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34 Wembley Hill Road, Wembley, HA9 8AD 34 Wembley Hill Road, Wembley, HA9 8AD North West London Residential Led Development Opportunity

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34 Wembley Hill Road, Wembley, HA9 8AD 34 Wembley Hill Road, Wembley, HA9 8AD North West London Residential Led Development Opportunity 34 Wembley Hill Road, Wembley, HA9 8AD 34 Wembley Hill Road, Wembley, HA9 8AD North West London Residential Led Development Opportunity CGI of proposed scheme 34 Wembley Hill Road, Wembley, HA9 8AD Summary • Landmark residential-led development opportunity located in the heart of one of London’s major regeneration areas. • Planning permission for demolition of the existing building and construction of a part 10 and part 21 storey building to provide 198 residential apartments (158 private, 15 shared ownership and 25 affordable rent) extending to 13,250 sq m (142,620 sq ft) NSA and 1,549 sq m (16,673 sq ft) GIA Retail (A1/2/3) space. • Excellent transport connections, being 100 metres north of Wembley Stadium Rail Station, 900 metres south of Wembley Park Station and approximately 700 metres east of Wembley Central Station. • Existing office building of approximately 4,988 sq m (53,690 sq ft) on a site extending to approximately 0.3 hectares (0.75 acres). • For sale freehold with vacant possession. Location Wembley is situated in north west London, approximately Transport connections are excellent. The site is 9km (5.5 miles) from the West End and 14km (9 miles) from approximately 100 metres north of Wembley Stadium the City of London. To the south and east are the areas of Station, which provides national rail services to Willesden and Neasden, whilst the suburbs of Harrow Marylebone (13 minutes). Wembley Park London Red line for indicative purposes only. and Sudbury extend to the west and north. Underground Station, 900 metres to the north provides access to the Metropolitan and Jubilee Lines, with direct Wembley Hill Road is situated in one of London’s key services to Baker Street (14 minutes), Bond Street (17 Wembley Park regeneration areas, close to the centre of Wembley and minutes), Liverpool Street (31 minutes) and Canary Wharf the site. Over the past decade Wembley has evolved (34 minutes). 700 metres to the west is Wembley Central thanks to major investment in infrastructure, transport Station, which provides access to the Bakerloo Line, and it’s retail and leisure offer. Less than 250 metres east London Overground services and National Rail services of the site is the internationally renowned Wembley into Euston (25 minutes) and through west London and on Stadium, the home of football, which hosts international to south London stations. and domestic football matches alongside a host of other entertainment events. The SSE Arena, 300 metres to the The site is well served by buses, with services running north, hosts concerts and other events and with these along Wembley Hill Road and on Wembley High Road / key venues Wembley is one of the Capital’s most visited Harrow Road (A404), approximately 200 metres south of cultural hubs. The area also enjoys extensive retail options. the site. London Heathrow Airport is approximately 13 km The London Designer Outlet has more than 50 retailers (8 miles) to the south west. and a nine screen cinema and is just 150 metres north of the site. Wembley High Road to the west of the site has Wembley Stadium all of the amenities commensurate with a major London neighbourhood. NOTE:- Reproduced from the Ordnance Survey100022432 SavillsMap (UK)with Ltd.NOTE:- Publishedthe for thepermission purposes of identification of theonly and althoughController believed to ofbe correctH.M. accuracyStationery is not guaranteed. Office.© Crown copyright licence number 34 Wembley Hill Road, Wembley, HA9 8AD Description and Situation 34 Wembley Hill Road is an L-shaped seven storey office building. The existing building extends to approximately 4,988 sq m (53,691 sq ft) GIA. There is a surface level car park and a part undercroft parking area. The site extends to approximately 0.3 hectares (0.75 acres). The site is bounded by Wembley Hill Road to the west and South Way to the south. To the north is a Holiday Inn Hotel and immediately adjacent to the east is a Hotel Ibis. Planning The site is located within the London Borough of Brent’s Wembley Growth Area, where mixed use regeneration is promoted. Wembley is identified as an Opportunity Area in the London Plan and has been allocated as a Housing Zone. This includes the provision of at least 11,500 new homes, 10,000 new jobs and 30,000 sq m of new retail floorspace. The site also lies within the Wembley Area Action Plan, in the Comprehensive Development Area. This allocates the site for redevelopment for residential or office use, including active ground floor uses onto South Way (Site Proposal W7 Mahatma Gandhi House). Planning permission (Ref: 15/4714) was granted on 29th July 2016 for: Demolition of existing office building and redevelopment to the site to provide a part 10 and part 21 storey building from podium level with 1,416sqm of A1 floorspace and 133sqm of flexible A1, A2 and A3 floorspace on the ground floor and 198 residential units (use class C3) above with car parking, communal and private amenity space, public realm improvements, landscaping and other associated works (revised description), subject to a Deed of Agreement dated 27 July 2016 under Section 106 of the Town and Country Planning Act 1990, as amended. The planning permission is subject to a Section 106 Agreement dated 27th July 2016 requiring index linked financial contributions totalling £213,175. Mayoral CIL will be charged at £35 per sq m and London Borough of Brent CIL will be charged at £165 per sq m for residential and £40 per sq m for retail uses. Both payments will be subject to indexation. The full Section 106 Agreement and CIL Liability Notices are available on the dataroom. NOTE:- 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.NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed. 34 Wembley Hill Road, Wembley, HA9 8AD Red line for indicative purposes only. 34 Wembley Hill Road, Wembley, HA9 8AD Proposed Development Summary Residential Mix The proposed scheme will comprise a mixed use Studio 1 Bed 2 Bed 3 Bed Total development providing 198 residential apartments, a 1,416 Private Sale 7 59 82 10 158 sq m (15,242 sq ft) GIA supermarket and a flexible retail unit Shared Ownership 0 7 7 1 15 providing active frontages on both sides of the building. Social Rent 0 0 16 9 25 The scheme is designed as two residential blocks of 10 storeys and 21 storeys, rising from a podium garden. The Total 7 66 105 20 198 space up to podium level will comprise the commercial units, a gym, lounge and cinema for residents use and 30 Summary Residential NSA secure car parking spaces at part-basement level along West Building East Building with refuse stores and plant. In addition to the podium Sq M Sq Ft Sq M Sq Ft garden both buildings will have a roof terrace, the east Private Sale 4,605 49,568 5,818 62,624 building will have a communal terrace at seventh floor and Private Sale Sub Total 10,423 Sq M 112,192 Sq Ft all of the apartments will have private external balconies (bar one). Many residents will enjoy far-reaching views to Shared Ownership - - 922 9,929 the west and south and towards Central London. Social Rent - - 1,904 20,499 Total 4,605 49,568 8,644 93,052 The west building (10 storeys) will be solely for private sale. A separate lobby at ground floor will provide Scheme Total 13,250 Sq M 142,620 Sq Ft access to the 21 storey east building, which will comprise the affordable residential element up to the sixth storey, Summary GIA Schedule a part intermediate / private floor on seventh and the CGI of proposed scheme Residential: Sq M Sq Ft remainder of the building above solely for private sale. West Building (Private) 5,642 60,730 East Building (Private) 7,274 78,297 East Building (Affordable) 3,580 38,535 Total 16,496 177,562 Scheme Amenity: Sq M Sq Ft Cinema 60 646 Lounge 98 1,055 Gym 215 2,314 Parking and Refuse 1,730 18,622 Other Common Parts 407 4,381 Plant 410 4,413 Total 2,920 31,431 Commercial (A1/A2/A3): Sq M Sq Ft Supermarket 1,416 15,242 South Way Retail 133 1,432 Total 1,549 16,674 CGI of proposed scheme CGI of proposed scheme Scheme Total 20,965 Sq M 225,666 Sq Ft 34 Wembley Hill Road, Wembley, HA9 8AD North West London Residential Led Development Opportunity Method of Sale and Tenure The property is for sale freehold, with vacant possession, and will be sold by way of informal tender (unless sold prior). VAT The property is not elected for VAT. Further Information Further information, including a full legal pack, can be found on the following website: www.savills.com/wembleyhillroad Viewings The site can be viewed from the public highway. The planning permission provides for demolition of the existing building. If you require an inspection of the existing building please contact the sole selling agents to make an appointment Contact Savills UK Ltd Darren Arnold Sean Cooper 020 7409 9926 020 7409 9948 [email protected] [email protected] Important Notice 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.
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