Embed Size (px)
Citation preview
FOR SALE BY AUCTION 24th MARCH 2014
Prime South West London Development Opportunity
Carlton House Putney, London SW15 2BS
Summary ■ Located within the London Borough of Wandsworth
■ Within 100 meters of East Putney underground station
■ Existing building comprises 3,774.07 sq m (40,625 sq ft) GIA of offi ce accommodation over seven fl oors
■ 27 car parking spaces
■ Potential for a mixed use development subject to obtaining all necessary consents
■ To be sold with vacant possession
■ Site area 0.21 hectare (0.525 acre)
Carlton House, 27A Carlton Drive and 85-91 Upper Richmond Road, Putney, London SW15 2BS
LocationThe site is located within East Putney on the southern side of Upper Richmond Road (South Circular Road) opposite Waitrose, at its junction with Carlton Drive, providing excellent transport links to Central London and the South East.
The area is well served by public transport with Putney Bridge and East Putney Underground stations (District Line) and Putney Rail Station (South West Trains) within easy access and regular bus services to Hammersmith, Fulham and the West End.
Putney is an affl uent and popular residential area of South West London which benefi ts from an excellent range of local and national shops, bars and restaurants. Putney Hill/High Street is located within 325m of the property. Upper Richmond Road is currently experiencing increasing residential development with neighbouring sites including St James’s Langham Square scheme and London Square’s Putney Central scheme.
Putney
WandsworthTown
East Putney
PutneyBridge
HurlinghamPark
WandsworthPark
King George’sPark
SouthsideShopping
Centre
SouthPark
Huguenot Pl
A3 East HillWandsworth High St
A3 West H
ill
Upper Richmond Road
A205 South Circular Road
A3 Armoury Way
A21
7
Swandon Way
Fairfield
St
A214 Trinity Road
A3205
York R
oad
A217 W
andsw
orth Bridge R
oad
B306 Lower Richmond Road
A3209 Putney Bridge Road
A21
8 B
uckh
old R
oad
A21
7 Ga
rratt Lane
Car
lton
Driv
e
St.John’s Avenue
Ray
ner’s
Rd
Mer
cier
Rd
Kes
wic
k R
oad
Lytton Grove
A21
9
Put
ney
Hill
Putn
ey B
ridge
App
roac
h
A21
9
Put
ney
Hig
h S
t
Portinscale Rd
DescriptionThe existing site comprises 0.21 hectares (0.525 acres) and is occupied by a vacant seven storey L shaped 1960’s offi ce building comprising 3,774.07 sq m (40,625 sq ft). The rear of the site comprises an open car park accessed from Carlton Drive.
© Crown Copyright, ES 100004106. For identifi cation purposes only.
3
4
2
Putney High Street Putney Bridge
1
Carlton HousePutney Central Development
Langham Square Development
Putney Plaza Development
East Putney Underground Station
34
12
© Crown Copyright, ES 100004106. For identification purposes only.
Planning
The property is located within the London Borough of Wandsworth and is not situated within a conservation area. The surrounding area comprises a mix of uses with an increasing number of office buildings on Upper Richmond Road becoming residential led developments. Carlton Drive to the south is predominantly residential in character containing a mix of purpose built developments and Victorian Terraces.
The site is located within Putney Town Centre South and is designated within the Site Specific Allocation Document (2012) as a site suitable for a high density mixed use development, including residential. The property is vacant with the majority of the building vacated on 19th July 2013 and the sixth floor vacated on 19th December 2013.
Accommodation Schedule
Floor Sq m Sq ft
Lower Ground (Part Accessed) 113.90 1,226
Ground 531.57 5,722
Ground (Half Landing) 42.64 459
First - Sixth (per floor) 502.5 5,409
Seventh 70.98 764
Total GIA 3,774.07 40,625
Neighbouring Residential SchemesThe high demand for quality residential units within Putney has led to increasing residential development within the area. There are a number of current development projects surrounding the property, including;
LANGHAM SQUARE 77 – 83 Upper Richmond Road
This St James development, located directly opposite the subject property, gained full planning permission in June 2011 for a 9-13 storey scheme providing 104 residential units with office and retail occupied by Waitrose. Website link
PUTNEY SQUARE 113–123 Upper Richmond Road
This London Square development gained full planning permission in March 2013 for a 12 storey building providing 76 residential units with office and retail accommodation. Construction has started. Website link
111 UPPER RICHMOND ROAD
The neighbouring site also owned by London Square obtained a resolution to grant planning consent in December 2013 for 37 residential units with commercial accommodation at ground and first floor. We under-stand this will form an extension to the Putney Square scheme.
PUTNEY PLAZA
This development gained full planning permission in March 2012 for 4 buildings ranging from 5 storeys to 11 storeys to provide a mixed use scheme comprising of 148 residential units and various commercial uses. Construction has started. Website link
Rateable ValueWe understand the 2010 rateable value is £499,250. www.2010.voa.gov.uk
VATVAT is not applicable to this lot.
TitleTo be offered Freehold subject to a substation lease and associated wayleaves and a right of way to the benefit of the adjoining owner. (Buyers refer to the legal pack www.allsop.co.uk).
(Areas are provided by BKR floor plans and are Gross Internal Areas (GIA)
Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design: CommandD www.commandHQ.co.uk 02.14
George Walker020 7543 [email protected]
Chris Childs020 7543 [email protected]
Residential development Commercial auction
For further information or to make arrangements for viewing please contact:
Anthony Dixon020 7344 [email protected]
Proposal To be offered by auction (unless sold prior) on
Monday 24th March 2014 The Dorchester Hotel, Park Lane, London W1K 1QA
Guide Price £7million+
Further information can be downloaded at www.allsop.co.uk
Chris Wilson020 7344 [email protected] www.allsop.co.uk
