FOR SALE

Serpentine Road, Poole BH15 2DX

Offers in the region of £6,000,000

Description

The property comprises a clear, level and broadly rectangular development site extending to approximately 0.65 acres.

The site was previously occupied by office buildings which have since been demolished in readiness for development.

Access to the site is taken directly from Serpentine Road.

The property is currently fully vacant.

Location

The site occupies a prominent position on Serpentine Road within the town centre of Poole. The Local Authority is the Borough of Poole.

Poole is a large coastal town within the County of Dorset with a population of approximately 150,000. The town is located a short distance to the west of Bournemouth and circa 100 miles to the south-west of London.

The immediate surroundings comprise a mix of commercial and residential uses, with numerous shops, restaurants and amenities available nearby within the town centre. The Dolphin Shopping Centre (the town’s main shopping complex) is situated just 400 metres from the property.

Poole Station is located just 100 metres from the site, providing National Rail services with journey times of circa 10 minutes to Bournemouth, 45 minutes to Southampton and 2 hours to London Waterloo.

Planning & Development Potential

Planning permission was granted on 17th August 2017, under reference APP/15/01699/F, for the erection of a part 12-storey, part 14-storey building to provide 203 residential units and 4 commercial units, alongside car and cycle parking, a resident’s fitness suite and amenity space.

The proposed scheme comprises 58 x studio, 92 x 1 bedroom, 49 x 2 bedroom and 4 x 3 bedroom apartments totalling 113,173 sq.ft. NSA across the 3rd – 13th floors. The commercial space is located at ground floor and made up of 4 self-contained units totalling 9,483 sq.ft. GIA; 3 with A3 (Restaurant) Use Class and one with A1 (Retail) Use Class.

90 parking spaces are proposed within an integral car park across the 1st and 2nd floors, with access taken via ramp from the north elevation.

All residential units are for private sale with no requirement for affordable housing. The planning consent is subject to a Section 106 Agreement which obligates for highway works, provision of a
car club and financial contributions totalling £56,000. A CIL liability of approximately £2,115,000 is applicable.

Tenure

The property will be sold freehold, subject to vacant possession.

VAT

The property is elected for VAT.

Terms

Offers are invited in excess of £6,000,000.

Additional Information

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


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 and level development site extending to circa 0.65 acres
  • Planning permission for the construction of a part 12, part 14-storey building to provide 203 residential units totalling 113,173 sq.ft. NSA and commercial space totalling 9,483 sq.ft. GIA
  • All residential units for private sale with no affordable housing provision required
  • Prime town centre location with Poole Station situated just 100 metres from the site
  • Offers invited in the region of £6,000,000 for the freehold interest

To discuss this opportunity further, please contact Keir Goldstein or Jordan Oldfield on 020 7183 2529

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