WESTERN AVENUE NORTH ACTON, LONDON, W3 0PU PROMINENT WEST LONDON DEVELOPMENT OPPORTUNITY SET TO BENEFIT FROM CROSSRAIL Aerial image of site looking east EXECUTIVE SUMMARY • Prominent development opportunity in North Acton, West London. • The cleared site extends to approximately 0.8 hectare (2 acres). • Approximately 300 metres south of North Acton Underground station (Central Line) and 450 metres north of Acton Main Line station (London Overground & Elizabeth Line/Crossrail). • Planning consent granted for a 3 to 9 storey building comprising 149 units and a 90 space basement car park. • Total NSA 10,209 sq m (109,893 sq ft). • 30% Affordable Housing provision (44 units) – 100% Discounted Market Rent. • The site has benefitted from a series of pre-application design team meetings with Ealing Borough Planners for a 9,13, and 32 storey tower scheme comprising 380 units (Total GEA 38,000 sq m) and a reduced basement car park. • For sale freehold with vacant possession. Line for indicative purposes only A404 Maida Vale REGENT’S PARK A40 NORTH ACTON A5 BRITISH MUSEUM Wormwood Scrubs Marylebone CENTRAL PORTOBELLO Paddington MARKET LONDON Notting Hill EALING ACTON West Ealing BROADWAY MAINLINE Shepherd’s Bush A40 OXFORD ST PAULS STREET CATHEDRAL A4020 ACTON CENTRAL MARBLE A4020 ARCH WESTFIELD A406 HYDE PARK A4127 Acton Town SHOPPING South Ealing CENTRE KENSINGTON PALACE Boston Manor A402 BUCKINGHAM Waterloo ROYAL LONDON EYE Kensington PALACE ALBERT HALL GUNNERSBURY M4 PARK VICTORIA & ALBERT MUSEUM A4 A302 South Kensington A201 2 Gunnersbury A3 Earl’s Court Hammersmith LAMBETH 1 QUEEN’S A4 PALACE Kew Bridge TENNIS CLUB A308 Brentford BATTERSEA Chiswick POWER STATION Fulham KEW GARDENS Battersea Isleworth A315 A307 A203 LOCATION CONNECTIVITY The site has excellent connectivity, being situated approximately 300 metres south of North Acton The site is situated in North Acton, an established residential location in West London that Underground station, providing access to the Central Line with journey times of 19 minutes to Bond Street. forms part of the London Borough of Ealing. The area is undergoing regeneration with the The site is also just 450 metres north of Acton Mainline Overground station providing direct services to Elizabeth Line (Crossrail) set to open in 2022, a catalyst for on-going investment to the area. Paddington station in 6 minutes. Acton Mainline Overground station is set to benefit from the Elizabeth Line The prospect of shorter travel times to central and wider London is a key driver for value which will provide services to Bond Street (9 minutes) and Liverpool Street (16 minutes) (Source: TfL) growth in the area. The Property also has excellent road access being adjacent to the A40, linking to the North Circular (A406) The largest regeneration project in London is underway at Old Oak Common, just a short and multiple major motorways including the M40 and M25. distance to the North, where high speed services of HS2 is set to transform the area into one of the best connected residential districts in London. THE ELIZABETH LINE (CROSSRAIL) The area has evolved into a vibrant hub to work, live and socialise with a broad range of Stratford (25 mins) Shenfield amenities, businesses and retail, including Imperial College London. North Acton itself provides access to everyday amenities including supermarkets, restaurants, cafes and gyms. It Hayes & Acton Tottenham Reading Harlington Mainline Paddington Court Road Liverpool Street (16 mins) is also well positioned to benefit from the amenities of Chiswick, Ealing and Shepherds Bush. West London is also home to the best connected shopping destination, Westfield Shopping Centre, located in White City, just 2 miles to the east of the site. Ealing Broadway Bond Street (9 mins) Farringdon Whitechapel The green spaces of North Acton Playing Fields and Wormwood Scrubs are only a short walk Heathrow (18 mins) away, while the site also benefits from being within close vicinity of the green open spaces Canary Wharf (23 mins) Woolwich provided by Acton Park, Ealing Common and Gunnersbury Park. DESCRIPTION The site currently comprises a cleared and vacant 0.8 hectare (2 acres) site. The site is bound to the east by the A40 and WHITE CITY Horn Lane and to the west by the terraced ACTON NORTH CITY OF LONDON houses on Cloister Road and Park View. MAINLINE ACTON OLD OAK COMMON COMMON OLD OAK WESTFIELD LONDON WESTFIELD WORMWOOD SCRUBS WORMWOOD Aerial Image of the site (May 2020) Western Avenue Aerial Concept View (2019) - North Acton Cluster NORTH ACTON REGENERATION PORTAL WAY, NORTH ACTON This site is situated on the A40 adjacent to the Portal Way regeneration area which is set to be home to the tallest buildings in West London, as highlighted below. Scheme Developer Status Principle Use No. No. Hectares Density Units Storeys (Units per Ha) 1 Rehearsal Rooms HUB Group Complete Build to Rent 153 18 0.21 729 Q2 2017 2 The Perfume Factory Imperial Complete Student Housing 603 31 0.72 838 South College London Q3 2020 3 One West Point City & Under Residential 701 54 0.58 1209 Docklands Construction 4 The Verdean Mount Anvil Under Residential 990 24 2.30 430 Construction 5 Vardon Close TFL Under Co-Living 335 8 0.44 761 Construction 6 Holiday Inn Al Dau Planning Residential 702 57 0.30 2340 4 Portal Way Development Granted Q1 2020 7 The Portal Citrus Group Planning Residential 350 36 0.25 1400 Granted Q4 2020 8 2 Portal Way Dephna Group Planning Residential 380 35 0.35 1086 Granted Q1 2018 9 The Perfume Factory Essential Living Planning Built to Rent 376 25 0.44 855 North Granted Q1 2021 10 Carphone Warehouse Imperial Planning Residential 764 32 1.39 550 PROPOSED HS2/CROSSRAIL 1 Portal Way College London Granted Q4 2015 OLD OAK STATION 11 Castle Pub Tide Under Co-Living 462 32 0.11 4200 Consultation P A R K NORTH ACTON W R D O A E Y S A O 1 R T L E R R A O I N R A A D O V T C E I V N 11 U E O 9 L 3 7 D O 0 10 0 A 0 K 4 A C WORMWOOD 2 O M SCRUBS PARK M D A O 6 O R N 8 M L A R A A F N 4 E 0 S E L A W E N A L ROAD L OE N N R O H W E S T E R N A V E N U 5 E ACTON 4 CGI of pre-app scheme with other consents in the distance (2019) MAINLINE EAST ACTON CONSENTED SCHEME TOWN PLANNING The property falls within the jurisdiction of the • Total of 149 residential units AREA SCHEDULE London Borough of Ealing and is not located within • 105 Private Units a Conservation Area. • 44 Affordable Units (30%) – 100% Discounted Market Rent tenure. ACCOMMODATION SCHEDULE BY FLOOR Planning was granted on 31st January 2018 for REF16612FUL: • The permission is not subject to an affordable BLOCK A BLOCK B BLOCK C BLOCK D TOTAL GIA SQ M TOTAL GIA SQ FT “Redevelopment to provide a three to nine storey housing viability review. building comprising 149 residential units; associated B PARKING, CYCLE STORAGE & PLANT 3,565 38,374 access from Park View, basement parking, • 90 car parking spaces within the basement. G 10 7 6 3 2,639 28,406 landscaping and a green corridor to Western 1st 12 10 6 3 2,710 29,170 Avenue and Horn Lane (Departure Application)” • 254 secure cycle spaces 2nd 12 10 6 3 2,710 29,170 • 4 blocks ranging in height from 3 to 9 storeys • The permission is a 5 year consent and therefore 3rd 4 8 5 3 1,822 19,612 valid until 30th January 2023. 4th 2 5 5 3 1,376 14,811 5th 4 3 3 840 9,042 6th 4 3 3 840 9,042 7th 3 281 3,025 8th 3 281 3,025 Total 40 48 40 21 17,064 183,677 ACCOMMODATION SCHEDULE BY TENURE NO. STOREYS NO.UNITS NSA SQ M NSA SQ FT Private Sale Block A 4 40 2,746 29,559 Block B 6 48 3,325 35,794 Block C 8 17 1,261 13,571 Total Private Sale 105 7,332 78,924 CGI - Consented Scheme Affordable - Discounted Market Rent Block C 8 23 1,659 17,858 Block D 6 21 1,218 13,110 Total DCR 44 2,877 30,969 FLOORPLAN Total 10,209 109,893 CIL S106 The proposed development will be subject to The planning permission is subject to the following indexed CIL contributions, chargeable on the net index-linked financial contribution as outlined in additional floorspace at the following rate: the Section 106: • Mayoral CIL: £602,048.97 • Total financial contributions up to: £753,892.51 Western Avenue CGI (2019) - Concept View FURTHER DEVELOPMENT POTENTIAL The site is in a prominent gateway position and offers a landmark architectural opportunity which will contribute to the cluster of tall buildings adjacent, which have achieved heights of up to 57 storeys. Opportunity exists to enhance the existing consent through value engineering such as removing the basement parking and adding further storeys to the current massing configuration. Alternatively, there is an opportunity to intensify the massing through a comprehensive redesign. The site has been subject to a number of pre- application design team meetings with LB Ealing in 2018 and 2019, relating to revised proposals for the site designed by award winning architects, Farrells. The most recent iteration of the scheme discussed proposes approximately 380 units in a development of between 6 and 32 storeys in height, extending to approximately 38,000 sqm GEA.