HORTON WHARF HORTON ROAD, WEST DRAYTON, UB7 AN EXCEPTIONAL WATERFRONT DEVELOPMENT OPPORTUNITY BENEFITTING FROM PLANNING PERMISSION FOR 87 RESIDENCES.

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1 AN EXCEPTIONAL WATERFRONT DEVELOPMENT OPPORTUNITY BENEFITTING FROM PLANNING PERMISSION FOR 87 RESIDENCES.

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3 SUMMARY EXECUTIVE SUMMARY Residential led mixed use development opportunity in the centre of West Drayton The site extends to approximately acres (0.467 hectares) and comprises a vacant former industrial estate. COLLIERS INTERNATIONAL AND CUSHMAN & WAKEFIELD ARE DELIGHTED TO SEEK UNCONDITIONAL OFFERS FOR A RESIDENTIAL DEVELOPMENT OPPORTUNITY WITH THE BENEFIT OF PLANNING PERMISSION FOR 87 UNITS ON THE BANKS OF THE GRAND UNION CANAL. The site is being sold with the benefit of a detailed planning permission for 87 residential units totalling 55,797 sq ft (NSA) and 1,039 sq ft of A1 space together with 78 parking spaces. The scheme, which borders the Grand Union Canal has been designed by award winning architects BPTW. Strong underlying demand from owner occupiers and investors, supported by excellent transport links and the imminent arrival of Crossrail in March Freehold. Unconditional offers are sought no later than 12 noon on the 19th June 2017.

4 LOCATION WEST DRAYTON LIES TO THE WEST OF LONDON IN THE LONDON BOROUGH OF HILLINGDON LOCATION Horton Wharf is located within the heart of West Drayton adjacent to the Grand Union Canal. West Drayton station and the imminent Crossrail station also lie in close proximity. The surrounding area comprises primarily of established and new build residential accommodation. A number of parks and green open spaces fall within close proximity to Horton Wharf which include Yeiwsley Recreation Ground to the north, Huntsmoor Park to the west and Stockley Park Golf Club to the east. West Drayton is ideally situated on the outskirts of London approximately 7 miles north of Heathrow airport. It also benefits from strong transportation links to central London which appeals to owner occupiers and investors seeking value for money without compromising on connectivity. Average house prices in West Drayton have risen by 62% over the last 5 years and outperformed the Greater London average by 7.4% over the past 12 months. (Land Registry) The site is therefore situated in an ideal location, able to benefit from great transport links and prominence in an area that has benefitted from significant development in the last five years.

5 Tesco Tesco A Falling Ln High St Falling Ln Otterfield Rd eld Rd Yew Ave Yew A LOCATION High St Maple Ave Tavistock Rd Bentinck Rd West West Drayton Drayton Colham Ave Warwick Rd Edgar Rd Horton Road Acacia Ave 1 Tavistock Rd Bentinck Rd Morrisons Morrisons Colham Ave Warwick Rd Edgar Rd Maple Ave Horton Road Acacia Ave Providence Rd Providence Rd Whitethorn Ave Whitethorn Ave Horton Road Horton Road Lawn Ave Lawn Ave Frays Ave Frays Ave Ferrers Ave Ferrers Ave Swan Rd Swan Rd Station Rd Station Rd WEST DRAYTON WEST DRAYTON Bellclose Rd Bellclose Rd Kingston Ln Kingston Ln DRAYTON GARDEN VILLAGE DRAYTON GARDEN VILLAGE Mill Rd The Green The Green Church Rd Church Rd ondsworth Rd Porters Way Station R Rd Porters Way North Rd West Rd Thornto South Rd West Rd

6 M25 COLNE VALLEY REGIONALPARK ICKENHAM LOCATION UXBRIDGE NORTHOLT WEMBLEY BRENT PARK M25 GREENFORD HAYES SOUTHALL WEST DRAYTON KENSINGTON 2 M4 HAMONDSWORTH HARLINGTON M4 M4 FULHAM M25 HEATHROW AIRPORT HOUNSLOW RICHMOND FELTHAM TWICKENHAM RICHMOND PARK EARLSFIELD

7 LOCATION UXBRIDGE HILLINGDON HOSPITAL STOCKLEY ACADEMY 1 YIEWSLEY HIGH STREET CENTRAL LONDON 16 MILES WINDSOR 10 MILES DRAYTON WHARF WEST DRAYTON WATERSIDE PADCROFT GRAND UNION CANAL WEST DRAYTON CROSSRAIL STATION

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9 TRANSPORT TRANSPORT RAIL The local rail connections are excellent with West Drayton station situated on the opposite bank of the Grand Union Canal providing ease of access to London Paddington in 21 minutes as Crossrail opens up new areas to those working in the West End and City of London. BUS The site is located in close proximity to numerous bus stops offering easy access to six key bus routes. THE SITE BENEFITS FROM EXCELLENT PUBLIC TRANSPORT LINKS TO BOTH CENTRAL LONDON AND THE SOUTH EAST OF ENGLAND ROAD The property benefits from convenient road links with travel times by car approximately 5 minutes from junction 4 of the M4 and approximately 12 minutes from junction 1 of the M40. AIR Heathrow Airport is easily accessible from the site (11 mins) providing flight services all around the globe.

10 TRANSPORT CROSSRAIL TRAVEL TIMES Crossrail will provide a new high-speed rail link vastly improving London s connectivity from east to west. The project is due to be completed in 2019 and is considered one of the most significant infrastructure improvements to London since the opening of the London Underground over 150 years ago. The site is located within a few minutes walk of the new Crossrail station in West Drayton where it is envisaged up to six Elizabeth line services an hour will serve West Drayton station. This will allow passengers to travel right through central London without having to change trains. The appeal of West Drayton will increase to commuters as Crossrail opens up new areas to those working in the West End and City of London. FARRINGDON 28 mins TOTTENHAM COURT ROAD 25 mins BOND STREET 23 mins LONDON PADDINGTON 20 mins HEATHROW AIRPORT 8 mins CANARY WHARF 37 mins WHITECHAPEL 34 mins LIVERPOOL STREET 31 mins WEST DRAYTON IS FORECAST TO BENEFIT FROM SOME OF THE GREATEST HOUSE PRICE INCREASES OF ANY AREA ALONG THE CROSSRAIL ROUTE WEST DRAYTON

11 SUMMARY LOCATION TRANSPORT DESCRIPTION DEVELOPMENT FURTHER INFO SITE DESCRIPTION The site is linear in shape and extends across Acres (0.467 Hectares). There are currently three vacant former industrial buildings which extend to 33,252 sq ft. The existing buildings are to be demolished as part of the proposed redevelopment of the site. A substation is located on the southern boundary of the site. This will need to be relocated as part of any new development. The surrounding area is being transformed by residential led developments such as Padcroft, Station Wharf and West Drayton Waterside which lies adjacent. CONTACT

12 THE SITE BENEFITS FROM A RESOLUTION TO GRANT FULL PLANNING CONSENT DEVELOPMENT CONSENTED SCHEME The site sits within the London Borough of Hillingdon and benefits from a resolution to grant full planning consent. (Ref: 71582/APP/2016/4582). The proposed scheme is arranged over three blocks comprising three and four, five and six storeys which provide 86 apartments and a single three bedroom family dwelling with a total GIA of 71,691 sq ft and a total Net Sales Area of 55,797 sqft. All units benefit from private outdoor amenity space with many also benefitting from canal frontage. The scheme also benefits from communal amenity spaces, cycle storage, landscaping and 78 parking spaces. There are numerous developments within the vicinity but the unique combination of canal side frontage and proximity to West Drayton s proposed Crossrail station presents an exceptional development opportunity.

13 DEVELOPMENT SCHEDULE OF AREAS AND UNIT BREAKDOWN BLOCK A LEVEL 1 BED 2 BED TOTAL NIA GIA GEA G ,809 3, ,172 2,714 3, ,172 2,714 3, ,172 2,714 3, ,172 2,714 3, ,172 2,714 3,026 BLOCK C LEVEL 1 BED 2 BED TOTAL NIA GIA GEA G ,555 5,709 6, ,091 6,040 6, ,091 6,040 6, ,091 6,040 6,483 TOTAL ,829 23,828 25,613 TOTAL ,654 16,377 18,229 BLOCK B LEVEL 1 BED 2 BED TOTAL NIA GIA GEA BLOCK D 3 BED House G ,569 5,865 6,298 TOTAL 1 TOTAL 1, ,186 6,117 6, ,186 6,117 6, ,186 6,117 6, ,136 6,117 6,574 TOTAL ,162 30,334 32,593

14 FURTHER INFO TENURE AND TENANCIES Title details can be found in the data room. The Freehold interest in the property is to be sold with the benefit of vacant possession. VAT The property is elected for VAT. FURTHER INFORMATION A data room has been assembled to assist developers in formulating their offers for the site. The data room contains the following information: Legal pack and searches Planning information Technical Information VIEWINGS METHOD OF SALE The Freehold interest is offered for sale by way of informal tender. Offers are invited on an unconditional basis, subject to contract only. Developers are asked to explicitly state their assumptions made in producing the offer, providing full details of financial aspects including timing of payments, details of any conditions and proof of funding for the transaction. Please also clearly state and identify any due diligence that you will require to be carried out and the timescale within which you anticipate achieving exchange of contracts and contractual completion. Viewings can be arranged by appointment. BID DETAILS The deadline for receipt of bids is 12 noon on the 19th June Offer should be submitted electronically to Grant Beasley at: and to Tim Traynor at Bids should be clearly marked Bid Horton Wharf, West Drayton. Interested parties should note that the vendor reserves the right not to select the highest or any tender.

15 CONTACT CONTACT For more information, contact: GRANT BEASLEY TIM TRAYNOR ANDREW PALMER ANDREW WHITE These particulars do not constitute the whole or any part of an offer and all information is supplied entirely without prejudice and is given as a guide and no liability is accepted for any error, omission or misstatement contained or implied in these particulars. 1. These particulars do not constitute any part of an offer or contract. 2. These particulars and plans are supplied entirely without prejudice and Cushman and Wakefield LLP and Colliers International does not accept responsibility as to the accuracy thereof. 3. All prospective purchasers must satisfy themselves by inspection or otherwise as to the suitability or correctness of any statement and the suitability or otherwise of the land for their own purposes. 4. Any measurements referring to the site or other areas are approximate and are given for guidance purposes only. Prospective purchasers are requested to rely on their own inspection and measurement of the site. All negotiations are subject to contract. Designed by i-brochure. May 2017.