BELLERIVE HOUSE 3 Muirfield Crescent, London, E14 9SZ

FOR SALE FREEHOLD

View from Millwall Inner Dock

Key Highlights • An exciting opportunity to purchase a • The offices are currently partially occupied Permitted Development/ Redevelopment and provide a total existing income of opportunity in Canary Wharf, East London. £495,757 per annum. • Existing office accommodation of Bellerive • The building has the structural potential House comprises of ground plus seven to take additional floors, subject to the storeys with associated leased basement car necessary consents. parking providing 11 spaces. • The site is situated in an excellent location • Site extends to 0.065 hectares (0.1607 acres) in Canary Wharf, situated in the London Borough of Tower Hamlets. The site is • The site benefits fromPrior Approval (Ref approximately 300 metres west of the No. PA/19/00513) (approved on 1st May Crossharbour DLR station and situated 2019) for conversion of the office space to approximately 0.7 mile south of Canary provide 65 private residential units (35 x Wharf Underground Station. Studios, 21 x 1-beds and 9 x 2-beds), with a combined Net Saleable Floor Area of 2,710 • For sale freehold with tenants in situ, subject sq m (29,169 sq ft). to the current leases.

SAVILLS LONDON 33 Margret Street W1G 0JD +44 (0) 20 7499 8644 savills.co.uk Location The site is situated in an excellent location in Canary Wharf, situated in the London Borough of Tower Hamlets. The site fronts Millwall Inner Docks at the dock basin and the surrounding area is characterised by residential development, with the redevelopment of Westferry Printworks at the southern end of Millharbour and permission granted for the redevelopment of the adjacent site to provide 319 units. The proposed development will benefit from exceptional connectivity being surrounded by a wide range of transport links from nearby stations. The site has a good public transport service PTAL rating of 4. The Crossharbour and South Quay DLR Stations are approximately 300 and 600 metres from the site, whilst Canary Wharf Underground (Jubilee Line and DLR) is situated 0.7 miles north of the site. The DLR system connects Canary Wharf to the City of London and to London City Airport, which is undergoing major redevelopment and provides direct access to major European city destinations.

Existing Buildings Bellerive House is a purpose built office Ordnance Survey © Crown Copyright 2020. All Rights Reserved. building which currently provides Licence number 100022432 Plotted Scale - 1:5000. Paper Size - A4 ground plus seven storeys of Class B1 office accommodation. The site is situated immediately to the east of a data centre which was granted planning permission in December 2013 (PA/13/00803/A1). To the north is 45 Millharbour, a residential scheme recently completed under planning application PA/13/02210, and to the south is the development site, 49-59 Millharbour which was recently granted by the Planning Inspectorate in December 2018 (PA/16/03158/R). Bellerive House extends to a total of 4,777 sq m (51,416 sq ft) GIA.

Existing building taken June 2020 Existing building taken June 2020

SAVILLS LONDON 33 Margret Street W1G 0JD +44 (0) 20 7499 8644 savills.co.uk Existing building taken June 2020 Existing building taken June 2020

Bellerive House Tenancy Schedule

BELLERIVE ASSOCIATED TENANT START EXPIRY NEXT NOTICE INSIDE OR NIA (SQ RENT HOUSE CAR BREAK PERIOD OUTSIDE FT) (PER PARKING (MONTHS) THE 1954 ANNUM) ACT

Ground 0 Moving 11-Aug-15 24-Oct-26 24-Oct-21 6 Outside 4,443 £77,000 Properties Limited (guaranteed by Cherryman Ltd)

First 1 China Telecom 06-Jan-16 17-Oct-26 17-Oct-21 6 Outside 5,206 £109,328 (Europe) Limited

Second 4 China Telecom 18-Oct-16 17-Oct-26 17-Oct-21 6 Outside 5,211 £109,431 (Europe) Limited (3 months deposit)

Third 4 China Telecom 18-Oct-16 17-Oct-26 17-Oct-21 6 Outside 5,238 £109,998 (Europe) Limited

Fourth VACANT 5,197

Fifth 2 Moving 25-Oct-13 24-Oct-23 24-Oct-21 6 Outside 5,189 £90,000 Properties Limited (guaranteed by Cherryman Ltd)

Sixth VACANT 5,191

Seventh VACANT 5,216

Bellerive 11 40,891 £495,757 Total

SAVILLS LONDON 33 Margret Street W1G 0JD +44 (0) 20 7499 8644 savills.co.uk Planning The property falls within the jurisdiction of the London Borough of Tower Hamlets and does not sit within a conservation area, nor are there any statutorily or locally listed buildings on or near to the site. A prior approval application for the site was approved on 1st May 2019 (Ref no: PA/19/00513). “Application for Prior Approval under Part 3 Class O of the Town and Country Planning (General Permitted Development Order) 2015 for the change of use from Offices (Use Class B1a) to 65 residential apartments (Use Class C3).” Within the proposed development basement car parking spaces can be made available by separate negotiation. CIL & Section 106 The proposed development will not be subject to any CIL, Section 106 contributions or provide any affordable housing.

Existing building taken June 2020

SAVILLS LONDON 33 Margret Street W1G 0JD +44 (0) 20 7499 8644 savills.co.uk Proposed Ground Floor

Proposed First Floor

Proposed Second Floor

SAVILLS LONDON 33 Margret Street W1G 0JD +44 (0) 20 7499 8644 savills.co.uk Proposed Third Floor

Proposed Fourth Floor

Proposed Fifth Floor

SAVILLS LONDON 33 Margret Street W1G 0JD +44 (0) 20 7499 8644 savills.co.uk Proposed Sixth Floor

Proposed Seventh Floor

SAVILLS LONDON 33 Margret Street W1G 0JD +44 (0) 20 7499 8644 savills.co.uk 3 Muirfield Crescent Proposal Images

Site outline for indicative purposes only 15140_L11_001_01 Proposed Residential Areas Bellerive House Commercial Space

TOTAL TOTAL GIA TOTAL GIA TOTAL NSA TOTAL NSA FLOOR AREA TYPE SQ M SQ FT UNITS (SQ M) (SQ FT) (SQ M) (SQ FT) Ground Commercial 301.4 3,244 65 4,777 51,416 2,710 29,169 Unit Mix

TOTAL FLOOR AREA STUDIO 1 BED 2 BED

FLOOR UNITS NIA SQ M NIA SQ FT Number of Units 35 21 9

Ground 0 0 0 Total 65

1 9 379 4,080 Method of Sale 2 9 365 3,929 The property is for sale freehold by way of informal tender (unless sold prior). 3 9 366 3,940

4 9 362 3,897 Property Viewings The property may be inspected strictly by 5 9 364 3,918 appointment only through the Vendor’s sole selling 6 10 437 4,704 agents, Savills.

7 10 437 4,704 Further Information Total 65 2,710 29,169 A dedicated project data room has been set up and interested parties are able to register for login details at: www.savills.com/BelleriveHouse

Contact Edward De Jonge Alex Soskin Darren Arnold Eleanor Mason +44 (0) 207 016 3849 +44 (0) 207 409 9993 +44 (0) 20 7409 9926 +44 (0) 207 535 2969 [email protected] [email protected] [email protected] [email protected]

IMPORTANT NOTICE Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, published for the purposes of identification only and although believed to be correct accuracy is not guaranteed. Savills, their clients and any joint agents give notice that: 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 particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 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 services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | June 2020