RESIDENTIAL DEVELOPMENT OPPORTUNITY - Prince of Wales Public House, 277-279 Kingston Road, New Malden, KT3 3SN - Savills
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CGI of Refused Student Application RESIDENTIAL DEVELOPMENT OPPORTUNITY Prince of Wales Public House, 277-279 Kingston Road, New Malden, KT3 3SN Freehold development site extending to approximately 0.14 acres (0.055 hectares).
Prince of Wales Public House, 277-279 Kingston Road, New Malden, KT3 3SN 2 EXECUTIVE SUMMARY LOCATION The Property is located in New Malden within the New Malden station is located approximately 1.4 km • Freehold development site extending to approximately 0.14 London Borough of Kingston Upon Thames. (0.9 miles) east of the site and provides access to acres (0.055 hectares). the National Rail Network, with direct services to The site is bound by Kingston Road to the south, London Waterloo in 25 minutes (source: National • Located adjacent to the Kingston Homebase development Homebase and Avenue Terrace to the north and Rail). In addition, the site is also well served opportunity. east, and Dickerage Lane to the west. The adjacent by multiple bus routes operating along A2403 Homebase site is currently being marketed for sale (Kingston Road), providing services to central as a development opportunity with potential for Kingston, New Malden station and Wimbledon. • Refused planning application for a student scheme of 90 approximately 240 units within a mixed use scheme. bedspaces. Application refused on lack of student demand, not scale or massing. A range of shops, restaurants and cafes can be found on New Malden High Street, 1.5 km (0.9 miles) • Potential for redevelopment to residential, Subject to to the east and an Aldi supermarket is located 350m north east of the site. Kingston town centre Planning. is located approximately 2 km (1.3 miles) to the north west, providing an extensive retail and leisure • Approximately 1.4 kilometres (0.9 miles) to New Malden offering. Station. • For sale Freehold with vacant possession. • Guide Price – Excess £2.5m Freehold development site extending to approximately 0.14 acres (0.055 hectares). Potential for redevelopment to residential, Subject to Planning. NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
Prince of Wales Public House, 277-279 Kingston Road, New Malden, KT3 3SN 3 DESCRIPTION DEVELOPMENT POTENTIAL The Property comprises the former Prince of Wales Public House and associated land to the HTA Architects have drawn an indicative residential scheme for the site. The proposed rear. The existing building is arranged over 2-storeys and is accessed from Kingston Road. scheme shows potential for a five storey building comprising 1 commercial unit and 21 residential units. The Property has been vacant since 2015 and sits within a broadly rectangular site extending to approximately 0.14 acres (0.055 hectares). The proposed schedule of accommodation is set out below: UNIT TYPE NO. OF UNITS NIA / NSA SQ M NIA / NSA SQ FT GIA SQ M GIA SQ FT PLANNING Private Residential Affordable 13 7 879 471 9,461 5,070 The Property falls within the jurisdiction of the Royal Borough of Kingston upon Thames and is Shared Ownership 1 51 549 not located within a Conservation Area. Residential Sub-total 21 1,401 15,080 Refused Planning Application Commercial 1 71 764 Planning permission (Ref: 16/13098/FUL) was refused on 30th January 2018 for the following Commercial Sub-total 1 71 764 development: Total 1,401 15,080 1,847 19,881 “Redevelopment of the site to incorporate Avenue Terrace, with a part 5-storey, part 4-storey, part 2-storey building, to provide 90 student bedspaces and facilities.” HTA Architects have also drawn indicative schemes of 27 and 37 residential units, extending to 5 and 7 storeys respectively. These schemes incorporate half of Avenue Terrace and a The application was refused for the following reasons: legal opinion is available detailing that upon the stopping up of Avenue Terrace, the ownership boundary would move to the centre of the highway. The HTA capacity studies for the larger 1. The evidence indicates that the borough has sufficient purpose built student schemes are available upon request. accommodation to meet available demand. In the light of the significant housing targets for the borough, the provision of additional managed student accommodation would not 27 Unit Scheme be the most efficient and effective use of this previously developed land. UNIT TYPE NO. OF UNITS NSA SQ M NSA SQ FT TOTAL SQ M TOTAL SQ FT 2. The proposal fails to make adequate provision for on-site car parking. In the absence of a 1B2P 14 50 538 700 7,535 signed legal agreement to secure appropriate mitigation, the development would prejudice 2B4P 10 74 797 740 7,965 conditions of highway safety and efficiency in conflict with Policies DM9 and DM10 of the Royal Borough of Kingston upon Thames LDF Sustainable Transport Supplementary 3B5P 3 93 1,001 279 3,003 Planning Document, and Policy 6.2 (Car Parking Standards) of the London Plan 2016. Total 27 1,719 18,503 The application was not refused due to design, scale or massing. 37 Unit Scheme The decision notice is available on the dataroom. UNIT TYPE NO. OF UNITS NSA SQ M NSA SQ FT TOTAL SQ M TOTAL SQ FT 1B2P 21 50 538 1,050 11,302 2B4P 13 74 797 962 10,355 3B5P 3 93 1,001 279 3,003 TOTAL 37 2,291 24,660
Prince of Wales Public House, 277-279 Kingston Road, New Malden, KT3 3SN 4 HOMEBASE KINGSTON, VAT Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed. NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) 229-253 KINGSTON The site is elected for VAT. ROAD, KT Homebase Kingston adjoins the site to the FURTHER east, separated by Avenue Terrace. Homebase sits within a site extending to 2.52 acres (1.02 INFORMATION hectares) which is currently being marketed for Further information including technical and legal sale as a development site. TP Bennett architects documentation is available at: have undertaken a feasibility study indicating the development potential of the site assuming www.savills.co.uk/277_279kingstonroad a residential led scheme. The proposed scheme comprises: • 240 Residential Units (160 x Private, 22 x CONTACT Intermediate and 58 x Social Rent) Andrew Cooper • Combined residential Net Saleable Area of +44 (0) 207 016 3848 approximately 164,022 sq ft acooper@savills.com • 6,351 sq ft GIA retail floorspace Eleanor Hannam +44 (0) 203 320 8211 • 155 car parking spaces ehannam@savills.com TENURE The property is for sale freehold with vacant possession. METHOD OF SALE The site will be sold by way of informal tender (unless sold prior). Offers are sought for the freehold interest. IMPORTANT NOTICE Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, and published for the purposes of identification only and although believed to be correct accuracy is not guaranteed. 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. Designed and Produced by Savills Marketing: 020 7499 8644 | June 2018
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