dagenham - savills · . 2 x studio flats. 81 x 1 bedroom flats. 240 x 2 bedroom flats. 2 x 3...

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Major residential led mixed use development DAGENHAM

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Page 1: DAGENHAM - Savills · . 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

Major residential led mixed use development

D A G E N H A M

Page 2: DAGENHAM - Savills · . 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

2

Dagenham Engine Plant

Dagenham Dock

Dagenham Heathway

City Airport

The River Thames

Old Dagenham Park

Merrielands Retail Park

Barking Reach Power Station

ASDA

London Sustainable Industries Park

D A G E N H A M

A1306 New Road

Chequers Lane

A13 Thames Gateway

Page 3: DAGENHAM - Savills · . 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

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

Page 4: DAGENHAM - Savills · . 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

Location

4

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.

RIVER THAMES

The Chase Nature Reserve

GreenwichPark

Queen ElizabethOlympic Park

Victoria Park

Wanstead Flats

KIN

GSL

AN

D R

OA

D

WHITECHAPEL ROAD

OLD KENT ROAD

PECKHAM ROAD

ELTHAM ROAD

EAST CROSS ROUTE

SIDCUP ROAD

SOU

TH C

IRC

ULA

R R

OA

D

N

OR

TH C

IRC

ULA

R R

OA

D

COMMERCIAL ROAD

NEWHAM WAY

ALFREDS WAY

DAGENHAM

STRATFORD

BARKING

ILFORD

CANNING TOWN

ISLE OFDOGS WOOLWICH

CITY OF LONDON

ROMFORD

PECKHAM

DULWICH

BEXLEYHEATH

BETHNALGREEN

HACKNEY

CHARLTON

THAMESMEAD

ROTHERHITHE

STOKENEWINGTON

DAGENHAM HEATHWAY

WEST HAM

WOOLWICHARSENAL

GREENWICH

BARKING

ABBEYWOOD

DAGENHAM DOCK

STRATFORD

LONDON CITYAIRPORT

THE O2

EMIRATESAIR LINE

CANARYWHARFTHE SHARD

TOWERBRIDGE

Major residential led mixed use development in South Dagenhamwith easy access to the Docklands, and the City.

Not to scale. For indicative purposes only.

Page 5: DAGENHAM - Savills · . 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

5

Situation

> 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.

> 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.

The Site Merrielands Retail Park

Not to scale. For indicative purposes only.

Page 6: DAGENHAM - Savills · . 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

Communications

6

> Dagenham Dock train station is located 0.5 miles (800m) to the south providing services west to Fenchurch Street and Grays to the east

> 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

DAGENHAM

STRATFORD

BARKING

ILFORD

A13

A13

CANNING TOWN

ISLE OFDOGS

WOOLWICH

CITY OF LONDON

ROMFORD

PECKHAM

DULWICHBEXLEYHEATH

BETHNALGREEN

HACKNEY

CHARLTON

THAMESMEADROTHERHITHE

STOKENEWINGTON

District Line

Jubilee Line

Hammersmith & City Line

DLR

National Rail

LONDONFENCHURCH

STREETDAGENHAM

DOCK

WEST HAM

STRATFORD

CANNINGTOWN

DAGENHAM HEATHWAY

BARKING

Amsterdam

Düsseldorf

Geneva

LONDONCITY AIRPORT

DAGENHAM

STRATFORD

BARKING

ILFORD

A13

A13

CANNING TOWN

ISLE OFDOGS

WOOLWICH

CITY OF LONDON

ROMFORD

PECKHAM

DULWICHBEXLEYHEATH

BETHNALGREEN

HACKNEY

CHARLTON

THAMESMEADROTHERHITHE

STOKENEWINGTON

District Line

Jubilee Line

Hammersmith & City Line

DLR

National Rail

LONDONFENCHURCH

STREETDAGENHAM

DOCK

WEST HAM

STRATFORD

CANNINGTOWN

DAGENHAM HEATHWAY

BARKING

Amsterdam

Düsseldorf

Geneva

LONDONCITY AIRPORT

BARKING

6 mins

LIMEHOUSE

16 mins

FENCHURCH ST

21 mins

via West Ham

from Dagenham Dock from Dagenham Dock

from Dagenham Dock

from Dagenham Heathway

via West Ham & Canning Town

STRATFORD

21 mins

CITY AIRPORT

29 mins

WEST HAM

11 mins

Not to scale. For indicative purposes only.

Page 7: DAGENHAM - Savills · . 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

7

Dagenham Dock

West Ham 13 mins

Grays 15 mins

Limehouse 16 mins

London Fenchurch Street 21 mins

City Airport 6.8 miles

M25 7.3 miles

M11 8.5 miles

Whitechapel 10.1 miles

City of London (via A13) 12.3 miles

A13 Thames Gateway

A1306 New Road

Page 8: DAGENHAM - Savills · . 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

8

Description

> The site is now cleared and was formerly used by Ford Motor Company. The site has not been used for approximately 2 years

> The total site area extends 4.07 acres (1.65 hectares)

> The site is not located within a conservation area and there are no listed buildings on site

> Freehold

> Vacant possession can be provided upon completion

> Full site due diligence is available in the data room

TheG

ores

Balancing Pond

L TwrL Twr

MERRIELANDS CRESCENT

MESSIN

AW

AY

El Sub Sta

Park

Merrielands Retail Park

4

El Sub Sta

2

Unit 2

ESS

Unit 4

3

Shelter

Boro

Con

st a

nd W

ard

Bdy

CR

0.6m

3.7m

CHEQ

UER

S LA

NE

El Sub Sta

El Sub Sta

Exchange

ESS

Employment

Shelter

Shelter

Dra

4.3m

5.8m

Shelter

Gores Bridge

E ROAD

31

34

Surgery

Vica

rageTh

eM

anse

1

5

15 1723

6

Hall

9

50

S

Parade

7

61

St Martin's Church

13

53

55

47

4951

5759

Chequers

5

Chequers Parade

Shelter

21

CatholicPrimary School

St Peter's

6

def

5.5m

TCBs

SubEl

Sta

2

1

2 to 8

3

4

22

12

16

30

21

10

3

Church Meeting Room

2

0m 25m 50m 75m

Ordnance Survey © Crown Copyright 2018. All rights reserved.Licence number 100022432. Plotted Scale - 1:2500

N

Not to scale. For indicative purposes only.

4.07acres totalsite area

Page 9: DAGENHAM - Savills · . 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

9

60 New Road

> Ownership: GLA Land and Property Ltd

Chequers Corner (11/00707/FUL)

> Ownership: Premier Inn Hotels Ltd

> Full application accepted

> Erection of a four storey hotel

Orion Park Jobcentre Plus(17/02144/FUL)

> Ownership: London Wall Outsourcing Investments Limited

> Full application submitted

> 70 residential units

> 2,066 sq ft mixed commercial space

Merrielands Retail Park

> Ownership: Aviva Life & Pensions UK Ltd

Beam Park Dagenham Dock Site Former Ford Car Park (17/01502/OUT)Orion Park

> 8,000 sq ft mixed

commercial space

> Secondary school

> 2 primary schools

> New railway station

> 56,747 sq ft mixed

commercial space

> Ownership: GLA Land

and Property Ltd

> Application submitted

> 2,900 residential units

(50% affordable)

> Ownership: Dagenham

Dock Ltd

> Scoping opinion for

redevelopment of the site

> 3,200 residential units

> Ownership:

JJ Food

Service

Holdings Ltd

> Ownership: GILL

Aggregates (Holdings) Ltd

> Outline application submitted

> 58 residential units

> 67 room hotel

> 43,548 sq ft mixed commercial space

> Ownership: LMP Dagenham Ltd

> DPD Dagenham

ASDA> Ownership: Mclagan Investments Ltd

Orion Park

> Ownership: Courts Nominees Ltd

> Trust Ford Transit Centre

Orion Park

> Ownership:

Kuehne +

Nagel International

> Distribution

services

46-52 New Road

> Ownership: Unite The Union Second Trustee Company Ltd

Approximate site boundaries shown.

Page 10: DAGENHAM - Savills · . 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

car parking spaces

10Cgi of proposed scheme

Page 11: DAGENHAM - Savills · . 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

11

The Development

The site benefits from planning consent (17/02111/FUL):

325

178 35,0

90

16,296residentialunits

sq ft of commercial space sq ft

of a

men

ity

spac

e

car parking spaces

> 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

Page 12: DAGENHAM - Savills · . 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

12

MERRIELANDS CRESCENTRetail Parking Retail Parking

ServiceBay

Merrielands Retail Park

Service BayService Bay

SecureAccess

Servicing lay-byServicing

pull-in

Servicing pull-in

Servicing pull-in

Securelandscaped courtyard

Securelandscaped courtyard

Securelandscaped courtyard

Communallandscape

Landscaped public realm

Landscaped public realm

GrassBanking

BLOCK EBLOCK D

BLOCK DBLOCK C

BLOCK CBLOCK B

BLOCK BBLOCK A

BLOCK A

UNIT E2A1 & A3 Use

UNIT E1A1 & A3 Use

UNIT DA1 & A3 Use

UNIT CA1 & A3 Use

UNIT B2A1 & A3 Use

UNIT B1A1 & A3 Use

UNIT A2A1 & A3 Use

UNIT A1A1 & A3

Use

CH

EQU

ERS LAN

E

Site Plan

Indicative plan of proposed scheme

NResidential Car Parking

Car Share 2Standard 49Disabled 18Standard EV 42Disabled EV 16

Total 127

Residential Cycle Parking

Standard 580Large 32Visitors 8(On street)

Total 620

Retail Car Parking

Standard 14

Total 14

Retail Cycle Parking

Long term 9(within units)Short term 43

Total 52

Page 13: DAGENHAM - Savills · . 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

10987654321Ground

13

Area SchedulesOverall 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

Blocks

Units Block A Block B Block C Block D Block E Total Total %

Studio 0 0 0 1 1 2 0.61b2p 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)

Use Block A Block B Block C Block D Block EPrivate Residential 0,000 0,000 4,341 46,789 70,139 Affordable Residential 40,002 40,175 36,974 0,000 0,000Commercial (GIA) 3,158 3,217 1,674 2,020 6,227

Indicative cross section of proposed scheme - North Elevation

D A G E N H A M

Page 14: DAGENHAM - Savills · . 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

14

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

above the national average

£25k+

Page 15: DAGENHAM - Savills · . 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

15

House Price Growth by London Borough

House Price Index

Cgi of proposed scheme

£500,000

-10

-5

0

5

10

15

20

-10

-5

0

5

10

15

20

2016 2017

£450,000

Barking and DagenhamLondonUnited Kingdom

£400,000

£350,000

£300,000

£250,000

£200,000

£150,000

£100,000

£50,000

£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

Apr-

18

Oct

-17

Annu

al G

row

th %

Haver

ing

Barking &

Dag

enham

Green

wich

Westm

inster

City of L

ondon

Bexley

Barnet

Redbridge

Merto

n

Bromley

Enfield

Croyd

on

Sutto

n

Walt

ham Fo

rest

Lewish

am

South

wark

Hillingd

on

Hackn

ey

Richmond

Harro

wBre

nt

Camden

Newham

Ealing

Islingto

n

Kingsto

n

Tower

Ham

lets

Wan

dsworth

Lambeth

Hounslow

Haringe

y

H’smith

& Fu

lhamRBKC

£500,000

-10

-5

0

5

10

15

20

-10

-5

0

5

10

15

20

2016 2017

£450,000

Barking and DagenhamLondonUnited Kingdom

£400,000

£350,000

£300,000

£250,000

£200,000

£150,000

£100,000

£50,000

£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

Apr

-18

Oct

-17

Annu

al G

row

th %

Haver

ing

Barking &

Dag

enham

Green

wich

Westm

inster

City of L

ondon

Bexley

Barnet

Redbridge

Merto

n

Bromley

Enfield

Croyd

on

Sutto

n

Walt

ham Fo

rest

Lewish

am

South

wark

Hillingd

on

Hackn

ey

Richmond

Harro

wBre

nt

Camden

Newham

Ealing

Islingto

n

Kingsto

n

Tower

Ham

lets

Wan

dsworth

Lambeth

Hounslow

Haringe

y

H’smith

& Fu

lhamRBKC

Source - Savills Research

Source - Land Registry

Page 16: DAGENHAM - Savills · . 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

Tenure

VAT

Viewings Contacts

Method of Sale

Further Information

The property is for sale freehold.

VAT is chargeable on the purchase price.

The site can be viewed from the road, otherwise please contact the selling agents to make an appointment.

Ed De JongeT: 020 7016 3849 E: [email protected]

Alex Soskin T: 020 7409 9993 E: [email protected]

Hugh Bushell T: 020 7075 2860E: [email protected]

The property is for sale by way of informal tender.

Further information is available at:

www.savills.co.uk/Merrielandscrescent

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.