1 COMMERCE ROAD Brentford TW8 8LE

CGI for indicative purposes only

West London Residential Development Opportunity 1 Commerce Road Brentford TW8 8LE 2

OPPORTUNITY SUMMARY • Residential led development opportunity in Brentford, West London. • 0.22 hectare (0.54 acre) site currently comprising an industrial building with an art deco style façade. • Approximately 1.1 km (0.7 miles) south of Brentford Station, providing overground services to London Waterloo in 32 minutes (source: National Rail). • For sale freehold. • Full planning permission for a mixed use scheme totalling 7,650 sq m (82,348 sq ft) GIA, comprising the following key components: • 76 residential units with a total NSA of 5,035 sq m (54,203 sq ft) • 134 sq m (1,442 sq ft) NIA ﬂexible industrial, research and development or office ﬂoor space (Use Class B1a, B1b, or B1c) • 26 car parking spaces

CGI for indicative purposes only 1 Commerce Road Brentford TW8 8LE 3

LOCATION DESCRIPTION Commerce Road is situated in Brentford, West London in the London Borough of Hounslow. The broadly rectangular shaped site extends to approximately 0.22 hectares (0.54 acres) and currently comprises a former industrial building with an Art Deco style façade. A range of local amenities can be found along Brentford High Street offering a number of cafes, public houses and a large Morrison’s supermarket, situated approximately 0.7km (0.5 Access to the site is provided off Commerce Road through either a secure access gate or an miles) east of the site. opening in the wing of the retained facade. Brentford is an area of West London currently experiencing a period of significant The site is bound to the north by Arbor House, a modern 5 storey residential block forming regeneration. The site has the opportunity to connect to the wider Brentford Lock West part of the Brentford Lock West development. To the east of the property is Durham Wharf (BLW) masterplan, with Phase 1 located next to the site. Ballymore’s Brentford Waterside Drive, beyond which is a 6 storey Holiday Inn Hotel and a 4 storey residential block. To the scheme, which started construction in December 2018, is also in close proximity and is set to west the property fronts on to Commerce Road, beyond which are a number of low rise provide up to 800 new homes. workshops and offices. The property benefits from being in close proximity to the Grand Union Canal and the River Thames and has access to public open space including Boston Manor Park, Syon Park, Osterley Park, Gunnersbury Park and Royal Botanical Gardens, Kew all within 4 km (2.5 miles) of the site. The property is well served by public transport and has a PTAL rating of 3. Brentford station is located approximately 1.1 km (0.7 miles) north of the site, providing overground services to London Waterloo in 32 minutes (source: National Rail). There is a bus stop situated at the entrance of the site, serviced by the E3 bus which provides services to the surrounding area.

PLANNING THE PROPOSED DEVELOPMENT The property falls within the jurisdiction of the The consented scheme by DLA Architecture comprises two blocks, up to 7 storeys in height. Block A (fronting Commerce Road) is London Borough of Hounslow. The site is not located mixed-use and comprises a commercial unit at ground floor level with a total NIA of 134 sq m (1,442 sq ft) and 46 private residential within a conservation area, nor does it contain any units with a total NSA of 2,970 sq m (31,971 sq ft) over floors 1 to 6. Block B comprises 30 affordable units with a total NSA of 2,065 sq listed buildings. m (22,232 sq ft) over floors 1 to 5 with a mixture of shared ownership and affordable rented units. The site benefits from a planning consent dated 10th The approved scheme proposes the retention and restoration of the Art Deco façade fronting Commerce Road and construction of January 2019 (Ref: 00297/H/P13) for the following two new buildings behind, comprising the following key elements: development: • 46 private units comprising, 24 x 1 bed, 19 x 2 bed and 2 x 3 bed apartments. “Redevelopment of the site involving the retention, • 30 affordable units: restoration and alteration of the existing Art Deco • 21 intermediate housing units, comprising 10 x 1 bed, 7 x 2 bed and 4 x 3 bed apartments. facade, demolition of the remainder of the buildings on the site and redevelopment to provide a five to • 9 affordable rent units, comprising 4 x 1 bed and 5 x 3 bed apartments. seven-storey building comprising 76 flats and 138 • Flexible commercial unit (Use Class B1a, B1b, or B1c) at ground foor level. square metres of flexible industrial, research and • 26 covered car parking spaces and 120 cycle parking spaces at ground foor level. development or office floorspace in use classes B1a, B1b, or B1c, with associated parking and landscaping”. The development will be subject to Mayoral CIL at a rate of £35 per sq m and Hounslow borough CIL rates of £110 per sq m for residential uses and £20 per sq m for all other uses. It should be noted that the vendor believes that CIL relief is applicable on the affordable housing foorspace and the existing building, as it has been lawfully occupied in line with CIL relief requirements. Interested parties are advised to make their own enquiries in relation to this matter. The proposed development will be subject to financial obligations outlined in the Section 106 agreement, currently calculated to be as follows:

FINANCIAL OBLIGATION SUM Carbon Offset Contribution £99,298 Construction Training Contribution £55,000 Open Space Contribution £30,000 Council’s Monitoring Fee £11,718 Council’s Planning Services £2,800 Total £198,816

CGI for indicative purposes only 1 Commerce Road Brentford TW8 8LE 5

PROPOSED ACCOMMODATION SCHEDULES A table summarising the total Gross Internal and Net Saleable / Net Internal Areas by use and tenure is set out below:

NSA / NIA NSA / NIA TYPE NO. OF UNITS GIA (SQ M) GIA (SQ FT) (SQ M) (SQ FT) Private residential 46 3,817 41,089 2,970 31,971 Affordable units 30 2,772 29,833 2,065 22,232 Commercial space - 139 1,493 134 1,442 Total 76 6,728 72,415 5,169 55,645

A schedule summarising the residential unit mix is set out below:

NSA / NIA TENURE BEDS NO OF UNITS NSA / NIA (SQ M) (SQ FT) 1 24 1,228 13,214 2 19 1,458 15,695 Private 3 3 284 3,062 Sub Total 46 2,970 31,971 1 10 544 5,859 2 7 496 5,341 Shared Ownership 3 4 360 3,879 Sub Total 21 1,401 15,079 1 4 214 2,299 2 0 0 0 Affordable Rented 3 5 451 4,854 Sub Total 9 665 7,153 Total 76 5,036 54,203

TITLE The property is for sale freehold. The property is currently occupied, but vacant possession can be secured prior to completion of the sale.

METHOD OF SALE The site will be sold by way of informal tender (unless sold prior). CGI for indicative purposes only 1 Commerce Road Brentford TW8 8LE 6

VAT CONTACT The property is elected for VAT. For further information please contact: Robert Pollock VIEWINGS [email protected] Viewings are strictly by appointment; 020 7409 8114 please contact the sole selling agents to make an appointment. Harry Wentworth-Stanley [email protected] 020 7016 3873 FURTHER Emily Oliver INFORMATION [email protected] Further information, including 020 7409 8855 consented drawings, technical and legal documentation, is available at: www.savills.com/commerceroad

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, and 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 | February 2019

CGI for indicative purposes only