FREEHOLD FOR SALE POTENTIAL REDEVELOPMENT OPPORTUNITY FOR A MIXED-USE SCHEME OF RESIDENTIAL AND COMMERCIAL USES (B1 & B8 USE CLASSES).

PLANNING ADVICE HAS BEEN SOUGHT FROM THE LOCAL AUTHORITY FOR A MIXED-USE, RESIDENTIAL-LED DEVELOPMENT TO INCLUDE 455 RESIDENTIAL UNITS AND COMMERCIAL SPACE

SITUATED ON A PROMINENT CORNER AT THE JUNCTION OF RAINHAM ROAD SOUTH, OXLOW LANE AND DAGENHAM ROAD

CURRENTLY USED AS A DISTRIBUTION CENTRE AND TRADE COUNTER WITH ASSOCIATED WAREHOUSING AND OFFICES

SITE COMPRISES 6.13 ACRES (2.48 HECTARES)

FREEHOLD FOR SALE WITH VACANT POSSESSION

UNCONDITIONAL OFFERS INVITED

OXLOW LANE

WALTZ RO

AD

MANCHESTER WAY

STERLING INDUSTRIAL ESTATE

RAINHAM ROAD SO

UTH

RAINH

AM RO

AD N

ORTH

REXEL

Site

pla

n fo

r ind

icat

ive

purp

oses

onl

y an

d no

t to

scal

e.2 REXEL

4

G R E E N W I C HG R E E N W I C H

N E W H A MN E W H A M

R E D B R I D G ER E D B R I D G E

W A LT H A MF O R E S T

W A LT H A MF O R E S T

T O W E RH A M L E T S

T O W E RH A M L E T S

PONTOON DOCK KING GEORGE V

LONDON CITY AIRPORT

ROYAL ALBERT CYPRUSBECKTON PARK

PRINCE REGENT

CUSTOM HOUSE GALLIONS REACH

BECKTON

DEPTFORD BRIDGE

GREENWICH

CUTTY SARK

ISLAND GARDENS

MUDCHUTE

CROSSHARBOUR

SOUTH QUAY

HERON QUAYSWEST SILVERTOWN

CANARY WHARF

WEST INDIA QUAY

POPLAR BLACKWALL

WESTFERRY EAST INDIA ROYAL VICTORIA

ALL SAINTS

LANGDON PARK

STAR LANE

DEVONS ROAD

BOW ROAD

BOW CHURCH

ABBEY ROAD

PUDDING MILL LANE

STRATFORD HIGH STREET

STRATFORD

WOOLWICH ARSENALWOOLWICH DOCKYARD

ABBEY WOOD

BELVEDERE

RAINHAM

DAGENHAM DOCK

WOODGRANGE PARK

WANSTEAD PARKMANOR PARK

ILFORD

SEVEN KINGS

GOODMAYES

CHADWELL HEATH

ROMFORD

NEW CROSS GATE

NEW CROSS

DEPTFORD

MAZE HILL

WESTCOMBE PARK

SURREY QUAYS

FOREST GATE

LEYTONSTONE HIGH ROAD

LEYTON MIDLAND ROAD

ST JAMES STREET

WALTHAMSTOW QUEENS ROAD

WOOD STREET

HIGHAMS PARK

LIMEHOUSE

HACKNEY WICKSTRATFORD INTERNATIONAL

MARYLAND

SLADE GREEN

ERITHCHARLTON

PLUMSTEAD

UPTON PARK

EAST HAM

UPNEYBARKING

BECONTREE DAGENHAM HEATHWAY

DAGENHAM EAST

ELM PARK

WANSTEADREDBRIDGE NEWBURY PARK

GANTS HILL

BARKINGSIDE

SOUTH WOODFORD

FAIRLOP

HAINAULT

WOODFORD

GRANGE HILL

RODING VALLEY

CHIGWELL

NORTH GREENWICH

CANARY WHARF

LEYTON

LEYTONSTONE

SNARESBROOK

WALTHAMSTOW CENTRAL

CANNING TOWN

MILE ENDBROMLEY-BY-BOW

WEST HAM

PLAISTOW

Hainault Forest

Fairlop Plain

Wanstead Flats

Blackheath

GreenwichPark

HACKNEY MARSH

VICTORIA PARK

NORTH END

SLADE GREEN

UPPER BELVEDERELESSNESS HEATH

NORTHUMBERLAND HEATH

BECONTREE

BECONTREE HEATH

RUSH GREEN

SOUTH HORNCHURCH

ELM PARK

HEATH PARK

CHADWELL HEATH

MARKS GATE

RISE PARK

COLLIER ROW

CHASE CROSS

SHOOTERS HILL EAST WICKHAM

WEST HEATHBOSTALL WOODSPLUMSTEAD COMMON

PLUMSTEAD

BOSTALL HEATHLESNES ABBEY

ABBEY WOOD

WEST THAMESMEAD

THAMESMEAD

CREEKMOUTH

BARKING RIVERSIDE

LOXFORD

CHINGFORD HATCH

WOODFORD WELLS

WOODFORD GREEN

WOODFORD BRIDGE

REPTON PARK

FULLWELL CROSS

GRANGE HILL

FAIRLOP

HAINAULT

SNARESBROOK

SOUTH WOODFORD

ALDERSBROOK

REDBRIDGE

MANOR PARK

CLAYHALL

CRANBROOK

GANTS HILL

BARKINGSIDE

NEWBURY PARK

SEVEN KINGS

ALDBOROUGH HATCH

GOODMAYES

LITTLE HEATH

CHARLTON

NEW CHARLTON

ROYAL ARSENAL WEST

SILVERTOWN

NORTH GREENWICH

NORTH WOOLWICH

BLACKWALL

CYPRUSCUSTOM HOUSE

CANNING TOWN

BECKTON

PLAISTOW

WALLENDUPTON PARK

UPTON

PLASHET

FOREST GATE

LITTLE ILFORD

NEW CROSS

MARKETSPITALFIELDS

NEW

LEYTONSTONE

UPPER WALTHAMSTOW

HIGHAM HILL

WALTHAMFOREST

HALE END

HIGHAMS PARK

CUBITT TOWNMILLWALL

ROTHERHITHE

RATCLIFF LIMEHOUSE

BOW COMMON

BROMLEY

MILL MEADS

CLAPTON PARK

OLD FORD STRATFORD MARSH

STRATFORD NEW TOWN

RAINHAM

BARKING

ROMFORD

WOOLWICH

WOODFORD

WANSTEAD

DEPTFORD

ILFORD

WEST HAM

GREENWICH

WALTHAMSTOW

BOW

POPLAR

ISLE OF DOGS

DAGENHAM

ERITH

STRATFORD

EAST HAM

LEYTON

BALLARDS ROAD

LOWER ROAD

LARKSHALL ROAD

WIN

CHES

TER

ROAD

FRIDAY HILL

ORA

NG

E TR

EE H

ILL

HAVE

RING ROAD

COLLIER ROW ROAD

LAMBOURNE ROAD

MANOR ROAD

BILLET ROAD

FULBOURN

E ROAD

GO

OD

MAY

ES LA

NE

BENNETT'S CASTLE LANE

ROMFORD ROAD

CHASE CROSS ROAD

COLLIER RO

W LAN

E

ABBOTT ROAD

ROTHERHITHE

REDRIFF ROAD

PLOUGH WAY

GRO

VE STREET

WICK ROAD

ST PAUL'S WAY

BEN JONSON ROAD

HOMERTON ROAD

PRINCE O

F WALES ROAD

PICA

RDY

MAN

ORW

AY

ABBEY ROAD

MCLEOD ROAD

RANCLIFFE ROAD

EAST AVENUE

CENTR A L PARK ROAD

KATHERINE ROAD

BROW

NING ROAD

BARL

EY L

ANE

BEEHIVE LANE

LITTLE

HEATH

HILLREACH

GREEN STREET

PLASHET GROVE

PLASHET ROADPORTWAY

BALA

AM

STR

EET

WO

OD STREET

CHARLTON

VANBRUGH PARK

CHARLTON WAY

DAMES ROAD

HARROW ROAD HARROW ROAD

CATHALL ROAD

FRANCIS ROAD

VICARA

GE

LANE

PARNELL ROAD

OLD FORD ROAD

ROMAN ROAD

NO

RMAN R

OAD

HYDE VALE

MAL

PAS R

OAD

TRUNDLEY'S ROAD

SANFO

RD

LEWISHAM WAY

A2

A12

A13

A117

A117

NORTH CIRCULAR RO

AD

ACAD

EMY

ROAD

EAST CROSS ROUTE

A12

A406

A406

A406

FOREST ROAD

A503

BLACKHEATH HILL

A2209

HIGH STREET

BOW ROAD

A112

BLAC

KWAL

L LA

NE

A102

LOWER LEA CROSSING

SILVERTOWN W

AY

NEWHAM WAY

A13

A102

0

ROYAL ALBERT WAY

NEWHAM WAY

WOOLWICH CHURCH STREET

WOOLWICH ROAD

A206

EASTERN AVENUE

WO

ODFORD AVENUE

A1400

CRAN

BROOK ROAD

A123

A12

LONGBRIDGE ROAD

A124

ILFORD HILL

NORTH CIRCULAR ROAD

A406

ABBEY ROAD

NO

RTHERN RELIEF ROAD

HIGH

STREET SOUTH

A117

ROYA

L DO

CKS

ROAD

A1020

BERESFORD STREETPLUMSTEAD ROAD

WESTERN WAY

CENTRAL WAY

A204

1

CARLYLE ROAD

A2041

A13

RIPPLE ROAD

A124

EASTERN WAYA2016

EASTERN WAY

A2016

CHOATS MANOR WAY

A13

BRONZE AGE WAY

A2016

MAR

SH W

AY

DAGENHAM ROAD

NEW ROAD

A1306

QUEENS ROADN

ORTH

END

ROAD

A206

A1251

ROM VALLEY WAY

A125

EASTERN AVENUE EAST

A118

A2041

EAST CROSS ROUTE

RUCKHOLT ROAD

A106

BURDETT RO

AD

BLACKWALL TUNN

EL NO

RTHERN

APPROACH

RAINHAM ROAD NO

RTH

WHALEBO

NE LANE SOUTH

NORTH CIRCULAR ROAD

WALTHAMSTO

W AVEN

UE (NORTH CIRCULAR ROAD)

A406

ROMFORD ROAD

A1112

EASTERN AVENUEA12 EASTERN AVENUE WEST

A12

A1251

SOUTHEND ROAD

WO

OD

FORD

NEW

RO

AD

A104

HIGH

RO

AD W

OO

DFO

RD G

REEN

HO

E STREET

A112

A103

7

A1009

OLD

CH

URC

H RO

AD

NEW ROADA1009

A112

A112

MARKH

OU

SE ROAD

A1006

CHURCH RO

A D

A1006

BLACKHORSE R

OAD

A406

HALL

LANE

A1009

CHINGFORD LANE

A1009

HIGH RO

AD

WO

OD

FORD

RO

AD

A119

9

CHIGW

ELL R

OAD

A113

BROADMEAD ROAD

A1009

CHIG

WELL ROAD

CHIGWELL ROAD

HIGH

STRE

ET

WH

ALEB

ON

E LA

NE N

ORT

H

A1112

HAINAULT ROAD

HIGH ROAD

A118

GREEN LANE

GREEN LANE

A1083

WOOD LANE

LONDON ROAD

A118

FENCEPIECE ROAD

A123

WESTFER

RY ROAD

PRES

TON'

S RO

AD

MANCHESTER ROAD

EVELYN STREET

A200

HOMERTON HIGH STREET

CASSLAND ROADA106

VICTORIA PARK ROAD

LEA BRIDGE ROAD

A104

EASTWAY

KNEE HILL

ERITH ROAD

A206

WOOLWIC

H ROAD

A206

DOVER ROAD / SHOOTERS HILL

SHOOTERS HILL ROAD

A207

HORNCHURCH ROADA124

UPPER RAINHAM ROAD

A125

MAIN ROAD

NORTH STREET

A125

RUSH GREEN ROAD

A124

WOOD LANE

A1112

FRASER ROAD

BEXL

EY R

OAD

A220

RAIN

HAM

RO

AD

RAINHAM R

OAD

A125

HEATH

WAY

A1240

A1306

HARRO

W M

ANO

R WAY

PLUMSTEAD HIGH STREETA206

BOSTALL HILLWIC

KHAM LANE

A209

UPPE

R W

ICKH

AM L

ANE

PORTERS AVENUE

A1153

A13

LODG

E AV

ENUE

A1153

RIPPLE ROAD

A123

A123

ALFRED'S WAY (EAST HAM AND BARKING BY-PASS)

A205

BARKING ROAD

A124

A117

ILFORD LANE

A123

A124

A117

ROMFORD ROAD

A118

FOREST DRIVE

HIGH STREET N

ORTH

CRANBROO

K ROAD

A13

ALBERT ROADA112

A112

PRINCE REG

ENT LAN

E

UPTO

N L

ANE

A114

A114

HIGH STREET

A112

A112

BLAKE HALL RO

ADA114

ALDERSBROOK ROAD

A116

HERM

ON H

ILL

A113

HOLLYBUSH

HILL

WHIPPS CROSS ROAD

A114

A106

A104

LEA BRIDGE ROAD

WOOLWICH ROAD

TRAFALGAR ROAD

A206

CREEK ROAD

CEN

TRE

ROAD

A114

A112

GROVE GREEN ROAD

A106

HIGH RO

AD LEYTON

A118

LEYTON ROAD

A11

GRO

VE ROAD

MANOR RO

AD

A406

A406

A102

A12

A12

A12

A12

A102

M11

REEDLE LANE

OXLOW L ANE

RAINHAM ROAD SO

UTH

REXEL

LOCATION The site occupies a prominent corner at the junction of Rainham Road South, Oxlow Lane and Dagenham Road, the site is on the north-western edge of the Sterling and Wantz Industrial Estate within the London Borough of Barking and Dagenham. Oxlow Lane and Dagenham Road form an east-west route connecting Beacontree and Romford. Rainham Road North and Rainham Road South are busier distributor roads connecting Goodmayes and Chadwell Heath to the north and South Hornchurch and Rainham to the south.

There are a number of schools within a mile of the site including Eastbrook School, Trinity School and Richard Albion School as well as Barking and Dagenham College. A number of leisure facilities and green spaces are located nearby. A football ground, cricket club and a sports and social club are located within a 10-minute walk. Nearby green spaces are similarly close by offering parks, nature reserves and lakes for local residents.

DESCRIPTION The existing buildings on site are separated into two distinct footprints. On the southern boundary, the linear warehousing is terminated at the east with a three storey office building and returns to the west, increasing to 5-6 storeys and providing two levels of warehousing. The building to the northern boundary is used as warehousing with office space arranged over two floors. The total site area is 6.13 acres (2.48 ha).

The site is well served by public transport with excellent connections via bus and tube. Dagenham East Underground Station is located to the south of the site, providing District Line services into Central London. Bus services on Rainham Road and Dagenham Road are served by the 103 and 364 services.

DISTANCES

3 REXEL

WEST HAM

21MINS

BARKING

10MINS

VICTORIA

49MINS

BLACKFRIARS

43MINS

MONUMENT

36MINS

DAGENHAM EAST

0MINS

12 M

INSREXEL

UPMISTER

9MINS

RESIDENTIALLand in the outer London Boroughs has been increasingly in demand as pressure to deliver London Housing under the Mayors London Plan targets. Those London Boroughs with improving infrastructure, transport links and major regeneration areas have been the focal point in terms of meeting these targets. More than 35,000 new homes are proposed to be built in the borough over the next 20 years, which in turn will create high-value opportunities in the retail and leisure sectors. Population growth through new housing and a rising birth rate, as well as an increasingly diverse population, bring new opportunities for markets and a built-in opportunity for real sales growth.

Barking and Dagenham offers some of London’s most affordable brownfield development sites, as well as highly competitive office, retail, industrial and commercial space. Major investment is already flowing into the borough with major development schemes such as; Barking Riverside (10,000+ new homes and services), Beam Park (3,000 new homes and 1,000 new jobs) and

Chadwell Heath (new Crossrail station and 3,000+ new homes). Dagenham has seen house price growth of 15% over the last 24 months, with average apartment values £25,000+ above the national average.

INDUSTRIALThe logistics market is inevitably moving towards a new norm in terms of speed of delivery as consumers increasingly require shorter delivery time, immediacy, or even bespoke delivery slots when purchasing online. A combination of factors including population growth, urbanisation, higher density living and further growth in e-commerce, will create extra demand for last-mile logistics units, particularly in locations in, and around the M25 motorway.

The Barking and Dagenham market, however, saw a drop in demand in 2018 to a total of 162,000 sq ft take-up versus the circa 340,000 sq ft transacted in 2017. Rather than a slowdown in occupier appetite for the area, the lack of available units in the market is believed to have hampered activity as occupiers were left with very limited, if not any, options to fulfil requirements. In fact, as of the end of December 2018, Barking and Dagenham market had a vacancy rate of 2.8%, drastically down from the previous peak of 13.5% in 2012.

MARKET COMMENTARY

4 REXEL

PLANNING Local Authority support in principle following pre-application advice for a mixed-use, residential-led development including 455 residential units and associated commercial uses.

The site forms part of a wider area that is designated as a Locally Significant Industrial Site (LSIS). The northern edge of the site is subject to a Tree Preservation Order, and the site is adjacent to the Eastbrook Neighbourhood Centre.

As the site is used predominantly for warehousing, with a small element of the site being used as an ancillary trade counter, it is considered to fall within Class B8 of the Town and Country (Use Classes) Order 1987 (as amended). It is therefore understood to be within a lawful “storage and distribution” use.

PRINCIPLE OF POTENTIAL USE The Council’s Core Strategy makes clear at Policy EC3 that the partial release of sites within a designated Locally Significant Industrial Site will be considered acceptable where it can be demonstrated that the remaining part of the designated site will be more intensively developed to ensure no net loss of employment provided.

The proposed scheme has also had regard to the proposed policies relating to industrial land in the new draft of the London Plan.

Supporting the viability of the scheme, whilst also contributing to another Borough priority, the proposals incorporate a range of new market and affordable homes. The exact amount of market and affordable housing proposed would be agreed subject to detailed financial modelling of the scheme for which permission was sought.

SCALE & HEIGHT The site offers significant potential for increased height where this relates effectively to the street. The wider area also includes a number of medium-rise buildings with large footprints.

PROPOSED DEVELOPMENT

TOTAL RESIDENTIAL UNITS1B2P 159 50m2 35%

2B3P 69 63m2 15%

2B4P 159 70m2 35%

3B5P 68 86m2 15%

455 100%AREA

Gross Residential Area 36,892m2 (382,188ft2)

Net Residential Area 29,279m2 (315,159ft2)

Residential Net to Gross 79%

COMMERCIALLight Industrial 7,000m2 (75,347ft2)

B8 Storage 7,700m2 (82,822ft2)

B1 Office (Excluding Parking) 7,000m2 (75,347ft2)

Total 21,700m2 (233,577ft2)

PARKINGPTAL Rating 3

Residential Disabled Parking 49

Total Residential Parking

261 (57%)

B1 Space Parking 21

B8 Storage Parking 17

Light Industrial Parking 52

5 REXEL

DISCLAIMER: Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. (05/19). Colliers International is the licensed trading name of Colliers International Business Space UK LLP which is a limited liability partnership registered in England and Wales with registered number OC391631. Our registered office is at 50 George Street, London W1U 7GA.

FURTHER INFORMATION An information pack has been prepared as part of this sale to include but not limited to; title information, historic planning pack, updated planning note and surveys. All details can be accessed from the dataroom www.rexelRM10.com

METHOD OF SALE The subject property is for sale via informal tender with a bid date to be announced by sole agents Colliers International in due course.

The Vendor has requested that all offers are unconditional of planning and the Vendor is not bound to accept the highest and/or any offer.

TENURE Freehold with delayed Vacant Possession.

GUIDE PRICE Offers in excess of £18,000,000.

VAT VAT will be chargeable on the purchase price at the prevailing rate.

VIEWINGS ARE AVAILABLE STRICTLY BY PRIOR APPOINTMENT THROUGH SOLE AGENTS COLLIERS INTERNATIONAL.For any additional information on this sale please speak to one of the following in the Colliers Residential Development department;

ANDREW WHITEResidential Development020 7344 6722andrew.white@colliers.com

JAMES BURKEResidential Development020 7344 6964james.burke@colliers.com

MEGAN ORRResidential Development020 7344 6527megan.orr@colliers.com

AKHTAR ALIBHAIIndustrial and Logistics020 7344 6583Akhtar.Alibhai@colliers.com

6 REXEL