Merrielands Crescent, Dagenham

DAGENHAM

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 ASDA

A1306 New Road

City Airport

Merrielands Retail Park

DAGENHAM

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

ROMFORD

Location ILFORD

STRATFORD Queen Elizabeth Olympic Park

Victoria Park

WEST HAM

AD L RO APE H C I TE WH

CANNING TOWN

COMMER CIAL ROAD

CITY OF LONDON

BARKING

AY SW RED ALF DAGENHAM DOCK

WAY HAM NEW T RIVER HAMES

OL D

KE NT RO AD

PECKHAM ROAD

THE O2 CANARY WHARF EMIRATES AIR LINE

ISLE OF DOGS

WOOLWICH CHARLTON

GREENWICH

THAMESMEAD

WOOLWICH ARSENAL

ABBEY WOOD

ROA D

ROTHERHITHE

The Chase Nature Reserve

DAGENHAM

LONDON CITY AIRPORT TOWER BRIDGE

DAGENHAM HEATHWAY

BARKING

Greenwich Park

U TH

PECKHAM

SO

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.

HACKNEY

BETHNAL GREEN

THE SHARD

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.

Wanstead Flats

STRATFORD

CIRC UL A R

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.

KIN GS LA ND RO AD

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.

E

E

NORTH CIRCUL AR ROA D

STOKE NEWINGTON

UT RO S S RO TC S A

ELTH AM

DULWICH

ROAD

SID CUP ROA D

BEXLEYHEATH 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.

>

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

Merrielands Retail Park

E TON

LONDON NCHURCH STREET

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 Hammersmith & City Line

>

Dagenham Heathway Underground Jubilee Line station is located 0.9 miles (1.5 km) to the northDLR providing District Line services National RailUpminster in the east west towards Central London, and

>

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 STOKE

BARKING

WEST HAM

LIMEHOUSE

mins

mins

mins

6

11

16

from Dagenham Dock

from Dagenham Heathway

FENCHURCH ST

STRATFORD

mins

mins

from Dagenham Dock

District Line

21

CITY AIRPORT

21

from Dagenham Dock

NEWINGTON

ROMFORD

29 mins

via West Ham

via West Ham & Canning Town

ILFORD

Hammersmith & City Line

STRATFORD

HACKNEY

DAGENHAM HEATHWAY

STRATFORD

District Line

BARKING

Jubilee Line DLR

ROMFORD

National Rail

BARKING

WEST HAM

BETHNAL GREEN CITY OF LONDON

CANNING TOWN CANNING TOWN ILFORD

LONDON FENCHURCH STREET

HACKNEY

STRATFORD ROTHERHITHE

WEST HAM

BETHNAL GREEN Not to scale. For indicative purposes only.

ISLE OF DOGS

A13

DAGENHAM HEATHWAY

Düss eldo rf

THAMESMEAD

WOOLWICHDAGENHAM

BARKING

Ge ne va

CHARLTON

A13

DAGENHAM DOCK

Amsterdam

BARKING

CANNING TOWN CANNING TOWN

A13

LONDON CITY AIRPORT

STRATFORD

DAGENHAM

6

Amsterdam

DAGENHAM DOCK

Dagenham Dock West Ham

13 mins

Grays

15 mins

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

A13 Thames Gateway

A1306 New Road City of London (via A13)

7

12.3 miles

S

Dra

21

ge Vic ara

The

Man se

50

5.8m

Church Meeting Room

St Martin's Church

El Sub Sta

34

31

30

2

5.5m

22

21

17 15

16

23

12

13

Hall

10 2 to

7

St Peter's Catholic Primary School

8

3

1 2

Description

47

TCBs

y Surger

53 51 49 57 55

59

6

9

de

3

4

rs Para Cheque

uers Cheq e Parad

61

Shelter

5

f

de

Shelter

4.3m

Gores Bridge 6

5

E ROAD

>

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

1

Merrielands Retail Park

Shelter

2

El Sub Sta

4

3.7m

Employment Exchange

3

> Freehold

MERRIELANDS CRESCENT

L Twr L Twr

Shelter

El Sub Sta

MESSINA WAY

0.6m

Unit 2 ESS

res

The Go and Ward Shelter

CR

75m

Boro Const

50m

Bdy

Balancing Pond

25m

Full site due diligence is available in the data room

acres total site area

CHEQUERS

LANE

Unit 4

0m

>

4.07

ESS

Not to scale. For indicative purposes only.

Vacant possession can be provided upon completion

El Sub Sta

El Sub Sta

Park

>

Ordnance Survey Š Crown Copyright 2018. All rights reserved.

Licence number 100022432. Plotted Scale - 1:2500

8

N

Beam Park

Dagenham Dock Site

> 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

Orion Park

Former Ford Car Park (17/01502/OUT)

Orion Park > Ownership: Kuehne + Nagel International

> Ownership: Dagenham Dock Ltd

> 8,000 sq ft mixed commercial space

> Ownership: JJ Food

> Ownership: GILL Aggregates (Holdings) Ltd

> Scoping opinion for redevelopment of the site

> Secondary school

Service Holdings Ltd

> Outline application submitted

> Distribution services

> 58 residential units

> 3,200 residential units

> 67 room hotel > 43,548 sq ft mixed commercial space

60 New Road

46-52 New Road

Chequers Corner (11/00707/FUL)

> Ownership: GLA Land and Property Ltd

> Ownership: Unite The Union Second Trustee Company Ltd

> Ownership: Premier Inn Hotels Ltd > Full application accepted > Erection of a four storey hotel

Jobcentre Plus

Orion Park

(17/02144/FUL)

> Ownership: LMP Dagenham Ltd

> Ownership: London Wall Outsourcing Investments Limited

> DPD Dagenham

> Full application submitted

Merrielands Retail Park > Ownership: Aviva Life & Pensions UK Ltd

Orion Park

ASDA

> Ownership: Courts Nominees Ltd

> Ownership: Mclagan Investments Ltd

> Trust Ford Transit Centre

> 70 residential units > 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):

. 81 x 1 bedroom flats . 240 x 2 bedroom flats . 2 x 3 bedroom flats

325

residential units

car parking spaces

178

. 61 shared ownership

> 178 car parking spaces > 3,260 sq m (35,090 sq ft)

of amenity space to include

> 1,514 sq m (16,296 sq ft) GIA of

landscaping and childrens play

space

commercial floorspace (Use Class A1/A3)

16,296

sq ft of commercial space 11

sq ft of amenity space

> Total of 325 residential units . 2 x studio flats

> 116 affordable units . 55 affordable rent

35,090

> Blocks ranging from 5 to 10 storeys

Site Plan Merrielands Retail Park

MERRIELANDS CRESCENT Retail Parking

Service Bay

Retail Parking

Service Bay

Landscaped public realm

BLOCK B

BLOCK A

UNIT A2 A1 & A3 Use

UNIT B1 A1 & A3 Use

BLOCK C

UNIT B2 A1 & A3 Use

BLOCK D

UNIT C A1 & A3 Use

BLOCK E

UNIT D A1 & A3 Use

UNIT E1 A1 & A3 Use

Service Bay

UNIT E2 A1 & A3 Use

Secure landscaped courtyard

Secure landscaped courtyard

Communal landscape

Landscaped public realm Secure Access

BLOCK B

BLOCK A

Servicing pull-in

Secure landscaped courtyard

BLOCK C Servicing pull-in

BLOCK D Servicing lay-by

Servicing pull-in

Grass Banking

N

Indicative plan of proposed scheme

Residential Car Parking

Residential Cycle Parking

Retail Car Parking

Retail Cycle Parking

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

Standard 580 Large 32 Visitors 8 (On street)

Standard 14

Long term (within units) Short term

Total 127

Total 620

Total 14

12

9 43

Total 52

L ANE CHEQUERS

UNIT A1 A1 & A3 Use

Blocks Units

Block A

Studio 1b2p 2b3p 2b4p 3b6p

Block C

Block D

Block E

0 0 0 1 14 13 14 13 7 0 6 7 34 40 35 41 0 0 1 1

Total Flats 55 Total Habitable Rooms 151

DAGENHAM

Block B

53 146

56 156

63 176

Total

Total %

1 2 0.6 27 81 24.9% 9 29 8.9% 61 211 64.9% 0 2 0.6%

98 265

325 894

100.0%

Areas

Use Private Residential Affordable Residential Commercial (GIA)

Block A 0,000 40,002 3,158

Block B 0,000 40,175 3,217

NSA (sq ft) Block C 4,341 36,974 1,674

Block D 46,789 0,000 2,020

Block E 70,139 0,000 6,227

Area Schedules Overall Area Schedule

Commercial GIA

SQ FT SQ M

16,296 1,514

10 9 8 7 6 5 4 3 2 1 Ground

Indicative cross section of proposed scheme - North Elevation

13

Residential GIA SQ FT SQ M 318,364

Residential NSA SQ FT SQ M

29,577 238,420

Total Blocks GIA SQ FT SQ M

22,150 334,660

31,091

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

ÂŁ25k+ above the national average

14

House Price Growth by London Borough 2016

Annual Growth Annual Growth % %

20

2016

2017 20

2017

20 15

15 20

15 10

10 15

10 5

5

05

0 5

-50

-5 0

-10 -5

-10 -5

g m ch er on ey et ge on ey ld on on st m rk on ey nd w nt en m ng on on ts th th w ey m C l fie d tt re ha a d i st d xl rn id e lo g ha BK t t t n o ro re d ha li le r rin ha ve en enw in Lon Be Ba br Mer rom En roy Su Fo wis thw ling ack hm Har B am ew Ea ling ings am swo mb uns arin Ful R a d s K H nd La o H & u il H ic B C N I C H ag re stm f e m e o r -10 H L H R R a S D G e yo e h ha & y ld alt n n st m rk y et y d w nt n m y m C g W gow nW n ts th thit w e n n m it h er n ng erin ha wCic nst ndo exle rn ridg r to mle fie Wydo tto ore sha wa gdo kne on rro re de ha alinT g to sto le or Hb’sem slo inge lha BK a ki g m R u B e n n m i n m c E i a n n o v w w h o n r o b F i B m a S i B n a e E r l e i H ds a ou Har Fu M Br w ut ill Ha ich H d s C I C Ha ag ree stm f L K e N Ba L m e & H L So H a R R D G e yo er an th th w W it W i l & a g To C sm W in H’ rk Ba

10

-10

Source - Savills Research

House Price Index £500,000 £450,000 £500,000 £400,000

£450,000 £350,000 £400,000 £300,000 £350,000 £250,000 £300,000 £200,000 £250,000 £150,000 £200,000 £100,000

United Kingdom

Cgi of proposed scheme 15

London

London

Barking and Dagenham

Apr-18

United Kingdom

Oct-17 Apr-18

Apr-09 Apr-09 Oct-09 Oct-09 Apr-10 Apr-10 Oct-10 Oct-10 Apr-11 Apr-11 Oct-11 Oct-11 Apr-12 Apr-12 Oct-12 Oct-12 Apr-13 Apr-13 Oct-13 Oct-13 Apr-14 Apr-14 Oct-14 Oct-14 Apr-15 Apr-15 Oct-15 Oct-15 Apr-16 Apr-16 Oct-16 Oct-16 Apr-17 Apr-17 Oct-17

£0

Apr-08Apr-08 Oct-08Oct-08

£50,000

Apr-07 Apr-07 Oct-07Oct-07

£150,000 £50,000 £100,000 £0

Source - Land Registry

Barking and Dagenham

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.