2
Investment Opportunity Our latest strategic land investment site is close to Greenhithe, Kent. On successful allocation of the site for residential use, it is projected that the plot owners will enjoy in excess of 38% net returns over an 18 month period. This equates to approximately 25% annualised return. Site and Location The Greenhithe Strategic Development Area lies within the built up area of Knockhall to the south east of Greenhithe. The site consists of a small bowling green and pavil- ion that is still in use, a large area of overgrown redundant car parking and a derelict football club pavilion and pitch that was formerly the privately owned Empire Sports Ground but which has not been used for several years. The site lies within a predomi- nantly residential area characterised by two storey terraced housing. An existing large recreational ground with children’s play equipment and formal sports pitch lies im- mediately to the north of the site. Planning Report The Local Plan adopted in April 1995 is now out of date but the Secretary of State saved a number of Adopted Local Plan policies beyond September 2007 until such time that the Local Development Framework (LDF) is adopted. The site is identified on the Proposals Map as within the existing built up area but there are no specific housing or open space allocations relating to the site. The Core Strategy is currently at Pre-submission stage. A Pre-submission Core Strat- egy Document was published for public consultation on the 2nd September 2010 for a six-week period running until the 14 th October 2010. It is expected that the Core Strategy will be submitted to the Secretary of State in November 2010, with Examina- tion then expected in March 2011 and formal Adoption in September 2011. The Core Strategy Submission Draft Document at Policy CS10 sets out key locations for residential development to address the 17,340 new dwellings target and these sites include Eastern Quarry to the south of the site. Policy CS4 promotes a chain of distinctive and individual but linked communities, existing and new within the Priority Area. The Policy also promotes the making of existing open spaces including Cray- lands Gauge publically available, which would provide improved and direct links be- tween the site and Craylands Lane area to the east, and Eastern Quarry to the south. Total investment: £57,600 Timeline: Approximately 18 months Total expected return: £75,000 and above Approx size: 300 sqm Region: Dartford, Kent Tenure: Freehold M25 Junction—2 miles London City Airport—10 miles Dartford Tunnel—3.8 miles Dartford Centre—4.7 miles Ebbsfleet International Railway Station—2.7 miles Greenhithe Train Station—1 mile SJ Capital Group 1st Floor Sandton City Office Tower 158 Fifth Street Sandton Johannesburg 2146 South Africa Tel: +27 (0)11 303 8800 Fax: +27 (0)11 303 8808 Ground Floor, South Wing 2 Cranbrook Crescent La Lucia Ridge, Durban 4019 South Africa Tel: +27 (0)31 566 5552 Fax: +27 (0)31 566 5221 This document is provided for the purpose of information only. The opinions expressed here represent the views of SJ Capital Group at the time of preparation and should not be interpreted as investment advice. The information and opinions contained in the document are recorded and expressed in good faith and in reliance on sources believed to be reliable. However, no representation, warranty, undertaking or guarantee of whatever nature is made or given concerning the accuracy and/or completeness of such opinions. Any investment is speculative and involves significant risks and in making any investment decision, you will rely solely on your own review and examination of the facts and the records relating to such investment. The contents of this document are based on current legislation which may be subject to change. SJ Capital Group shall have no liability of whatever nature in respect of any claim, damages, loss or expense arising out of or in connection with the reliance by you, on the contents of this documents. Company Details Site Facts STRATEGIC LAND INVESTMENT Greenhithe, Kent, UK Timelines Aerial Map November / December 2010 Consultation on draft Core Strategy Document March 2011 Core Strategy Public Examination April to September 2011 Prepare formal application for planning permission September 2011 Adoption of the Core Strategy October 2011 Submission of the application permission Early 2012 Proposed date for the application to achieve permission Mid 2012 Forecasted sale of the site

Greenhithe Factsheet

Embed Size (px)

DESCRIPTION

Greenhithe Planning Submission Now Complete! We are very excited to announce that our final Planning Submission has been made to Dartford Local Council. Further details are available in the Greenhithe planning update but this is the culmination of extensive work done in preparation of the application and represents the most important step in the planning process to date. The local council will now follow its due process which should take us into early January and, whilst we have formally completed our involvement, we will continue to make representations wherever possible to ensure as swift a process as possible.

Citation preview

Page 1: Greenhithe Factsheet

Investment Opportunity

Our latest strategic land investment site is close to Greenhithe, Kent. On successful

allocation of the site for residential use, it is projected that the plot owners will enjoy

in excess of 38% net returns over an 18 month period. This equates to approximately

25% annualised return.

Site and Location

The Greenhithe Strategic Development Area lies within the built up area of Knockhall

to the south east of Greenhithe. The site consists of a small bowling green and pavil-

ion that is still in use, a large area of overgrown redundant car parking and a derelict

football club pavilion and pitch that was formerly the privately owned Empire Sports

Ground but which has not been used for several years. The site lies within a predomi-

nantly residential area characterised by two storey terraced housing. An existing large

recreational ground with children’s play equipment and formal sports pitch lies im-

mediately to the north of the site.

Planning Report

The Local Plan adopted in April 1995 is now out of date but the Secretary of State

saved a number of Adopted Local Plan policies beyond September 2007 until such

time that the Local Development Framework (LDF) is adopted. The site is identified

on the Proposals Map as within the existing built up area but there are no specific

housing or open space allocations relating to the site.

The Core Strategy is currently at Pre-submission stage. A Pre-submission Core Strat-

egy Document was published for public consultation on the 2nd September 2010 for

a six-week period running until the 14th

October 2010. It is expected that the Core

Strategy will be submitted to the Secretary of State in November 2010, with Examina-

tion then expected in March 2011 and formal Adoption in September 2011.

The Core Strategy Submission Draft Document at Policy CS10 sets out key locations

for residential development to address the 17,340 new dwellings target and these

sites include Eastern Quarry to the south of the site. Policy CS4 promotes a chain of

distinctive and individual but linked communities, existing and new within the Priority

Area. The Policy also promotes the making of existing open spaces including Cray-

lands Gauge publically available, which would provide improved and direct links be-

tween the site and Craylands Lane area to the east, and Eastern Quarry to the south.

Total investment: £57,600

Timeline: Approximately 18 months

Total expected return: £75,000 and above

Approx size: 300 sqm Region: Dartford, Kent

Tenure: Freehold • M25 Junction—2 miles • London City Airport—10 miles • Dartford Tunnel—3.8 miles • Dartford Centre—4.7 miles • Ebbsfleet International Railway Station—2.7 miles • Greenhithe Train Station—1 mile

SJ Capital Group

1st Floor Sandton City Office Tower

158 Fifth Street

Sandton

Johannesburg

2146

South Africa

Tel: +27 (0)11 303 8800

Fax: +27 (0)11 303 8808

Ground Floor, South Wing

2 Cranbrook Crescent

La Lucia Ridge, Durban

4019

South Africa

Tel: +27 (0)31 566 5552

Fax: +27 (0)31 566 5221

This document is provided for the purpose of information only. The opinions expressed here represent the views of SJ Capital Group at the time of preparation and should not be interpreted as investment advice. The

information and opinions contained in the document are recorded and expressed in good faith and in reliance on sources believed to be reliable. However, no representation, warranty, undertaking or guarantee of

whatever nature is made or given concerning the accuracy and/or completeness of such opinions. Any investment is speculative and involves significant risks and in making any investment decision, you will rely solely

on your own review and examination of the facts and the records relating to such investment. The contents of this document are based on current legislation which may be subject to change. SJ Capital Group shall

have no liability of whatever nature in respect of any claim, damages, loss or expense arising out of or in connection with the reliance by you, on the contents of this documents.

Company Details

Site Facts

STRATEGIC LAND INVESTMENT

Greenhithe, Kent, UK

Timelines

Aerial Map

November / December 2010

Consultation on draft Core Strategy Document

March 2011

Core Strategy Public Examination

April to September 2011

Prepare formal application for planning permission

September 2011

Adoption of the Core Strategy

October 2011

Submission of the application permission

Early 2012

Proposed date for the application to achieve permission

Mid 2012

Forecasted sale of the site

Page 2: Greenhithe Factsheet

Greenhithe Site Map