DOCSLIB.ORG

Sidney House Beddington Farm Road, Croydon, Cr0 4Xb

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Sidney House Beddington Farm Road, Croydon, Cr0 4Xb SIDNEY HOUSE BEDDINGTON FARM ROAD, CROYDON, CR0 4XB SOUTH LONDON REVERSIONARY INDUSTRIAL INVESTMENT WITH FUTURE REDEVELOPMENT POTENTIAL SIDNEY HOUSE BEDDINGTON FARM ROAD, CROYDON, CR0 4XB INVESTMENT SUMMARY • A rare opportunity to acquire a Greater London industrial investment with future redevelopment potential located in the established commercial centre of Croydon. • Croydon is currently undergoing a £5.25bn regeneration and is the UK’s fastest growing economy outside of Central London. • The subject property is situated on Beddington Farm Road, an established industrial location within Croydon. Nearby occupiers include DPD, Royal Mail, Travis Perkins, CCF and Kuehne & Nagel. • Held Freehold • The subject property provides a gross internal area (GIA) of approximately 4,378 sq ft on a site of 0.73 acres, which provides a very low site density of approximately 13.7%. • Total passing rent of £165,000 per annum. • 97% of the income is let to Arriva London North Ltd on a 15 years FRI lease expiring 30th January 2034, with a tenant break option on 31st January 2028. • The Arriva current passing rent is £160,000 per annum which reflects a low rent of £9.50 per sq ft on the building and £5.50 per sq ft on the open storage land. • Five yearly upward only rent reviews to the greater of OMRV (industrial or bus depot) or RPI subject to a collar and cap at 2.00% p.a and 4.00% p.a respectively, providing a platform for guaranteed growth. The next review is 31st January 2024. • The subject property offers an attractive AWULT to break of 6.70 years and AWULT to expiry of 12.70 years. • Future development potential for a new industrial scheme providing 10,500 sq ft We are instructed to seek offers in excess of £3,730,000 (Three Million Seven Hundred and Thirty Thousand Pounds), subject to contract and exclusive of VAT. A freehold purchase at this level reflects an attractive Net Initial Yield of 4.15%, assuming purchaser’s costs of 6.52%. SOUTH LONDON REVERSIONARY INDUSTRIAL INVESTMENT WITH FUTURE REDEVELOPMENT POTENTIAL SIDNEY HOUSE BEDDINGTON FARM ROAD, CROYDON, CR0 4XB LOCATION Distance from Distance from Croydon is only 9.5 miles south of Central London. It is the largest London Car the property Rail Journey Time Airport the property borough and a major commercial centre with a resident population of Central London 9.5 miles London Bridge 13 minutes Gatwick 19.0 miles approximately 370,000, and 1.1m economically active individuals within a Gatwick Airport 14 minutes Heathrow 23.0 miles 30 minute commute. It is the UK’s fastest growing economy outside Central J7 M25 10.0 miles London and is currently undergoing a £5.25bn regeneration. J8 M23 10.0 miles London Victoria 15 minutes Luton 46.8 miles Brighton 43.9 miles Canary Wharf 34 minutes Stansted A12 46.9 miles Croydon benefits from extensive road and transport communications. The A23 is A5 A6 A10 Harwich a major trunk road leading north into Central London (9.5 miles), and south to A413 Stanstead A120 Junction 8 of the M23 and Junction 7 of the M25 (10 miles). The A22 also links Luton A418 A120 A120 Croydon to Junction 6 of the M25, 10 miles to the south east. Gatwick Airport is only Colchester M40 19 miles to the south. A12 A41 M1 A1(M) A414 Croydon has two mainline railway stations. East Croydon Station provides fast and frequent links to London Victoria, London Bridge and Gatwick Airport, all in A10 M11 A413 A414 Chelmsford 15 minutes. West Croydon Station offers easy access to Canary Wharf and the City High A130 via the Overground. Wycombe A12 Watford M1 A406 Croydon also benefits from Tramlink, which provides an important east/west A127 A12 Southend connection with regular services from Beckenham to Wimbledon and is used Wembley Slough M25 A13 by 28m passengers a year. Maidenhead LONDON Southend London A205 City Airport Heathrow M4 Dartford A2 DEMOGRAPHICS M3 A20 Croydon Margate Epsom M26 Croydon boasts a primary catchment of 866,000 and is projected to see Ramsgate M2 M3 Woking significantly above average population growth in the period 2016-2021. A3 M25 A23 A22 Canterbury Maidstone 51% of the population are classed as being in the most affluent ABC1 social groups A21 Guildford M20 A28 A2 (PMA) which comprises a healthy mix of affluent families, London commuters A24 M23 Tonbridge A287 A229 and young working professionals. Croydon is becoming an increasingly desirable Gatwick Dover place to live highlighted by the growth in residential values over the last 5 years of Crawley Folkstone A22 A26 approximately 35% (Land Registry House Price Index). A3 A2070 Croydon is currently undergoing one of the most significant commercial regeneration A23 projects in Greater London thanks to a £5.25bn regeneration programme and is A272 A265 A272 becoming an increasingly desirable place to live. This is highlighted by the significant growth in residential values over the last five years of approximately 35% (Land A286 A24 A21 Registry House Price Index). Hastings A27 Brighton Worthing A27 Eastbournes SOUTH LONDON REVERSIONARY INDUSTRIAL INVESTMENT WITH FUTURE REDEVELOPMENT POTENTIAL SIDNEY HOUSE Arriva, Sidney House, Beddington Farm Road, Croydon, CR0 4XB BEDDINGTON FARM ROAD, CROYDON, CR0 4XB SITUATION DESCRIPTION 4 CRYSTAL 2 A The majority of the subject property is currently used as open storage land for the storage and maintenance of the STREATHAM PALACE CRYSTAL 4 PALACE SOUTH 1 T COLLIERS 2 IGH S A WIMBLEDON MERTON H Arriva bus fleet, which benefits from Sui Generis use. WOOD GREEN LN WAY 2 D TUN 1 R MERA 2 A24 A ON ST B G 2 A There is a 4,378 sq ft warehouse which is currently being used by the tenant as a workshop. The unit has one loading door N 8 23 KI 5 6 98 2 C A D W NORBURY O H R E U and is covered by an asbestos clad roof. There is also a small temporary building at the tip of the site which is being used SE S T T R E R C R D N NORBURY H R S D N R O D as a café. R EASTFIELDS L W O N O M O A D D D R A R T O IN MITCHAM 2 H W N E I A 3 D L Y G L 6 R R R N O D N A A R M G A 23 A THORNTON 4 9 2 2 3 A HEATH AVE SELHURST OSS CR ACCOMMODATION L A2 L 36 I A NORWOOD H E MORDEN 2 V 3 JUNCTION SOUTH A 7 R C THORNTON E R D I O R L D MITCHAM YD E R O N HEATH The subject property provides a gross internal area (GIA) of approximately 4,378 sq ft on an entire site of 0.73 acres, which N O H D JUNCTION R T R D N T O R SELHURST S F O D S C P H R D A T L O E R provides a low site density of approximately 13.7%. R A O H 2 S S S 3 M I N R GREE B H 6 O D O A S 7 O B L H 2 P 9 T E N E 7 NL 2 9 7 O T A I 1 R 2 N N A D H R T W U D B D 2 O 7 R 2 2 D 1 E A 4 R 2 2 V A 2 P A A 3 E U T 7 A R 13 A2 IG L 2 22 E E A B279 R W R Y WEST Y BEDDINGTON W TH E FARM RD A CROYDON A2 L Y 22 N HACKBRIDGE B E D D A RD I E 2 N B 3 OM 7 G A232 SC ST HELIERS 7 7 DI 2 T A232 AD A O EAST D N R L CROYDON S N D A CROYDON L IE 2 F 3 Y RD D RCLA L BA O CROYDON RD 2 A23 BEDDINGTON A232 CROYDON RD CARSHALTON A2 CO 7 O 1 3 M 6 B 2 E A232 RD A D EN COO RD N MBE LTON RD RUSKIN ING RD A CARSHA AVE SOUTH 212 D PU CHEAM R B 2 B A23 2 CROYDON L R L 7 R I 1 L I E G D H R Y AM D RD H E K OR WA CH TAFF T R S O A YA N P R D E 2 V 3 A S B D E E R H L U M C P N P A E O R O The subjectE property is located to the north west of Croydon town centreS within the N T B EL T H S ARRIVA D R G O I I N S R E 5 R B main industrial holding off Beddington and Beddington Farm Road. The areaD has 3 SANDERSTEAD 2 A A 2 attracted a number of well-known industrial occupiers which include: 1 PURLEY OAKS 7 SELSDON D SUTTON R N FO O S XLEY T A COMMON LN H N IG D 3 R E B R D 2 S R A T N 35 E O 2 A GT WOODCOTE A D DIN LN H D TE IL A CO L OOD LITTLE W CAFE SOUTH LONDON REVERSIONARY INDUSTRIAL INVESTMENT WITH FUTURE REDEVELOPMENT POTENTIAL created on Plotted Scale - 1:1,250 This map is published for convenience of identification only and although believed to be correct, is not guaranteed and it does not form any part of any contract SIDNEY HOUSE BEDDINGTON FARM ROAD, CROYDON, CR0 4XB Lease Lease Tenant Current Rent Schedule DEVELOPMENT Unit Site Area Tenant Start Expiry Break Rent Review Rent Review of Security (Acres) Date Date Option(s) (£ pa) Date Mechanism Condition of Tenure Arriva London 31-Jan-24 Greater of POTENTIAL Bus Depot 0.62 North Ltd 31-Jan-19 30-Jan-34 31-Jan-28 £160,000 31-Jan-29 OMRV and RPI Yes Yes A potential scheme has been drawn up as per the plan below.
Load more

Recommended publications
  • Inner and South London Rail and Tube Alternatives Key To
    Alternative Routes from Carshalton Beeches When services are severely disrupted, we will arrange for your ticket to be accepted as indicated below to get you to your destination. Rail replacement buses may be arranged in certain cases. Please listen to announcements for further information about this. To: Suggested routes: Ashtead Bus 154 from opposite station to Sutton centre, bus 470 to Epsom then South West Trains Balham Bus 154 from outside station to West Croydon station then Southern train, OR bus 154 from opposite station to Morden station then Northern line Banstead Bus 154 from opposite station to Sutton centre then bus S1 or 420 to Banstead High Street Belmont Bus 154 from opposite station to Sutton centre then bus S1, S4, 80, 280 or 420 Boxhill & Westhumble Bus 154 from opposite station to Sutton centre, bus 470 to Epsom then South West Trains Cheam Bus 154 from opposite station to Sutton centre then bus 470 Clapham Junction Bus 154 from outside station to West Croydon station then Southern train, OR bus 154 from opposite station to Morden station, Northern line to Clapham Common then bus 35 or 37 Crystal Palace Bus 154 from outside station to West Croydon station then Southern train Dorking Bus 154 from opposite station to Sutton centre, bus 470 to Epsom then South West Trains Epsom Bus 154 from opposite station to Sutton centre then bus 470 Epsom Downs Bus 154 from opposite station to Sutton centre, bus S1 or 420 to Banstead High Street then bus 166 Ewell East Bus 154 from opposite station to Sutton centre then bus 470 Gipsy
    [Show full text]
  • INT0028 Brochure Update V4.1.Pdf
    change your view. Interchange can provide high quality office space from 4,263 to 18,500 sq ft. Time for a change. your change style. Interchange features prominently on the Croydon skyline, occupying an exciting position within the continuing transformation of Croydon town centre. Best in class office accommodation providing an excellent working environment with over 150,000 sq ft let to internationally renowned global brands. Croydon continues to change, exceeding all expectations and Interchange is situated at the heart of it. interchange croydon interchange croydon Croydon Town Centre offers the best of both worlds: a wide variety of independent stores alongside established retail and leisure operators. Trading since 1236, Surrey Street Market is Thanks to a £5.25bn regeneration programme, the economic the oldest known street market in the UK. heartland of south London will soon become a thriving must-visit Croydon Council is committing £500,000 for destination not just within the UK, but in Europe. a programme of improvements to the market At the heart of these transformative plans will be a £1.5bn retail including improved lighting and paving. and leisure complex by The Croydon Partnership. Source: Develop Croydon Source: Develop Croydon 8 9 interchange croydon interchange croydon Based on the concept of a pop-up mall, BOXPARK Croydon fuses local and global brands together side by side to create a unique shopping and modern street food destination. BOXPARK Croydon regularly hosts numerous events spanning grime raves to orchestras, baby discos to drum & bass workouts, regular jazz, poetry and open mic nights and a whole manor of events in between.
    [Show full text]
  • Simpson House Croydon CRO 6BA
    6 Cherry Orchard Road Simpson House Croydon CRO 6BA OFFICES TO LET D TO CENTRAL LONDON AD R AND UNDERGROUND RO ILL D DM ORSE N A H O WI E M RD RR D A A TE O H ST S WHIT R JAM N Location ES’S CE N DE O RO S A OU SY L D D O I GL V N A D The building is located on Cherry Orchard Road in the D D A RD LO O O WER ADDISC N R CK centre of Croydon adjacent to East Croydon station. R D L O M RD O E O A M I AD A F ST BE I H RO K O D V AD A new bridge link has been constructed which, in due R A EN A O E TA EAST LONDON LINE 2 N 3 YD course, will allow rapid access on to all the platforms EXTENSION FROM 5 PA S WEST CROYDON R RD K OW FO AD RAILWAY STATION D D BE RO L at East Croydon. The bridge is currently open only D NS R L A RD WEST M A D L W A A CROYDON NH W A H E G D O C from Dingwall Road and is due to open in tandem with Y R DERBY ROAD E S N I R LLESLE Simpson House D O the development by Menta of land adjoining the rail N Y OR R Whitgift DINGWALL RD R T E CEDAR ROAD H Y station. Shopping Jurys Inn H E C ND Centre RO Hotel (pedestrianised) EAST The building is a short walk from local amenities and A Travelodge CROYDON ADDISCOMBE RD D Croydon Centrale Central the town centre facilities.
    [Show full text]
  • Ledaire Point
    LEDAIRE POINT L P 19A DEVONSHIRE ROAD, CROYDON, CR0 2JW A boutique collection of 9 brand new luxury apartments GOLDROSE S HARPE DEVELOPMENTS LEDAIRE POINT A boutique collection of 9 brand new, luxury homes with generous proportions, refined interiors and a stylish colour palette just moments from the varied amenities and bustling centre of Croydon. Complemented by private outdoor spaces as well as a shared communal garden, each apartment at Ledaire Point has been carefully and tastefully designed for both style and comfort. PRACTICAL, LIGHT AND STYLISH Tucked away on a quiet side street Ledaire Point boasts an elegant and contemporary building in the heart of Croydon. With its eye catching full height windows and practical well thought out layouts, the development offers its residents the best in refined metropolitan living. THOUGHTFUL ARCHITECTURAL PLANNING HAS CREATED 21ST CENTURY LIVING WITH EACH FLAT HAVING A BRIGHT OPEN PLAN KITCHEN, LIVING AND DINING AREA WHERE RESIDENTS CAN RELAX AND GUESTS CAN BE ENTERTAINED Hanging light feature not included DISCOVER THE LOCAL AREA Situated less than a mile away from Croydon’s vibrant town centre, the Ledaire Point development offers residents superb access to hundreds of eateries covering the whole gastronomic world as well as a multiplex of shops and establishments to suit any occasion or budget. The adjacent high street hosts a wide array of local conveniences, including a variety of daily amenities and supermarkets including a Tesco within 40 meters of the building. A selection of nearby parks and recreation grounds provide a sanctuary from every day city life whilst excellent schools and a brand new Legacy Youth Zone across the road ensures youngsters are brought up in a thriving environment.
    [Show full text]
  • 198 Bus Time Schedule & Line Route
    198 bus time schedule & line map 198 Thornton Heath, High Street - Shrublands View In Website Mode The 198 bus line (Thornton Heath, High Street - Shrublands) has 2 routes. For regular weekdays, their operation hours are: (1) Shrublands: 12:20 AM - 11:59 PM (2) Thornton Heath, High Street: 12:15 AM - 11:55 PM Use the Moovit App to ƒnd the closest 198 bus station near you and ƒnd out when is the next 198 bus arriving. Direction: Shrublands 198 bus Time Schedule 37 stops Shrublands Route Timetable: VIEW LINE SCHEDULE Sunday 12:20 AM - 11:59 PM Monday 12:20 AM - 11:59 PM Nursery Road (L) High Street, London Tuesday 12:20 AM - 11:59 PM Thornton Heath Clock Tower (H) Wednesday 12:20 AM - 11:59 PM Thornton Heath Station (C) Thursday 12:20 AM - 11:59 PM Friday 12:20 AM - 11:59 PM Brook Road (A) Saturday 12:20 AM - 11:59 PM Bensham Lane (X) Brigstock Road, London Whitehorse Manor Brigstock Site (N) 198 bus Info Brigstock Road / London Road (M) Direction: Shrublands Raymead Passage, London Stops: 37 Trip Duration: 47 min Thornton Heath Pond (G) Line Summary: Nursery Road (L), Thornton Heath Clock Tower (H), Thornton Heath Station (C), Brook Dunheved Road North (E) Road (A), Bensham Lane (X), Whitehorse Manor 639-641 London Road, London Brigstock Site (N), Brigstock Road / London Road (M), Thornton Heath Pond (G), Dunheved Road Croydon University Hospital (C) North (E), Croydon University Hospital (C), Broad Fiveacre Close, London Green Avenue (LA), Sumner Road (LB), Montague Road (LC), West Croydon Station (WA), Poplar Walk Broad Green Avenue
    [Show full text]
  • Managing Director's Report London Rail
    AGENDA ITEM 6 TRANSPORT FOR LONDON RAIL AND UNDERGROUND PANEL SUBJECT: MANAGING DIRECTOR’S REPORT – LONDON RAIL DATE: 26 FEBRUARY 2009 1 PURPOSE AND DECISION REQUIRED 1.1 The purpose of the report is to highlight the performance of London Rail. Members are asked to note the report. 2 RECOMMENDATION 2.1 The Panel is asked to NOTE the report. 3 CONTACT Contact: Ian Brown, Managing Director, London Rail Phone: 020 7126 1689 1 LONDON RAIL MANAGING DIRECTOR’S REPORT 1 KEY HIGHLIGHTS AND SIGNIFICANT EVENTS SINCE PERIOD 10 • The DLR Woolwich Arsenal extension opened 7 weeks early on 10 January 2009. • ODA have confirmed their £107m funding contribution for the North London Railway Infrastructure Project (NLRIP). • The Office of Rail Regulation (ORR) have confirmed that they are minded to approve a 15 year track access option for the North London Railway. • Funding confirmed for Three Car running on DLR to Beckton. • Funding for Phase 2 of the East London Line was agreed with the Department for Transport (DfT) on 13 February 2009. • South West Trains have signed up for Oyster implementation at their stations. 2 MANAGING DIRECTORS OVERVIEW Performance on London Overground improved markedly in the period as London Overground Rail Operations Limited (LOROL) re-familiarised themselves with normal service patterns following the end of the Autumn blockade. DLR performance also showed improvement in the period with all reliability and service quality measures exceeding target. Journey time performance was slightly behind target and the franchisee is working closely with DLR to improve this. London Tramlink continued to perform above target.
    [Show full text]
  • Travel in London, Report 3 I
    Transport for London Transport for London for Transport Travel in London Report 3 Travel in London Report 3 MAYOR OF LONDON Transport for London ©Transport for London 2010 All rights reserved. Reproduction permitted for research, private study and internal circulation within an organisation. Extracts may be reproduced provided the source is acknowledged. Disclaimer This publication is intended to provide accurate information. However, TfL and the authors accept no liability or responsibility for any errors or omissions or for any damage or loss arising from use of the information provided. Overview .......................................................................................................... 1 1. Introduction ........................................................................................ 27 1.1 Travel in London report 3 ............................................................................ 27 1.2 The Mayor of London’s transport strategy .................................................. 27 1.3 The monitoring regime for the Mayor’s Transport Strategy ......................... 28 1.4 The MTS Strategic Outcome Indicators ....................................................... 28 1.5 Treatment of MTS Strategic Outcome Indicators in this report ................... 31 1.6 Relationship to other Transport for London (TfL) and Greater London Authority (GLA) Group publications ............................................................ 32 1.7 Contents of this report ..............................................................................
    [Show full text]
  • The Lansdowne Building
    The Lansdowne Building Flexible fully-fitted suites in EAST CROYDON a range of sizes, two minutes walk from East Croydon Station 3rd floor suites from 1,700 sq ft up to an entire floor of 13,700 sq ft thelansdowne-building.co.uk Flexible fully-fitted suites Short form leases Leasing period – available from a minimum term of 12 months Rent inclusive of rent, service charge and insurance Offices set up and ready for occupation Furniture included Full access raised floors Suspended metal tiled ceilings incorporating Cat II lighting Two 16-person passenger lifts; two 14-person passenger lifts and two goods lifts Male/female WC facilities on each floor Full height atrium Grade A Offices The Available Lansdowne 3rd floor Suites from 1,700 sq ft up to an entire floor of 13,700 sq ft suites Building Floor area Floor area Car Located in the prime office core on Lansdowne Road sq ft NIA sq m NIA spaces which is set to become the major route from East Croydon Suite 1 TEA POINT Station into the Central Business District and retail core. 1,700 158 1 space 3rd floor The Lansdowne Building comprises 110,000 sq ft (10,220 sq m) of Grade A office accommodation Suite 2 2,500 232 1 space Suite 2 arranged over basement, ground and seven 3rd floor upper floors with 50 car parking spaces. Suite 1 Suite 3 LIFT The flexible layout allows for multiple occupation on 3,000 279 1 space LIFT 3rd floor DISABLED TOILET whole/part floors and an open/cellular arrangement.
    [Show full text]
  • The Croydon Plan Page 2 Page 3
    The Croydon Plan Page 2 Page 3 Chapter One Introduction to The Croydon Plan Crystal Palace This document describes our plans to address describe what we want to achieve, and how & Upper Croydon’s needs for the next 20 years we will achieve it by stating Our Ambitions, Norwood and beyond. By setting out proposals for Our Targets and Our Main Actions. These are Norbury new homes, jobs and infrastructure, whilst organised by Chapters, each covering a key respecting Croydon’s sense of place, we can theme. Thornton South Heath plan for a positive future. The following pages Norwood & Woodside Croydon Today Croydon Tomorrow Broad Green Croydon in 2013 is a borough with many strengths and We want Croydon to be London’s most Enterprising & Selhurst opportunities. Of course, there are also challenges to be Borough. Excellent transport connections to Central faced, which this Plan aims to address. London, Gatwick and Brighton mean that the borough is Addiscombe well placed to achieve this. Croydon • Croydon is made of a series of distinct places Opportunity from Victorian railway suburbs in the north, to 20th Following a consultation with over 20,000 people, we Area Shirley century suburbs on wooded hillsides in the south have developed a number of over-arching ambitions for and developments away from the railway line in the the Borough, all of which inform the Ambitions, Targets east. and Actions in this document: Waddon • Croydon’s population is due to increase by 3,500 • Create a premier business centre, where creative South Croydon over the next 20 years.
    [Show full text]
  • Capital Strategy 2010-2030 Contents
    Capital Strategy 2010-2030 Contents Executive summary 2 1. Wider context 4 2. Purpose of the Capital Strategy 6 3. Investment themes of the Capital Strategy 7 • Transforming our Place . 7 • Managing our Assets . 9 • Transforming our services . 10 11 4. Delivering and monitoring the Capital Strategy • Funding Investment . 11 • Aligning Investment with Croydon’s Priorities . 12 • Ensuring Investment is Managed Effectively . 13 – Effective Portfolio Management . 13 – Appraisal and Funding Decisions . 13 – Approval Gateways . 14 – Governance . 15 – Monitoring . 15 – Managing Risk . 15 Capital Strategy 2010 - 2030 2 Executive summary Foreword by the Leader This 20 year strategy provides an important link between the ambitions set out in our long term Vision for Croydon and the important investments in our infrastructure, which will help turn that vision into a reality. This strategy looks at how Croydon will finance, allocate and manage capital investment into schools, roads, public spaces, civic buildings and sustainable energy networks that are so vital to supporting a successful, vibrant and healthy place. As well as Mike Fisher transforming places this strategy has been designed to Leader, Croydon Council enable us to transform the way we directly deliver and enable 21st century services through better buildings and ICT. The economic climate is challenging. However, Croydon is committed to investing now for the long term. Financing that commitment is made possible because of our recent track record of sound financial management. However, we are not complacent. Through this strategy we will make every penny of investment count by coordinating and prioritising all available funding to achieve our goals. This approach will transform the way we manage and deliver capital projects in a way that is cost effective and leaves a visible legacy for years to come.
    [Show full text]
  • Rail Devolution Business Case Narrative
    Submission to HM Government Date: 14 October 2016 Title: Rail devolution business case narrative 1 Summary 1.1 The purpose of this paper is to set out the case for further transfer of responsibility for the provision of some rail passenger services from the Department for Transport (DfT) to the Mayor and Transport for London (TfL). Significant improvement in the quality of services for passengers 1.2 Further devolution of inner suburban rail services within London will deliver significant economic, financial and customer benefits by 2020 through: More reliable and better services for passengers, delivered through a concession contracting model where the provider of train services focuses purely on reliability and customer satisfaction TfL’s proven ability to work with Network Rail sharing resources between them and London Underground Seamless and integrated fares, ticketing, branding and information for passengers across public transport services in London, which not only encourages more people to use public transport, but also reduces fare evasion A greater ability to plan and deliver the cost effective provision of public transport and associated projects across all local services, including buses, walking and cycling 1.3 Taken together, one impact will be to generate additional demand and revenue. On the recently devolved West Anglia services this has increased 27 per cent since devolution in May 2015. TfL expects an increase of 14 per cent in southeast London. The additional revenue can itself be re-invested in service enhancements 1.4 The package has a quantified benefit cost ratio of 4.3 : 1, based on railway passenger benefits, which shows that this offers high value for money.
    [Show full text]
  • Build to Suit up to 90,000 Sq Ft 2 Mitcham 2 Central Ondon a 2 Pollards Hill Selhurst A2 A2 2 Croy 2 D TRAMS O a for Serving N 2
    Sat Nav: CR0 4TD Purley Way Beddington Gatwick Airport 18 miles Ampere Way Farm Road Beddington Lane Coomber Way LOGISTICS Phase 2 4.5 acres / 90,000 sq ft BTS TRAMS Beddington Lane Central London 10 miles Heathrow Airport 19 miles Phase 1 13,820 – 146,120 sq ft A blank Prologis have just acquired a 4.5 acre expansion to Prologis Park Beddington, Croydon and there is canvas currently a window of opportunity to explore BTS options. The site can accommodate up to c 90,000 sq ft but is also well suited to low density layouts. We would be for your delighted to hear from you to explore your requirements business Alex Gale, SHW Build to suit up to 90,000 sq ft 2 Mitcham 27 Central B London A 2 3 Pollards Hill Selhurst 7 A23 B A2 2 36 7 Croy 2 d TRAMS o A For serving n R 2 d 3 2 Therapia 1 TRAMS 5 2 Lane A23 A omber o Wa South London C y TRAMS Croydon continues to be the premier location for last mile logistics and West Croydon industrial uses serving South London. Valley Hackbridge Retail Park East AddiscombeBeddington Strategic A B A23 Croydon 2 2 Croydon Industrial Location 3 7 Waddon 7 2 Centrale & Whitgift Residential shopping 32 Hackbridge centres A2 2 A23 Beddington Commercial A232 Waddon A2 A 36 City centre 2 3 7 B 2 South Open space 7 2 Croydon Wallington B271 M25 Junction 7/8 N N For quality A23 90,000 sq ft / 4.5 acres BEDDINGTON LANE 20 23 A41 25 27 A128 M1 19 Enfield A12 A10 4 Barnet A413 Chingford Watford COOMBER WAY 28 CGI of DC2 Phase I Prologis Park Beddington 4 M25 A406 M40 1 A127 1 Romford A404 16 1 A406 A406 M25 London A40 West End City Airport A4 Slough M4 Central 30 8 4B/15 For a strategic 4 3 1 London A4 Heathrow Dartford 1a location Airport A316 A205 2 A2 Gravesend 1 A20 Croydon is strategically A23 located with excellent access A322 12 Croydon 3 to Central London, the M25, M3 A3 and the local road network A21 Camberley A232 M20 including the A23 and A205.
    [Show full text]