ROYAL DOCKS SERVICE STATION NORTH WOOLWICH ROAD, SILVERTOWN, LONDON, E16 2AB FOR SALE Freehold Development Opportunity Subject To Planning or Unconditional Offers Sought Vendor To Remediate Prior to Completion For information, contact: Henry Lang t: 020 7182 3357 e: [email protected] CBRE Limited St Martin’s Court 10 Paternoster Row London EC4M 7HP t: 020 7182 3060 f: 020 7182 3959 www.cbre.co.uk/properties ROYAL DOCKS SERVICE STATION NORTH WOOLWICH ROAD, SILVERTOWN, LONDON, E16 2AB FOR SALE LOCATION The property is to the south of North Woolwich Road at the junction with the North Woolwich Roundabout. Pontoon Dock DLR station is approximately five hundred metres from the property. DESCRIPTION The property is an operational petrol filling station on a site of approximately 0.58 of a hectare (1.43 of an acre). The property is available for alternative uses (subject to appropriate planning permission). The vendors will carry out environmental remediation works to a standard that is, in the opinion of their environmental consultants, suitable for high density residential use. TENURE Freehold. For information, contact: PLANNING The site is in an area administered by Newham Council. Verbal enquiries of Henry Lang t: 020 7182 3357 the planners have indicated that a residential or commercial development e: [email protected] may be an acceptable use for the site. We recommend that interested parties make their own enquiries of the Council (Tel: 020 3373 8300). TERMS CBRE Limited Best offers by way of informal tender are required by 5pm, Friday 23rd May St Martin’s Court 2014 10 Paternoster Row London All offers should be submitted using the tender form available from the CBRE EC4M 7HP website and sent by post in a sealed envelope with the name of the site in the t: 020 7182 3060 top left hand corner. f: 020 7182 3959 Please address your offer to: Howard Kirby, Esso Petroleum Company Ltd, c/o RPS Ltd, The Cornerstone, The Broadway, Woking GU21 5AN. www.cbre.co.uk/properties CONDITIONS OF SALE 1. To allow for ExxonMobil internal approvals to be obtained the sale will proceed by way of a Put Option under which the vendor has the option to proceed, exercisable by notice within 2 months of exchange. Ordinarily exercise can be anticipated earlier rather than later in the option period. 2. Where the successful purchaser’s end use will comprise or incorporate high density residential use only, between the vendor exercising the Put Option and completion the vendor will (if not already carried out) de-commission the property and will carry out environmental remediation to a standard reported by the vendor’s environmental consultant to be in his professional opinion fit for that use; and the purchaser will enter into a restrictive covenant prohibiting any other form of residential use of the property. For this purpose, “high density residential use” is limited to use as flats apartments or other residential units designed or converted for occupation by single persons or households without provision of gardens or garden areas for the exclusive use or enjoyment by the occupier/s of individual units. 3. Where the successful purchaser’s end use will not incorporate residential use, between the vendor exercising the Put Option and completion the vendor will de-commission the property and will carry out environmental remediation to a standard certified by the vendor’s environmental consultant as fit for the successful purchaser’s end use; and the purchaser will enter into a restrictive covenant prohibiting residential use of the property. For this purpose, “residential use” includes use as a dwelling house or as a hotel, hostel or other building in which persons sleep or reside, or as a campsite or caravan park. 4. Offers will ideally be on an unconditional basis, but offers on a subject to planning basis will also be considered. 5. The sale price will be subject to VAT. SUBJECT TO CONTRACT DISCLAIMER: CBRE Limited April 2014 CBRE Limited on its behalf and for the Vendors or Lessors of this property whose Agents they are, give notice that: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. 2. Details are given without any responsibility and any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of CBRE Limited has any authority to make any representation or warranty whatsoever in relation to this property. 4. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. .