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g Freehold development opportunity in a central London location

g A pre-planning site of c. 0.74 acres (0.298 hectares) within 450 metres of Vauxhall station.

g The existing site comprises four adjoining commercial buildings surrounding a central courtyard.

g Significant potential for residential or commercial led mixed use development, subject to obtaining the necessary consents.

Freehold Development OpportunityGraphite Square, Vauxhall, London SE11For Sale Freehold

g An indicative mixed use scheme, concept designed by Studio Egret West Architects, has been the subject of pre-application discussions with the Local Planning Authority. This indicative scheme shows a mixed use development of 80 residential units and 1,520 sq m NIA of commercial floorspace in a development extending to 10 storeys.

g For sale freehold, subject to existing tenancies.

g Offers requested on an unconditional basis.

Location

The site is located in Vauxhall, to the north of Vauxhall Pleasure Gardens within the London Borough of Lambeth.

The site is located approximately 450 metres north of Vauxhall station providing access to the Victoria line of the London Underground network and national rail services to Waterloo and the home counties.

The western boundary of the site is formed by a series of part 3 part 4 storey commercial properties fronting Vauxhall Walk. Two five storey residential blocks known as Kennedy House and Jameson House abut the site to the south, whilst the northern boundary is formed by the Vauxhall Methodist Church. Worgan Street forms the eastern boundary of the site, across which is a 5 storey residential block known as Arne House.

Pedestrian access to the site is via both Vauxhall Walk and Worgan Street but vehicular access is from Worgan Street only.

NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

Site Description

The broadly rectangular site extends to approximately 0.74 acres (0.298 hectares) and comprises five adjoining buildings in various commercial uses centred around a central courtyard.

Hall House, located in the centre of Graphite Square, is a 5 storey office (B1a) building extending to approximately 777 sqm (NIA).

Spring House is a four storey office (B1a) building fronting Worgan Street, extending to approximately 1,117 sqm (NIA).

2 - 4 Graphite Square is a single storey building extending to approximately 263 sqm (NIA), located along the northern boundary of the site.

24 Worgan Street (East) is a single warehouse (B8) extending to approximately 349 sqm (NIA) located in the south east corner of the site fronting Worgan Street.

24 Worgan Street (West) is a part one part three storey building in a dilapidated state.

Please note that the existing areas have not been verified and should not be relied upon.

Planning and Development Potential

The site falls under the jurisdiction of the London Borough of Lambeth.

Whilst there are no statutory or locally listed buildings on site, most of the site does fall within the Vauxhall Gardens Conservation Area with the exception of Spring House.

An indicative mixed use scheme, concept designed by Studio Egret West has been the subject of pre-application discussions with the Local Authority and the formal pre- application response is available on the dataroom.

The Studio Egret West concept scheme, comprises a total combined Gross External Area of 112,687 sq ft (10,469 sqm) in a building rising from 4 to 10 storeys. This scheme shows two storeys of commercial uses at ground and lower ground level providing approximately 2,260 sqm (GEA) of floorspace. It also shows a further 7,877 sqm (GEA) of residential uses over 9 storeys, accommodating approximately 80 units in total. This scheme remains at a concept stage and has not been progressed beyond that presented at the pre-application meetings.

Use GEA (SqM) GIA (SqM) NIA (SqM)

Commercial 2,260 2,034 1,526Residential inc. Lobbies

7,877 7,089 5,317

Ancillary 332 299 224

Total 10,469 9,422 7,067

Please note this scheme is indicative and interested parties should undertake their own planning and development due diligence.

Indicative Studio Egret West Architects’ designed scheme

Important Notice

Savills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Marketing: 020 7499 8644 | September 2015

Tenure and Tenancies

The property will be available subject to the existing tenancies which currently generate £131,132 per annum.

Method of Sale

The property is to be sold by informal tender. Offers are invited for the Freehold interest, subject only to contract. A bid deadline will be set in due course.

VAT

The property is elected for VAT

EPC

The full EPC reports are available on the dataroom.

Viewings

All viewings are by appointment only through the Selling Agent.

Further Information:

Supporting information can be found on the following dedicated website:

www.savills.com/graphitesquare

Contacts

Andrew Cox 020 7016 3851 acox@savills.com

Andrew Cooper 020 7016 3848 acooper@savills.com

Indicative Studio Egret West Architects’ designed scheme