DUNCAN HOUSE Stratford High Street London E15 2JB
30,000 sq ft D1 Educational Space
020 7409 5108 EXECUTIVE SUMMARY DUNCAN HOUSE STRATFORD HIGH STREET LONDON E15 2JB
STRATFORD CITY AND THE QUEEN ELIZABETH OLYMPIC PARK IS ONE OF THE MOST EXCITING REGENERATION PROJECTS IN THE WHOLE OF LONDON AND ONE WHICH HOLDS SIGNIFICANT RELEVANCE TO EDUCATIONAL INSTITUTIONS.
• GIA 29,417 sq ft • D1 Educational space • Delivery August 2019 • 5 mins walk from Stratford Underground and Train Station • 1 min walk from the Stratford High Street DLR • Fitted out to shell & core condition • Located on Stratford High Street
www.somersproperty.co.uk LOCATION & SITUATION
LOCATION W 118 es A t e Stratford is located within the London Borough of Newham, which has ld "LONDON'S CENTRE OF GRAVITY IS CLEARLY A a recorded population of nearly 350,000 people and is 4 miles (6.4 km) ve east of the City of London and 6 miles (9.7 km) from the West End. MOVING EAST AND IT IS RIGHT THAT Stratford y a CULTURE AND EDUCATION SHOULD BE w ad The legacy of the 2012 Olympic Games has witnessed a dramatic AT THE HEART OF THIS NEW Stratford Underground ro Stratford Bus Station B transformation of Stratford creating a major metropolitan METROPOLITAN CENTRE." DLR centre with education, culture, employment and residents at it's core. DLR
l C t o S li Accessibility to public transport, shopping facilities, cafés, restaurants and Aquatics Centre t l d MAYOR OF LONDON, SADIQ KHAN a E R d t R i th bars mean the development could not be more ideally placed. s o or on n w b S ld b t A t i e G e r t S
l o C o t P h t S 2 an an t ry 1 S B LOWER CLAPTON A t Stratford t d S Park d DLR for R Stratford High St DLR tch p Pi o o STRATFORD L DUNCAN HOUSE St A B aul 1 u P 1 r 2 W f d o r R t d p e R p e d u r J t S h Cam R ig d W H D a d a r w to r n fo n R t d a C r r Queen Elizabeth t e S W s is e d Olympic Park R R d k Rd ar an P Asl a ri A114 to ic V West Ham Park LONDON STADIUM DLR DUNCAN HOUSE IS IN AN ENVIABLE DUNCAN HOUSE LOCATION, IDEALLY SUITED TO A 21ST Victoria Park R in CENTURY STUDENT. iv 5 m e r A L 11 e 2 SITUATION
a DLR Duncan House is situated less than 500m east of the Queen Elizabeth Olympic Park and the new culture and education district. The building is on Stratford High Street and bordered by Ward Road to the south, Jupp Road West to the west BOW 10 min and Lett Road to the North.
A prime location with excellent accessibility to public transport, parks, cultural activities, shopping facilities, cafés, restaurants and bars. DLR East London Stratford High Street DLR Station is almost opposite, and the facilities Crematorium & Cemetry of Westfield Shopping Centre, the Stratford Centre and Stratford Station Queen Mary A11 are only a 5 min walk away. The Stratford Picture House, Vue Cinema, the University Queen Elizabeth Park and Stratford’s many cultural zones offer students an exciting lifestyle. Of London Tower Hamlets A11 Cemetry Park COMMUNICATIONS
STRATFORD IS ONE OF LONDON’S BEST CONNECTED TRANSPORT HUBS, FURTHER IMPROVED WITH THE INTRODUCTION OF THE ELIZABETH LINE (CROSSRAIL).
With more train connections than Waterloo at peak, access to all major airports in less than 60 minutes, and the introduction of the Crossrail, Stratford is an extremely well connected area of the city.
NATIONAL RAIL SERVICES
Stratford International Station is served by the UK's only high-speed domestic commuter line, High-Speed 1, offering a 7-minute direct journey to London St Pancras, for connections with Eurostar, and direct connections from Stratford International to stations in Kent and East Anglia
CURRENT JOURNEY TIMES
Kings Cross St Pancras 7 minutes
Liverpool Street 8 minutes
Canary Wharf 11 minutes ELIZABETH LINE THE ELIZABETH LINE (CROSSRAIL)
City Airport 15 minutes In May 2019 the Elizabeth Line (Crossrail) will call at Stratford delivering a high frequency, high capacity service from East to West London and beyond. The Elizabeth Line is London’s largest infrastructure project in over 150 years and Oxford Street 19 minutes is set to increase London’s rail capacity by 10% upon completion, bringing an extra 1.5 million people within a 45 minute commute of Central London.
Heathrow Airport 58 minutes STRAT ORD SHEN IELD INS ACTON BOND INS LONDON RAIL SOUTHALL AIN LINE STREET ARRIN DON HITECHAPEL
HAN ELL EALIN PADDIN TON TOTTENHA LIVERPOOL The area is spoilt for Underground, Overground and Dockland Light READIN CUSTO BROAD AY INS COURT ROAD STREET HOUSE Railway (DLR) Stations providing regular services throughout London. ABBEY OOD Stratford Underground/Train Station is served by the Central and Jubilee CANARY OOL ICH HAR Lines, and also provides regular Overground services to London Liverpool INS LONDON CITY AIRPORT Street.
HEATHRO The DLR has stations at Stratford Station and Stratford International and INS the nearby Stratford High Street, providing direct links to Canary Wharf and London City Airport. COMMUNICATIONS (CONT'D)
STRATFORD'S CONNECTIVITY IS NOT LIMITED TO RAIL, IT'S ALSO ONE OF THE CITY'S PRIME SPOTS FOR CYCLING, RUNNING AND WALKING, WITH MORE THAN 300 BIKES AVAILABLE FOR HIRE IN AND AROUND QUEEN ELIZABETH OLYMPIC PARK.
ROAD SERVICES AIRPORT SERVICES
Road links to central London from Stratford are excellent via the A11 and Stratford is located ideally for London City Airport, just 15 A13. The A12 connects the Blackwall Tunnel to the North Circular, which minutes away on the DLR and less than an hour from London Gatwick, in turn connects to the M11, M25 and the wider UK motorway network. Heathrow and Stansted airports.
BUS SERVICES
Stratford is a major bus hub offering frequent services to all parts of the City. Stratford Bus Station and Stratford City Bus Station are both located within close proximity to Stratford Station and close to the entrance of Westfield Stratford City.
CYCLE
There are more than 300 bikes available for hire in and around Queen Elizabeth Olympic Park. Cycle Superhighway 2 provides a safe, fast and direct cycle route connecting the area to the city in less than 25 minutes. CULTURE & EDUCATION
STRATFORD IS A RICH CULTURAL CENTRE WITH SOCIAL CONNECTIONS AT IT'S HEART
THE AREA IS LONDON'S LARGEST CULTURAL AND EDUCATIONAL DISTRICTS TO BE CREATED IN 100 The V&A East are planning a £25m collection and YEARS, HOUSING SOME OF THE research centre in partnership with the Smithsonian Institution, which will weave together WORLD'S LEADING INSTITUTIONS. Newham College’s Stratford campus, just galleries, exhibition spaces, research and 900m to the east of Duncan House on entertainment and will house Welfare Road offers a huge variety of courses the first dedicated museum space in the centred around Science, Technology, UK dedicated to digital design. Engineering and Mathematics (STEM).
The Sadlers Wells'venue will inclusde a new 550-seat theatre, a choreographic University Square is a unique partnership school, a hip-hop academy and flexible between Birkbeck, University of London and space for the research, development the University of East London. and production of dance work It is a joint vision of two distinguished and As part of the Government's £151m investment for complementary institutions to create the East Bank Development at the Olympic park, a major new university campus to part of this will be the new home for meet the growing aspirations of local people the London College of fashion from 2022. at a time of great change and opportunity in east London.
TheBBC who will be joining the East Bank scheme with a new home for the Six 21 is a dynamic sixth form college and part BBC Symphony Orchestra & Chorus of School 21, a state funded and BBC Singers. innovative school for children aged 4-18, is situated just east of Duncan House. CULTURE & EDUCATION
LSB offers a variety of undergradu- ate, post graduate and MBA programs amongst other courses based around a UCL’s expansion into East London will be the broad range of business subjects. LSB’s largest in the university’s 200 year history. UCL campus is less than 500m to the east of East will be situated on the Queen Elizabeth Duncan House. Here East believe the future is built on discovery, play and Olympic Park ,with the first phase expected to access to space and expertise. Alongside their education hubs open in September 2021, accommodating and digital spaces Studio Wayne McGregor some 4,000 students and 260 academic staff. have created a perfectly choreographed masterpiece, designed by interior architecture firm We Not I.
The Stratford Theatre Royal and the Stratford Circus are both award winning arts venues showcasing some of the best theatre, comedy and arts from all over the world.
The London Legacy Development Corporation expects to create 3,000 Loughborough University London are also jobs1.5 million additional visitors part of the Here East collective of innovators and £2.8 billion of economic value and creative makers and have established to Stratford and the surrounding their post graduate centre there. area in the years to come. DEVELOPMENT
PLANNING The marketed area of Duncan House has a D1 use class, which will be restricted to an education/academic use. Details of the proposed occupier will need to be submitted to the Local Planning Authority for approval prior to occupation of the unit.
As part of the s.106 agreement the tenant will be required to submit a traffic plan at least 3 months prior to oc- cupation; advice can be given on provider of this report if required. Further details of this can be found within the s.106 agreement within the dataroom.
DELIVERY SPECIFICATION The unit will be delivered to a ‘shell and core’ specification without M&E services, a full description of which can be found within the dataroom. The plans provided are indicative only, leaving the flexibility of the final layout to the occupant’s specification.
ACCOMMODATION SCHEDULE
FLOOR GIA sq m GIA sq ft
LOWER GROUND FLOOR 188 2023.6 PROPOSED DEVELOPMENT Duncan House, on a site previously occupied by University of East London, is being redeveloped as a mixed use 33 storey tower building occupying a site of just over 1 acre. Planning was granted in August GROUND 776.6 8359.2 2016 for the development of the site to provide 511 student accommodation beds (which will be owned and occupied by the University of London), 44 residential units, an education facility and an affordable workspace (B1 consent). Practical completion of the scheme and delivery of the educational space is expected by August 2019. FIRST 408.9 4401.3
D1 – EDUCATIONAL/ACADEMIC SPACE SECOND 687.7 7402.3 The educational/academic facility will extend over 4 floors from ground to 3rd floor with access into the building and front- age along Stratford High Street.
The proposed layout has been well considered for the academic use in mind with a kitchen and large break out area, IT room, THIRD 671.7 7230.1 library and offices on the ground floor. The upper floors accommodate the main teaching spaces with 24 teaching rooms of varying sizes and a double height lecture theatre which is able to accommodate up to approximately 185 people. WC facilities are provided on each floor. A small area in the basement is also demised which will contain bike racks and bin storage with 1 car parking space allocated. But please note that the Internal layouts will be flexible TOTAL 2732.9 29,416.5 according to how the end occupier wishes to use the space and the planning drawings are only an indication of a layout. Disclaimer: Accommodation schedule subject to final site measurements. It is expected that the space will be of strong interest to higher education providers, universties, colleges, schools, training and vocational colleges and any other type of educational institution. FLOOR PLANS
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D1 EDUCATIONAL SPACE DUNCAN HOUSE 2ND FLOOR 7402.3 SQ FT
D1 EDUCATIONAL SPACE DUNCAN HOUSE 3RD FLOOR 7230.1 SQ FT
D1 EDUCATIONAL SPACE FURTHER INFORMATION & CONTACTS
RATING To be assessed post practical completion of the development.
EPC To be advised.
DATA ROOM Access to the online data room containing further information will be available on request.
TERMS Leasehold terms are invited for a new lease direct from the landlord. Asking rent of £24.00 per sq ft based upon GIA. Alternatively, an offer on the basis of a long leasehold interest may also be considered.
LEGAL COSTS Each side are to be responsible for their own costs in connection with the transaction.
VIEWINGS AND FURTHER INFORMATION Viewings are to be arranged strictly through the landlords sole agents, Somers Real Estate Ltd. A dataroom as has been set up which provides further information such as:
• Planning information. • Shell and core specification. • Technical plans.
FOR FURTHER INFORMATION PLEASE CONTACT:
ALEX STANFORD-TUCK DAN TREGONING MA MRICS MRICS IMC
DIRECTOR DIRECTOR +44 (0) 20 7409 5205 +44 (0) 20 7409 5132 +44 (0) 7980 647 145 +44 (0) 7787 148 455 [email protected] [email protected]
34 South Molton Street Mayfair London W1K 5RG T: 020 7409 5108 E: [email protected] W: www.sommersstc.co.uk
DISCLAIMER: Except where specifically stated to the contrary, any information about price or value contained within this microsite is provided purely as guidance prior to a possible transaction. It does not constitute a formal valuation and may not be relied upon for any purpose whatsoever other than as marketing advice. This does not constitute any part of an offer or contract.