Orion Park, Northfield Avenue, Northfields, Ealing, London W13 9SJ

Transcription

1 Orin Park Nrthfield Avenue, Nrthfields, Ealing, Lndn W13 9SJ Orin Park, Nrthfield Avenue, Nrthfields, Ealing, Lndn W13 9SJ Prminent West Lndn Residential Develpment Opprtunity CGI f Permitted Scheme

2 Orin Park Nrthfield Avenue, Nrthfields, Ealing, Lndn W13 9SJ CGI f Permitted Scheme Opprtunity Summary Residential led develpment pprtunity in Nrthfields, West Lndn hectare (1.6 acre) site currently cmprising six retail units and three large buildings in light industrial, warehusing and ffice use, alng with a large area f hardstanding. Oppsite Nrthfields Undergrund statin (Piccadilly line), prviding direct services t the West End (Piccadilly Circus 25 minutes) and King s Crss (33 minutes) (surce: TFL). Fr sale freehld. Planning cnsent dated 02/02/18 fr a mixed-use scheme ttalling 8,050 sq m (86,651 sq ft) GIA, cmprising the fllwing key cmpnents: 195 sq m (2,099 sq ft) NIA retail space (Use Class A1 / A2). 630 sq m (6,781 sq ft) NIA ffice space (Use Class B1). 52 private units with a ttal NSA f 3,366 sq m (36,232 sq ft). 24 affrdable units with a ttal NSA f 1,818 sq m (19,569 sq ft). 25 car parking spaces.

3 Orin Park Nrthfield Avenue, Nrthfields, Ealing, Lndn W13 9SJ Lcatin Orin Park is situated in Nrthfields, West Lndn in the Lndn Brugh f Ealing. A range f lcal amenities can be fund alng Nrthfield Avenue, ffering a number f cafés, restaurants and shps, including a Sainsbury s supermarket situated apprximately 40m t the nrth f the site. Ealing twn centre is lcated apprximately 1.6 km (1.0 mile) nrth east f the site, prviding a mre extensive range f shps and services. The site benefits frm clse prximity t public pen space, including Lammas Park t the nrth, Gunnersbury Park apprximately 1.4 km (0.9 miles) t the east and Elthrne Park c.1.6 km (1.0 mile) t the west. The prperty is well served by public transprt and has a PTAL rating f 4. Nrthfields Undergrund statin (Piccadilly line) is lcated almst directly ppsite the site and prvides direct services t the West End (Piccadilly Circus - 25 minutes) and King s Crss (33 minutes). A bus stp is situated at the entrance t the site, prviding services t the surrunding area and wider Lndn. Crssrail In additin t existing transprt cnnectins, the site is situated apprximately 1.6 km (1.0 mile) suth f West Ealing statin which will perate Crssrail (Elizabeth Line) frm 2019, with up t 10 services an hur. Sme f the key jurney times frm West Ealing statin are shwn belw: Heathrw (13 mins) Paddingtn (12 mins) WEST EALING Osterley Lck Tttenham Curt Rad (17 mins) Bnd Street (15 mins) Canary Wharf (29 mins) Liverpl Street (22 mins) Lammy Park Nrthfields Statin The Fields Cffee Shp

4 Orin Park Nrthfield Avenue, Nrthfields, Ealing, Lndn W13 9SJ CGI f Permitted Scheme

5 Orin Park Nrthfield Avenue, Nrthfields, Ealing, Lndn W13 9SJ N N Building A 6 Streys Building B 5 Streys Building C 4 Streys Building D 3 Streys Descriptin The bradly triangular site extends t apprximately 0.65 hectares (1.6 acres) and currently cmprises six single strey retail units frnting Nrthfield Avenue and three large buildings t the rear in light industrial, warehusing and ffice uses. There is a large area f hardstanding alng the western prtin f the site used fr car parking. Access t the site is prvided via a single pint f entry directly ff Nrthfield Avenue via a vehicular ramp / stepped pedestrian rute, which slpes dwnwards frm east t west. The site is bund t the east by Nrthfield Avenue, the suth by the Piccadilly line railway and t the nrth west by the rear f residential prperties with frntages nt Belsize Avenue, May Curt and Jeffersn Clse. Planning The prperty falls within the jurisdictin f the Lndn Brugh f Ealing. The site is nt lcated within a cnservatin area and is nt listed. The site benefits frm a planning cnsent dated 02/02/18 (Ref FUL) fr the fllwing develpment: Cnstructin f fur buildings ranging in height frm tw t six streys cmprising 76 residential units (Use Class C3), flexible retail space (Use Class A1 / A2) (at grund flr f the building frnting Nrthfield Avenue), ffice space (Use Class B1) (at grund and lwer grund flr f the building frnting Nrthfield Avenue), landscaping, access and servicing, car parking and assciated wrks (fllwing demlitin f existing buildings). The develpment will be subject t Mayral CIL at a rate f 35 per sq m. This rate will be subject t inflatin using the natinal All-In Tender Price Index f cnstructin csts published by the Building Cst Infrmatin Service (BCIS) f the Ryal Institutin f Chartered Surveyrs. The prpsed develpment will be subject t the fllwing financial bligatins as utlined in the Sectin 106 agreement: Financial Obligatin Sum Lcal educatin infrastructure 216,000 New transprt infrastructure 72,000 Travel plan mnitring 3,000 Pst-cnstructin energy mnitring 7,076 Lcal healthcare infrastructure 70,000 Carbn ffsetting 97,380 Air quality mnitring 10,000 TOTAL 475,456 In additin t the abve financial cmmitments, the sectin 106 als requires the prvisin f a 3 year car club membership as residents cannt apply fr a lcal car parking permit.

6 Orin Park Nrthfield Avenue, Nrthfields, Ealing, Lndn W13 9SJ The Prpsed Develpment The cnsented scheme by Rlfe Judd Architects cmprises fur new buildings, ranging in height frm 3 t 6 streys. Building A (frnting Nrthfield Avenue) is mixed-use cmprising retail and ffice space at grund and lwer grund flr levels and 22 residential units. Buildings B, C and D cmprise 28, 16 and 10 residential units respectively at grund flr level and between 2 and 4 flrs abve. The apprved scheme incrprates the fllwing key elements: Demlitin f the existing buildings and cnstructin f fur new buildings t prvide flexible retail space (Use Class A1 / A2), ffice space (Use Class B1) and 76 residential units (52 private and 24 affrdable units). 52 private residential units, cmprising 5 x studi, 19 x 1-bed, 18 x 2-bed and 10 x 3-bed apartments. 24 affrdable units: 12 intermediate husing units, cmprising 3 x 1-bed, 7 x 2-bed and 2 x 3-bed units. 12 affrdable rent units, cmprising 2 x 1-bed, 4 x 2-bed and 6 x 3-bed units. Prvisin fr 25 car parking spaces and 138 duble stacker cycle-stands. CGI f Permitted Scheme

7 Orin Park Nrthfield Avenue, Nrthfields, Ealing, Lndn W13 9SJ Prpsed Accmmdatin Schedules A table summarising the ttal Grss Internal and Net Saleable / Net Internal Areas by use and tenure is set ut belw: Type N. f units GIA (sq m) GIA (sq ft) NSA / NIA (sq m) NSA / NIA (sq ft) Private residential 52 4,366 46,996 3,366 36,232 Affrdable units 24 2,467 26,555 1,818 19,569 Retail , ,099 Offices , ,781 TOTAL 76 8,050 86,651 6,009 64,681 A schedule f the prpsed accmmdatin by building is set ut belw: Building A Use Apartments GIA (sq m) GIA (sq ft) NSA / NIA (sq m) NSA / NIA (sq ft) Private Residential , ,593 Affrdable Residential 20 2,065 22,228 1,555 16,738 Retail , ,099 Office , ,781 TOTAL 22 3,440 37,029 2,528 27,211 Building B Use Apartments GIA (sq m) GIA (sq ft) NSA / NIA (sq m) NSA / NIA (sq ft) Private Residential 24 1,958 21,076 1,570 16,899 Affrdable Residential , ,831 TOTAL 28 2,360 25,403 1,833 19,730 Building C Use Apartments GIA (sq m) GIA (sq ft) NSA / NIA (sq m) NSA / NIA (sq ft) Private Residential 16 1,380 14,854 1,020 10,979 TOTAL 16 1,380 14,854 1,020 10,979 Building D Use Apartments GIA (sq m) GIA (sq ft) NSA / NIA (sq m) NSA / NIA (sq ft) Private Residential , ,760 TOTAL , ,760

8 Orin Park, Nrthfield Avenue, Nrthfields, Ealing, Lndn W13 9SJ Prminent West Lndn Residential Develpment Opprtunity Title & Tenure The prperty is fr sale freehld and is subject t the fllwing tenancies: Address Tenant Rent (p.a.) Lease Start Lease Expiry Ntes 226/228 Nrthfield Avenue Syed Hashim Str 12,000 p.a. (frm 25/03/18) 13/04/17 24/03/22 Outside L&T Act Mutual break ptin at any time frm 01/03/18.(Landlrd t give 6 mnths ntice). 20k (inclusive f VAT) cmpensatin payable t tenant if break ptin exercised. 234 Nrthfield Avenue Mr P McClskey 9,000 p.a. 25/03/99 24/03/19 Inside L&T Act Landlrd t serve a Sectin 25 ntice n the tenant n 25/03/2018 t terminate the lease n redevelpment grunds. Orin Park (Industrial) Meller Hldings Ltd 250,000 p.a. Varius Break ptins exercised fr 30/04/18 Varius Leases. Outside L&T Act Vacant pssessin t be delivered n 30/04/18. VAT Mst f the prperty is elected fr VAT. It is envisaged that the main part f the prperty will be sld n TOGC basis. Methd Of Sale The site will be sld by way f infrmal tender (unless sld prir). EPC EPC reprts are available n the datarm. Viewings Viewings are strictly by appintment; please cntact the sle selling agents t make an appintment. Further Infrmatin Further infrmatin, including prpsed drawings, technical and legal dcumentatin, is available at: Cntact Rbert Pllck Harry Wentwrth-Stanley Darren Arnld rpllck@savills.cm hwstanley@savills.cm darnld@savills.cm Imprtant Ntice Savills, their clients and any jint agents give ntice that: 1. They are nt authrised t make r give any representatins r warranties in relatin t the prperty either here r elsewhere, either n their wn behalf r n behalf f their client r therwise. They assume n respnsibility fr any statement that may be made in these particulars. These particulars d nt frm part f any ffer r cntract and must nt be relied upn as statements r representatins f fact. 2. Any areas, measurements r distances are apprximate. The text, phtgraphs and plans are fr guidance nly and are nt necessarily cmprehensive. It shuld nt be assumed that the prperty has all necessary planning, building regulatin r ther cnsents and Savills have nt tested any services, equipment r facilities. Purchasers must satisfy themselves by inspectin r therwise. Designed and Prduced by Savills Marketing: February 2018