ENTER EXCEPTIONAL RESIDENTIAL DEVELOPMENT OPPORTUNITY

Transcription

1 FOR SALE Aviator Park, Station Road, Addlestone, Surrey KT15 2PG ibrochure - ENTER EXCEPTIONAL RESIDENTIAL DEVELOPMENT OPPORTUNITY LOCATED WITHIN THE HIGHLY DESIRABLE AND AFFLUENT TOWN OF ADDLESTONE IN SURREY OUTLINE PLANNING CONSENT GRANTED FOR UP TO 200 RESIDENTIAL UNITS 25% AFFORDABLE HOUSING PROVISION AGREED WITH SIGNED S106 ADJACENT TO ADDLESTONE TOWN CENTRE AND ADDLESTONE TRAIN STATION CLEARED SITE WITH ACCESS IN PLACE TOTAL SITE EXTENDS TO CIRCA 3.43 HA (CIRCA 8.49 ACRES) OFFERS INVITED ON AN UNCONDITIONAL BASIS ONLY BID DATE MIDDAY FRIDAY 28TH MARCH 2014

2 FOR SALE Aviator Park, Station Road, Addlestone, Surrey KT15 2PG ibrochure - SUMMARY EXCEPTIONAL RESIDENTIAL DEVELOPMENT OPPORTUNITY Located within the highly desirable and affluent town of Addlestone in Surrey Outline planning consent granted for up to 200 residential units 25% affordable housing provision agreed with signed s106 Adjacent to Addlestone town centre and Addlestone train station Cleared site with access in place Total site extends to circa 3.43 ha (circa 8.49 acres) Offers invited on an unconditional basis only Bid date midday Friday 28th March 2014 > SUMMARY > LOCATION > DESCRIPTION > OPPORTUNITY > PLANNING > TECHNICAL INFORMATION > GALLERY > MORE INFO / CONTACT

3 FOR SALE Aviator Park, Station Road, Addlestone, Surrey KT15 2PG Not to scale. For reference purpose only

4 HEATHROW TWICKENHAM M3 RIVER THAMES WEYBRIDGE A317 A317 AVIATOR PARK ADDLESTONE TRAIN STATION OVERGROUND MILL LANE B3121 B3121 ADDLESTONE Not to scale. For reference purpose only > SUMMARY > LOCATION > DESCRIPTION > LOCATION MAP > STREET MAP > OPPORTUNITY > PLANNING > TECHNICAL INFORMATION > GALLERY > MORE INFO / CONTACT

5 ibrochure LOCATION The land at Aviator Park is located in Addlestone, Surrey, within the jurisdiction of Runnymede Borough Council. Central London lies approximately 20 miles to the north east of the site. Other nearby towns include Weybridge 1 mile to the east and Walton-on-Thames approximately 3.5 miles to the north east. The prestigious St Georges Hill estate is located just 2.8 miles to the south east. Aviator Park is well served with road connections. Vehicular access to the site is provided directly from Station Road (B3121). Junction 11 of the M25 is a 5 minute drive (1.8 miles) to the east, being accessible from Station Road (B3121) via Woburn Hill / St Peters Hill (A317). Addlestone railway station is only a short walk (0.1 miles) from the site. Regular over ground train services run into London Waterloo, with a journey time of circa 50 minutes. Direct trains in to London Waterloo from Weybridge station, located 1.7 miles away from the site, provide a quicker connection in as little as 30 minutes. Heathrow Airport is approximately 10.4 miles from Addlestone with Gatwick airport approximately 25.7 miles away. Aviator Park is within close proximity to the highly rated St George s co-educational junior school and college. Addlestone Town Centre is also being upgraded. Runnymede Council are redeveloping a site formed by linking the civic offices, the Police Station and a town centre car park. The total site extends to 5.8 acres and replaces 1960 s buildings with a new mix of uses including residential, leisure and commercial.

6 M25 M4 M3 ADDLESTONE M25 M3 M25 OpenStreetMap contributors opendatacommons.org > SUMMARY > LOCATION > DESCRIPTION > LOCATION MAP > STREET MAP > OPPORTUNITY > PLANNING > TECHNICAL INFORMATION > GALLERY > MORE INFO / CONTACT

7 A317 AVIATOR PARK B3121 A317 ADDLESTONE TRAIN STATION OVERGROUND B3121 M3 M3 M3 M25 CHERTSEY A317 A317 ADDLESTONE B3121 A317 WEYBRIDGE B3121 M25 AVIATOR PARK OPEN STREET MAP > Not to scale. For reference purpose only

8 to 30 15b 19 Ward B Land at Aviator Park, Addlestone, Surrey, KT15 2PG Nursery Woburn Cottage Arcadia House Newholme El Sub Sta WOBURN HILL D 14.5m 12 to m 1 to 11 Track St Georges Gate El Sub Sta Orchard House Malpas Stockton Cheltenham Rhodene Kingsweir Broomlea Lyngby El Sub Sta Treegarth Erracht Mead Court Drain m CR 1 STATION ROAD Matthe Def to 8 Stedman Aviator Park 2 House El Sub Sta El Sub Sta El Sub Sta 264 ALBERT ROAD a Ch m 25m 50m 75m Sports Ground 7 Def Shelter 244 TO m GARDEN CLOSE Ordnance Survey Crown Copyright All rights reserved. Licence number Plotted Scale - 1:2500 On-line ibrochure > SUMMARY > LOCATION > DESCRIPTION > OPPORTUNITY > PLANNING > TECHNICAL INFORMATION > GALLERY > MORE INFO / CONTACT For indicative purposes only.

9 ibrochure DESCRIPTION The site, known as Aviator Park, was formerly a research and development site for GEC Marconi, but was partially redeveloped to provide two modern office buildings fronting Station Road in Broadly rectangular in shape, the brownfield site measures approximately 3.43ha (8.49 acres). As well as being within walking distance to Addlestone train station and high street amenities, the site lies within a predominately residential area and benefits from being adjacent to open space on two of the site boundaries. The fields to the rear are within the Green Belt and an Area of Landscape Importance. The site is relatively flat with a gradual rise from the front south east boundary, towards the rear north west boundary. The site is clear of all former buildings and the sale includes the former temporary marketing office. An access road with a large circular turning point runs along the inside of the southern site boundary. The site is accessed from Station Road (B3121) via the existing Aviator Park entrance, providing for an already established gateway entrance to the site. It is understood that the site is within Flood Zone 1.

10 > SUMMARY > LOCATION > DESCRIPTION > OPPORTUNITY > PLANNING > TECHNICAL INFORMATION > GALLERY > MORE INFO / CONTACT

11 ibrochure OPPORTUNITY The development opportunity at Aviator Park is underpinned by an attractive setting for a high quality residential scheme, set within close proximity to local transport and leisure amenities. Outline planning consent is in place for up to 200 residential dwellings. The illustrative scheme submitted as part of the planning application shows a mix of 3 to 4 storey apartments (1 to 2 bedrooms) positioned adjacent to the existing office buildings, as well as a mix of 2 to 3 storey houses (2 to 4 bedrooms) in a mix of semi-detached and terraced dwellings. Following extensive discussions with Runnymede Borough Council, the signed s106 agreement requires 25% affordable housing provision on site, as well as a financial contribution of 117,860. Although the site access road runs between the two modern office buildings, it is considered that careful access segregation and building design will assist in enabling the two uses to sit together without impacting on end sales values. In addition, the current cleared and undeveloped nature of the site means that demolition is not required and remediation works should be limited. This combined with the strong sales market offers a development opportunity that will drive a high return on capital employed.

12 PLANNING On 12 December 2013, Runnymead Borough Council (planning ref: RU.13/0770) granted outline planning permission for redevelopment of land to the rear of the existing office buildings for up to 200 residential units and associated access, car parking and landscape works. Although a detailed scheme will be finalised through reserved matters, an illustrative scheme was provided at application stage which showing a mix of 3 to 4 storey apartments (1 to 2 bedrooms), as well as a mix of 2 to 3 storey houses (2 to 4 bedrooms) incorporating both semi-detached and terraced dwellings. A copy of the indicative scheme and Decision Notice documentation are available for download from the Technical Information page [opposite). There will be an obligation on the purchaser to extend the adoption of the existing access road from the control barriers at the entrance from Station Road to the furthest car park entrance to Building X1-B. The control barriers and kiosk will be removed by the vendor prior to completion of the sale and new barriers located at each office car park entrance, controlled from the respective office entrances. > SUMMARY > LOCATION > DESCRIPTION > OPPORTUNITY > PLANNING > TECHNICAL INFORMATION > GALLERY > MORE INFO / CONTACT

13 ibrochure TECHNICAL INFORMATION Technical information can be accessed by clicking on the following links: Planning Information > Phase 1 Ground Report > Draft Contract > Flood Risk Assessment > Phase 2 Ground Report > Site Plan > Heritage Statement > Title Summary > Transport Assessment > Utilities & Services > Environmental Noise Survey > The Phase 1 Ecological Assessment and Reptile Survey > Topographical Survey > Design & Access Statement > S106 Agreement >

14 > SUMMARY > LOCATION > DESCRIPTION > OPPORTUNITY > PLANNING > TECHNICAL INFORMATION > GALLERY > MORE INFO / CONTACT

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16 ibrochure MORE INFORMATION Title Information The site forms part of a larger property owned freehold by the seller and registered with title absolute under title number SY Official copies of the seller s title to the property are available from the Technical Information page. The seller will transfer the freehold in the site together with appropriate reservations and rights of way over the main access road which will be shared between the site and the retained land until adopted. VAT The Property has been elected for VAT. Viewings Site viewings are by appointment only. Interested parties should contact Toby Box at CBRE on / toby.box@cbre.com to arrange access. Tender Process The site is being sold via informal tender. Offers are invited on an Unconditional basis only. Offers letters are to be submitted as a PDF attachment and ed to Toby Box toby.box@cbre.com at CBRE by midday on Friday 28th March BACK FOR MORE INFORMATION PLEASE CONTACT THE FOLLOWING: Adam Cradick Adam.cradick@cbre.com Toby Box Toby.box@cbre.com Henrietta House, Henrietta Place, London W1G ONB Misrepresentation Act: All Agents and for the vendors or lessors of this property whose agents they are, give notice that (i) these particulars are produced in good faith, are set out as a general guide only and do not constitute any part of an offer or contract. They are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves as to the correctness of each of them. (ii) no person in the employment of all agents has any authority to make or give any representation or warranty in relation to this property. 1st November Armstrong Design