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Residential Development for sale

1-9 Sandycombe Road, Richmond upon Thames, Greater London

Removed £3,750,000

Property Description

Key features

  • For sale by auction
  • Residential Development

Full description

Tenure: Freehold

Lot 30 - This lot is for sale by auction as lot 30 on Thursday 15th February 2018.

Freehold Site extending to Approximately 0.152 Hectares (0.375 Acres) occupied by a Two Storey Commercial Building

- Planning Permission for the Redevelopment of Site to provide for a Mixed Use Development of 535 sq m (5,757 sq ft) of Commercial Space (B1 (a), (b) and (c) and B8 Use) and Twenty Private Residential Units, together with Car Parking and Landscaping
- When implemented, the Scheme will provide 2 x Studio Flats, 7 x One Bedroom Flats, 7 x Two Bedroom Flats and 4 x Three Bedroom Flats together with 535 sq m (5,757 sq ft) of Commercial Space
- All Apartments are for Private Sale and there is no Affordable Housing or S.106 payment associated with the SchemeSIX WEEK COMPLETION

Tenure
Freehold.

Location
The property is situated on the east side of Sandycombe Road, to the north of its junction with Lower Richmond Road. Local shops and amenities are available directly to the south along Manor Road. Multiple local bus routes run along Sandycombe Road and Lower Richmond Road, direct to Richmond, Hammersmith and Putney town centres. Rail services run from North Sheen Station, which is approximately 400m away and provides a direct line to Clapham Junction and Waterloo Stations. Kew Gardens Underground Station is also within walking distance. Station Parade, adjacent to the station, is the main square' of Kew Village, having a neighbourhood market, a number of artisan shops and a Michelin starred restaurant. The extensive shops and facilities of Richmond are less than a 15 minute walk away. To the south lies Lower Richmond Road (A316), which provides access to the South Circular Road (A205) and in turn the M4 Motorway. The site is excellently located for parks, with Richmond Park and The Royal Botanic Gardens Kew both being in close proximity.

Description
The property comprises a site extending to approximately 0.152 hectares (0.375 acres). The land is currently occupied by a two storey commercial building.

Accommodation
Site Area Approximately 0.152 Hectares (0.375 Acres)

VAT
The site is elected for VAT.

Proposed Accommodation
When implemented, the scheme will provide 2 x studio flats, 7 x one bedroom flats, 7 x two bedroom flats and 4 x three bedroom flats, together with 535 sq m (5,757 sq ft) of commercial space (B1(a), (b) and (c) and B8 Use). The developer will be required to enter into a Basic Asset Protection Agreement with Network Rail. This has been prepared by the Seller and agreed with Network Rail for the eventual developer to sign before commencing development. There is a fee payable to Network Rail associated with this of £74,876. For further details, please refer to the legal pack. There is an easement in favour of the South East Electricity Board. This has recently been varied, so that it does not impact on the development of the site. There is also an easement in favour of BT, who have agreed to the new building being built. For further information, please refer to the legal pack.

Planning
Local Planning Authority London Borough of Richmond upon Thames.Tel 0208 891 1411.Planning permission (Ref 16/4890/FUL) was granted on 8th September 2017 for the redevelopment of site to provide for a mixed use development of 535 sq m of commercial space (B1 (a), (b) and (c) and B8 use) and 20 private residential units, together with car parking and landscaping.Copies of the planning permission and associated documentation, including proposed plans, are available for inspection from the auctioneers.The site also benefits from various other consents. Full details available on the local authority website.

Vacant Possession


To View
The property will be open for viewing every Wednesday and Friday before the Auction between 9.30 - 10.00 a.m. These are open viewing times with no need to register.

Seller's Solicitor

Gowling WLG (Ref Mr Vernon-Stroud).Tel 0121 233 1000.Email james.vernon-stroud@gowlingwlg.com

Joint Auctioneer
Savills (Ref Andrew Cox).Tel 0207 016 3851.Email acox@savills.com

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at www.auction.co.uk. Please check regularly for updates. Lots may be sold or withdrawn prior to auction.


Map & Street View

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Allsop , Auction on 0207 494 3686.


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