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FREEHOLD INVESTMENT / DEVELOPMENT OPPORTUNITY MARTIN’S YARD, 198 DRAKEFELL ROAD, BROCKLEY SE4 2DS
FOR SALE
MARTIN'S YARD, 198 DRAKEFELL ROAD, BROCKLEY SE4 2DS
Freehold Investment / Development Opportunity
SEPTEMBER 2019
PROPERTY TYPE – SIZE – SQ FT (SIZE SQ M)
Property Address
Richard Pillow 07947 373 868 [email protected] Peter Coldbreath 01293 441 309 [email protected] David Marcelline 0203 763 7570 [email protected]
SOCIAL Follow us on twitter @SHWProperty
SHW prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor SHW will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, SHW may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. Note: Any maps or plans included in this document are obtained from Promap under our Ordnance Survey Business Use Copyright licence ES 100017692 or are Goad Digital Plans including mapping data licensed from Ordnance Survey Crown Copyright 2007 under licence number PU 100017316
EXECUTIVE SUMMARY
AN EXCITING OPPORTUNITY TO PURCHASE A SIGNIFCANT SIZED FREEHOLD IN BROCKLEY
▪ FREEHOLD SITE – 0.89 ACRES (0.36 HECTARES) ▪ LOCATED IN BROCKLEY TOWN CENTRE, WITHIN 0.3 MILES OF BROCKLEY RAILWAY STATION ▪ CURRENTLY IN USE AS A WAREHOUSE AND STORAGE YARD ▪ TENANTED AND PRODUCING £75,000 PA, EXPIRING 30/09/2024 ▪ OFFERS ARE INVITED ON AN UNCONDITIONAL AND SUBJECT-TO-PLANNING BASIS IN THE REGION OF £9,500,000
MARTIN'S YARD, 198 DRAKEFELL ROAD, BROCKLEY SE4 2DS
Freehold Investment / Development Opportunity
SEPTEMBER 2019
PROPERTY TYPE – SIZE – SQ FT (SIZE SQ M)
Property Address
Richard Pillow 07947 373 868 [email protected] Peter Coldbreath 01293 441 309 [email protected] David Marcelline 0203 763 7570 [email protected]
SOCIAL Follow us on twitter @SHWProperty
SHW prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor SHW will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, SHW may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. Note: Any maps or plans included in this document are obtained from Promap under our Ordnance Survey Business Use Copyright licence ES 100017692 or are Goad Digital Plans including mapping data licensed from Ordnance Survey Crown Copyright 2007 under licence number PU 100017316
LOCATION
The site is located to the south of Drakefell Road (B2142) in Brockley. The Local Authority is the London Borough of Lewisham. The location benefits from multiple local transport facilities including Brockley mainline railway station that provides direct services to London Bridge, London Victoria, Croydon and Gatwick. Bus services operate locally from the station. Local amenities and shopping facilities are within walking distance.
Site Plan
MARTIN’S YARD, BROCKLEY
MARTIN'S YARD, 198 DRAKEFELL ROAD, BROCKLEY SE4 2DS
Freehold Investment / Development Opportunity
SEPTEMBER 2019
PROPERTY TYPE – SIZE – SQ FT (SIZE SQ M)
Property Address
Richard Pillow 07947 373 868 [email protected] Peter Coldbreath 01293 441 309 [email protected] David Marcelline 0203 763 7570 [email protected]
SOCIAL Follow us on twitter @SHWProperty
SHW prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor SHW will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, SHW may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. Note: Any maps or plans included in this document are obtained from Promap under our Ordnance Survey Business Use Copyright licence ES 100017692 or are Goad Digital Plans including mapping data licensed from Ordnance Survey Crown Copyright 2007 under licence number PU 100017316
DESCRIPTION
The site comprises a generally hardcovered and regular shaped flat yard which sits behind the Victoria era houses on Drakefell Road. There are two warehouses and a trade counter. To the east of the site is Dragonfly Place and Brockley Cross Business Centre. Access into the yard is from Drakefell Road. The site extends to 0.89 acres (0.36 hectares).
PLANNING
The site has been in use for many years as a storage yard and builders merchant trade counter with its associated warehouse buildings. In 1994 the subject site secured an outline planning consent for the erection of 10 two-bedroom and 10 three-bedroom storey houses which has now lapsed (Reference - DC/94/037227). The property is situated within the Telegraph Hill Conversation Area.
TENANT LEASE PROFILE
▪ The property is occupied by Skyline Roofing Centres Limited under a 20-year full repairing and insuring lease that commenced 01/10/2004; expiring 30/09/2024.
▪ The tenant is protected under the security provisions of the Landlord and
Tenant Act 1954. ▪ Current rent of £75,000 per annum gross (considered highly reversionary). ▪ Rent Review date of October 2019 has been served.
▪ Skyline Roofing Centres Limited has an Experian rating of 100% with 2018 turnover of £20,747,167.
MARTIN'S YARD, 198 DRAKEFELL ROAD, BROCKLEY SE4 2DS
Freehold Investment / Development Opportunity
SEPTEMBER 2019
PROPERTY TYPE – SIZE – SQ FT (SIZE SQ M)
Property Address
Richard Pillow 07947 373 868 [email protected] Peter Coldbreath 01293 441 309 [email protected] David Marcelline 0203 763 7570 [email protected]
SOCIAL Follow us on twitter @SHWProperty
SHW prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor SHW will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, SHW may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. Note: Any maps or plans included in this document are obtained from Promap under our Ordnance Survey Business Use Copyright licence ES 100017692 or are Goad Digital Plans including mapping data licensed from Ordnance Survey Crown Copyright 2007 under licence number PU 100017316
EXISTING FLOOR PLAN
MARTIN'S YARD, 198 DRAKEFELL ROAD, BROCKLEY SE4 2DS
Freehold Investment / Development Opportunity
SEPTEMBER 2019
PROPERTY TYPE – SIZE – SQ FT (SIZE SQ M)
Property Address
Richard Pillow 07947 373 868 [email protected] Peter Coldbreath 01293 441 309 [email protected] David Marcelline 0203 763 7570 [email protected]
SOCIAL Follow us on twitter @SHWProperty
SHW prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor SHW will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, SHW may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. Note: Any maps or plans included in this document are obtained from Promap under our Ordnance Survey Business Use Copyright licence ES 100017692 or are Goad Digital Plans including mapping data licensed from Ordnance Survey Crown Copyright 2007 under licence number PU 100017316
DEVELOPMENT POTENTIAL (STPP)
The site may be suitable for comprehensive residential development, subject to the grant of planning permission. We welcome subject to planning proposals to provide a residential-led mixed use development with ground floor employment use. We understand that the occupying tenant, Skyline Roofing Centres Limited, is amenable to occupying new ground floor commercial space that may be provided through a new planning consent.
TENURE
The land is held under freehold title number LN13425.
BUSINESS RATES
The property described as a warehouse and premises has a rateable value of £60,000 effective 01 April 2017.
EXISTING ACCOMMODATION
UNIT/FLOOR SQ FT SQ M
BUILDING ONE 4,477 416
BUILDING TWO 1,840 171
BUILDING THREE 657 61
BUILDING FOUR 86 8
TOTAL 7,060 656
EPC
Available upon request.
MARTIN'S YARD, 198 DRAKEFELL ROAD, BROCKLEY SE4 2DS
Freehold Investment / Development Opportunity
SEPTEMBER 2019
PROPERTY TYPE – SIZE – SQ FT (SIZE SQ M)
Property Address
Richard Pillow 07947 373 868 [email protected] Peter Coldbreath 01293 441 309 [email protected] David Marcelline 0203 763 7570 [email protected]
SOCIAL Follow us on twitter @SHWProperty
SHW prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor SHW will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, SHW may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. Note: Any maps or plans included in this document are obtained from Promap under our Ordnance Survey Business Use Copyright licence ES 100017692 or are Goad Digital Plans including mapping data licensed from Ordnance Survey Crown Copyright 2007 under licence number PU 100017316
GUIDE PRICE
Offers are invited on both an unconditional and subject-to-planning basis for the freehold interest in the region of £9,500,000, subject to contract.
METHOD OF SALE
Offers should be made in writing to the sole selling agents SHW. Where proposals are submitted on a subject-to-planning basis they must include details of the development scheme proposed with expected timeframes for achieving planning consent. Bids are to be supported with proof of funding and proof of a satisfactory track record of purchasing development land on a subject-to-planning basis.
VAT
We are advised by the vendors that the property is not elected for VAT.
LEGAL COSTS
Each party is to be responsible for their own legal costs incurred.
FURTHER INFORMATION
To arrange a viewing or receive further information regarding the property please contact the sole selling agents. See http://property.shw.co.uk/198 Drakefell Road/Overview for further information.
Drakefell Road, SE4
Approximate Gross Internal Area 656 sq m / 7060 sq ft
Ground Floor
Floor Plan produced for Stiles Harold Williams Partnership by Mays Floorplans © . Tel 020 3397 4594Illustration for identification purposes only, not to scale
All measurements are maximum, and include wardrobes and window bays where applicable
1
2
3
4
Site Plan
5.87 x 4.60M19'3'' x 15'1''
5.85 x 3.57M19'2'' x 11'9''
3.95 x 3.47M13' x 11'5''
13.38 x 8.68M43'11'' x 28'6''
7.55 x 4.23M24'9'' x 13'11''
2.66 x 2.40M8'9'' x 7'10''
4.57 x 4.21M15' x 13'10''
2.10 x 2.08M6'11'' x 6'10''
26.23 x 15.85M86'1'' x 52'0''
Building Three 61 sq m / 657 sq ft
Building Four 8 sq m / 86 sq ft
Building One 416 sq m / 4477 sq ft Building Two 171 sq m / 1840 sq ft
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