FOR SALE

Hereford Place, New Cross SE14 6LF

Offers in the region of £4,500,000

Description

The site comprises a cleared area of concrete hardstanding extending to approximately 0.2 acres and is broadly rectangular in shape and on a north south axis.

The property is currently used as a haulage yard with several storage containers and Portakabins around the perimeter.

Access is via a gated entrance from Hereford Place which is a cul de sac forming the continuation of Royal Naval Place.

The property is bounded to the north by a terrace of Victorian houses facing the new Charlottenburg Park, to the east by the Royal Naval Place allotments, to the south by the Mulberry Centre and to the west by the overground railway into London.

Location

The property is situated on Hereford Place in New Cross within the London Borough of Lewisham and the immediate site context is comprised of low rise residential housing and green open spaces.

The nearest shops and amenities are available on New Cross Road and in Deptford High Street via the pedestrianised route from Amersham Vale. Fordham Park, Margaret McMillan Park and the recently created Charlottenburg Park are all within 3 minutes walk of the site.

New Cross Station is located approximately 3 minutes walk (circa 150 metres) to the south and Deptford and New Cross Gate stations are around 8 minutes walk to the east and west respectively.

Journey times include:
New Cross – Shoreditch High Street: 15 mins (London Overground)
New Cross Gate – London Bridge: 10 mins (National Rail)
New Cross – Cannon Street: 13 mins (National Rail)
Deptford – Cannon Street: 10 mins (National Rail)

Planning & Development Potential

The site was given a resolution to grant planning permission on 28th September 2017 (application reference DC/17/101332) for the erection of a part-1, part-4, part-7 and part- 8 storey building (including part basement) to provide 26 residential units, together with landscaping, cycle parking and associated public realm works.

The proposed development will create 12 x 1 bedroom, 7 x 2 bedroom and 7 x 3 bedroom apartments totalling 19,924ft2. All units are for private sale with no requirement for affordable housing provision.

The planning consent is subject to the completion of a Section 106 Agreement with obligations for financial contributions totalling £315,733. A CIL liability of circa £237,405 is applicable.

The online planning application can be viewed here.

Tenure

The property will be sold freehold with vacant possession on completion.

VAT

The property is not elected for VAT.

Terms

Offers are invited in the region of £4,500,000.

Additional Information

Further information including planning documents are available within our dataroom using the access code ‘Hereford’.


Disclaimer - Kingsbury on its own behalf and on behalf of the Owner / Landlord of this property whose agent Kingsbury is, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.


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  • Cleared site extending to circa 0.2 acres
  • Resolution to grant planning permission for an 8-storey new build scheme of 26 apartments (12 x 1 bed, 7 x 2 bed and 7 x 3 bed units) totalling 19,924 sq.ft.
  • No affordable housing requirement
  • Sought after residential location approximately 150 metres from New Cross Station (London Overground & National Rail services)
  • All apartments benefit from private amenity space and double or triple aspect views
  • Offers invited in the region of £4,500,000 for the vacant freehold interest

To discuss this opportunity further, please contact Joe Goldsmith or Ross Kemp on 020 7183 2529

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