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Investment / Development Opportunity55 New Lydenburg Street, Charlton Riverside, SE7 8NDFor Sale Freehold

g The land for sale extends to approximately 0.57 hectares (1.4 acres). The site is situated within the Charlton Riverside Masterplan SPD in an area anticipated to come forwards for residential led redevelopment.

g Approximately 0.6km from Charlton Station which provides direct services to London Bridge and Charing Cross. Woolwich Arsenal is two stops east and will provide connections to Crossrail from 2018.

g The site comprises the offices, works and yard connected to a paper and plastics recycling company.

g For sale freehold.

Red line boundary for indicative purposes only

Location / Descriptiong The site is situated on the west side of New

Lydenburg Street, within the Charlton Riverside Industrial Area. The surrounding properties and land are predominately in industrial and storage uses. The land for sale is rectangular in shape and extends to 0.57 hectares (1.4 acres). Along the eastern boundary of the site are a small two storey office building and a long rectangular steel framed warehouse. The rest of the site is given over principally to storage and sorting.

g Charlton Riverside is in south east London, situated between Greenwich Peninsula and Woolwich. Much of this stretch of the south bank of the Thames is dominated by industrial and retail parks, with residential uses occupying most of the riverfront east of the Thames Barrier Industrial Area to the east towards Woolwich.

g The site is well served by public transport with Charlton Station approximately 0.6 kilometres (0.4 miles) to the south west, providing direct services into London Bridge (15 minutes) and Charing Cross (26 minutes). Journey times to Canary Wharf are approximately 24 minutes, with connections to the DLR at Greenwich station. Woolwich Arsenal station, 2 stops east from Charlton, will provide Crossrail services, which are expected to run from 2018. Regular bus services run along Woolwich Road (A206), which is 0.3km (0.2 miles) south of the site. Woolwich Road (A206) continues east to connect to the M25 and the national motorway network at Junction 1a at Dartford.

g This part of London is witnessing significant regeneration and benefiting from investment in infrastructure projects including Crossrail. At Greenwich Peninsula approximately 10,000 new homes are expected to be delivered and there are a number of significant developments coming forward in Woolwich.

PlanningThe site is located within the Royal Borough of Greenwich (RBG). The buildings are not listed and the site is not within a Conservation Area. There is no relevant planning history related to the site.

The RBG Local Plan identifies Charlton Riverside as a Strategic Development Location and a Key Feature of the Borough’s spatial strategy is the:

“Creation of a new mixed use urban quarter at Charlton Riverside incorporating around 3,500–5,000 new homes by 2031, which will involve substantial release of under-used industrial land and intensification of employment on remaining land.”

The RBG Local Plan states that tall buildings may be appropriate in the area. Charlton Riverside is identified in the London Plan as an Opportunity Area for mixed use development with significant capacity for jobs and new homes.

The Charlton Riverside Masterplan SPD was adopted in April 2012 and outlines more detailed principles for how the area will be redeveloped. The site for sale is towards the centre of the area identified for residential led mixed use development.

VATThe property is not elected for VAT.

Method of SaleThe property will be sold by way of informal tender (unless sold prior). Unconditional offers for the freehold interest are sought. The vendor proposes to enter into a new lease upon the sale of the freehold on terms to be negotiated.

ViewingsThe site can be viewed from the boundary. For access on to the site please contact the sole selling agents to make an appointment.

Guide Price

The guide price is Offers in Excess of £2.25m for the freehold interest. Offers including overage clauses are encouraged

Additional Information

An information pack including a Planning Appraisal, a Soil Contamination Analysis, Title Documents and EPC is available from the sole selling agents. The Energy Performance Asset rating is E.

ContactSean Cooper Simon Welch +44 (0) 20 7409 9948 +44 (0) 20 7016 3764 swelch@savills.com scooper@savills.com

Important Notice

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 | December 2014

NOTE:- 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. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.