New (2021*) Tube Station

New Covent Garden Market New Battersea Power Station Tube Station (2021*) Stewarts Road Estate

Wandsworth Road Station

Nine Elms Opportunity Area Stewarts Road Queenstown Industrial Area Road Station

* Date Source: TFL

206 – 208 Stewarts Road STEWARTS ROAD ESTATE 218 – 220 Stewarts Court Battersea, London SW8 4UB 15 – 17 Clyston Street

Freehold Asset Management / Redevelopment Opportunity In Battersea, South West London Stewarts Road Battersea, London SW8 4UB 2

EXECUTIVE SUMMARY LOCATION • A 0.14 hectare (0.35 acre) freehold Stewarts Road Estate is located in from Wandsworth Road Station and London, covering 227 hectares. It extends site with short term income and full Battersea, south west London in the Northern and Victoria lines connections at from Bridge in the north, to borough of Wandsworth. Stockwell is Stockwell. Chelsea Bridge in the south, covering vacant possession available from located to the northeast of the site and the Albert Embankment, Vauxhall and November 2020. the former Battersea Power station is Transport links are set to enhance Battersea. located to the north. connectivity further, with the opening of the extension at Nine The area includes more than 20 • Currently comprises three office / interconnected development sites with warehouse buildings extending to The property benefits from good road Elms and Battersea Power Station in communication links, with the A3 being 20211 approximately 1.1 km (0.7 miles) to 16,000 new homes, 25,000 new jobs, 13,847 sq ft GIA in total, and a car 0.5 miles to the south west, providing the north and north east of the property. education, green spaces and high profile park. access south to the M25, Surrey and There are also regular bus services from visitor attractions proposed. Hampshire. Wandsworth Road. 1 Source: TFL • Located approximately 0.3 km (0.2 miles) from Wandsworth Road The local area has good public transport The Nine Elms area around Battersea is links with London Overground services the largest regeneration zone in central Station. • Approximately 1.1 km (0.7 miles) from both Battersea Power Station and Nine Elms tube stations due to open in 2021. • Potential for a number of asset management and redevelopment options, subject to planning consent. • Offers sought in excess of £4m. Stewarts Road Battersea, London SW8 4UB 3

DESCRIPTION DEVELOPMENT The site extends to approximately 0.14 hectare POTENTIAL (0.35 acre) and comprises three adjacent and separately accessed two storey buildings, and a Subject to securing the necessary consents, there surface car park. The total existing floor space is an opportunity for a variety of redevelopment or comprises approximately 12,408 sq ft NIA of office asset management opportunities. / light industrial use and associated car parking. The Please see David Walker Architects design pack property is currently multi-let on a number of short in the data room detailing a number of potential term leases and tenancies at will, with full vacant schemes. possession achievable from November 2020. A terrace of industrial units neighbours the site to the north, and there is residential to the east, south and west. Major occupiers nearby include Biffa, Big Yellow Self Storage and EMR Wandsworth. A notable nearby residential scheme includes Stuarts Lodge, east of the property, which was constructed in 2013.

206 - 208 Stewarts Road Stewarts Road Battersea, London SW8 4UB 4

PLANNING The site is located in the London Borough of Lambeth. It is not within a Conservation Area, nor are there any statutory or locally listed buildings on the site. The site is located in a designated Key Industrial Business Area (KIBA). The site is also not subject to an Article 4 Direction removing permitted development rights for a range of change of use options (i.e. office to residential). Please see the note from Savills Planning in the data room for further details.

206 - 208 Stewarts Road Stewarts Court and Car Park

Access to car park from Stewarts Road 15 – 17 Clyston Street Stewarts Road Battersea, London SW8 4UB 5

EXISTING AREA

UNIT FLOOR USE SQ FT GIA SQ FT NIA SQ FT IPMS 3 First Office 1996 1401 1446 15-17 Clyston Street Ground Warehouse 2002 N/A N/A Sub Total - 3998 1401 1446 First Office 1702 1313 1334 218 – 220 Stewarts Road Ground Office 2348 1875 1939 Sub Total - 4050 3188 3273 First Office 2807 2381 2549 206-208 Stewarts Road Ground Office 2992 2411 2466 Sub Total - 5799 4792 5015

Grand Total - - 13,847 9,381 9,734

TENANCY SCHEDULE

UNIT TENANT AREA (SQ FT) RENT (P.A.) RENT (PSF) EXPIRY TERMS OTHER

206-208 Stewarts Road Street Child 5,463 £75,000 £13.73 Aug-20 Outside the Act -

1 Stewarts Court Bag Books 2,328 £30,000 £12.89 Nov-20 Outside the Act Includes 2 x car parking spaces

2a Stewarts Court Shape Studios 567 £6,500 £11.46 - Tenancy at Will -

2b Stewarts Court Wetherby Consulting 378 £1 - - Tenancy at Will -

3 Stewarts Court Vacant 306 - - - Tenancy at Will -

4 Stewarts Court Vacant 266 - - - - -

15/17 Clyston Street GF H78 Service Limited 868 £15,000 £17.28 - Tenancy at Will -

15/17 Clyston Street GF Iren Csordas Radocz 1,134 £15,000 £13.23 Tenancy at Will -

15/17 Clyston Street 1st Floor (Unit 1) Sully & Son 800 £14,000 £17.50 - Tenancy at Will Includes 2 x car parking spaces

15/17 Clyston Street 1st Floor (Unit 2) Arc-On 100 £1,800 £18.00 - Tenancy at Will -

15/17 Clyston Street 1st Floor (Unit 3) Remora Cleaning 600 £15,500 £25.83 - Tenancy at Will Includes 5 x car parking spaces

3 x car parking spaces are vacant Car Parking Vacant - - - - - (12 spaces in total)

Total 12,238 £172,801 Stewarts Road Battersea, London SW8 4UB 6

OFFICE RENTAL MARKET

PROPERTY DATE SIZE RENT (PSF) TERM INCENTIVES NOTES Ground, Battersea Studios, 80 Silverthorne Road Mar-19 873 £42.50 5 years 6 months 3 year break, SC £10.62/SF, refurbished Ground, Meadow Works, Meadow Road, Vauxhall, SW8 1PP Nov-18 7,200 £36.50 10 years 21 months 5 year break Ground, 5A Priory Grove Aug-18 475 £35.00 5 years n/a New Build Ground, 68-70 South Lambeth Road Mar-18 1,265 £39.50 2 years n/a Refurbished Unit 10, Battersea Studios, 80 Silverthorne Mar-18 2,545 £37.50 3 years n/a Rent rises to £39.50. Part first floor, Battersea Studios, Phases 1 & 2, 80 Silverthorne Road, SW8 3XA Feb-18 3,595 £45.83 10 years n/a 5 year break Sky Studios, Wandsworth Road, 3rd floor Feb-18 6,000 £52.50 3 years 3 months New Build

INDUSTRIAL RENTAL MARKET

PROPERTY DATE SIZE RENT (PSF) TERM INCENTIVES NOTES Arch 11, Linford Street Business Estate OTM 1,958 £22.98 (Asking) 3 year - Refurbished, ‘Contracted Out’ tenancy Unit 8, Battersea Business Park May-19 4,577 £34 15 years 6 months Refurbished Stewarts Road Feb-19 1,700 £30 6 years 2 months - Unit 5b, Parkfield Industrial Estate, Culvert Pl Jul-18 2,103 £30 10 years 10 months New Build Unit 9 & 10, Parkfield Industrial Estate, Culvert Pl Jun-18 4,652 £30 25 years 3 months New Build Unit 6, Parkfield Industrial Estate, Culvert Pl Apr-18 2,016 £20 10 years 2 months New Build

Stuarts Lodge - Neighbouring Residential Development Michael Manley Industrial Estate - Neighbouring Industrial Terrace Stewarts Road Battersea, London SW8 4UB 7

METHOD OF SALE PROPOSAL The property is is to be sold subject Offers in excess of £4m. to and with the benefit of the existing business leases (ignoring the tenancies at will for this purpose) and FURTHER therefore the vendor considers that the transaction will have the status of INFORMATION Further information relating to the a transfer of a going concern (TOGC), property and the proposed scheme is subject to the conditions for a TOGC available in the dataroom: being satisfied at completion. https://sites.savills.com/ VAT stewartsroad 206-208 Stewarts Road and 218 – 220 CONTACT Stewarts Court are elected for VAT. For further information please contact: 15 – 17 Clyston Street is not elected for VAT. Oliver Fursdon +44(0) 207 409 5900 VIEWINGS [email protected] If you require an internal inspection Lucy Godwin of the property, then please contact +44 (0) 207 299 3051 the sole selling agents to make an [email protected] appointment. Chris Hill +44 (0) 207 409 9913 [email protected]

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. Designed and Produced by Savills Marketing: 020 7499 8644 | July 2019