Grand Drive, Raynes Park, London SW20

SUMMARY

• Opportunity to acquire a freehold part-built residential development site in Raynes Park, Southwest London, with planning permission for 8 self-contained apartments with the basement and ground floor substructure works already completed.

LOCATION

• The property is located on Grand Drive, Raynes Park, SW20, and is approximately a 5-minute walk from Raynes Park Station, which provides direct National Rail services to London Waterloo in approximately 30 minutes.

• Raynes Park is an affluent Southwest London suburb situated in close proximity to Wimbledon (1.6 miles), New Malden (1.6 miles), Richmond Park (2.9 miles) and Putney (4.0 miles). The A3 is situated to the west of the site, providing easy road access to Central London, Heathrow and the M25.

EXISTING

• The site is broadly rectangular in shape, extending to approximately 0.39 acres, and is located on the western side of Grand Drive within an established residential area of Raynes Park. The former dwelling previously occupying the site has been demolished and the plot cleared.

• The basement and ground floor slab works have been completed and a final certificate from Salus Building Control has been obtained in respect of these works. No further development has taken place since late 2023 and the superstructure remains to be built.

PLANNING

• Full planning permission was granted by the London Borough of Merton in August 2020 under reference 19/P2613 for the demolition of the existing dwelling and the erection of a new four-storey apartment block (lower ground, ground, first and second floors) comprising 8 self-contained flats.

• The consented scheme will provide apartments (3 x 1 Bed, 2 x 2 Bed Duplex, 3 x 3 Bed Duplex) extending to approximately 6,411 SqFt (NIA).

• All pre-commencement conditions have been discharged (references: 20/P3084, 20/P3085, 20/P2707) and the CIL liability of £145,000 has been paid in full. There is no Section 106 obligation applicable to this site.

TERMS

• The property is available freehold.

• Offers in excess of £1,300,000