Major residential led mixed use development
Dagenham Engine Plant Barking Reach Power Station The River Thames London Sustainable Industries Park A13 Thames Gateway Chequers Lane Dagenham Dock A1306 New Road ASDA City Airport Merrielands Retail Park Dagenham Heathway Old Dagenham Park 2
Executive Summary Major residential led mixed use development in South Dagenham Cleared site extending to 4.07 acres (1.65 hectares) Located 0.5 miles (800m) north of Dagenham Dock station and 0.9 miles (1.5km) south of Dagenham Heathway Underground station Planning Consent (17/02111/FUL) for a mixed use scheme comprising: > 325 residential units > 116 affordable units. 55 affordable rent. 61 shared ownership > 1,514 sq m (16,296 sq ft) GIA of commercial floorspace (Use Class A1/A3) > 178 car parking spaces > 3,260 sq m (35,090 sq ft) of amenity space Freehold for sale 3
Location The Site is within the London Borough of Barking and Dagenham, in East London. The centre of Dagenham is located 0.75 miles (1.2 km) to the north, Rainham is 2.5 miles (4 km) east and Barking is 3.1 miles (5 km) to the north west. The area is predominantly industrial to the south and residential to the north comprising predominantly terraced and semi-detached houses. The River Thames runs approximately 1.3 miles (2 km) to the south. The area to the east of the site is Beam Park. An application has been submitted for a cross boundary hybrid residential led mixed use development. Within the wider area Barking Riverside to the south west is providing up to 10,800 residential dwellings and 65,587 sq m (706,112 sq ft) of mixed use commercial. STOKE NEWINGTON KINGSLAND ROAD CITY OF LONDON THE SHARD OLD KENT ROAD PECKHAM ROAD DULWICH BETHNAL GREEN TOWER BRIDGE PECKHAM HACKNEY Victoria Park WHITECHAPEL ROAD COMMERCIAL ROAD ROTHERHITHE Queen Elizabeth Olympic Park CANARY WHARF ISLE OF DOGS GREENWICH STRATFORD EAST CROSS ROUTE STRATFORD WEST HAM CANNING TOWN THE O2 Greenwich Park EMIRATES AIR LINE ELTHAM ROAD Wanstead Flats NEWHAM WAY LONDON CITY AIRPORT CHARLTON SOUTH CIRCULAR ROAD NORTH CIRCULAR ROAD WOOLWICH ARSENAL ILFORD BARKING BARKING ALFREDS WAY WOOLWICH SIDCUP ROAD RIVER THAMES THAMESMEAD ABBEY WOOD HEATHWAY BEXLEYHEATH DOCK ROMFORD The Chase Nature Reserve Not to scale. For indicative purposes only. Major residential led mixed use development in South Dagenham with easy access to the Docklands, and the City. 4
Situation The Site > There is a range of local amenities such as Lidl and Tesco Express, as well as Heathway Shopping Centre providing a number of high street retailers including Boots, JD Sports, Peacocks and Wilko towards the centre of Dagenham, located 0.9 miles (1.5 km) to the north of the Site. Merrielands Retail Park > Adjacent land uses include Merrielands Retail Park providing Argos, Homebase, Aldi, TK Maxx, Pets at Home and Halfords, and industrial uses such as a Ford distributor and logistics operator. > The wider retail park also provides Brewers Fayre a local restaurant and Premier Inn with ancillary parking. 5
Communications > Dagenham Dock train station is located 0.5 miles (800m) to the south providing services west to Fenchurch Street and Grays to the east BARKING 6mins from Dagenham Dock WEST HAM 11 mins from Dagenham Heathway LIMEHOUSE 16 mins from Dagenham Dock > Dagenham Heathway Underground station is located 0.9 miles (1.5 km) to the north providing District Line services west towards Central London, and Upminster in the east > The A13 provides a connection to the North Circular to London City Airport, The City of London and Central London, as well as direct access to the M25 and south east FENCHURCH ST 21 mins from Dagenham Dock STRATFORD 21 mins via West Ham CITY AIRPORT 29 mins via West Ham & Canning Town Hammersmith & City Line District Line Jubilee Line DLR National Rail HACKNEY STRATFORD STRATFORD WEST HAM BARKING BARKING HEATHWAY CITY OF LONDON LONDON FENCHURCH STREET BETHNAL GREEN ROTHERHITHE CANNING TOWN CANNING TOWN A13 LONDON CITY AIRPORT Amsterdam Düsseldorf THAMESMEAD DOCK A13 ISLE OF DOGS WOOLWICH Geneva CHARLTON Not to scale. For indicative purposes only. 6
Dagenham Dock West Ham Grays 13 mins 15 mins A13 Thames Gateway Limehouse 16 mins City Airport 6.8 miles London Fenchurch Street 21 mins M25 7.3 miles M11 8.5 miles Whitechapel 10.1 miles A1306 New Road City of London (via A13) 12.3 miles 7
15 47 55 53 59 1 S 5 Shelter 21 2 Dra The Manse Vicarage St Martin's Church 31 5.8m 50 34 30 Church Meeting Room El Sub Sta 21 5.5m 22 12 17 23 13 16 Hall 10 61 51 57 49 St Peter's Catholic Primary School Shelter 9 Surgery 7 Chequers Parade 6 5 3 4 3 2 1 Chequers Parade TCBs 2 to 8 def Description Shelter E ROAD Gores Bridge 4.3m 6 > The site is now cleared and was formerly used by Ford Motor Company. The site has not been used for approximately 2 years Merrielands Retail Park Shelter > The total site area extends 4.07 acres (1.65 hectares) 3 4 > The site is not located within a conservation area and there are no listed buildings on site MERRIELANDS CRESCENT 2 El Sub Sta 3.7m Employment Exchange > Freehold Shelter LTwr LTwr > Vacant possession can be provided upon completion > Full site due diligence is available in the data room El Sub Sta El Sub Sta El Sub Sta Park 0m 25m 50m 75m The Gores MESSINA WAY ESS Balancing Pond Not to scale. For indicative purposes only. Unit 4 Unit 2 ESS Boro Const and Ward Bdy CR CHEQUERS LANE 0.6m 4.07 acres total site area N Ordnance Survey Crown Copyright 2018. All rights reserved. Licence number 100022432. PlottedScale - 1:2500 8
Beam Park Dagenham Dock Site Orion Park Former Ford Car Park (17/01502/OUT) Orion Park > Ownership: GLA Land and Property Ltd > Application submitted > 2,900 residential units (50% affordable) > 2 primary schools > New railway station > 56,747 sq ft mixed commercial space > Ownership: Dagenham Dock Ltd > Scoping opinion for redevelopment of the site > 3,200 residential units > 8,000 sq ft mixed commercial space > Secondary school > Ownership: JJ Food Service Holdings Ltd > Ownership: GILL Aggregates (Holdings) Ltd > Outline application submitted > 58 residential units > 67 room hotel > Ownership: Kuehne + Nagel International > Distribution services > 43,548 sq ft mixed commercial space 60 New Road > Ownership: GLA Land and Property Ltd 46-52 New Road > Ownership: Unite The Union Second Trustee Company Ltd Chequers Corner (11/00707/FUL) > Ownership: Premier Inn Hotels Ltd > Full application accepted Jobcentre Plus (17/02144/FUL) > Ownership: London Wall Outsourcing Investments Limited > Full application submitted > 70 residential units Orion Park > Ownership: LMP Dagenham Ltd > DPD Dagenham Merrielands Retail Park > Ownership: Aviva Life & Pensions UK Ltd Orion Park > Ownership: Courts Nominees Ltd > Trust Ford Transit Centre ASDA > Ownership: Mclagan Investments Ltd > Erection of a four storey hotel > 2,066 sq ft mixed commercial space 9 Approximate site boundaries shown.
Cgi of proposed scheme 10
The Development The site benefits from planning consent (17/02111/FUL): > Blocks ranging from 5 to 10 storeys > Total of 325 residential units. 2 x studio flats. 81 x 1 bedroom flats. 240 x 2 bedroom flats. 2 x 3 bedroom flats > 116 affordable units. 55 affordable rent. 61 shared ownership > 1,514 sq m (16,296 sq ft) GIA of commercial floorspace (Use Class A1/A3) > 178 car parking spaces > 3,260 sq m (35,090 sq ft) of amenity space to include landscaping and childrens play space 325 car parking spaces residential units 178 16,296 sq ft of commercial space 35,090 sq ft of amenity space 11
Site Plan Merrielands Retail Park MERRIELANDS CRESCENT Landscaped public realm Service Bay Retail Parking Retail Parking Service Bay BLOCK A BLOCK B BLOCK C BLOCK D BLOCK E UNIT A2 A1 & A3 Use UNIT B1 A1 & A3 Use UNIT B2 A1 & A3 Use UNIT C A1 & A3 Use UNIT D A1 & A3 Use UNIT E1 A1 & A3 Use UNIT A1 A1 & A3 Use CHEQUERS LANE UNIT E2 A1 & A3 Use Service Bay Communal landscape Secure landscaped courtyard Secure landscaped courtyard Landscaped public realm Secure Access BLOCK A Servicing pull-in Secure landscaped courtyard BLOCK B Servicing pull-in BLOCK C Servicing pull-in Servicing lay-by BLOCK D Grass Banking N Residential Car Parking Car Share 2 Standard 49 Disabled 18 Standard EV 42 Disabled EV 16 Residential Cycle Parking Standard 580 Large 32 Visitors 8 (On street) Retail Car Parking Standard 14 Retail Cycle Parking Long term 9 (within units) Short term 43 Total 127 Total 620 Total 14 Total 52 Indicative plan of proposed scheme 12
Blocks Units Block A Block B Block C Block D Block E Total Total % Studio 0 0 0 1 1 2 0.6 1b2p 14 13 14 13 27 81 24.9% 2b3p 7 0 6 7 9 29 8.9% 2b4p 34 40 35 41 61 211 64.9% 3b6p 0 0 1 1 0 2 0.6% Total Flats 55 53 56 63 98 325 100.0% Total Habitable Rooms 151 146 156 176 265 894 Areas NSA (sq ft) Area Schedules Use Block A Block B Block C Block D Block E Private Residential 0,000 0,000 4,341 46,789 70,139 Affordable Residential 40,002 40,175 36,974 0,000 0,000 Commercial (GIA) 3,158 3,217 1,674 2,020 6,227 Overall Area Schedule Commercial GIA Residential GIA Residential NSA Total Blocks GIA SQ FT SQ M SQ FT SQ M SQ FT SQ M SQ FT SQ M 16,296 1,514 318,364 29,577 238,420 22,150 334,660 31,091 10 9 8 7 6 5 4 3 2 1 Ground Indicative cross section of proposed scheme - North Elevation 13
Residential Market Land in outer London has been in demand in particular near to transport nodes and in areas where the Help to Buy scheme is applicable. We have experienced numerous bids for sites of 100 plots plus, with consent. These are from a range of developers, including housing associations and national housebuilders. 15% Dagenham house price growth over the last 24 months Average Dagenham apartment price 25k+ above the national average 14
House Price Growth by London Borough Annual Growth % 20 15 10 5 0-5 -10 Havering Barking & Dagenham House Price Index 500,000 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 2016 2017 Greenwich Westminster City of London Bexley Barnet Redbridge Merton Bromley Enfield Croydon Sutton Waltham Forest Lewisham Southwark Hillingdon Hackney Richmond Harrow Brent Camden Newham Ealing Islington Kingston Tower Hamlets Wandsworth Lambeth Hounslow Haringey H smith & Fulham RBKC 20 15 10 5 0-5 -10 Source - Savills Research 0 Apr-07 Oct-07 Apr-08 Oct-08 Apr-09 Oct-09 Apr-10 Oct-10 Apr-11 Oct-11 Apr-12 Oct-12 Apr-13 Oct-13 Apr-14 Oct-14 Apr-15 Oct-15 Apr-16 Oct-16 Apr-17 Oct-17 Apr-18 United Kingdom London Barking and Dagenham Cgi of proposed scheme 15 Source - Land Registry
Tenure Method of Sale The property is for sale freehold. The property is for sale by way of informal tender. VAT Further Information VAT is chargeable on the purchase price. Further information is available at: www.savills.co.uk/merrielandscrescent Viewings Contacts The site can be viewed from the road, otherwise please contact the selling agents to make an appointment. Ed De Jonge T: 020 7016 3849 E: edejonge@savills.com Alex Soskin T: 020 7409 9993 E: alex.soskin@savills.com Hugh Bushell T: 020 7075 2860 E: hbushell@savills.com DISCLAIMER: Savills on their behalf and for the Vendors or Lessors of this property whose Agents they are, give notice that: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. 2. Whilst Savills uses reasonable endeavours to ensure that the information in these particulars is materially correct, any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection, searches, enquiries, surveys or otherwise as to their accuracy. Savills as such cannot be held responsible for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss of profits resulting from direct or indirect actions based upon the content of these particulars. 3. No person in the employment of Savills has any authority to make any representation or warranty whatsoever in relation to this property. 4. Unless otherwise stated, all purchase prices and rents are correct at the date of publication and, unless otherwise stated, are quoted exclusive of VAT. Lease details and service ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. Designed and produced by www.tlgd.co.uk September 2018.