Development and Investment Opportunity - 31-37 Laurie Grove, New Cross, London SE14 6NH

Development and Investment
         Opportunity
           On behalf of

31-37 Laurie Grove, New Cross, London SE14 6NH

Location
New Cross is one of South London’s prime social neighbourhoods situated within
the London Borough of Lewisham just 4.5 miles South East of Charing Cross with
strong transport links from New Cross and New Cross Gate Stations. The
neighbouring Borough of Greenwich is also within walking distance.

The site is located within a mix of residential and commercial properties presently
part of Goldsmiths, University of London with an approximate site area of 839m2.
The site is currently owned by Goldsmiths, University of London and used as office
space for educational purposes which falls under the F1(a) use class of learning and
non-residential institutions.

Goldsmiths, University of London is an integral part of the wider New Cross
community. It was founded in 1891 and has a leading reputation internationally
attracting students from all over the world.                                                       Figure 1 – Site Location Plans

The area benefits from excellent transport links with both stations being served by
London Overground allowing for readily access to other parts of South London and
Central London. The nearest stations include New Cross Station (0.3 miles) and New
Cross Gate Station (0.2 miles) which are both within walking distance in under 7
minutes. Journey times include;

•   New Cross or New Cross Gate to London Bridge                    – 7 minutes
•   New Cross to Cannon Street                                      – 11 minutes
•   New Cross Gate to Shoreditch High Street                        – 18 minutes
•   New Cross Gate to East Croydon                                  – 25 minutes

In addition to the railway stations, there are a number of buses that serve New Cross
travelling to and from Central London with an approximate journey time of 30
minutes including the route 36 which is a 24 hour bus service.

Description
The development site comprises of 7no. former residential dwellings, which are currently in F1(a) use by the freeholders. Individual applications have been made to London Borough of Lewisham to return each
of the individual units back to residential use with each of the units comprising of 3 bedrooms and a private garden. Whilst the properties are currently within education use as offices and teaching facilities,
there have been no internal reconfiguration to the fabric of the building.

The current buildings are of early 1900 traditional brick built construction and are two and half storeys in height. All of the properties benefit from gas fired central heating along with all other services (not been
tested). Gardens are located to the rear of the properties.

Given that the site is situated within the Goldsmiths, University of London Complex, the proposed change of use will allow the properties to serve as ideal student accommodation, which is currently in short
supply.

                                                                    Proposed Accommodation

Additional Information
Tenure
The site is being offered as a sale of freehold development and investment opportunity.

Planning
Planning has been submitted for conversion of the existing ancillary F1(a) use class space to 7 x 3 bed terraced houses through individual applications.

Purchasers are otherwise advised to make their own enquiries to the Local Planning Authority.

Method of Disposal
Unconditional sale and overage may be sought.

Terms
A deadline for offers has been set as 14th May 2021 and therefore interested parties are advised to contact Jack Lewis (jack.lewis@frankham.com) on 020 8309 7777 for further information in this regard.

Services
We understand that the property benefits from connections to all mains services, although prospective purchasers should satisfy themselves in this regard.

VAT
VAT will not be payable on the purchase.

Legal Costs
Each party is to bear their own legal costs incurred in the transaction.

Viewings
The site can be inspected from the road side. Any on site inspections are by appointment only with Frankham Projects on 020 8309 7777.

        Frankham Projects as our vendor’s agent have endeavoured to check the accuracy of these sales particulars, but however can offer no guarantee, we therefore must advise that any prospective purchaser employ their own experts to verify the
                                                 statements contained herein. All measurements are approximate and should not be relied upon. No equipment, utilities, circuits or fittings have been tested.