Significant Cambridge Brownfield Redevelopment Opportunity - For Sale by Informal Tender - Savills
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La
Significant Cambridge Brownfield
Redevelopment Opportunity
For Sale by Informal Tender
Indicative Site Plan
145-161 Cherry Hinton Road, Cambridge, CB1 7BY
Unconditional Offers invited by 12 noon on Friday 21st June 2019
Redevelopment Opportunity
145-161 Cherry Hinton Road, Cambridge, CB1 7BY
Contents
1. INTRODUCTION 2
2. LOCATION 3
3. DESCRIPTION 3
4. ACCESS 3
5. PLANNING 4
6. TECHNICAL 4
7. LEGAL 5
8. SUMMARY OF RESIDENTIAL LEASES 5
9. TENURE / VACANT POSSESSION 6
10. RIGHTS OF WAY 6
11. VIEWINGS / MEETINGS 6
12. BIDS 7
13. TIMING 7
14. VAT 8
15. IMPORTANT NOTICE 8
16. FURTHER INFORMATION 8
Appendices
APPENDIX 1: Information Pack Index
Page |1
Redevelopment Opportunity
145-161 Cherry Hinton Road, Cambridge, CB1 7BY
1. INTRODUCTION
On behalf of the Landowner, Savills (UK) Ltd (“Savills”) and Cheffins, are pleased to offer for sale the freehold
interest in the Swiss Laundry site, 145-161 Cherry Hinton Road (hereafter referred to as “the Property”). The
Property predominantly comprises an operational commercial laundry and dry cleaning business with a retail
unit fronting Cherry Hinton Road and a number of light industrial buildings, sheds and hard standing car
parking to the rear, and five adjacent residential dwellings, extending to approximately 0.74 hectares (1.84
acres) in total. The Swiss Laundry has relocated and opened a brand new 37,000 sqft purpose built laundry
facility at 70 Stirling Way, Papworth Everard, Cambridge. All trading is unaffected.
The method of disposal is by informal tender and the deadline for bids to be submitted is 12 noon on Friday
21st June 2019. Interviews may be held thereafter. Savills and Cheffins are inviting offers on a clean and
unconditional basis and to parties who can clearly demonstrate that they have undertaken full analysis of
the site and understood all of the obligations to be placed upon them.
.
The full Information Pack can be found at www.savills.com/swisslaundry. An index of the documentation
included is provided at Appendix 1.
Page |2Redevelopment Opportunity
145-161 Cherry Hinton Road, Cambridge, CB1 7BY
2. LOCATION
The Property is situated on the northern end of Cherry Hinton Road, in close proximity to Hills Road and 1.4
miles (2.23 km) south of Cambridge city centre. The Property is located 1.52 km (0.9 miles) north of
Addenbrookes Hospital and Cambridge Railway Station is located within walking distance from the Property,
approximately 1.3 km (0.8 miles) to the north. The station provides regular and fast services to London Kings
Cross, London Liverpool Street and Ely. The site also benefits from easy access to the highway network;
with access to the A14 to the north and the M11 to the south. The surrounding area is primarily residential.
3. DESCRIPTION
The Property comprises both a commercial and residential element, extending to approximately 0.74
hectares (1.84 acres) in total. The residential element is outlined in white on the indicative site plan.
Commercial
The Property comprises an operational commercial laundry and dry cleaning business with a retail unit
fronting Cherry Hinton Road and a number of light industrial buildings, sheds and hard standing car parking
to the rear, extending to 0.6 hectares (1.5 acres). The total area of commercial buildings equates to
approximately 25,800 sq ft.
Residential
The Vendor owns the adjacent residential dwellings, comprising numbers 145, 147, 157, 159, and 161 Cherry
Hinton Road, extending to an additional 0.14 hectares (0.34 acres).
The Property is bound by Cherry Hinton Road to the south, with existing residential built development
opposite.
EPCs
EPCs for each of the residential properties are included within the dataroom.
4. ACCESS
The main vehicular access into the development will be provided from Cherry Hinton Road, which borders
the southern boundary of the Property.
Page |3Redevelopment Opportunity
145-161 Cherry Hinton Road, Cambridge, CB1 7BY
5. PLANNING
The Property comes under the planning jurisdiction of Cambridge City Council (CCC). CCC adopted their
Local Plan on 18th October 2018, therefore, any redevelopment plans would need to accord with the relevant
policy.
The Property was promoted during the SHLAA process (SHLAA Site CC087) and has been identified as
being suitable for residential development. The site benefits from an allocation for residential development
in the adopted Cambridge City Council Local Plan under Site Reference R8. The Property was also allocated
in the previous Cambridge City Local Plan 2014: Proposed Submission document under Site Reference R8.
The site assessment within the adopted CCC Local Plan assumes that the Property has capacity for 43
dwellings per hectare which equates to a proposed capacity of 33 dwellings. Plans drawn up of the Property
have, however, shown considerably denser residential schemes with more units. Please therefore note that
this is an approximate number based on an initial assessment in SHLAA, the final number may be greater
or smaller depending on detailed assessment and detailed design.
The vendor has implemented a planning permission for the construction of 4 no. two bedroom flats (planning
ref: 06/0534/FUL) to the east of the site, under title number CB202830, which comprises part of the Property
in addition to the allocated area.
6. TECHNICAL
A comprehensive technical Information Pack has been put together and made available to all parties. We
advise that any purchasers make themselves fully aware of the wider reports.
Asbestos Survey
An Asbestos Survey was prepared by East Coast Insulations on 23rd November 2005. A copy of this is
available in the dataroom along with a copy of the Asbestos Management Register.
Phase I Ground Investigation Report
The Vendor has commissioned Peter Brett Associates to complete a Phase I Ground Investigation Survey
at the Property. This will be available for review part way through the marketing period.
Page |4Redevelopment Opportunity
145-161 Cherry Hinton Road, Cambridge, CB1 7BY
Phase II Ground Investigation Report
The Vendor has commissioned Peter Brett Associates to complete a Phase II Ground Investigation Survey
at the Property. This will be available for review part way through the marketing period and will include a
costed remediation strategy.
Topographical Survey
A Topographical Survey has been carried out by Cambridge Land Surveys on 10th August 2011 and is
available in the dataroom.
Utilities Report
The Vendor commissioned Landmark to complete a Utilities Report at the Property on 25th April 2019. This
report summarises the utility companies that will be affected by the Property and is available in the dataroom.
There is a sub-station to the rear of the Property, further comment on this is contained within the Summary
of Title.
7. LEGAL
A legal pack has been prepared by the vendors solicitors. A copy of the Summary of Title, MapSearch and
Land Registry documentation can be found in the data room.
8. SUMMARY OF RESIDENTIAL LEASES
The leases for the five adjacent residential dwellings are summarised below:
Property Occupation Tenancy Type Existing Rent £ pcm Term Length Term Dates
145 Cherry Hinton Road
Room 1, 145 Cherry 4th June 2018 – 3rd June
Fixed term let AST £595 12 months
Hinton Road 2019
Room 2, 145 Cherry 10th December 2018 –
Fixed term let AST £575 6 months
Hinton Road 9th June 2019
Flat 3, 145 Cherry Let on periodic 20th April 2019 -19th
AST £600 12 months
Hinton Road tenancy April 2020
Page |5Redevelopment Opportunity
145-161 Cherry Hinton Road, Cambridge, CB1 7BY
Property Occupation Tenancy Type Existing Rent £ pcm Term Length Term Dates
145 Cherry Hinton Road
Room 4, 145 Cherry
On the market - - - -
Hinton Road
147 Cherry Hinton Road
Ground Floor Flat,
9th June 2018 – 8th
147 Cherry Hinton Fixed term let AST £875 12 months
June 2019
Road
First Floor Flat, 147 1st April 2019 – 31st
Fixed term let AST £1,545 12 months
Cherry Hinton Road March 2020
157 Cherry Hinton Road
157 Cherry Hinton
Fixed term let Lifetime £1 90 years 6th June 2008
Road
159 Cherry Hinton Road
159 Cherry Hinton Let on periodic 15th December 2004 –
AST £725 6 months
Road tenancy Open terms
161 Cherry Hinton Road
161 Cherry Hinton 1st September 2018 –
Fixed term let AST £1,600 12 months
Road 31st August 2019
9. TENURE / VACANT POSSESSION
The commercial element of the Property will be sold freehold with vacant possession. We anticipate vacant
possession to be negotiable from September 2019.
10. RIGHTS OF WAY
The Property will be sold subject to and with the benefit of all rights, covenants and agreements and
declarations affecting the Property.
11. VIEWINGS / MEETINGS
Viewing days will be arranged for interested parties to inspect the Property. We strongly recommend parties
view the Property and ask that you arrange this directly with Savills or through the joint agents, Cheffins.
Page |6Redevelopment Opportunity
145-161 Cherry Hinton Road, Cambridge, CB1 7BY
We stress that care should be taken on site and neither the agents nor the vendor accept any responsibility
for injury or accident at the Property. Interested parties must comply with the on-site health and safety policy.
12. BIDS
Savills and Cheffins are instructed to place the Property on the market with a view to selling the Property at
the best consideration on an unconditional basis.
Offers are invited and are due by 12 noon on Friday 21st June 2019 and sent in a sealed envelope to
Savills, Unex House, 132-134 Hills Road, Cambridge, CB2 8PA. The envelope should be marked ‘‘The Swiss
Laundry, 145-161 Cherry Hinton Road - RJ”.
E-mail offers will be acceptable, addressed to rjanes@savills.com and edward.dodson@cheffins.co.uk
The Landowner will not be bound to accept the highest or indeed any offer and may withdraw the property
from the market at any time.
Bid Submission
The following is to be submitted as part of any bid:
Purchase Price;
Proof of funding;
Confirmation that the Bid is unconditional;
Details of indicative scheme;
Confirmation that all relevant planning, S106, CIL, infrastructure and servicing obligations have been
taken into account;
Confirmation that parties have read the Report on Title;
Confirmation that the purchaser will rely upon the ground investigation costings undertaken by PBA;
Outline of board approval process, i.e. regional and national (and timescales for achieving such
approvals). Please also provide confirmation that the board is aware of the bid;
Details of solicitors to be instructed (internal solicitors will not be considered acceptable);
Confirmation that a 10% non-refundable deposit will be paid on exchange of contracts;
Details of the anticipated purchase timetable.
13. TIMING
As part of the Heads of Terms process, we will set out a detailed timescale for exchange and completion.
This will include a series of legal meetings to ensure the timetable is achieved.
Page |7Redevelopment Opportunity
145-161 Cherry Hinton Road, Cambridge, CB1 7BY
14. VAT
Please note that VAT will not be charged on the sale of the Property.
15. IMPORTANT NOTICE
The agents and the vendors give notice that (i) these particulars are produced in good faith and 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 intended purchaser should not rely on them as statements or representations of fact but must satisfy
themselves as to the correctness of each of them; and (ii) no person in the employment of the agents, or the
vendors has authority to make or give any representation or warranty whatever in relation to this property,
(iii) intending purchaser seeking to rely on any survey, report assessment or statement produced for the
vendors by any third party must make their own arrangements with the relevant third party.
Please be aware that all plans are subject to the purchaser’s surveys and due diligence.
16. FURTHER INFORMATION
The full Information Pack relating to the entire Property can be found within the online Data Room, accessed
at www.savills.com/swisslaundry and an index is provided at Appendix 1.
Please ensure that in the first instance all enquiries are made to one of the individuals dealing with the sale:
Savills Cambridge Richard Janes
rjanes@savills.com
Unex House (0) 1223 347097
132-134 Hills Road
CB2 8PA Lucy Muir
01223 347 000 lucy.muir@savills.com
(0) 1223 347058
Cheffins Cambridge Edward Dodson
edward.dodson@cheffins.co.uk
1-2 Clifton Rd, (0) 1223 271943
Cambridge
CB1 7EA John Grossart
01223 214 214 john.grossart@cheffins.co.uk
(0) 1223 271955
Maxwell Fahie
maxwell.fahie@cheffins.co.uk
(0) 1223 271975
Page |8Redevelopment Opportunity
145-161 Cherry Hinton Road, Cambridge, CB1 7BY
APPENDIX 1 – INFORMATION PACK INDEX
TECHNICAL
Asbestos Register
Survey of Asbestos Materials
Landmark Utilities Report
Topographical Survey (Sheet 1)
Topographical Survey (Sheet 2)
Topographical DWG file
LEGAL
Register of title and title plan – CB17371
Register of title and title plan – CB46896
Register of title and title plan – CB39782
Transfer dared 7 July 1981
Register of title and title plan – CB33093
Register of title and title plan - CB347335
Conveyance dated 18 July 1925
Conveyance dated 23 March 1926
Conveyance dated 12 January 1952
Lease dated 6 January 1971
Register of title and title plan – CB209389 (2 documents)
Register of title and title plan - CB209388
Plan to conveyance dated 30 September 1889
Transfer dated 15 December 1997
Conveyance dated 3 November 1980
Register of title and title plan – CB335388
Register of title and title plan – CB236124
Plans to conveyance dated 13 September 1889
Lease dated 6 June 2008
Register of title and title plan – CB183060
Register of title and title plan – CB335372
Register of title and title plan – CB202830
Transfer dated 3 October 2017
Mapsearch
Summary of Title
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