House For Sale £500,000
The sale of the property known as The Observatory provides an excellent opportunity to acquire an existing Grade II listed building, situated in Woolwich, southeast London.
The site represents an excellent residential and/or commercial development opportunity. The site extends to c. 0.65 acres (0.264 hectares).
The Observatory is a Grade II listed building that has been in continual use by the Army since it was built in 1838.
The site has recently been vacated and was last used as welfare facilities. It comprises a 2 storey building over lower ground and ground floors extending to 2,236 sq ft (GIA) and has an EPC rating of C (66).
Location Highlights
The site is located immediately north of Repository Road, adjacent to King's Troop Royal Horse Artillery Barracks at Green Hill, Woolwich, London, SE18 4BW, which currently forms part of the wider Royal Artillery Barracks site. The site is located outside of the secure perimeter fence to the main RAB. It is located north of Green Hill Road, which bends round to the west of the Site.
Services and Planning
The site is located within the administrative boundary of the Royal Borough of Greenwich (RBG) and sits within the Woolwich Common Conservation Area.
The current lawful use of the Site is considered to be Class C2a (secure residential institutions) given that it is ancillary to the wider Royal Artillery Barracks, Woolwich site. The property is now surplus to future military requirements, and as such, we consider the building and its curtilage provide a unique opportunity for a variety of different uses to be delivered in the future.
There is demonstrable and significant need in the Borough to ensure that the delivery of small sites contribute to the supply of housing land and thus residential uses are considered an appropriate use, subject to satisfying other policies within the Development Plan.
In addition, the property provides a unique opportunity to provide a range of future uses, including commercial, workspace, retail and food & beverage offers. As such, we consider there to be potential to negotiate a change of use at the site.
The Council's latest Local Development Scheme (2019) identifies that a Supplementary Planning Document (SPD) for the wider 'Woolwich Barracks' site is due to be prepared imminently. This forthcoming SPD is still at an early stage of preparation, and the DIO's team is engaging with Council planning officers on an ongoing basis concerning preparation of this document.
The Avison Young planning appraisal report which has been shared with and endorsed by RBG can be found within the data room.
Viewing
A strict 'by appointment only' viewing protocol is in place. Please contact a member of the AY team to book an appointment.
The site represents an excellent residential and/or commercial development opportunity. The site extends to c. 0.65 acres (0.264 hectares).
The Observatory is a Grade II listed building that has been in continual use by the Army since it was built in 1838.
The site has recently been vacated and was last used as welfare facilities. It comprises a 2 storey building over lower ground and ground floors extending to 2,236 sq ft (GIA) and has an EPC rating of C (66).
Location Highlights
The site is located immediately north of Repository Road, adjacent to King's Troop Royal Horse Artillery Barracks at Green Hill, Woolwich, London, SE18 4BW, which currently forms part of the wider Royal Artillery Barracks site. The site is located outside of the secure perimeter fence to the main RAB. It is located north of Green Hill Road, which bends round to the west of the Site.
Services and Planning
The site is located within the administrative boundary of the Royal Borough of Greenwich (RBG) and sits within the Woolwich Common Conservation Area.
The current lawful use of the Site is considered to be Class C2a (secure residential institutions) given that it is ancillary to the wider Royal Artillery Barracks, Woolwich site. The property is now surplus to future military requirements, and as such, we consider the building and its curtilage provide a unique opportunity for a variety of different uses to be delivered in the future.
There is demonstrable and significant need in the Borough to ensure that the delivery of small sites contribute to the supply of housing land and thus residential uses are considered an appropriate use, subject to satisfying other policies within the Development Plan.
In addition, the property provides a unique opportunity to provide a range of future uses, including commercial, workspace, retail and food & beverage offers. As such, we consider there to be potential to negotiate a change of use at the site.
The Council's latest Local Development Scheme (2019) identifies that a Supplementary Planning Document (SPD) for the wider 'Woolwich Barracks' site is due to be prepared imminently. This forthcoming SPD is still at an early stage of preparation, and the DIO's team is engaging with Council planning officers on an ongoing basis concerning preparation of this document.
The Avison Young planning appraisal report which has been shared with and endorsed by RBG can be found within the data room.
Viewing
A strict 'by appointment only' viewing protocol is in place. Please contact a member of the AY team to book an appointment.
