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V I C T O R I A W O R K S
WANDSWORTH RIVERSIDE, SW18
OUTSTANDING RIVERSIDE RESIDENTIAL DEVELOPMENT OPPORTUNITY
9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18
A UNIQUE OPPORTUNITY TO PURCHASE ONE OF THE FINAL DEVELOPMENT
SITES IN THIS EXCLUSIVE ENCLAVE OF RIVERSIDE REGENERATION
V I C T O R I A W O R K S
AN OUTSTANDING RIVERSIDE RESIDENTIAL DEVELOPMENT OPPORTUNITY IN THE HEART OF THE WANDLE DELTA
- 1.02 acre (0.41 hectare) freehold site
- Situated in an idyllic enclave of recently completed development between the
River Thames, the River Wandle and Wandsworth Park
- Wandsworth Town Station is just over 5 minutes on foot
- Existing offices and warehouses extending to 40,722 sq ft GIA
- Allocated for residential-led mixed-use development
- Currently let to 8 tenants, generating £291,375 pa
- Vacant possession deliverable in June 2017, providing ample time to secure
detailed planning permission
- Offers are invited for the freehold and long leasehold interests, subject to the
existing tenancies
SUMMARY
V I C T O R I A W O R K S
VICTORIA WORKS, 9, 11 AND 19
OSIERS ROAD, SW18.
Victoria Works is located to the north of
Wandsworth Town in the Wandle Delta,
close to the point at which the River Wandle
meets the River Thames.
Once an area of industrial significance,
the area has made way for wholescale
redevelopment to produce high quality
residential accommodation in an extremely
popular location. Victoria Works provides
the final sizeable opportunity to develop
within this tranquil riverside location.
The site is perfectly located to enjoy all that
the local area has to provide and residential
amenities are abundant within close
proximity. The Thames Path offers riverside
walks and idyllic cycling opportunities whilst
Southside shopping centre, cinema and
restaurant complex is situated just 7 minutes
walk from the site. Wandsworth Park lies
just 200m to the west and King George’s
Park within 600m to the south, together
providing over 80 acres of recreational open
space.
Wandsworth is seeing an emergence of
boutique shops, restaurants and bars and
with the ongoing redevelopment of the Ram
Brewery, the first phase of which is due to
complete in Autumn 2017, the area is about
to change beyond recognition.
9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18
LOCATION
V I C T O R I A W O R K S
MORTLAKE
NorthSheen
WIMBLEDONPARK
RICHMONDPARK
WIMBLEDON COMMON
CLAPHAM COMMON
Tooting Bec Common
A24
A2
A217
A214
A3
A219
A218
A217
A306
A3
A21
9
A3
A3220
A3205
A205
A3209
A304
A308
A205
A3003
A
RICHMOND
CLAPHAM JUNCTION
IMPERIAL WHARF
WANDSWORTHTOWN
EAST PUTNEY
PUTNEY
PUTNEY BRIDGE
PARSONS GREEN
WANDSWORTHBRIDGE
FULHAM
BATTERSEA
PUTNEYBRIDGE
PUTNEYHEATH
WANDSWORTH PARK
KING GEORGE’S PARK
TR
INIT
Y R
OA
D
BATTERSEA PARK ROAD
YORK ROAD
RIVERWALK
RIV
ER
TH
AM
E
S
9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18
V I C T O R I A W O R K S
RIV
ER
WA
ND
LE
LOCATION
V I C T O R I A W O R K S
WANDSWORTHTOWN
9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18
LOCATION
V I C T O R I A W O R K S
Victoria Works is situated in a well-
connected locality with Wandsworth
Town mainline station and East Putney
Underground Station both a short walk
from the site. Wandsworth mainline
station is serviced regularly by trains
direct to Central London, reaching
Clapham Junction in 3 minutes, and
Waterloo in 16 minutes. East Putney
provides regular District Line services
to Edgware Road and Upminster, as
well as the rest of the London
Underground network.
Thames Clipper services provide
a refreshing alternative commute,
with Wandsworth Riverside Pier just
60 seconds from the site, reaching
Embankment in 32 minutes and
Blackfriars in 37 minutes.
A wide network of bus routes also service
the roads close to the site, providing
access to Greater London (Richmond,
Putney, Balham and Wimbledon) as well
as Central London (Clapham Junction,
Battersea and Victoria).
Vehicular access is provided by Osiers
Road which feeds into Putney Bridge
Road and the local road network,
connecting Wandsworth to Fulham
via Putney Bridge and Chelsea via
Wandsworth Bridge. The A3 major
arterial road just 400m south of the site
heads eastward into Central London, and
westwards to the M25, providing access
to the wider national motorway network.
WALKING TIME:
TRAVEL TIMES FROM WANDSWORTH TOWN:
TRAVEL TIMES FROM EAST PUTNEY:
TRAVEL TIMES FROM WANDSWORTH RIVERSIDE QUARTER PIER:MINS
MINS
25
ST GEORGE WHARF
10
CHELSEA HARBOUR
WANDSWORTH TOWN
32
EMBANKMENT
37
BLACKFRAIRS
MINS
DistrictPiccadilly
EARL’S COURT
14
CircleDistrict
HIGH ST KENSINGTON
20
CircleDistrict
SLOANE SQUARE
21
CentralCircle
District
NOTTING HILL GATE
22
BakerlooCircle
DistrictHammersmith & City
PADDINGTON
26
CircleDistrict
Victoria
VICTORIA
27
3
CLAPHAM JUNCTION
14
RICHMOND
VictoriaOVERGROUND OVERGROUND
VICTORIA
9
BakerlooJubilee
NorthernWaterloo & City
WATERLOO
16
EAST PUTNEY
District
7 mins 11 mins
9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18
TRANSPORT
V I C T O R I A W O R K S
SITUATION
The site extends to 1.02 acres (0.41 hectares) and forms a reverse `L’ shape
within an island of land bounded by Osiers Road to the north, east and south.
To the west, the site abuts the Radius development by Taylor Wimpey, due to
complete in Q4 2015.
EXISTING BUILDINGS
The current accommodation comprises B1 offices, B2 light industrial and B8
storage/distribution, in all extending to 40,722 sq ft GIA.
The existing buildings, of one and two storeys, are predominantly brick built
with both flat and pitched roof elements. Vehicular access is provided to Osiers
Road to the north, east and south west corner of the site.
CR
6.7m
5.8m
5.7m
Cycle Hire Station
OSIERS
ROAD
TFIELDS AVENUE
ENTERPRISE WAY
Goods Shed
19
9
11
Riverside House
1 to 32
1c
331to28
32 to 40
1b
1d
StaSubEl
26
Ken
4
1 to 62Clyde House
8
1 to 34Severn Ho
5
1 to 33Avon House 13
1 to 83Witham House
1
1to30
23
Wye House
6
0m 10m 20m 30m
This plan is published for the convenience of identification only and although believed to be correct is not guaranteed and it does not form any part of any contract. © Crown Copyright. All rights reserved. Licence Number LIG0074.
Victoria Works, OsiersRoad, London, SW18 1NL
Ordnance Survey © Crown Copyright 2015. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250
9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18
DESCRIPTION
V I C T O R I A W O R K S
TENANCIES
- The existing accommodation is let to
eight separate tenants, generating an
annual income of £291,375 pa.
- Vacant possession can be obtained in
June 2017, providing an ideal window
to secure detailed planning consent.
- All leases and associated documents
are available to download from the
data room.
9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18
TENANT ADDRESS ACCOMMODATIONGIA(sq.ft)
Total GIA (sq.ft)
LEASE EXPIRY (BREAK)
INSIDE L&T 1954 Act
INCOME
A Fitness Model Limited 9 Osiers Road, SW18 4NLUnits 1 and 2Building 2 1st Floor
9,7171,145
10,862Aug- 20(Jun-17)
No£54,500
Bernard Thorp & Co Limited
11 Osiers Road, SW18 1NLPart Unit 1 Building 1 Gr FloorUnit 1 Building 2 Gr Floor
3,4446,091
9,535 June 17 Yes
£73,300
Linton Fuel Oils Limited 11A Osiers Road, SW18 1NLUnit 1 Building 1 1st Floor (part)MezzaninePart 1 Unit 1 Building 1 Gr Floor
1,9044,333
6,237 Mar 16*Mar 16*
Yes £47,000
Lindsey Balkwill 19 Osiers Road, SW18 4NLUnit 1 Building 6 Part Gr FloorUnit 1 Building 6 1st Floor
236689
925 Jun 17 No£6,180
Vacant 19 Osiers Road, SW18 4NL Unit 1 Building 6 Part Gr Floor 450 450 - -
Angelito Sarmiento (T/A Pit Stop and Tops Tyres)
19 Osiers Road, SW18 4NL Unit 1 Building 5 Gr Floor 2,952 2,952Nov 19(Jun 17)
No£23,456
Bassline Productions Limited
19 Osiers Road, SW18 4NL Unit 2 Building 5 Gr Floor 1,178 1,178Nov 19(Jun 17)
No£12,999
Jamb Limited 19 Osiers Road, SW18 4NLUnit 1 Building 3 Gr FloorUnit 3 Building 3 Gr Floor
3,267 5,316
3,267 5,316
Jun 17May 17
YesNo
£28,240£45,700
London Power Net-works PLC
11 Osiers Road, SW18 1NL Sub station Dec 28 Yes -
TOTALS 40,722 £291,375
* Deed of surrender effective 31.03.2016
* * Powder White Limited have signed a five year lease on Unit 1, Building 1, part ground, 1st floor and mezzanine commencing 01.04.2016 with a mutual break in
June 2017. This will produce an additional annual rent of £24,500 pa
The above areas are approximate and have not been verified. A plan indicating each tenant’s location is included within the data room.
TENANCIES
V I C T O R I A W O R K S
PLANNING
The London Borough of Wandsworth’s Site Specific Allocations Document (SSAD) allocates the site for mixed use development including residential, replacement employment floorspace and improved links with the town centre. Core Strategy Policy PL9 encourages a wider mix of uses at focal points of activity along the riverside including restaurants, cafes, bars and small-scale retail. It is therefore envisaged these uses will form the replacement employment floorspace at ground floor, as is currently being delivered in the adjoining development to the west. The SSAD specifically references the provision of new connections through the site as set out in the Area Spatial Strategy, interlinking with the adjacent development to the west. These new connections, together with the existing frontages to Osiers Road should be defined by active frontages. The Spatial Strategy therefore largely dictates the block layout of the redeveloped site.
In terms of height, the SSAD states the site is sensitive to tall buildings, and the height at which development in this location will be considered tall is 9 storeys. The adjoining development to the west, which also has the same designation in terms of height within the SSAD, extends to 8 storeys plus basement. The recently completed blocks directly to the east of the site, which also have the same designation in terms of height within the SSAD, extend to nine storeys plus basement along Osiers Road.
In addition, the car park immediately to the south of the site has recently been granted planning permission for 10 storeys above ground.
DEVELOPMENT CONTEXT
The immediate area has seen wholescale
residential-led redevelopment in recent years. The catalyst
for change was Riverside Quarter by Frasers Property,
comprising 504 units and ground floor commercial. The
final phase is currently under construction with the latest
block expected to complete in Q4 2016.
Victoria Works neighbours the Taylor Wimpey Radius
development to the west which will deliver 152 residential
dwellings of which 114 are private tenure. The scheme is
expected to complete in Q4 2015 and 97% sold out at the
date of publishing.
To the east of Osiers Road is Barratt London’s Osiers
development which was completed in Q4 2013 and
comprises 275 residential units and ground floor
commercial including Sainsbury’s Local.
9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18
PLANNING
V I C T O R I A W O R K S
9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18
PLANNING
V I C T O R I A W O R K S
TITLE
The Freehold and Long
Leasehold interests are held
under Titles TGL123919 and
SGL29358.
VAT
The Freehold interest is not
elected for VAT. The Long
Leasehold interest is elected
for VAT and it is envisaged it
will be sold as a Transfer of
Going Concern (TOGC).
VENDOR
The interests are owned and
managed separately by
i) Russell-Cooke Trust
Company (Freehold)
ii) Trident Holdings
Investments Limited
(Long Leasehold)
DATA ROOM
Further technical, legal and
planning information is
available to download from
the data room at
Interested parties must
register their interest on the
data room to ensure they
receive updates throughout
the marketing period,
including document amends
and the bid pro-forma.
OFFERS
Offers are to be invited on an
informal tender basis on a
subject-to-planning and/or
unconditional basis.
9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18
FURTHER INFO
SONNY DAWES 020 7087 5679
RICHARD PILLOW 020 8662 2720
ALEXI BORG 020 8662 2745
JACK BEARD 020 7087 5714
PETER DAY 020 7399 5263
RICHARD PLANT 020 8662 2718
DISCLAIMER
JLL and SHW for themselves and for the vendors or lessors of this property whose agents they are, give notice that:-a. the particulars 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 or SHW has any authority to make or give any representation or warranty whatever in relation to the property; d. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken.
© 2015 Jones Lang LaSalle IP, Inc and Stiles Harold Williams Partnership LLP
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