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Our Summary
- Development potential (STP)
- The property comprises a substantial town centre car park positioned to the rear of 93-105 Clarence Street, Kingston upon Thames, and represents a highly attractive development opportunity with immediate income potential
- All sold off car parking spaces have a lift and shift provision to allow for future redevelopment
- In its current configuration, the site provides operational parking and servicing; however, it also presents clear redevelopment potential
- The land is considered suitable for a residential-led scheme, with scope for either a mewsstyle housing development or a flatted scheme, subject to planning consent
- Kingston remains one of South West London’s most desirable and resilient property markets, making this a compelling opportunity for developers and investors alike Planning The site is located within Kingston Town Centre, which is designated as both an Opportunity Area and a Metropolitan Town Centre in the adopted London Plan
- The northern part of the site forms part of a wider allocation in the adopted Area Action Plan, with the car park specifically identified as having redevelopment potential, including for residential or student accommodation uses
- In planning terms, the site is considered suitable for a residential-led scheme, with potential for either mews-style housing or a flatted development, subject to planning consent
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Description
The property consists of a substantial town centre car park located in Kingston upon Thames, comprising of 36 car parking spaces, including 1 designated loading bay and 16 bays that have been sold off. The car park is surfaced and provides operational parking and servicing, with clear redevelopment potential, including suitability for a residential-led scheme or alternative uses such as a managed car park or EV hub. The site is approximately 0.2 miles from the principal Kingston High Street and 0.4 miles from Kingston railway station.