CGI of permitted scheme
25 TREGO ROAD Hackney Wick, London E9 5HJ
Mixed-use development opportunity with planning consent in Hackney Wick, East London. 25 Trego Road Hackney Wick, London E9 5HJ 2
EXECUTIVE SUMMARY LOCATION The site is located on Trego Road, Hackney Wick, in the London Borough of Tower Hamlets and within the jurisdiction of the • A mixed-use development opportunity London Legacy Development Corporation (LLDC). located in Hackney Wick, East London. Hackney Wick and Fish Island has a flourishing entertainment and business community with a permanent residential • A 0.2 hectare (0.49 acre) site comprising population growing through the redevelopment of many sites in the area. Queen Elizabeth II Olympic Park, Westfield Shopping an existing warehouse building and yard Centre and Stratford are to the east of Hackney Wick and can be reached on foot over new bridges or one stop on the Overground. Victoria Park can be accessed via a footbridge to the west, and has a boating lake, formal gardens, sports pitches fronting Trego Road. and hosts some of London’s best music festivals. • The property is approximately 200 The site benefits from excellent transport links, with Hackney Wick London Overground station approximately 200 metres to metres from Hackney Wick London the north. The station has undergone improvement works, provides services to Stratford and Highbury & Islington which have Overground station. connections to the underground network. There are numerous bus routes in the area with services to central London and East and North London destinations. • Detailed planning permission for 52 residential apartments (34 private) with a net saleable area of 3,403 sq m (36,630 sq ft) and 1,808 sq m (19,461 sq ft) of commercial (use Class B1) over ground and lower ground floors. Stratford Station - Tube • For sale freehold with vacant possession. / Overground and DLR Stratford International Train Station
Hackney Wick Overground Station
CGI of permitted scheme Aerial image of site 25 Trego Road Hackney Wick, London E9 5HJ 3
DESCRIPTION The site extends to approximately 0.2 hectares (0.49 acre) and is occupied by a part-one, part-two storey building of approximately 1,475 sq m (15,877 sq ft) GIA and yard space. It is bounded by Trego Road to the north, and on all other sides by a site known as the Wickside (or McGrath) site. Planning permission has been passed for a hybrid application for the redevelopment of the Wickside site. This development will provide up to 475 residential units and more than 10,000 sq m of commercial space, along with a new canal-side park. A new road, Allanmouth Road, in the Wickside scheme will form the southern boundary with 25 Trego Road.
Caveat - not to scale Aerial image of site 25 Trego Road Hackney Wick, London E9 5HJ 4
PLANNING The site is in the London Borough of Tower Hamlets within the jurisdiction of the London Legacy Development Corporation. It is not within a Conservation Area, nor are there any statutory or locally listed buildings on the site. Planning permission (REF: 17/00225/FUL) has been consented for: “Demolition of the existing building and erection of a new building ranging between one and six storeys in height to provide 1,915sqm (reduced to 1,808 sqm) of commercial floorspace (Use Class B1) at ground and lower-ground floor level and 52 residential units (Use Class C3) on the upper floors, together with associated landscaped public open space, communal amenity terraces, cycle parking and refuse stores.” A planning committee report dated 22 May 2018 contains a CIL liability estimate of £338,115.
Apartment Mix
1 BED 2 BED 3 BED TOTAL Private Sale 17 13 4 34 Affordable Rent 4 1 1 6 London Living Rent 2 2 2 6 Shared Ownership 3 3 - 6 Total 26 19 7 52
RESIDENTIAL NSA SQ M SQ FT Private Sale 2,208 23,769 Affordable Rent 377 4,057 London Living Rent 455 4,897 Shared Ownership 363 3,907 Total 3,403 36,630
COMMERCIAL GIA SQ M SQ FT Lower Ground Floor 1,107 11,915 Ground Floor 701 7,545 Total 1,808 19,460 CGI of permitted scheme 25 Trego Road Hackney Wick, London E9 5HJ 5
WICKSIDE MASTERPLAN
Landscape plan (produced by BUJ Architects) Aerial image of site 25 Trego Road Hackney Wick, London E9 5HJ 6
METHOD OF SALE FURTHER The property is for sale freehold with vacant INFORMATION possession by way of informal tender (unless sold prior). Further information relating to the property and the proposed scheme is available at: www.savills.com/25tregoroad VAT The property is not elected for VAT. CONTACT For further information please contact: VIEWINGS The site can be viewed from the public highway. Darren Arnold If you require an internal inspection of the [email protected] property then please contact the sole selling 020 7409 9926 agents to make an appointment. Alex Soskin [email protected] 020 7409 9993
Sean Cooper [email protected] 020 7409 9948
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. CGI of permitted scheme Designed and Produced by Savills Marketing: 020 7499 8644 | October 2018