages around a central courtyard area which is used for car parking. Accommodation The property provides a total of Lower Ground Floor approximately 673.5 sq m (7,250 sq ft) GIA. Note there are areas in the lower ground floor that have not been FirstFloor inspected, for which the floor areas are estimated. An approximate break down of gross internal floor areas are as follows: Floor sq m sq ft Lower Ground 95.23 1,025 Ground 348.57 3,752 First 128.67 1,385 Second 101.08 1,088 Total 673.55 7,250 37 1 FLINT STREET ELEPHANT AND CASTLE LONDON Tenure Residential Market The property is held freehold. Walworth and the surrounding area of Elephant and Castle are popular locations for residential due to the high levels of Planning amenities and fast transport links to both the West End and central London. The property sits within London Borough of Southwark’s local planning authority and falls within Old Kent Road Area Action Plan. It is not listed and not located in a conservation area. A large number of new schemes in the area have recently received planning permission or are under construction such The property has had various uses in the past but there is no planning history for the site. It was as the recently developed Highpoint building and the new formerly known as Rodney Road Police Station and then we believe let to Myrrh Education & Training, a apartment blocks surrounding Heygate Street and Rodney charity who aimed to meet the training needs of unemployed and economically disadvantaged people.