136 Honeypot Lane, Kingsbury, London NW9 9QAResidential Development Opportunity

CGI of proposed scheme

• A development opportunity located in Kingsbury, northwest London (Zone 4).

• The site benets from resolution to grant planning permission to provide 50 residential units extending to 3,558 sq m (38,300 sq ft) NSA, with a further 39 car parking spaces.

• 10 affordable housing units, all of shared ownership tenure.

• Good proximity to Central London, with excellent transport links (Jubilee Line).

• Site area of 0.254 hectares (0.63 acres).

• Freehold with vacant possession.

EXECUTIVE SUMMARY

136 Honeypot Lane, Kingsbury, NW9 9QA

CGI of proposed scheme

CGI of proposed scheme CGI of proposed scheme Existing property

LOCATION Kingsbury is a northwest London Suburb located in the London Borough of Brent. The subject site is located on the corner of Honeypot Lane and Rose Bates Drive. The immediate surrounding area is predominantly in residential use with substantial green areas and mature trees.

The site is located approximately 500m (0.3 miles) from Queensbury Underground station (Jubilee Line - with a journey time of 20 minutes to Bond Street - source TFL). Road communications are excellent with links to the M1 via the nearby A5 offering connection to the North Circular Road (A406) at Junction 1.

SITUATIONThe site comprises a former two-storey residential care home of approximately 1,417 sq m (15,252 sq ft) GIA in size. Honeypot Lane is directly adjacent to Alpine Place which is a ve-storey new build apartment scheme developed by Network Living in 2015.

Nearby amenities include a Morrison's supermarket and pharmacy, B&Q, Aldi and Kingsbury High Schools. There are a number of public open spaces nearby including Queensbury Park, Roe Green Park and Eton Grove.

PLANNINGPlanning Permission 17/1829 | Demolition of the existing care home building and redevelopment of the site comprising the erection of a ve-storey building providing 50 self-contained ats (4 studios, 11 x 1-bed, 23 x 2-bed and 12 x 3-bed) with associated basement level car and cycle parking space, bin stores, amenity space and landscaping | The Willows, 136 Honeypot Lane, London, NW9 9QA.

The architects for the scheme were HWO.

136 Honeypot Lane, Kingsbury, NW9 9QA

HARROW

LONDON ROAD

WA

TF

OR

D R

OA

D

OAR DHG I H

WATFORDWAY

A40

M1

LA

NEA404 A409

A4008

A404

A31

2

A4005

A5

A5

A5

GREAT N WA

Y

A4088

A4006A4006

HO

NE

YP

OT

Existing property

Plan is indicative only. Not to scale.

NN

PROPERTY

136 Honeypot Lane, Kingsbury, NW9 9QA

ETON GROVE

ROE GREEN PARK

FRYENT COUNTRY PARK

136 HONEYPOT LANE

KINGSBURY

QUEENSBURYc.200m from this point Red line boundary indicative only.

136 Honeypot Lane, Kingsbury, NW9 9QA

Studio 1 Bed 2 Bed 3 Bed Total

Private 4 9 20 7 40Intermediate - 2 3 5 10

Total 4 11 23 12 50

Unit Mix

Total Average sq m sq ft sq m sq ft

Private 2,762 29,724 69 743Intermediate 797 8,576 80 858

Total 3,558 38,300* 71 766

Residential NSA

Floor sq m sq ft

Basement 1,204 12,960Ground 906 9,752First 911 9,806Second 911 9,806Third 885 9,526Fourth 790 8,503

Total 5,607 60,353*

Summary GIA

Above - Proposed Ground Floor. This plan is for information only. Not to scale.

Above - Proposed First Floor. This plan is for information only. Not to scale.

SECTION 106 AGREEMENTThe planning permission is subject to a Section 106 Agreement which is to be nalised. It will require the provision of 10 affordable housing units, all of which are shared ownership tenure, and the current draft contains nancial obligations totalling £100,570.

CILMayoral CIL will be charged at £35 per sq m GIA (plus indexation) and London Borough of Brent CIL will be charged at £200 per sq m GIA (plus indexation) for residential uses. Relief may be claimed for the oorspace of the existing building to be demolished and the affordable housing.

SITEThe site totals approximately 0.254 hectares (0.63 acres).

TENUREThe property is being sold freehold with vacant possession.

There is an electricity substation on the site, leased for a term of 50 years from 1982, which is to be relocated in the proposed scheme.

VATThis property is elected for VAT.

* Removing basement car park, the gross net area is c.20%

PROPOSED SCHEME

MISREPRESENTATION ACTThese particulars are believed to be correct and, where practicable, reasonable steps have been taken to ensure their accuracy, however this cannot be guaranteed. They do not form part of any offer or other contract. The owner of this property does not make or give, representations or warranties in relation to this property. Aston Rose (West End) Limited, Savills and its employees do not accept any responsibility for information supplied to them by the owner or any third party. Any intending purchaser or lessee must satisfy itself by inspection or otherwise as to the correctness of the particulars. All measurements are approximate. The plans in these particulars are published for convenience of identification only, and although believed to be correct, their accuracy is not guaranteed and do not form part of any contract.

OCTOBER 2017

Darren Arnold MRICS020 7409 9926darnold@savills.com

Sean Cooper MRICS020 7409 9948scooper@savills.com

136 Honeypot Lane, Kingsbury, London NW9 9QAResidential Development Opportunity

METHOD OF SALEThe property is for sale freehold with vacant possession, subject to the termination of the existing guardian agreement. Bids will be invited by way of informal tender {unless sold prior}.

FURTHER INFORMATIONFurther information relating to the property and consented scheme is available at:

www.136honeypotlane.com

CONTACT

Matt Hunter MRICS020 7079 1954matthunter@astonrose.co.uk

Kevin Neun020 3026 4092kevinneun@astonrose.co.uk

CGI of proposed scheme

OS Plan reproduced with permission. ©Crown Copyright 2017. All rights reserved. Licence Number 100047514