Kidbrooke Square is an ambitious regeneration project being developed by Kidbrooke Partnership LLP, a joint venture between TfL and Notting Hill Genesis.
Once complete, the scheme will provide 619 new homes with 50% affordable (51% Shared Ownership, 49% London Affordable Rent) and 2,020 sq. m. / 21,743 sq. ft. of commercial accommodation. Completion of the scheme will create the ‘Kidbrooke Hub’, a new local centre for Kidbrooke centred adjacent to the railway station.
The development comprises three phases. Phase 1 is currently under construction and will be completed in sections from April 2022 to September 2023. Phase 1 will comprise 413 homes.
BLOCK B FIRST FLOOR OFFICE - The offices will be delivered to a ‘CAT A+’ condition. The fitout will included the installation of WCs, a kitchen and cycle storage area. Access to the offices will be via a self contained ground floor entrance lobby, with staircase and Platform lift installed.
BLOCK C GROUND FLOOR OFFICE - The offices will be delivered to a CAT B condition. The fitout will include the installation of a WC, a kitchenette and open plan workspace. Access to the offices will be via a self contained ground floor entrance.
BLOCK B GROUND FLOOR RETAIL - This unit will be delivered to an enhanced shell and core condition. The fitout will include the installation of a WC and storage area. Access will be via a self contained ground floor entrance.
KIOSK UNIT BLOCK B - This unit will be delivered to a CAT A/ white box specification. The fitout will include the installation of a WC and storage area. Access will be via a self contained ground floor entrance.
RETAIL UNIT BLOCK C - This unit will be delivered to a CAT A/ white box specification. The fitout will include the installation of a WC and storage area. Access will be via a self contained ground floor entrance.
Location
Kidbrooke is well located in South East London in the Royal Borough Greenwich. Kidbrooke is situated to the north west of Eltham and approximately 1 mile / 1.6 km to the south of Blackheath. Central London (Charing Cross) is approximately 7.5 miles / 12 km to the north west.
Kidbrooke and the surrounds has been transformed in recent years. The former Ferrier Estate is currently being developed by Berkeley Homes for the Kidbrooke Village scheme, which once complete will provide in the order of 5,300 homes, a 100 acre park and 300,000 sq. ft. of commercial space. Approximately 1,900 homes have now been built and it is already regarded as one of London’s most successful regeneration schemes.
Kidbrooke Square is situated immediately to the north of Kidbrooke Village, on the opposite side of Kidbrooke Railway Station. Both schemes benefit from direct pedestrian access to the station. Kidbrooke Square is close to several large parks including Cator Park, Green Park and Blackheath Park. The site is bound by the Bexleyheath (National Rail) railway line to the south, the A2213-Kidbrooke Park Road to the north and northwest and the A2 to the east.
Kidbrooke Railway Station is around a 1 minute walk from Kidbrooke Square. Rail services are operated by Southeastern, with regular trains running to London Victorian and London Cannon Street.
Accommodation
Workspace Units
Block B First Floor – 4,935 sq ft
Block C Ground Floor – 455 sq ft
Retail Units
Block B Ground Floor – 3,814 sq ft
Block B Kiosk Unit – 267 sq ft
Block C Ground Floor – 447 sq ft
Terms
Date of Release: Available to view now. It is estimated the units will be ready for occupation in Q1 2024.
WORKSPACE UNITS FOR SALE
BLOCK B FIRST FLOOR OFFICES BLOCK (APPROX. 4 ,935 SQ . F T.)
Tenure - New long leasehold For Sale
Quoting Price - Offers in the region of £1,605,00 (circa £325 psf) exclusive of VAT.
BLOCK C GROUND FLOOR OFFICE UNIT (APPROX. 455 SQ . F T.)
Tenure - New long leasehold For Sale
Quoting Price - Quoting price - £147,500 (circa £325 psf) exclusive of VAT.
RETAIL UNITS TO LET
BLOCK B GROUND FLOOR RETAIL (APPROX. 3,814 SQ . F T.)
Tenure - New effective full repairing and insuring leases on terms to be agreed.
Quoting Rent - £80,000 per annum exclusive of VAT
BLOCK B KIOSK UNIT (APPROX. 2 67 SQ . F T.)
Tenure - New effective full repairing and insuring leases on terms to be agreed.
Quoting Rent - £9,500 per annum exclusive of VAT.
BLOCK C GROUND FLOOR RETAIL UNIT (APPROX. 447 SQ . F T.)
Tenure - New effective full repairing and insuring leases on terms to be agreed.
Quoting Rent - £16,500 per annum exclusive of VAT.
Service Charge - The tenant will be responsible for the payment of service charge. The current estimated service charge is approximately £2.50 per sq. ft. per annum exclusive.
EPCS - The units are still under construction. Estimated EPC scores for the units are A and B. Occupiers will be expected to maintain these EPC scores.
VAT - Please note that the property is elected for VAT. VAT will be payable on sale or letting transactions.
Costs - All parties will be responsible for paying their own legal and professional costs.
Technical Specif ications - Unit technical and fitout specifications available on request.
Business Rates - The units are still under construction. Business rates assessments are yet to be carried out.