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Western Avenue, Park Royal CONCORD RD TO A406 NORTH CIRCULAR, WEMBLEY, A40/M40 & M4 ALLIANCE RD A40 WESTERN AVENUE TO CENTRAL LONDON FOR SALE PRIME INDUSTRIAL DEVELOPMENT SITE Renault London West, Concord Road Western Avenue, London W3 0TE 4.81 acres (1.95 hectares) 1 FOR SALE – PRIME INDUSTRIAL DEVELOPMENT SITE RENAULT LONDON WEST, CONCORD ROAD, WESTERN AVENUE, LONDON W3 0TE Contents 2 FOR SALE – PRIME INDUSTRIAL DEVELOPMENT SITE RENAULT LONDON WEST, CONCORD ROAD, WESTERN AVENUE, LONDON W3 0TE INTRODUCTION This is an exceptional West London site with ready potential for a change of use to high density Industrial development located in one of London’s premier industrial zones. The objective is to secure a disposal of this asset and secure cash receipts by the end of 2020 with the ability to have a leaseback for up to two years, and a longer term presence at the property for Renault Retail Group (RRG) as part of a redevelopment of the property. Highlights are: A40 WESTERN AVENUE Easy accessibility Striking prominence to the A40 ALLIANCE RD Western Avenue with 76,000 traffic movements per day Located within the Old Oak Common and Park Royal CONCORD RD Development Corporation jurisdiction Proximity to the major Crossrail (Elizabeth Line) and HS2 transport links 4.81 acres (1.95 hectares) of development land in one of London’s most keenly sought after industrial locations 3 FOR SALE – PRIME INDUSTRIAL DEVELOPMENT SITE RENAULT LONDON WEST, CONCORD ROAD, WESTERN AVENUE, LONDON W3 0TE TO WATFORD & MILTON KEYNES LOCATION TO WATFORD M1 & M1 A406 EDGWARE M25 The site is located in West London within the London Borough of Ealing fronting HARROW 1 M40 A1 A10 the A40 Western Avenue, 10 kms (6 miles) west of Central London and 0.5 kms TO HIGH WYCOMBE A406 & OXFORD 16 A40 WEMBLEY A41 STRATFORD (0.3 miles) from the Hanger Lane intersection between the A40 and the A406 UXBRIDGE A40 North Circular Road providing access to the M1, M3 & M4 motorways. Junction TO SLOUGH & MAIDENHEAD A312 EALING A40 HAYES A406 LONDON A13 16 of the M25 is 16 kms (6 miles) to the west. Fronting the busy A40 which has A4 SOUTHALL ACTON M4 15 4 3 M4 2 A4 76,000 traffic movements per day. Park Royal is the site of London’s largest TO SLOUGH A4 A4 & MAIDENHEAD HEATHROW industrial area. The area is associated with several industries including food & 14 AIRPORT A3 A316 A30 drink suppliers, transport & logistics companies, and television/film companies. 13 A308 A23 M25 1 The property is well served by public transport with West Acton, Park Royal, and A308 BROMLEY 12 M3 North Ealing underground stations all within close proximity, together with A3 Acton Main Line railway station (a Crossrail station). Several bus routes pass in M3 WEYBRIDGE CROYDON A3 front of the site. TO FARNBOROUGH & BASINGSTOKE EPSOM The site enjoys prominent frontage onto the A40 Western Avenue and is 10 WOKING M25 bounded by Alliance Road to the east and Concord Road to the west, both of TO SEVENOAKS which provide access to the westbound carriageway of the A40. Immediately to A3 7 M25 the east is West Five Retail Park, let to B&Q & Wren Kitchens. To the south and TO GUILDFORD & PORTSMOUTH west of the site are various predominantly industrial and distribution operators M23 TO GATWICK AIRPORT including John Lewis and The Post Office/Parcelforce reflecting the quality of R A the location from an occupational perspective. A new JLR dealership lies L CU A IR B C B immediately to the west. The Royale Leisure Park, anchored by a Vue Multiplex E H Y T R N D D R EY Cinema, Pizza Hut and McDonalds is also located nearby. ABB A406 D R E FO N Y A W L T N TO C A A40 HANGER LANE RENAULT LONDON WEST CONCORD ROAD N RD ATIO P WESTERN AVENUE RON A CO R K H LONDON W3 0TE R A O N Y A G L E R R W D E L D ST C A ER U O N K A N PARK K A D N E L V R E E E N L A ROYAL S C I I R D O A R O A R N D T L D C C A E NORTH VI R V R 0 D A40 ACTON E D 0 0 4 A Y A D W DS R G FIEL ORTH IN N A406 R R O C E IV R E WEST D N A N L ACTON O X A N NORTH S R O EALING L RD H NOE RD ENS ACTON QUE 4 FOR SALE – PRIME INDUSTRIAL DEVELOPMENT SITE RENAULT LONDON WEST, CONCORD ROAD, WESTERN AVENUE, LONDON W3 0TE DESCRIPTION N The site to be sold currently comprises a large workshop, a modern purpose built front extension housing a car showroom, and 491 surface car parking spaces. The workshop is brick built around a steel frame under a steel clad inter-connected pitched roof with an eaves height of 5.25m/17 ft. The showroom area to the front of the site has glazed elevations around a steel frame under a steel clad roof. Whilst the title to the property comprises 5.52 acres (2.23 Hectares) the net developable area is 4.81 acres (1.95 hectares) representing a site density of 41%. This reduced site area excludes half of Concord Road and the A40 slip road running across the front of the site as shown by brown colour on the plan below. The red verge on the plan opposite shows the net developable area. The main customer entrance to the site is at the front of the showroom off Concord Road, although there are several other points of access from here and from Alliance Road to the east. The site is to be sold freehold with vacant possession following an initial leaseback for up to two years, with RRG having the option to lease back approximately 6,000 sq m/1.5 acres of accommodation. NET DEVELOPABLE AREA 4.81 ACRES (1.95 HECTARES) 5 Ordnance Survey © Crown Copyright 2020. All Rights Reserved. Licence number 100022432 Plotted Scale - 1:1250. Paper Size - A4 FOR SALE – PRIME INDUSTRIAL DEVELOPMENT SITE RENAULT LONDON WEST, CONCORD ROAD, WESTERN AVENUE, LONDON W3 0TE ACCOMMODATION The existing property comprises a car dealership containing a large duel franchise showroom for Renault and Nissan, workshop, parts warehouse, offices, used car display and parking. Floor Area Breakdown SQ FT SQ M Ground Floor Renault Showroom 11,060 1,027.48 Renault Offices and Ancillary 1,174 109.04 Nissan Showroom 5,933 551.17 Nissan Offices and Ancillary 2,906 269.97 GT Showroom 1,271 118.11 Used Car Sales Office 1,412 131.18 Parts 12,969 1,204.86 Workshop 18,389 1,708.42 Workshop Ancillary 1,916 177.98 Valet Bay 3,858 358.45 Bodyshop 16,605 1,542.63 Van Workshop 4,851 450.69 First Floor Workshop Ancillary 1,454 135.09 First Floor Offices and Ancillary 3,123 290.18 TOTAL 86,922 8,075 Car Parking Spaces Number of Spaces Display Parking 259 Customer Parking 67 MOT Parking 24 Workshop and Body Shop Parking 90 Staff and General Parking 51 TOTAL PARKING 491 6 FOR SALE – PRIME INDUSTRIAL DEVELOPMENT SITE RENAULT LONDON WEST, CONCORD ROAD, WESTERN AVENUE, LONDON W3 0TE PLANNING The Renault London West site falls within the Old Oak Common & Park Royal Development Corporation area, London and the UK’s largest regeneration site. Park Royal is one of the most sought after industrial locations in London with a limited availability of land. Nearby Old Oak Common is to be developed as a major office and residential hub, above a major new railway station on the new Birmingham to London HS2 line bringing Central London within a 10 minute journey and Birmingham within a 40 minute journey in 2026. In turn this will link in with the Elizabeth Line (Crossrail) at Acton Main Line TO HANGER LANE, A406 NORTH CIRCULAR, station providing access to the West End of WEMBLEY, A40/M40 London also within 10 minutes. & M4 There is a general lack of supply of development PARK ROYAL land and this development squeeze is engendering OLD OAK COMMON & PARK ROYAL a need to make an intensive use of sites and DEVELOPMENT CORPORATION AREA entering into new development models for industrial and warehouse property. Park Royal is identified as Strategic Industrial Land (SIL). This designation is aimed at protecting sites from loss CONCORD RD of employment to residential use. ALLIANCE RD Given its location, prominence, and accessibility this property offers the chance for a higher density of development, including consideration to multi-level. A40 WESTERN AVENUE OLD OAK COMMON – 8 MINS PLANNED MAJOR OFFICE/ RESIDENTIAL HUB AND MAJOR NEW RAILWAY STATION 7 FOR SALE – PRIME INDUSTRIAL DEVELOPMENT SITE RENAULT LONDON WEST, CONCORD ROAD, WESTERN AVENUE, LONDON W3 0TE DATA ROOM & FURTHER INFORMATION Environmental A select group of companies with an established pedigree are invited to submit According to the Environment Agency Flood Map, this property is in Flood Zone 1 offers for the acquisition of this property. which has a low probability of flooding. A data room is to be made available containing: In 1935 the site was first identified as automotive works in the historic plans and • Environmental survey (a letter of reliance will be available) prepared by URS by 1988 the site had been developed to a stage much as it looks today. Reportedly (Aecom) the site has been owned by Renault since 1905.
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