Savills Property Auctions | 4-6 Achilles St, New Cross, SE14 6BA

24 January 2024: Wednesday 24 January 2024 - 9:00am

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Key features

Development potential to build a 6 storey building comprising 10 flats and a commercial unit (subject to the requisite consents)
Located in the centre of New Cross opposite Fordham Park and close to Goldsmiths University
Development potential to build a student led development scheme (subject to the requisite consents)
New cross & New Cross Gate station an approx. 0.3 miles from the property
6 week completion available

Description

A freehold piece of land with development potential to build a 6 storey residential block comprising of a commercial unit on the ground floor and 10 x two bedroom flats on the upper floors (Subject to the requisite consents)

The land may also lend itself to student led scheme and is surrounded by similar high rise student and residential schemes.

New Cross District Centre is an area where growth and regeneration is directed, particularly given its location adjacent to Goldsmiths University.

The site is also located in the Lewisham, Catford and New Cross Opportunity Area as identified by the Mayor. The London Plan identifies an indicative capacity of 13,500 new homes and 4,000 new jobs in the area.

Additional information

Tenure

Freehold

Accommodation

The below proposed schedule has been provided by a third party and are for illustrative purposes only and can not be relied upon any incoming purchasers must do their own due diligence.

Proposed Accommodation Schedule

Ground/Lower Ground Floor

Commercial space - Circa 99 sqm (1,065 sq ft)
Plant room, Bin store, Circulation - 43.5 sqm (468 sq ft)

Upper Ground floor

Flat 1 - 2 Bedroom - Circa 61 sqm (656 sq ft)
Flat 2 - 2 Bedroom - Circa 61 sqm (656 sq ft)

1st Floor to 4th Floor

Flat 3 - 2 Bedroom - Circa 61 sqm (656 sq ft)
Flat 4 - 2 Bedroom - Circa 61 sqm (656 sq ft)
Flat 5 - 2 Bedroom - Circa 61 sqm (656 sq ft)
Flat 6 - 2 Bedroom - Circa 61 sqm (656 sq ft)
Flat 7 - 2 Bedroom - Circa 61 sqm (656 sq ft)
Flat 8 - 2 Bedroom - Circa 61 sqm (656 sq ft)
Flat 9 - 2 Bedroom - Circa 61 sqm (656 sq ft)
Flat 10 - 2 Bedroom - Circa 61 sqm (656 sq ft)

Tenancy

A licence has been granted for use as a construction compound (including contractor’s office and site compound and parking) in conjunction with the carrying out of the Phase One Works* on the Development Site.

The Licence will expire on the on the earlier of:-

Completion of the Phase One Works;
31st December 2024;

*Phase One Works are defined as; The demolition of existing buildings and the construction upon the Development Site of a mixed use student accommodation and commercial unit scheme.

Please refer to the legal pack.

Notes

Please note the site areas provided are approximate. The photos and drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

Please note that a number of images are CGI's and may not reflect what planning permission can be achieved onsite - all purchasers need to do there own due diligence on the site on what can be developed at the property

CGI drawings are available for review, however, please note that these have not been submitted for planning. Please make your own enquiries.

VAT will be applicable on the sale of this property please refer to the legal pack.

A licence has been granted on the land for the use of the construction site to the south - please refer to the legal pack.

Contact

The site is located within the administrative boundary of the London Borough of Lewisham. The site comprises an infill plot that is 249 sqm in size and is bounded by New Cross Road to the south and Achilles Street to the north.

The property is located on the southern side of Achilles Street and can be found between the junctions of Clifton Rise and Pagnell Street.

New Cross Station is located an approx. 0.3 miles from the property.

Transport

New Cross Station & New Cross Gate Station - Overground and National Rail services

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If no EPC rating appears please refer to the legal pack.

•Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

•The reserve price is the minimum price at which the property can be sold.

•Both the guide price and reserve price may be subject to change up to and including the day of the auction.

•For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

Please note that all prices listed, whether prior to or post auction, are subject to contract.

The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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