THE BRICk WORKS RESIDENTIAL DEVELOPMENT OPPORTUNITY PETERSFIELD AVENUE, SL2 5DN

A DEVELOPMENT BY The Brickworks, Petersfield Avenue, Slough SL2 5DN | Residential Development Opportunity 2

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INVESTMENT SUMMARY ­­ Freehold residential development ­­ Planning Permission for the ­­ Providing 29 affordable housing ­­ Offered with the benefit of vacant opportunity demolition of existing buildings and units (subject to review mechanism) possession ­­ Located in Slough town centre less redevelopment of 155 apartments and 164 car parking spaces ­­ Offers are invited by noon on than 500m from Slough Railway providing 9,717 sqm (104,594 sqft) ­­ Total Site area approximately 0.53 Wednesday 14th December 2016 station ( due in 2019) NSA of residential accommodation hectares (1.32 acres) over four to seven storeys The Curve The Brickworks, Petersfield Avenue, Slough SL2 5DN | Residential Development Opportunity 3

Heart of Slough Regeneration

New Bus Station

Slough Station (future Crossrail station)

Boundaries for indicative purposes only.

LOCATION

Slough lies within and is an active centre for business and Slough station lies less than 500 metres (0.2 miles) from the entrance Amenities available on Slough High Street include the Observatory industry in the heart of the M4 Thames Valley corridor. The town of to the site and provides direct trains to Reading (15 minutes), London Shopping Centre with retailers such as Marks and Spencer and Windsor is located approximately 4.8 km (3 miles) south, while Junction 6 (20 minutes) and Oxford (40 minutes) , with connections Debenhams. There are numerous other national retailers, restaurants and of the M4, located approximately 3.2 km (2 miles) to the south, provides providing further services to the South West and Midlands. supermarkets as well as museums and public houses. easy access to London 35 km (22 miles), Reading 32 km (20 miles) and Maidenhead 14 km (9 miles). Slough Bus Station lies south of the train station and provides bus services to Heathrow, Uxbridge, Maidenhead and High Wycombe. Stoke Poges

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A R NR M T H E E K D R RN R The Brickworks, Petersfield Avenue, Slough SL2 5DN | Residential Development Opportunity D RD D T R E S 4 B G U M D R A R N N H H B L

A ED S M NB E U U E B R U L C GH K G N NGH AE A M A P E George Green Burnham E K

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The site benefits from excellent transport links, being located within 500m of A C K S

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RC P T A Slough Railway station which will benefit from the new Crossrail connections ME EN P

H M AM L E from 2019. Crossrail is Europe’s largest infrastructure project and is set to N A L R G provide a new high frequency, high capacity railway servicing 40 stations Slough N S A E R L improving the east/west link for London and the South East. An estimated 200 Station LL D NG T million passengers are expected to travel on Crossrail each year. The Crossrail N S route will run from Reading in the west to Shenfield and Abbey Wood in the East T Langley M4 LANGLE RD via a number of stations including Slough, Heathrow, Paddington, Bond Street, Station Liverpool Street, Canary Wharf and Stratford. Major improvement works were carried out on Slough railway station prior to the 2012 Olympic games including a new forecourt, footbridge and lifts to L D R N each platform as well as a new ticket office and facilities. Further infrastructure D Eton ick R N R development is now taking place to incorporate the Elizabeth Line services, S D D which will enable direct journeys into Central London stations including Bond N Street (32 minutes), Liverpool Street (39 minutes) Canary Wharf (46 minutes) E as well as excellent direct services to (17 minutes). T N R In addition to Crossrail the Western Rail Access to Heathrow (WRAtH), a D brand new direct rail link between the west of England and Heathrow Airport M4 is expected to begin in 2017 and scheduled for completion in 2021. Despite Eton being less than seven miles from Heathrow, Slough’s residents currently indsor Eton have a journey time of 35 minutes by bus or a 45 minute journey by train to Riverside Station indsor Eton London Heathrow, this will be reduced to 17 minutes by Crossrail in 2019 and Central Station Datchet indsor D is anticipated to reduce further to just 6 minutes in 2021 through the provision Station R Not to scale. For indicative purposes only. H N R of the WRTAtH. T T R N D H R R RT H DED D D R S CROSSRAIL E C AN D R R F Reading A E Shenfield L Twyford H Brentwood T Horton U Maidenhead Harold Wood S Gidea Park RD S D Taplow A N A Sunnymeads Romford Burnham E LB Overground L ER T T R Station Chadwell Heath SLOUGH S D 32 mins 39 mins Goodmayes Langley West Hayes & Ealing Bond Tottenham Liverpool Seven Kings Iver Drayton Harlington Hanwell Broadway Paddington Street Court Road Farringdon Street Whitechapel Stratford Forest Gate ld indsor Ilford Southall West Central Acton Bakerloo Central Central Circle Central District Central Maryland Overground Manor Ealing District Main Line Circle Jubilee Northern Hammersmith Circle Hammersmith Jubilee Wanstead Park Park District & City Hammersmith & City DLR Metropolitan Hammersmith & City Overground Overground & City Trains to Metropolitan Trains to Gatwick Northern Southend Trains to Overground 17 mins Luton Trains to 46 mins Southend Terminals 2 & 3 Trains to Canary Wharf Stansted Heathrow Airport Piccadilly Jubilee Trains to DLR Terminal 5 Custom House DLR Terminal 4 Woolwich Piccadilly DLR Woolwich Arsenal Abbey Wood The Brickworks, Petersfield Avenue, Slough SL2 5DN | Residential Development Opportunity 5

LOCAL DEVELOPMENT, REGENERATION AND SURROUNDING AREA Boasting close proximity to the capital and Heathrow Airport, it is clear why Slough has been identified for significant investment and is home to such a large number of businesses. Contributing approximately £8billion to the national economy, double the UK average, Slough is the third most productive town in the UK.

(Source: Slough Chamber of Commerce) The regeneration project known as ‘The Heart of Slough’ (HoS) is a large scale urban development plan created to capitalise on the towns strengths. The project focuses on the creation of a commercial quarter covering an area of approximately 3 hectares comprising a mixed use development. It is expected to provide 1,600 new homes and 70,000 square metres of Grade A office space over the next six years, in addition to retail, leisure and cultural space. The ‘HoS’ project has already commenced with the new bus station which was completed in May 2011 and the new centre known as ‘The Curve’ which consists of a library, arts and performance space, café, museum as well as a dedicated learning space and IT facilities which opened at the beginning of September 2016. This regeneration project has brought significant infrastructure investment to the town over the years and is now attracting both commercial and residential developers and investors. It is expected that approximately 1,800 permanent jobs will be created and 1,000 of these will be attributed to the Brunel Place development which will provide 358,000 sqft of office space, the first phase of which is due to be completed by 2018. Located between London and the Thames Valley, Slough is surrounded by some of the most picturesque and affluent towns and villages of Berkshire, including Windsor, Eton, Ascot and Henley, all of which are only a couple of miles away and provide easy access to country life. Windsor castle is accessible by car within 10 minutes while Royal Ascot and Windsor Racecourse are both accessible within 20 minutes. There are also an array of surrounding parks and green open spaces as well as numerous golf courses including Stoke Park golf and country club.

Location Drive Time Windsor 13 minutes Eton 12 minutes Ascot 26 minutes Heathrow Airport 20 minutes Central London 1h 2 minutes The Brickworks, Petersfield Avenue, Slough SL2 5DN | Residential Development Opportunity 6

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DESCRIPTION PLANNING TERSFIELD AVENUE

1 0 The site lies to the north of Slough town Detailed planning consent was granted on 27th September 2016

39 centre, south of Petersfield Avenue and under application reference P/06348/011, for the demolition of to 4 32 0 to 47 1 to ta 12 b S measures approximately 0.53 hectares the existing buildings and the erection of a part four, part seven 1 Su 4 to 20 Lion House El

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3 (1.32 acres). The property currently storey building and part five, part seven storey building. The

o Headington t

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Place 2 comprises Lion House, two modern office redevelopment comprises 155 residential units (9 x studios, 57 7

1 o 3 t buildings in the eastern half of the site, and x one bed, 88 x two bed and 1 three bed) spread across three 2 a builders depot to the west. The property blocks providing approximately 9,717 sqm (104,594 sqft) NSA.

is bounded by residential development to Depot Noble Court

4 6 Mast the north, west and south which comprise This is divided into 126 private units providing approximately 2

1 7,790sqm (83,852sqft) NSA and 29 (19%) affordable one o 4 t o 6 1 t two storey houses and apartment blocks 1 9 Council Yard of 4-7 storeys. The site is bounded by Mill and two bedroom dwellings, located in Block A providing 5

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approximately 1,927sqm (20,742sqft) NSA. This affordable 8 o t Street industrial estate to the east. 1

has been allocated as 100% social rent through the S106 M IL L S agreement, subject to a viability review mechanism. T R EE

T 4 TENURE The planning consent provides 164 basement and ground floor 1 The property is held Freehold. car parking spaces, landscaping and private amenity space. A schedule of the proposed accommodation is provided below.

2 A Community Infrastructure Levy has not yet been implemented within 1 9 El Sub Sta

18 Crown1 to 136 Copyright - licence no. 100018190. Based on Ordnance Slough Borough Council and we understand that Section 106 costs for o t

LexingtSurveyon Apartm e2014.nts Not to Scale - For Identification3 Purposes Only. 6 the site total £527,180 subject to a viability review mechanism. 1 1 to 25 28 to

PROPOSED SCHEDULE OF ACCOMMODATION

No of Number of Approximate Area (NSA) Beds Private Units Affordable Units (SqM) (Sq Ft) Studio 9 0 405 4,359 1 bed 48 9 2,974 32,012 2 bed 68 20 6,247 67, 24 3 3 bed 1 0 91 980 Total 126 29 9,717 104,594

We understand that the total residential GIA of the development is 12,316 sqm (132,569 sqft) excluding basement and plant area which we understand to comprise an additional 3,598 sqm (38,729 sqft). Full planning documentation including the Design and Access Statement, Decision Notice, Section 106 Agreement and legal information can be found within the information pack. Computer generated image The Brickworks, Petersfield Avenue, Slough SL2 5DN | Residential Development Opportunity 7

PROPOSED FLOORPLANS

20 20 20 PETERSFIELD PETERSFIELD PETERSFIELD

AVENUE AVENUE AVENUE

10 10 10

A.G.5 4 existing A.1.7 A.3.7 40 to 47 car parking 40 to 47 40 to 47 32 to 39 spaces 32 to 39 32 to 39

A.G.4 A.1.6 A.3.6

A.1.8 A.3.8

A.G.6 A.G.3 A.1.5 A.3.5

24 to 31 24 to 31 A.1.9 24 to 31 A.3.9 Lobby 17 17 17 to to to 23 23 23

A.G.2 EL SUB A.1.4 A.3.4 STA

A.1.1 A.3.1

A.G.1 A.1.3 A.3.3 Noble Court Noble Court A.1.2 Noble Court A.3.2

B.1.9 B.3.9 B.G.7 B.1.8 B.3.8 C.G.1 C.1.3 C.3.3

10 car C.1.2 C.3.2 parking spaces C.3.1 14 C.1.1 14 to C.G.2 14 to C.1.4 to C.3.4 9 to 12 16 9 to 12 16 9 to 12 16

B.G.6 B.1.7 B.3.7 C.G.3 C.1.5 C.3.5 Lobby

B.1.1 B.3.1

B.G.1 B.1.2 B.3.2 Lobby

1 to8 B.G.5 1 to8 B.1.6 1 to8 B.3.6 C.1.13 C.3.13 MILL STREET C.G.4 C.1.6 MILL STREET C.3.6 B.G.2 MILL STREET B.1.3 B.3.3 C.1.12 C.3.12 C.G.5 C.1.7 C.3.7 B.G.4 B.1.5 B.3.5 B.G.3 B.1.4 B.3.4

C.G.9 C.1.11 C.3.11 C.G.6 C.1.8 C.3.8 14 14 14

C.G.8 C.1.10 C.3.10 C.G.7 C.1.9 C.3.9

Ground Floor First and Second Floor Third Floor 12 12 12

20 20 163 to 189 20 163 to 189 163 to 189 PETERSFIELD PETERSFIELD PETERSFIELD

AVENUE AVENUE AVENUE

10 10 10

32 to 39 40 to 47 32 to 39 40 to 47 32 to 39 40 to 47

24 to 31 A.4.2 24 to 31 24 to 31

17 17 17 to to to

23 23 23

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A.4.1

B.5.3 B.6.3

B.4.10

B.4.9 Noble Court B.4.11 Noble Court B.5.4 Noble Court B.6.4

B.4.12 B.5.5 B.6.5 B.4.8 C.4.3

C.4.2

C.4.1 C.5.1 C.6.1 14 to C.4.4 14 to C.5.2 14 to C.6.2 9 to 12 16 9 to 12 16 9 to 12 16

B.4.7 C.4.5 C.5.3 C.6.3 B.5.1 B.6.1 B.4.1

B.4.2

1 to8 1 to8 C.5.10 1 to8 C.6.7 C.4.13 B.5.2 B.6.2 B.4.6 C.4.6 C.5.4 C.6.4 MILL STREET B.4.3 MILL STREET MILL STREET

C.4.12 C.4.7 C.5.5 C.6.5 B.4.5 B.4.4 C.5.9 C.6.6

C.4.11 C.4.8 C.5.6 14 14 14

C.4.10 C.5.8 C.4.9 C.5.7

Fourth Floor Fifth Floor Sixth Floor 12 12 12

163 to 189 163 to 189 163 to 189 The Brickworks, Petersfield Avenue, Slough SL2 5DN | Residential Development Opportunity 8

LEGAL FURTHER INFORMATION The site is owned freehold by the vendor under registered title For further information please contact: BK310530 and BK214664. The purchaser should consider the title information contained in the information pack and take Savills Allsop advice from a legal professional. Ed Keeling Anthony Dixon [email protected] [email protected] SERVICES +44 (0) 1189 520 507 +44 (0) 20 7344 2625 Rob Pollock Andrew Boyd Purchasers are advised to make their own enquiries with the [email protected] [email protected] supply companies in respect of their specific requirements. +44 (0) 20 7409 8114 +44 (0) 20 7344 2609 Nathalia Gorvin Richard How VIEWINGS [email protected] [email protected] +44 (0) 1189 520 520 +44 (0) 20 7344 2652 External site viewings can be undertaken unaccompanied. However, if you require full access please contact Richard How (020 7344 2652) or Ed Keeling (01189 520 507) to arrange an appointment. Neither the vendors nor their agents will be responsible for any damage or loss caused to any potential purchasers, their agents or consultants whilst on site. OFFERS Unconditional offers are sought via informal tender for the freehold by 12 noon on Wednesday 14th December 2016. The vendor reserves the right not to accept the highest or any other offer. INFORMATION PACK An electronic information pack is available upon request. VAT The property is VAT elected. Important Notice Savills, their clients and any joint agents give notice that: LOCAL AUTHORITY 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These Slough Borough Council, particulars do not form part of any offer or contract and must not be relied upon as statements or Landmark Place, High Street, representations of fact. Slough, SL1 1JL 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any Tel: 01753 475111 services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. https://www.slough.gov.uk/ Designed and Produced by Savills Marketing: 020 7499 8644 | November 2016