CAMDEN LOCKQUARTER

A SIGNIFICANT CENTRAL LONDON

DEVELOPMENT PROMOTION

OPPORTUNITY

Morrisons, Chalk Farm Road, Camden, NW1 8AA

OVERVIEW

CAMDEN LOCK IS SITUATED WITHIN THE CENTRAL

LONDON BOROUGH OF CAMDEN, LOCATED

APPROXIMATELY TWO MILES TO THE NORTH OF

LONDON’S WEST END

• A unique Central London Planning Promotion opportunity

• Substantial Freehold and Long Leasehold site extending to

circa. 3.2 Hectares (circa. 8 Acres)

• Located within the heart of Camden Town

• A potential wholesale redevelopment site with opportunity to

maximise site bulk and massing

• Suitable for a range of mixed uses, including Residential

and Retail, subject to gaining the necessary consents

• An opportunity to work alongside one of Britain’s most

established supermarket brands, Wm Morrison

Supermarkets, to promote the site and unlock

significant value.

Overview

Camden Town is a vibrant part of London and is globally renowned for its markets, independent fashion, music and entertainment venues. It is home to a range of businesses, small and large, notably in the media, cultural and creative sectors attracted by its unique atmosphere.

Camden is considered to be one of the major creative media and advertising hubs within London. It has a strong business reputation and is a magnet to software consultancies, advertising firms and publishing houses. It is also considered a key linchpin in the Soho – Clerkenwell media triangle.

Approximately 30,000 full time students live in the Borough of Camden, attracted by the large number of colleges and universities within close proximity. A high proportion of Camden’s students are from overseas and are drawn to the area because of its Central London location and the calibre of higher education insitutions within the vicinity.

Unlike shopping areas such as Oxford Street and Regent Street which are characterised by huge international retailers with prominent flagship stores, Camden provides an alternative and unique experience for the shopper focusing on an independent bespoke retailing culture.

LOCATION

MILLIONS OF VISITORS ARE DRAWN TO CAMDEN EACH YEAR FOR ITS THRIVING MARKETS AND FAMOUSENTERTAINMENT VENUES.

Location

LOCATION MAP

CAMDEN R

OAD

KEN

TISH

TO

WN

RO

AD CAM

DEN RD

ROYAL COLLEGE ST

ROYAL COLLEGE STREET

YOR

K W

AY

CALEDONIA

N RD

CAMDEN

STREET

PARK

WAY

CHALK FARM ROAD

prince albert rd

CAMDEN

HIGH

STREET

YOR

K W

AY

EUSTON ROAD

PENTONVILLE ROAD

EVERSHOLT STREET

HA

MP

STEAD

RO

AD

ST.PANCRAS INTERNATIONAL

KENTISH TOWN WEST

CHALK FARM

CAMDEN TOWN

EUSTON

KING’S CROSS

MORNINGTON CRESCENT

CAMDEN ROAD

CAMDEN LOCK

REGENTS PARK

PRIMROSE HILL

THE ROUNDHOUSE

KOKO

JAZZ CAFE

CAMDEN LOCKQUARTER

Morrisons, Chalk Farm Road, Camden, NW1 8AA

Map is for indicative purposes only and not to scale

LOCATION

A CIRCA. 8 ACRE CENTRAL LONDON DEVELOPMENT SITE

Primrose HillRegent’s Park

Camden Lock

Camden Town

Map is for indicative purposes only and not to scale

CAMDEN LOCKQUARTER

DESCRIPTIONThe site extends to approximately 3.2 Hectares (circa. 8 Acres) and is bounded to the East and West by railway lines. The South of the site is bounded by Oval Road and Gilbeys Yard. Camden Lock also runs to the South of the site.

Camden Market is located to the East and runs under the railway track underneath the South Eastern corner of the site. There is a pedestrian access route to Camden Market from the car park via a staricase.

The site is split into three sections:1. The main Morrisons site, accessed from Chalk Farm Road via Juniper Crescent2 The Morrisons Petrol Filling Station site which is located on an island site, accessed from Chalk Farm Road (separate to the main site)3. The leasehold element which forms the South Eastern tip of the main Morrisons site and only covers the car park surface

The existing Morrisons supermarket extends to approximately 77,500 sq ft. (GIA) and 42,000 sq ft. (NIA) with large areas of hard standing customer car parking to the East. The retail unit is serviced via a small access road that runs along the very Western edge of the site, alongside the railway line. There is a bus stop to the Northern edge of the site and there are various access points and rights of way across the site – please access the data room in order to review the title information pack for further details.

CAMDEN LOCK

OVERFLOWS WITH A

VARIETY OF COLOURFUL

MARKETS, SHOPS,

RESTAURANTS, BARS, PUBS, CLUBS, AND

THEATRES. THE TOWN ATTRACTS

CROWDS OF LONDONERS

AND TOURISTS A LIKE.

32.5m

34.1m

32.5m

Subway

Subway

Towing Path

RSIDE

PLAC

E

50

65

155

PH

73

67

CastleThe Pirate

77

42

1 to 5

The Lockhouse

31.8m

77

85

18

24to

28

38

38

35

El Sub Sta33

28.0m

28.2m

DW

LB

FB

TCB

T

Posts

Posts

STR

EET

GILBEYS YARD

FER

DIN

AN

DP

LAC

E

CHALK FARM ROAD

MP.50

rea

PlayArea

Play Area

59

2

4

1

Works

5

43 to

5042

25 to

2

93to

100

85to

92

69to

78

PH

8

49

10

50

StaSub

54 to 64

28

29

34

1

1 109

19

b Sta

17

El

ElSub Sta

l

24

21to20

14

13

1to

8

54

Works

Wor

ks

86

Sta

44

60

Pp

59 to

58

51to

48

6

PH

Warehouse

Warehouse

58 57

46 45

67 to 70

72

43

Wor

ks

63

100

47

62to

56

44

10to

16

74 to 77

73

1to

9

3

42 41

65 to 66

97

CR

28.6m

Southampton

Bols

Bridge

Bols

Posts

HAR

MO

CH

39 3836

37

11a

11

24

35

14

1

11

28

PH

The Stables Market

30

66

67 to74

75 to 82

13

4

Shelter

1to

70

34

0m 25m 50m 75m

This plan is published for convenience of identification.Any site boundaries shown are indicative only and

should be checked against Title Deeds.

ES753998

Ordnance Survey © Crown Copyright 2015. All rights reserved. Licence number 100022432. Plotted Scale - 1:1317

Plan not to scale and for indicative purposes only. Please note that the plan outlines the historic Morrisons store, pre-exstension

2. Circa. 1 Acre

1. Circa. 6.68 Acres

3. Circa. 0.32 Acres

PLANNING SYNOPSIS

Plan not to scale and for indicative purposes only. Please note that the plan outlines the historic Morrisons store, pre-exstension

Nathaniel Lichfield & Partners (NLP) has undertaken a planning appraisal of the main supermarket site and the petrol filling station. The petrol filling station site (Use Class Sui Generis) is located within Regents Canal Conservation Area and is adjacent to Camden Market which includes a number of Listed Buildings. The main supermarket site has been the established use on the site for approximately 20 years. The planning appraisal highlights that the sites benefit from a high accessibility level (PTAL 6a) and are within the boundary of Camden Town, which is identified as a Major Centre. This therefore means the sites are considered as suitable locations for high density, residential-led mixed use development. The London Plan (FALP) density matrix outlines that the current supermarket site could potentially deliver between 392 – 1,134 units and the petrol filling station site could potentially deliver circa. 57 units – 166 units. NLP outline that the general height of the development could be expected to be around 4-7 stories across the supermarket site, with scope for some taller elements, where this would not affect the protected view, heritage assets and local amenity. LB Camden consider the concept of ‘context’ to be central to any tall building prospects and therefore regard should be given to the existing context and any development proposals should ensure they complement the scale and massing of the surrounding buildings. Please access the data room to review the full Nathaniel Lichfield & Partners Planning Appraisal.

LEGALCamden Lock Quarter consists of two freehold titles:

The main CLQ site is held under Freehold title number NGL703708 and the petrol filling station site is held under Freehold title number NGL755432. Parts of the Freehold title are subject to a lease of underground tunnels. The lease is held under NGL861194

The main CLQ site also benefits from a long leasehold interest in the South East corner of the site (part of the current Morrisons surface car park), which lies above Camden Market. The lease length is 999 years (from 17 February 2006) over this section, and only covers the car park surface with the freehold being owned by Triangle Extension’s Limited. The lease is held under title number NGL861438.

The data room contains a comprehensive title review including details of electricity sub-stations, access rights / agreements, restrictions and services.

NGL703708 (FREEHOLD)

(LEASEHOLD)

(FREEHOLD)

NGL861438

NGL755432

CAMDEN PROVIDESAN ALTERNATIVE AND

UNIQUE SHOPPING EXPERIENCE.

FOCUSING ON A BESPOKE

RETAIL CULTURE

PLANNING PROMOTEThe Brief:

Wm Morrisons would like to work with a Planning Promote specialist in order to provide an appropriate planning strategy for their significant land holding in Camden. The Promoter will obtain a satisfactory planning permission for the site in order to maximise the site value and re-provide a new Wm Morrisons supermarket.

The new supermarket should extend to circa. 35,000 sq ft. NIA (circa. 60,000 sq ft GIA) of retail space and service facilities as well as approximately 300 customer car parking spaces. The Morrisons preference from the outset is for the frontage of the store to be as visible as possible with continuity of trade being key. A petrol filling station should be included within any new scheme.

Promoter submissions should include:

• Vision for the site

• Schematic design concept

• High level view on potential accommodation and uses

• Planning strategy comments and programme

• Team profile and experience

• Experience of working within LB Camden

• Comments on the draft Promotion Agreement

Financial proposal including:

• Planning permission budget cost estimate

• Promotion reward structure

• Potential site price today

• Potential site price with the benefit of planning permission

PlanningPromote

CAMDEN DEMOGRAPHICS

Camden Town has a total resident population of around 51,600 people, of which 35,600 are working age. In comparison to the London average, the area has a lower working age demographic with a high proportion of 25-44 year olds.

Nearly half of the residents of Camden Town work within managerial or professional occupations, substantially higher than the London average of 34%. When combined with associate professional and technical occupations this figure rises to 70% of the resident population, compared with 50% for London. Individuals employed within these types of occupations typically have higher than average earnings and higher disposable incomes. This has a knock on effect for the type of property that they can both afford and desire; both for rent or for purchase.

Managers, directors and senior officials

Associate professional and technical occupations

Skilled trades occuaptions

Sales and customer service occupations

Elementary occupations

Professional occupations

Administrative an secretarial occupations

Caring, leisure and other service occupations

Process, plant and machine operatives

The majority of households in Camden Town are individuals or couples (married or cohabiting) with no dependent children. Combined these account for nearly two thirds of all households in the area, compared with the London average of 58%; reflecting the lower age profile of the area.

The area has a low proportion of couples (married and cohabiting) with children. They account for 15% of local households, compared with a London average of 20%. The low level of couples with children suggests that there is an outward migration once couples decide to start a family. Camden Town has a higher proportion of multi-person households than the London average, 10% compared with 7%. One would expect this group to consist of a mixture of young professional sharers and students, due to the area’s central location, proximity to a number of university locations and the excellent transport connections to major employment hubs across London.

The high proportion of residents employed

in managerial and professional

occupations has a knock effect on the

average annual income in the area.

Source: Office of National Statistics Census 2011

Source: Office of National Statistics: Annual Survey of Hours & Earnings 2014

CAMDEN TOWN RESIDENTS OCCUPATIONS:

CAMDEN TOWN HOUSEHOLD COMPOSITION

ANNUAL GROSS AVERAGE FULL TIME EARNINGS – TOP 10 LONDON BOROUGHS: THE LONDON BOROUGH OF CAMDEN AS A WHOLE HAS THE FIFTH HIGHEST AVERAGE EARNINGS IN

LONDON AND IS HIGHER THAN THE LONDON AVERAGE

One Person Household

Married Couple no DP Children

Cohabiting Couple no DP Children

Lone Parent No DP Children

Married Couple with DP Children

Cohabiting Couple with DP Children

Lone Parent with DP Children

Multi-Person Household

1. Kensington & Chelsea2. Westminster3. Richmond upon Thames4. Wandsworth5. Camden6. Islington7. Hammersmith & Fulham8. Bromley9. Tower Hamlets10. Kingston upon Thames13. Greater London

£0 £25,000 £50,000 £75,000 £100,000 £125,000

Demographics

FURTHER INFORMATION & CONTACT

A UNIQUE CENTRAL LONDON PLANNING

PROMOTION. A CHANCE TO WORK ALONGSIDE

MORRISONS

Contact