RESIDENTIAL DEVELOPMENT OPPORTUNITY - Prince of Wales Public House, 277-279 Kingston Road, New Malden, KT3 3SN - Savills

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RESIDENTIAL DEVELOPMENT OPPORTUNITY - Prince of Wales Public House, 277-279 Kingston Road, New Malden, KT3 3SN - Savills
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).
RESIDENTIAL DEVELOPMENT OPPORTUNITY - Prince of Wales Public House, 277-279 Kingston Road, New Malden, KT3 3SN - Savills
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.
RESIDENTIAL DEVELOPMENT OPPORTUNITY - Prince of Wales Public House, 277-279 Kingston Road, New Malden, KT3 3SN - Savills
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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