£300,000Fixed price
- Residential development opportunity. Potential for a 3/4 bedroom dwelling.
- Within walking distance of Tooting town centre, Tooting Broadway Underground Station and Earlsfield Station
- Sale is subject to planning, however, unconditional offers will be considered.
Location:
The property is located in the south of the London Borough of Wandsworth in the Tooting Ward close to the border with Earlsfield. It benefits from an outlook over a private green which has frontage onto Garratt Lane. Access to the property is from Burfield Close off of Wimbledon Road which feeds into Garratt Lane. The subject is within walking distance of Tooting town centre, approximately half a mile via road.
Tooting has a wide range of facilities including shops, bars and restaurants. Tooting Broadway Underground station is served by the Northern Line and provides great access to Central London. Earlsfield Station offers rapid access to Central London and the South East via Clapham Junction. Garratt Lane is well served by busses. The subject property has a PTAL rating of 2. The property is surrounded by the A3 to the north and west, the A214 to the east and the A24 to the South.
Description
The unique property was built in 1848 along with St Clement Danes Almshouses (1-40 Burfield Close) and is an example of highly ornate Gothic Revival architecture. It features on the Council’s list of buildings of special architectural or historic interest.
The development incorporates the private garden at the front that at one stage contained an Artesian well to supply the residents with water The Chapel building has Grade II Listed status and a number of the highly desirable original features are still in situ. Among others, there is an ornate clock on the external facade, a large stone fireplace, period timber door furniture and externally elaborate fenestration, including some glazed windows at high level. Other characteristics include gables and finials with octagonal pinnacles and castellation.
Development Potential
Informal planning guidance from Wandsworth Planning Department shows scope to convert the Chapel to residential use, with potential for 3 en-suite bedrooms, a mezzanine, subject to the openness of the Chapel being maintained, open plan kitchen/ living area, office and separate cloakroom/WC. A minimum intervention approach will be required and the above plans require minimal alteration to the existing fabric of the building.
Any potential development/ planning application submitted will need to have sufficient day light modelling information in this regard. Feedback from the Planning Department supports the draft feasibility as prepared by Wandsworth Borough Council Design Service.
Planning
Interested parties should direct any enquires to the Planning Team at Wandsworth Borough Council.
Due Diligence
Information The following information is available from the agent. Draft Heads of Terms Purchaser to rely on their own services and topographical surveys.
Summary of Proposed Terms of Sale
Offers are invited in accordance with the terms and conditions of sale (see Draft Heads of Terms), with conditional offers being on the basis that the Purchaser secures planning permission for residential use. The main terms that will apply are as follows:
Price
In accordance with the offer. (exclusive of VAT)
Deposit
10% of the purchase price payable on exchange of conditional contracts with the remaining balance payable on completion which will be 14 days after the contract becoming unconditional. On a subject to Planning offer, the contracts will become unconditional when unchallenged planning consent is received. ·
Planning overage
This provision will be enforceable in the sale contract.
Planning Application
In respect of an offer conditional to planning permission, the Purchaser will be expected to submit their planning application within three months of exchange of conditional contracts.
Vacant Possession
Granted on completion.
Development Programme
(conditional offers)– The Purchaser will be expected to submit a planning application within 3 months of conditional contract exchange and commence the development within 12 months of an acceptable (unchallenged) planning consent and complete the development within 2years. If the purchaser fails to meet the Development Programme then Wandsworth Council will have the option of buying back the property in the condition that it is in at that date, at the original purchase price paid for the site. This option will not prejudice the rights of any financing organisation to step in to complete the building works.
Property Security
The Purchaser will be responsible for site security and retaining vacant possession from the date of completion.
Amenity Space
The property has a lack of private amenity space.
Unconditional Offers
unconditional offers will be considered and the development must be built out within 4 years of completion.
Fee
A contribution to the Council’s administrative, legal and surveyors’ fees of 2.75% of the purchase price.
Buy Back Option
If the Purchaser fails to meet the Development Programme then Wandsworth Council will have the option of buying back the site at the same sum as the original purchase price under an unconditional purchase, or the original base purchase price plus any overage actually paid since the completion of the original purchase under a conditional purchase. This option will not prejudice the rights of any financing organisation to step in to complete the building works.
Tenure
The Leasehold interest (vacant possession) is to be offered for sale with the site to be taken on an ‘as seen’ basis. The lease is to be 125 years in length. Guide Price The Council anticipates receiving offers in excess of £300,000 for this
- Chapel
- 2,013 sq. ft (187 sq. m)
Marketed by
Avison Young
Call
07825 266949