Victoria Works

VICTORIA WORKS

WANDSWORTH RIVERSIDE, SW18

OUTSTANDING RIVERSIDE RESIDENTIAL DEVELOPMENT OPPORTUNITY VICTORIA WORKS SUMMARY

AN OUTSTANDING RIVERSIDE RESIDENTIAL DEVELOPMENT OPPORTUNITY IN THE HEART OF THE WANDLE DELTA

A UNIQUE OPPORTUNITY TO PURCHASE ONE OF THE FINAL DEVELOPMENT SITES IN THIS EXCLUSIVE ENCLAVE OF RIVERSIDE REGENERATION

- 1.02 acre (0.41 hectare) freehold site - Situated in an idyllic enclave of recently completed development between the River Thames, the River Wandle and Wandsworth Park - Wandsworth Town Station is just over 5 minutes on foot - Existing offices and warehouses extending to 40,722 sq ft GIA - Allocated for residential-led mixed-use development - Currently let to 8 tenants, generating £291,375 pa - Vacant possession deliverable in June 2017, providing ample time to secure detailed planning permission - Offers are invited for the freehold and long leasehold interests, subject to the existing tenancies

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18 VICTORIA WORKS LOCATION

VICTORIA WORKS, 9, 11 AND 19 OSIERS ROAD, SW18.

Victoria Works is located to the north of Wandsworth Town in the Wandle Delta, close to the point at which the River Wandle meets the River Thames.

Once an area of industrial significance, the area has made way for wholescale redevelopment to produce high quality residential accommodation in an extremely popular location. Victoria Works provides the final sizeable opportunity to develop within this tranquil riverside location.

The site is perfectly located to enjoy all that the local area has to provide and residential amenities are abundant within close proximity. The Thames Path offers riverside walks and idyllic cycling opportunities whilst Southside shopping centre, cinema and restaurant complex is situated just 7 minutes walk from the site. Wandsworth Park lies just 200m to the west and King George’s Park within 600m to the south, together providing over 80 acres of recreational open space.

Wandsworth is seeing an emergence of boutique shops, restaurants and bars and with the ongoing redevelopment of the Ram Brewery, the first phase of which is due to complete in Autumn 2017, the area is about to change beyond recognition.

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18 VICTORIA WORKS LOCATION A

FULHAM A3220 A308

PARSONS GREEN BATTERSEA 05 A32 BATTERSEA PARK ROAD 4 IMPERIAL R 0 I 3 V A WHARF E R T H RIVER A M WALK YORK ROAD E S A3003 PUTNEY PUTNEY BRIDGE BRIDGE WANDSWORTH MORTLAKE BRIDGE A3209 CLAPHAM 5 VICTORIA WORKS JUNCTION A20 R

I WANDSWORTH North WANDSWORTH V A3 E TOWN Sheen A205 PUTNEY PARK R

A N D CLAPHAM COMMON L EAST PUTNEY E

3 9 A 1 2

A TRINITY ROAD 2 1

RICHMOND PUTNEY KING GEORGE’S HEATH PARK A306

2 2

1 A

7 9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18 A 2 1 4 RICHMOND PARK A3

WIMBLEDON PARK Tooting Bec Common

A217

WIMBLEDON COMMON A24 A219 VICTORIA WORKS LOCATION

WANDSWORTH TOWN

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18 VICTORIA WORKS TRANSPORT

Victoria Works is situated in a well- WALKING TIME: 7 mins 11 mins connected locality with Wandsworth Town mainline station and East Putney WANDSWORTH EAST PUTNEY Underground Station both a short walk TOWN from the site. Wandsworth mainline District station is serviced regularly by trains direct to Central London, reaching MINS TRAVEL TIMES FROM WANDSWORTH TOWN: Clapham Junction in 3 minutes, and Waterloo in 16 minutes. East Putney provides regular District Line services 3 9 14 16 to Edgware Road and Upminster, as well as the rest of the London CLAPHAM VICTORIA RICHMOND WATERLOO Underground network. JUNCTION

OVERGROUND Victoria OVERGROUND Bakerloo Thames Clipper services provide Jubilee a refreshing alternative commute, Northern with Wandsworth Riverside Pier just Waterloo & City 60 seconds from the site, reaching Embankment in 32 minutes and MINS TRAVEL TIMES FROM WANDSWORTH RIVERSIDE QUARTER PIER: Blackfriars in 37 minutes.

A wide network of bus routes also service 10 25 32 37 the roads close to the site, providing ST GEORGE access to Greater London (Richmond, CHELSEA HARBOUR EMBANKMENT BLACKFRAIRS WHARF Putney, Balham and Wimbledon) as well as Central London (Clapham Junction,

MINS TRAVEL TIMES FROM EAST PUTNEY: Battersea and Victoria).

Vehicular access is provided by Osiers 14 20 21 22 26 27 Road which feeds into Putney Bridge Road and the local road network, HIGH ST EARL’S COURT connecting Wandsworth to Fulham KENSINGTON SLOANE SQUARE NOTTING HILL GATE PADDINGTON VICTORIA via Putney Bridge and Chelsea via District Circle Circle Central Bakerloo Victoria Wandsworth Bridge. The A3 major Piccadilly District District Circle Circle Circle arterial road just 400m south of the site District District District heads eastward into Central London, and Hammersmith & City westwards to the M25, providing access to the wider national motorway network.

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18 Victoria Works, Osiers Road, London, SW18 1NL VICTORIA WORKS DESCRIPTION

VEN S A 1 ELD TFI

Riverside House 1 to 34 Severn Ho

6.7m 26 1 to 83

Witham House

3 1 to 33 1

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3 13 0 Avon House 5 AY PRISE W 40 ENTER

32 8

9 4

1 Ken

3 3

1 O

o Wye House 2 SI 8 1 to 62 ER Clyde House S El R Sub O AD Sta

5.8m

11 Goods Shed 9

1 to 32 1c

1d b 1 5.7m

0m 10m 20m 30m Cycle Hire Station SITUATION EXISTING BUILDINGS CR Ordnance Survey © Crown Copyright 2015. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250 The site extends to 1.02 acres (0.41 hectares) and forms a reverse `L’ shape The current accommodation comprises B1 offices, B2 light industrial and B8 This plan is published for the convenience of within an island of land bounded by Osiers Road to the north, east and south. storage/distribution,identification in all only extending and although to believed40,722 to sq be ft GIA. To the west, the site abuts the Radius development by Taylor Wimpey, due to correct is not guaranteed and it does not form any part of any contract. © Crown Copyright. complete in Q4 2015. The existing buildings,All rights ofreserved. one and Licence two Number storeys, LIG0074. are predominantly brick built with both flat and pitched roof elements. Vehicular access is provided to Osiers Road to the north, east and south west corner of the site.

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18 VICTORIA WORKS TENANCIES

TENANCIES GIA Total GIA LEASE EXPIRY INSIDE L&T TENANT ADDRESS ACCOMMODATION INCOME (sq.ft) (sq.ft) (BREAK) 1954 Act Units 1 and 2 9,717 Aug- 20 £54,500 A Fitness Model Limited 9 Osiers Road, SW18 4NL 10,862 No - The existing accommodation is let to Building 2 1st Floor 1,145 (Jun-17) eight separate tenants, generating an Bernard Thorp & Co Part Unit 1 Building 1 Gr Floor 3,444 9,535 £73,300 11 Osiers Road, SW18 1NL June 17 Yes annual income of £291,375 pa. Limited Unit 1 Building 2 Gr Floor 6,091 Unit 1 Building 1 1st Floor (part) 1,904 6,237 Mar 16* Linton Fuel Oils Limited 11A Osiers Road, SW18 1NL Mezzanine Yes £47,000 4,333 Mar 16* - Vacant possession can be obtained in Part 1 Unit 1 Building 1 Gr Floor June 2017, providing an ideal window Unit 1 Building 6 Part Gr Floor 236 £6,180 Lindsey Balkwill 19 Osiers Road, SW18 4NL 925 Jun 17 No to secure detailed planning consent. Unit 1 Building 6 1st Floor 689

Vacant 19 Osiers Road, SW18 4NL Unit 1 Building 6 Part Gr Floor 450 450 - - - All leases and associated documents Angelito Sarmiento are available to download from the Nov 19 £23,456 (T/A Pit Stop and 19 Osiers Road, SW18 4NL Unit 1 Building 5 Gr Floor 2,952 2,952 No (Jun 17) data room. Tops Tyres) Bassline Productions Nov 19 £12,999 19 Osiers Road, SW18 4NL Unit 2 Building 5 Gr Floor 1,178 1,178 No Limited (Jun 17) Unit 1 Building 3 Gr Floor 3,267 3,267 Jun 17 Yes £28,240 Jamb Limited 19 Osiers Road, SW18 4NL Unit 3 Building 3 Gr Floor 5,316 5,316 May 17 No £45,700 London Power Net- 11 Osiers Road, SW18 1NL Sub station Dec 28 Yes - works PLC

TOTALS 40,722 £291,375

* Deed of surrender effective 31.03.2016

* * Powder White Limited have signed a five year lease on Unit 1, Building 1, part ground, 1st floor and mezzanine commencing 01.04.2016 with a mutual break in June 2017. This will produce an additional annual rent of £24,500 pa

The above areas are approximate and have not been verified. A plan indicating each tenant’s location is included within the data room.

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18 VICTORIA WORKS PLANNING

PLANNING

The London Borough of Wandsworth’s Site Specific Allocations Document (SSAD) allocates the site for mixed use development including residential, replacement employment floorspace and improved links with the town centre.

Core Strategy Policy PL9 encourages a wider mix of uses at focal points of activity along the riverside including restaurants, cafes, bars and small-scale retail. It is therefore envisaged these uses will form the replacement employment floorspace at ground floor, as is currently being delivered in the adjoining development to the west.

The SSAD specifically references the provision of new connections through the site as set out in the Area Spatial Strategy, interlinking with the adjacent development to the west. These new connections, together with the existing frontages to Osiers Road should be defined by active frontages. The Spatial Strategy therefore largely dictates the block layout of the redeveloped site.

In terms of height, the SSAD states the site is sensitive to tall buildings, and the height at which development in this location will be considered tall is 9 storeys. The adjoining DEVELOPMENT CONTEXT Victoria Works neighbours the Taylor Wimpey Radius development to the west, which also has the same development to the west which will deliver 152 residential designation in terms of height within the SSAD, extends The immediate area has seen wholescale dwellings of which 114 are private tenure. The scheme is to 8 storeys plus basement. The recently completed residential-led redevelopment in recent years. The catalyst expected to complete in Q4 2015 and 97% sold out at the blocks directly to the east of the site, which also have for change was Riverside Quarter by Frasers Property, date of publishing. the same designation in terms of height within the SSAD, comprising 504 units and ground floor commercial. The extend to nine storeys plus basement along Osiers Road. final phase is currently under construction with the latest To the east of Osiers Road is Barratt London’s Osiers block expected to complete in Q4 2016. development which was completed in Q4 2013 and In addition, the car park immediately to the south of the comprises 275 residential units and ground floor site has recently been granted planning permission for 10 commercial including Sainsbury’s Local. storeys above ground.

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18 VICTORIA WORKS PLANNING

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18 VICTORIA WORKS FURTHER INFO

TITLE VENDOR DATA ROOM OFFERS

The Freehold and Long The interests are owned and Further technical, legal and Offers are to be invited on an Leasehold interests are held managed separately by planning information is informal tender basis on a under Titles TGL123919 and i) Russell-Cooke Trust available to download from subject-to-planning and/or SGL29358. Company (Freehold) the data room at unconditional basis. ii) Trident Holdings VAT Investments Limited (Long Leasehold) Interested parties must The Freehold interest is not register their interest on the elected for VAT. The Long data room to ensure they Leasehold interest is elected receive updates throughout for VAT and it is envisaged it the marketing period, will be sold as a Transfer of including document amends Going Concern (TOGC). and the bid pro-forma.

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18 VICTORIA WORKS CONTACT

DISCLAIMER

JLL and SHW for themselves and for the vendors or lessors of this property whose agents they are, give notice RICHARD PLANT PETER DAY that:-a. the particulars are set out as a general outline only for guidance and do not constitute, nor constitute part 020 8662 2718 020 7399 5263 of, an offer or contract; b. all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise; c. no person in the employment of JLL or SHW has any authority to make or give any representation or warranty whatever in relation to the property; d. Any images may be computer generated. Any RICHARD PILLOW SONNY DAWES photographs show only certain parts of the property as they appeared at the time they were taken. 020 8662 2720 020 7087 5679 © 2015 Jones Lang LaSalle IP, Inc and Stiles Harold Williams Partnership LLP