BRILL PLACE · 2018-11-05 · London. King’s Cross is London’s new creative quarter, home to 67...

B R I L L P L A C E

K I N G ’ S C R O S S

A unique opportunity to create an iconic 54 unit residential development

The Opportunity 02

Location 04

Local Area 06

Transport 08

Site Description 10

Planning 11

Accommodation Schedule 13

Consented Floorplans 15

Scheme Optimisation 19

Information 20

Contact 21

C O N T E N T S

C O N T E N T SB R I L L P L A C E | K I N G ’ S C R O S S 0 1

Brill Place, King’s Cross: A unique opportunity to create an iconic residential development, situated in a quiet parkside enclave yet in the heart of Central London.

• Freehold site in the heart of Central London.

• Located in King’s Cross, the proud beneficiary of one of the most impressive and transformative regeneration projects in London.

• Designed by award winning architects dRMM, the scheme comprises a contemporary parkside building of 54 private residential apartments over 22 storeys, offering breathtaking views of the London skyline.

• A detailed planning permission has been secured for a residential scheme totalling 67,307 sq ft GIA of accommodation, to include: – 54 private residential apartments on the upper floors, totalling 44,504 sq ft NSA – 701 sq ft NIA of flexible commercial space (suggested café) and resident’s lobby/concierge at ground floor – Associated plant, refuse and cycle storage facilities at basement level

• Potential to deliver an optimised scheme of 69 units (STNC).

• Unconditional offers are invited for the freehold and leasehold interests.

T H E O P P O R T U N I T Y

Right: CGI looking East

B R I L L P L A C E | K I N G ’ S C R O S S 0 2


Located within the London Borough of Camden, King’s Cross is a vibrant neighbourhood regarded as the gateway to Europe and the proud beneficiary of one of the most impressive and transformative regeneration projects in London. King’s Cross is London’s new creative quarter, home to 67 acres of inspiring businesses, popular restaurants and a vibrant cultural scene.

The area’s industrial past has inspired the 50 new and repurposed buildings; the public spaces between them are a mix of parks, streets, squares, and gardens, with Granary Square at its heart.

A vibrant city with a wealth of culture, from celebrated landmarks and historic buildings, to grand concert halls and renowned museums, it is no surprise that London is frequently regarded as one of the greatest cities in the world.

With a population of over 8.6 million and more than 300 languages spoken, London is one of the most internationally cosmopolitan cities in the world.

I M A G E S Right: Regent’s CanalBelow: King’s Cross UndergroundBelow-Left: King’s Boulevard

L O C A T I O N


Boutique retailers and well-known high street brands line the brick arches of St. Pancras International, with a vast offering of restaurants and bars opening out onto public squares, with cuisines ranging from European to South American.

Furthermore, the Thomas Heatherwick designed Coal Drops Yard is set to open in 2018, hosting a further 100,000 sq ft of shops, cafés, bars and restaurants.

I M A G E S Above: The Lighterman, Granary SquareLeft & Right: King’s Boulevard

The site is at the heart of the Knowledge Quarter, one of the greatest knowledge clusters in the world with the University of London, British Library and Central St. Martins School of Art all within a short walk.

A short walk down the picturesque banks of the Regent’s Canal provides access to the world famous Camden Market and the thriving nightlife scene of Camden, including a number of Jazz Café’s and the Roundhouse live music venue.

In recent years, King’s Cross has attracted an eclectic mix of commercial tenants, which has positioned the area as a thriving commercial location for occupiers in the technology, fashion and creative businesses, including Google and Facebook’s Headquarters, Guardian Media Group and Louis Vuitton.


1

74

2

3910

111

2

34

6

10

2

3

1

23

1

3

2

11

9

4

56

8

7

5

4

7

8

91

5

5

8

6

12

B r i l l P l a c e

P h e o n i x R o a d

P o l y g o n R o a d

Pu

r ch

es

e S

t r ee

t

P a n c r a s R o a d

P a n c r a s Ro a d

Pa

nc r a

s Ro

ad

Pa

nc r a

s Ro

ad

Pa

nc r a

s Ro

ad

York

Wa

yYo

r k W

ay

Yor k

Wa

y

Ki n

g’ s

Bo

ul e

v ar d

Be l g r o v e S

t r e e t

Ton

br i d

ge

St r e

et

A r g y l e S t r e e t

Mid

l an

d R

oa

d

Mi d

l an

d R

oa

d

E u s t o n R o a d

E u s t o n R o a d

J ud

d S

t r e e t

E u s t o n R o a d

Os s u

l s t o n S

t r e e t

Os s u

l s t o n S

t r e e t

Ch

a l t o n S

t r e e t

Ch

a l t o n S

t r e e t

Ev e r s h o l t S

t r e e t

Ev e r s h o l t S

t r e e t

Ch a l t o n S

t r e e t

Ch a r r i n g t o n S

t r e e t

C r o w n d a l e R o a d Food & Drink

1 The Lighterman2 Somerstown Coffee House3 Vinoteca4 Ruby Violet5 Granger & Co.6 Drake & Morgan7 Dishoom8 German Gymnasium9 Notes10 Leon11 Wasabi

Business

1 Google2 London Borough of Camden3 Louis Vuitton4 AutoTrader5 The Office Group6 PRS for Music7 Vistaprint8 Tom Dixon9 UAL10 Google HQ (Under construction)11 Francis Crick Institute12 Facebook (from 2021)

Shopping

1 Waitrose2 Nike3 Jigsaw4 Evans Cycles5 & Other Stories

Lifestyle

1 Granary Square2 British Library3 St. Pancras Renaissance Hotel4 Great Northern Hotel5 Regent’s Canal Towpath6 St. Pancras Gardens7 Gas Holder Park8 Pancras Square9 The Standard Hotel

Travel

1 King’s Cross2 St. Pancras International3 Euston

L O C A L A R E A


I M A G E S

1: Great Northern Hotel, Pancras Road2: UAL: Central Saint Martins, Granary Square3: Regent’s Canal Towpath4: Public space at Granary Square5: British Library, Euston Road6: Google Offices, Pancras Square7: Gasholders, Stable Street8: German Gymnasium, Pancras Square

1.

4. 5. 6.

8.

7.

2. 3.


King’s Cross is one of the best-connected locations in Europe, offering quick access to international, national and local transport links. Eurostar connections place mainland Europe just under two hours from St. Pancras International, whilst King’s Cross station provides access to key destinations throughout the UK.

King’s Cross St. Pancras Station is served by the Circle, Hammersmith & City, Metropolitan, Northern, Piccadilly and Victoria lines, positioning Brill Place perfectly for London’s cultural, business and shopping destinations including Bloomsbury, the City, Bond Street and Canary Wharf.

4 mins

Canary Wharf23 minutes

London Bridge11 minutes

Bank9 minutes

Old Street 5 minutes

NORTHERN LINE

Bond Street10 minutes

Oxford Circus5 minutes

Victoria9 minutes

Green Park7 minutes

VICTORIA LINE

Waterloo13 minutes

Leicester Square7 minutes

Holborn3 minutes

Knightsbridge13 minutes

PICCADILLY LINE

Marylebone11 minutes

Baker Street5 minutes

Paddington13 minutes

Edgware Road9 minutes

CIRCLE LINE

KING’S CROSS

International Destinations

Lille 1 hour 20 minutes

Brussels 1 hour 51 minutes

Paris 2 hours 15 minutes

Amsterdam 4 hours 16 minutes

I M A G E S Below & Right: King’s Cross StationBelow Left: St. Pancras Station

T R A N S P O R T


Brill Place will benefit from the delivery of the Euston terminus of HS2 providing high speed links to the Midlands and the North and Crossrail 2.

Further enhancing connectivity to the area is the proposed Euston St. Pancras Crossrail 2 station, proving faster access to parts of north and south London, with a new station entrance positioned in close proximity to the site.

London Airports

Heathrow 36 minutes

London City 41 minutes

Stansted 45 minutes

Gatwick 48 minutes

London Luton 36 minutes

Euston St. Pancras

King’s Road Chelsea

Clapham Junction

Tottenham Court Road

Victoria Dalston

Tottenham Hale

Seven Sisters

Angel

Euston St. Pancras

Old Oak Common

Birmingham Curzon Street

Birmingham Interchange

LiverpoolStafford Crewe Runcorn

Proposed Crossrail 2 Route

HS2 Route


Located on Brill Place, the site is surrounded on three sides by open parkland and is directly opposite the Francis Crick Institute, a world renowned medical research centre.

The site is part greenfield and part hard standing, with a number of trees included in the perimeter. Full detail on the trees permitted for removal are included in the data room.

The purchaser will acquire the freehold interest in the land outlined in red, together with a 999 year leasehold interest for the sub-soil of the land shaded orange. In addition, the purchaser will be permitted to temporarily occupy part of the surrounding open space for the purposes of construction. Further detail is included in the data room.

S I T E D E S C R I P T I O N

I M A G E S Top: Brill Place Above: Development site looking north

B r i l l Pl a c e

Pu r c h e s e S

t r e e t Indicative only


B A C K G R O U N D

Brill Place Tower forms part of a wider regeneration scheme in the surrounding area known as Central Somers Town, being brought forward by the London Borough of Camden. Planning permission was obtained in October 2016 (ref: 2015/2704/P) for a comprehensive scheme comprising 7 development plots, together with significant improvements to the quality of the open space, play facilities, landscaping and connectivity. Brill Place Tower forms Plot 7 of the consented masterplan.

The masterplan scheme prepared by DSDHA incorporates high quality architectural design and materials; recognised in May 2018 with a RIBA award for the Best Use of Publicly Owned Land in Placemaking.

P L A N N I N G

The master plan scheme comprises:

Plot 1: Community uses at ground floor (Use Class D1) (approximately 1,554 sq m) to include a children’s nursery and community play facility with 10 affordable residential units above; completion anticipated in June 2019

Plot 2: 35 private residential units over flexible A1/A2/A3/D1 floor space at ground level (approximately 137 sq m)

Plot 3: Extension of Grade II listed terrace to provide 3 private dwellings

#

1

2

3 4

5

6

7

: Plot Number

Plot 4: Replacement school facility (Use Class D1). The school is currently under construction with an anticipated completion date of Q2 2019

Plot 5: 20 affordable residential units over a replacement community hall (Use Class D1) (approximately 211 sq m)

Plot 6: 14 affordable residential units

Plot 7 (Brill Place Tower): 54 private residential units over flexible A1/A2/A3/D1 floor space at ground level (approximately 70 sq m)



R E S I D E N T I A L A C C O M M O D A T I O N S U M M A R Y

Type No. Units % Mix Min NSA sq ft

Max NSA sq ft

Average NSA sq ft

Total NSA sq ft

1B2P 27 50.0% 540 703 599 16,164

2B4P 24 44.4% 900 1,058 953 22,874

3B6P 3 5.6% 1,486 2,164 1,822 5,466

Total 54 100% 824 44,504

• Brill Place Tower benefits from a detailed planning consent designed by award winning architects dRMM, renowned for their work on Battersea Power Station, BBC Television Centre and King’s Cross Regeneration. • 100% private apartments

• Planning permission was given as part of the wider Central Somers Town regeneration scheme (ref: 2015/2704/P). Brill Place Tower forms Plot 7 of that permission.

• The scheme comprises an iconic micro-tower development of 54 private apartments over 22 storeys, benefiting from idyllic views over the park and across central London from the upper floors.

• At ground floor the accommodation provides a unique sense of arrival from the landscaped gardens on the east side of the building. A park side café is provided on the western part of the ground floor.

• The scheme provides 67,307 sq ft GIA of accommodation, to include: – 54 private residential apartments on the upper floors, totalling 44,504 sq ft NSA – 701 sq ft NIA of flexible commercial space (suggested café) and resident’s lobby/concierge at ground floor – Associated plant, refuse and cycle storage facilities at basement level

B R I L L P L A C E T O W E R


Brill Place Tower benefits from planning permission under the wider Central Somers town regeneration scheme (ref: 2015/2704/P). Brill Place Tower forms Plot 7 of that permission.

The planning decision and associated conditions explicitly outline which conditions are relevant to Plot 7. A copy of the decision notice is available from the data room.

https://brillplace.live.jll.com/

P L A N N I N G C O N D I T I O N S

C I L

London Borough of Camden CIL and Mayoral CIL will apply to the development. Based on the consented scheme for Plot 7, the total CIL contributions equate to:

• London Borough of Camden CIL: £1,012,383 Mayoral CIL: £395,369

S E C T I O N 1 0 6

The purchaser will enter into a new Section 106 Agreement relating specifically to Brill Place Tower (Plot 7) in isolation. A summary of the key S.106 terms are outlined below, although interested parties should refer to the draft copy of the S.106 provided in the data room for further detail.

• No occupation of the flats before practical completion of the new school, anticipated in Q2 2019*• Highways contribution of £1,052,398• Residential Travel Plan Monitoring Contribution: £6,780• Tree Planting Contribution: £6,485• Other smaller contributions for review, monitoring and apprenticeships• Car free development• Basement construction plan required• Conditions to mitigate impact on and to engage with the Francis Crick Institute during construction

• No affordable housing requirement or affordable housing contribution

*See Process section for further information as to how this point is to be managed as part of the sale.

The above figures include BCIS Indexation.


Plant Room Plant Room

Plant Room

CommercialWasteRoom

Residents’Waste Room

Stair

BulkyWaste Room

BicycleStorage

(86 spaces)

Lift

LiftGoo

ds L

ift

Shef

field

Sta

nds

Out

line

of B

uild

ing

Abov

e

Dou

ble

Stac

k B

ike

Rac

ks

C O N S E N T E D F L O O R P L A N S

B A S E M E N T


Commercial Space

WC

StoreCommercial

Space Entrance

ServiceEntrance

GoodsLift

Post Area

Concierge

Residents’Lobby

ResidentialEntrance

WaitingArea

Lift

Lift

Stair

K E Y

: Commercial Space : One Bedroom : Two Bedroom : Three Bedroom


G R O U N D F L O O R


RWP

WC

WCWC

En-Suite

En-Suite

Bedroom 1Bedroom 1

Bedroom 2

Bedroom 2

Balcony

Balcony

Balcony

Bal

cony

Living/Kitchen/Dining



Bedroom

Stair

Lift

LiftStore

Stor

e

Stor

e

K E Y


Plan shown for floors: 04, 06, 08, 10, 12 & 14


T Y P I C A L F L O O R


Balcony Balcony

Terrace

Bedroom 3

Bedroom 2En-Suite

Store

WC

Living Room

Stair

Lift

Lift

L O W E R F L O O R

K E Y


Plan shown for floor: 18


T Y P I C A L D U P L E X


K E Y


Plan shown for floor: 19


T Y P I C A L D U P L E X

U P P E R F L O O R

Balcony Balcony

Bedroom 1

DressingRoom

En-Suite

Study


Stair

Lift

Lift


dRMM have undertaken a review of the Brill Place design, with a view to optimise the capacity and unit mix. The key changes between the consented scheme and the proposed revisions include the optimisation of the layouts, reduction in the number of large duplexes and the provision of more units.

The below changes are subject to obtaining the necessary consents. This is indicative to illustrate the potential for unit mix and capacity changes and not an approved scheme. Prospective purchasers should obtain their own planning advice and make their own enquiries on any proposed changes to the consented scheme.

A copy of the optimised scheme is available on the dataroom.

S C H E M E O P T I M I S A T I O N

O P T I M I S E D R E S I D E N T I A L A C C O M M O D A T I O N S U M M A R Y

Type No. Units % Mix Min NSA sq ft

Max NSA sq ft

Average NSA sq ft

Total NSA sq ft

Studio 15 21.7% 474 474 474 7,104

1B2P 35 50.7% 538 592 566 19,806

2B4P 16 23.2% 818 1,184 841 13,455

3B6P 3 4.3% 1,076 1,808 1,500 4,499

Total 69 100% 650 44,864


G E N E R A L

The purchaser will acquire the freehold interest in the land outlined in red, together with a 999 year leasehold interest for the sub-soil of the land shaded orange.

I N F O R M A T I O N

V A T

The property is not elected for VAT. D A T A R O O M

Interested parties should register on the Data Room for additional technical, legal and planning information, and to receive updates on the disposal process.

https://brillplace.live.jll.com/

P R O C E S S

Unconditional offers are invited for the freehold and leasehold interests on an informal tender basis, with delayed completion upon completion of school in Plot 4, anticipated in Q2 2019. All offers must be submitted on the bid proforma provided in the dataroom.

London Borough of Camden has a standard policy that requires buyers to pay 2% on completion as a contribution to its scheme costs.

V I E W I N G S

Viewings are strictly by appointment with the sole selling agents JLL.

In addition, the purchaser will be permitted to temporarily occupy part of the surrounding open space for the purposes of construction and will be required to carry out landscaping works on the Councils retained land adjacent to the tower. Further detail is included in the data room.

B r i l l Pl a c e

Pu r c h e s e S

t r e e t

Indicative only


Sonny Dawes

+44 (0)207 087 5679

[email protected]

Dan Smith

+44 (0)207 852 4285

[email protected]

Ben Jones

+44 (0)207 399 5827

[email protected]

Jones Lang LaSalle Limited (JLL) for themselves and for the vendors of this property whose agents they are, give notice that: A. These details are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract; B. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise; C. No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property; D. The photographs and videos show only certain parts of the property as they appeared at the time they were taken, and cannot be relied upon; E. Unless otherwise stated, all prices are quoted exclusive of VAT, if applicable; F. Reference to any mechanical or electrical equipment or other facilities at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function; G. Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained; H. All computer generated imagery, plans and sections within this brochure are indicative only and should not be relied upon. October 2018.

Designed by PayCreative | www.pay-creative.com

C O N T A C T


Date post:	13-Jul-2020
Category:	Documents
Upload:	others
View:	0 times
Download:	0 times

BRILL PLACE · 2018-11-05 · London. King’s Cross is London’s new creative quarter, home to 67...

Documents