Blagdon Road

New Malden, Surrey

Offers in excess of £9,500,000

Reference:
335
Type:
Residential
Tenure:
Leasehold
Status:
Sold
Size:
0.7 acres

Map

Please note: Locations and addresses are approximate and may not be as accurate as expected.

Details

The existing property comprises a mixed-use building consisting of a retail store let to Lidl and gymnasium let to Fitness First at ground floor, with vacant offices at 1st and 2nd floor and a multi-storey car park, providing 549 spaces, within the upper floors.

The building occupies an island site extending to approximately 0.7 acres which fronts Blagdon Road to the north and Cocks Crescent to the south, east and west.

The site is bounded to the west by Malden House, a 10-storey office building which is currently be developed into flats, a vacant plot of land to the south, a leisure complex to the east and residential properties to the north. 

Planning

Application reference: 16/15346

Planning status: Outline Planning Permission

Planning authority: Kingston Council

Application details:

The property benefits from a resolution to grant planning permission for “partial demolition of existing building to form a 10-storey building with retained retail (Class A1) and gymnasium (Class D2) and car parking. Erection of 91 residential dwellings (Class C3) with associated vehicular access, private and communal amenity space, public realm improvements, cycle parking and refuse storage. Provision of temporary car park (150 spaces) on adjoining land during construction works.”

The proposed development involves demolition of the offices at 1st and 2nd floors and the multi-storey car park and the construction of extensions of up to 9-storeys to create a new car park at 1st, 2nd and 3rd floors and 91 self-contained apartments across the 1st – 9th floors. The existing Lidl and Fitness First at ground floor will be retained by the Seller.

The scheme will create 5 x studio, 19 x 1 bedroom, 49 x 2 bedroom and 18 x 3 bedroom apartments totalling 64,352ft2 NIA. A total of 258 parking spaces are proposed; 62 to service the development, 80 to service New Malden House (the neighbouring building) and 116 for public use.

The planning consent is subject to a Section 106 Agreement with obligations for 28 apartments to be designated for affordable housing (14 affordable rent and 14 x shared ownership units), as well as a financial contribution of £134,946. A CIL liability of approximately £276,804 is applicable.