Residential Development Opportunity The Old Lamp...

savills.co.uksavills.co.uk

Savills33 Margaret StreetLondon W1G 0JD

+44 (0) 20 7016 3851

■ Freehold residential development opportunity in the London Borough of Merton.

■ Site extending to approximately 0.22 ha (0.53 acres), currently accommodating industrial buildings.

■ The site has been allocated for residential (C3) or educational (D1) use.

■ Preferred scheme proposal has been drafted for 43 units, a mixture of houses and apartments totalling 3,029 sq m (32,603 sq ft) NSA.

■ For sale subject to planning with vacant possession.

25 High Path, South Wimbledon & 17 Rodney Place, South Wimbledon SW19 2JL

Residential Development OpportunityThe Old Lamp Works

Freehold

Red line boundary for indicative purposes only

LocationThe site is located on the north side of High Path, in the London Borough of Merton. The immediate area is characterised by a mix of residential, commercial and mixed-use buildings. The site sits within an area allocated for residential redevelopment that Merton Council are undertaking in conjunction with Circle Housing for wider regeneration of the neighbourhood and surrounding area.

A range of independent and convenience retailers including Sainsbury’s and Marks & Spencer together with restaurants and cafes can be found approximately 300m (0.19 miles) to the north of the site along Merton High Street. More extensive retail and leisure amenities are located in the Tandem Centre 480 metres (0.3 miles) to the east of the site and the Centre Court Shopping Centre 1.9km (1.2miles) to the north west of the site in Wimbledon.

Nursery Road Playing Fields are located 0.8 km (0.5 miles) to the west providing green spaces and recreational facilities including football pitches, tennis courts and a play area.

The site is well served by public transport as indicated by its PTAL rating of 4. It is located approximately 500 metres (0.3 miles) to the south east of South Wimbledon underground station, providing regular services along the Northern line in to Waterloo (23 minutes). Morden Road tramlink is located 970m (0.6 miles) to the

south providing connectivity to Croydon and Wimbledon railway station The area is also well served by several bus routes operating along Merton High Street and Haydons Road.

DescriptionThe site extends to approximately 0.22 ha (0.53 acres). The property comprises a number of industrial buildings and associated car parking area which fronts onto High Path. Access to the property is available from both High Path and Rodney Place.

The site is located within the High Path development masterplan and has been outlined by Merton Borough Council as an area for regeneration and residential redevelopment within the borough.

The site is bordered to the west by a car park and residential apartment blocks, to the north by Rodney Place, to the east by a commercial unit and to the south the site fronts onto High Path with industrial units located on the opposite side of the road.

NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100022432 Savills (UK) Limited.

NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100022432 Savills (UK) Limited.

Tenure MixNumber of

UnitsResidential NSA sq ft

Residential NSA sq ft

Parking Provision

1 Bed Apartment 19 958 10,312



3 Bed Townhouse 7 744 8,008

Total 43 3,029 32,604 12

PlanningThe property falls within the jurisdiction of the London Borough of Merton, and does not contain any listed structures nor is it located within a Conservation Area. The site is within an archaeological priority zone.

The site has been identified by the Council as a suitable site for redevelopment and is included within the London Borough of Merton – Sites and Policies Plan July 2014 and as an allocated site for Residential (C3) or Educational (D1) use.

A number of schemes have been proposed for the site and a preferred option which has been discussed with the Merton Planning Department. Below is a schedule of accommodation for the preferred option:

Option 3 Outline Schedule:

A more extensive planning report identifying the different proposal options for the site is available from the online dataroom.

TenureThe property has tenancies across 3 buildings with lease expiry and vacant possession due in January 2017.

Method of saleThe property is freehold and is for sale with vacant possession by way of informal tender. The sale of the property is on a Subject to Planning basis.

VATThe property is not elected for VAT.

ViewingsViewings can be undertaken from the street. Should you wish to gain access to the building please contact the sole selling agent to make an appointment.

Further InformationFurther information, including planning documents and surveys are available at:

www.savills.co.uk/oldlampworks


savills.co.uk

Important Notice

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. Sale particulars produced January 2016.

Andrew Cox+44 (0) 207 016 3851 [email protected]

Andrew Cooper+44 (0) 207 016 3848 [email protected]

Lucy Robbie+44 (0) 207 409 [email protected]


Residential Development Opportunity The Old Lamp...

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