V I C T O R I A W O R K S

WANDSWORTH RIVERSIDE, SW18

OUTSTANDING RIVERSIDE RESIDENTIAL DEVELOPMENT OPPORTUNITY

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18

A UNIQUE OPPORTUNITY TO PURCHASE ONE OF THE FINAL DEVELOPMENT

SITES IN THIS EXCLUSIVE ENCLAVE OF RIVERSIDE REGENERATION

V I C T O R I A W O R K S

AN OUTSTANDING RIVERSIDE RESIDENTIAL DEVELOPMENT OPPORTUNITY IN THE HEART OF THE WANDLE DELTA

- 1.02 acre (0.41 hectare) freehold site

- Situated in an idyllic enclave of recently completed development between the

River Thames, the River Wandle and Wandsworth Park

- Wandsworth Town Station is just over 5 minutes on foot

- Existing offices and warehouses extending to 40,722 sq ft GIA

- Allocated for residential-led mixed-use development

- Currently let to 8 tenants, generating £291,375 pa

- Vacant possession deliverable in June 2017, providing ample time to secure

detailed planning permission

- Offers are invited for the freehold and long leasehold interests, subject to the

existing tenancies

SUMMARY

V I C T O R I A W O R K S

VICTORIA WORKS, 9, 11 AND 19

OSIERS ROAD, SW18.

Victoria Works is located to the north of

Wandsworth Town in the Wandle Delta,

close to the point at which the River Wandle

meets the River Thames.

Once an area of industrial significance,

the area has made way for wholescale

redevelopment to produce high quality

residential accommodation in an extremely

popular location. Victoria Works provides

the final sizeable opportunity to develop

within this tranquil riverside location.

The site is perfectly located to enjoy all that

the local area has to provide and residential

amenities are abundant within close

proximity. The Thames Path offers riverside

walks and idyllic cycling opportunities whilst

Southside shopping centre, cinema and

restaurant complex is situated just 7 minutes

walk from the site. Wandsworth Park lies

just 200m to the west and King George’s

Park within 600m to the south, together

providing over 80 acres of recreational open

space.

Wandsworth is seeing an emergence of

boutique shops, restaurants and bars and

with the ongoing redevelopment of the Ram

Brewery, the first phase of which is due to

complete in Autumn 2017, the area is about

to change beyond recognition.

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18

LOCATION

V I C T O R I A W O R K S

MORTLAKE

NorthSheen

WIMBLEDONPARK

RICHMONDPARK

WIMBLEDON COMMON

CLAPHAM COMMON

Tooting Bec Common

A24

A2

A217

A214

A3

A219

A218

A217

A306

A3

A21

9

A3

A3220

A3205

A205

A3209

A304

A308

A205

A3003

A

RICHMOND

CLAPHAM JUNCTION

IMPERIAL WHARF

WANDSWORTHTOWN

EAST PUTNEY

PUTNEY

PUTNEY BRIDGE

PARSONS GREEN

WANDSWORTHBRIDGE

FULHAM

BATTERSEA

PUTNEYBRIDGE

PUTNEYHEATH

WANDSWORTH PARK

KING GEORGE’S PARK

TR

INIT

Y R

OA

D

BATTERSEA PARK ROAD

YORK ROAD

RIVERWALK

RIV

ER

TH

AM

E

S

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18

V I C T O R I A W O R K S

RIV

ER

WA

ND

LE

LOCATION

V I C T O R I A W O R K S

WANDSWORTHTOWN

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18

LOCATION

V I C T O R I A W O R K S

Victoria Works is situated in a well-

connected locality with Wandsworth

Town mainline station and East Putney

Underground Station both a short walk

from the site. Wandsworth mainline

station is serviced regularly by trains

direct to Central London, reaching

Clapham Junction in 3 minutes, and

Waterloo in 16 minutes. East Putney

provides regular District Line services

to Edgware Road and Upminster, as

well as the rest of the London

Underground network.

Thames Clipper services provide

a refreshing alternative commute,

with Wandsworth Riverside Pier just

60 seconds from the site, reaching

Embankment in 32 minutes and

Blackfriars in 37 minutes.

A wide network of bus routes also service

the roads close to the site, providing

access to Greater London (Richmond,

Putney, Balham and Wimbledon) as well

as Central London (Clapham Junction,

Battersea and Victoria).

Vehicular access is provided by Osiers

Road which feeds into Putney Bridge

Road and the local road network,

connecting Wandsworth to Fulham

via Putney Bridge and Chelsea via

Wandsworth Bridge. The A3 major

arterial road just 400m south of the site

heads eastward into Central London, and

westwards to the M25, providing access

to the wider national motorway network.

WALKING TIME:

TRAVEL TIMES FROM WANDSWORTH TOWN:

TRAVEL TIMES FROM EAST PUTNEY:

TRAVEL TIMES FROM WANDSWORTH RIVERSIDE QUARTER PIER:MINS

MINS

25

ST GEORGE WHARF

10

CHELSEA HARBOUR

WANDSWORTH TOWN

32

EMBANKMENT

37

BLACKFRAIRS

MINS

DistrictPiccadilly

EARL’S COURT

14

CircleDistrict

HIGH ST KENSINGTON

20

CircleDistrict

SLOANE SQUARE

21

CentralCircle

District

NOTTING HILL GATE

22

BakerlooCircle

DistrictHammersmith & City

PADDINGTON

26

CircleDistrict

Victoria

VICTORIA

27

3

CLAPHAM JUNCTION

14

RICHMOND

VictoriaOVERGROUND OVERGROUND

VICTORIA

9

BakerlooJubilee

NorthernWaterloo & City

WATERLOO

16

EAST PUTNEY

District

7 mins 11 mins

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18

TRANSPORT

V I C T O R I A W O R K S

SITUATION

The site extends to 1.02 acres (0.41 hectares) and forms a reverse `L’ shape

within an island of land bounded by Osiers Road to the north, east and south.

To the west, the site abuts the Radius development by Taylor Wimpey, due to

complete in Q4 2015.

EXISTING BUILDINGS

The current accommodation comprises B1 offices, B2 light industrial and B8

storage/distribution, in all extending to 40,722 sq ft GIA.

The existing buildings, of one and two storeys, are predominantly brick built

with both flat and pitched roof elements. Vehicular access is provided to Osiers

Road to the north, east and south west corner of the site.

CR

6.7m

5.8m

5.7m

Cycle Hire Station

OSIERS

ROAD

TFIELDS AVENUE

ENTERPRISE WAY

Goods Shed

19

9

11

Riverside House

1 to 32

1c

331to28

32 to 40

1b

1d

StaSubEl

26

Ken

4

1 to 62Clyde House

8

1 to 34Severn Ho

5

1 to 33Avon House 13

1 to 83Witham House

1

1to30

23

Wye House

6

0m 10m 20m 30m

This plan is published for the convenience of identification only and although believed to be correct is not guaranteed and it does not form any part of any contract. © Crown Copyright. All rights reserved. Licence Number LIG0074.

Victoria Works, OsiersRoad, London, SW18 1NL

Ordnance Survey © Crown Copyright 2015. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18

DESCRIPTION

V I C T O R I A W O R K S

TENANCIES

- The existing accommodation is let to

eight separate tenants, generating an

annual income of £291,375 pa.

- Vacant possession can be obtained in

June 2017, providing an ideal window

to secure detailed planning consent.

- All leases and associated documents

are available to download from the

data room.

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18

TENANT ADDRESS ACCOMMODATIONGIA(sq.ft)

Total GIA (sq.ft)

LEASE EXPIRY (BREAK)

INSIDE L&T 1954 Act

INCOME

A Fitness Model Limited 9 Osiers Road, SW18 4NLUnits 1 and 2Building 2 1st Floor

9,7171,145

10,862Aug- 20(Jun-17)

No£54,500

Bernard Thorp & Co Limited

11 Osiers Road, SW18 1NLPart Unit 1 Building 1 Gr FloorUnit 1 Building 2 Gr Floor

3,4446,091

9,535 June 17 Yes

£73,300

Linton Fuel Oils Limited 11A Osiers Road, SW18 1NLUnit 1 Building 1 1st Floor (part)MezzaninePart 1 Unit 1 Building 1 Gr Floor

1,9044,333

6,237 Mar 16*Mar 16*

Yes £47,000

Lindsey Balkwill 19 Osiers Road, SW18 4NLUnit 1 Building 6 Part Gr FloorUnit 1 Building 6 1st Floor

236689

925 Jun 17 No£6,180

Vacant 19 Osiers Road, SW18 4NL Unit 1 Building 6 Part Gr Floor 450 450 - -

Angelito Sarmiento (T/A Pit Stop and Tops Tyres)

19 Osiers Road, SW18 4NL Unit 1 Building 5 Gr Floor 2,952 2,952Nov 19(Jun 17)

No£23,456

Bassline Productions Limited

19 Osiers Road, SW18 4NL Unit 2 Building 5 Gr Floor 1,178 1,178Nov 19(Jun 17)

No£12,999

Jamb Limited 19 Osiers Road, SW18 4NLUnit 1 Building 3 Gr FloorUnit 3 Building 3 Gr Floor

3,267 5,316

3,267 5,316

Jun 17May 17

YesNo

£28,240£45,700

London Power Net-works PLC

11 Osiers Road, SW18 1NL Sub station Dec 28 Yes -

TOTALS 40,722 £291,375

* Deed of surrender effective 31.03.2016

* * Powder White Limited have signed a five year lease on Unit 1, Building 1, part ground, 1st floor and mezzanine commencing 01.04.2016 with a mutual break in

June 2017. This will produce an additional annual rent of £24,500 pa

The above areas are approximate and have not been verified. A plan indicating each tenant’s location is included within the data room.

TENANCIES

V I C T O R I A W O R K S

PLANNING

The London Borough of Wandsworth’s Site Specific Allocations Document (SSAD) allocates the site for mixed use development including residential, replacement employment floorspace and improved links with the town centre. Core Strategy Policy PL9 encourages a wider mix of uses at focal points of activity along the riverside including restaurants, cafes, bars and small-scale retail. It is therefore envisaged these uses will form the replacement employment floorspace at ground floor, as is currently being delivered in the adjoining development to the west. The SSAD specifically references the provision of new connections through the site as set out in the Area Spatial Strategy, interlinking with the adjacent development to the west. These new connections, together with the existing frontages to Osiers Road should be defined by active frontages. The Spatial Strategy therefore largely dictates the block layout of the redeveloped site.

In terms of height, the SSAD states the site is sensitive to tall buildings, and the height at which development in this location will be considered tall is 9 storeys. The adjoining development to the west, which also has the same designation in terms of height within the SSAD, extends to 8 storeys plus basement. The recently completed blocks directly to the east of the site, which also have the same designation in terms of height within the SSAD, extend to nine storeys plus basement along Osiers Road.

In addition, the car park immediately to the south of the site has recently been granted planning permission for 10 storeys above ground.

DEVELOPMENT CONTEXT

The immediate area has seen wholescale

residential-led redevelopment in recent years. The catalyst

for change was Riverside Quarter by Frasers Property,

comprising 504 units and ground floor commercial. The

final phase is currently under construction with the latest

block expected to complete in Q4 2016.

Victoria Works neighbours the Taylor Wimpey Radius

development to the west which will deliver 152 residential

dwellings of which 114 are private tenure. The scheme is

expected to complete in Q4 2015 and 97% sold out at the

date of publishing.

To the east of Osiers Road is Barratt London’s Osiers

development which was completed in Q4 2013 and

comprises 275 residential units and ground floor

commercial including Sainsbury’s Local.

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18

PLANNING

V I C T O R I A W O R K S

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18

PLANNING

V I C T O R I A W O R K S

TITLE

The Freehold and Long

Leasehold interests are held

under Titles TGL123919 and

SGL29358.

VAT

The Freehold interest is not

elected for VAT. The Long

Leasehold interest is elected

for VAT and it is envisaged it

will be sold as a Transfer of

Going Concern (TOGC).

VENDOR

The interests are owned and

managed separately by

i) Russell-Cooke Trust

Company (Freehold)

ii) Trident Holdings

Investments Limited

(Long Leasehold)

DATA ROOM

Further technical, legal and

planning information is

available to download from

the data room at

Interested parties must

register their interest on the

data room to ensure they

receive updates throughout

the marketing period,

including document amends

and the bid pro-forma.

OFFERS

Offers are to be invited on an

informal tender basis on a

subject-to-planning and/or

unconditional basis.

9, 11 & 19 OSIERS ROAD, WANDSWORTH, SW18

FURTHER INFO

SONNY DAWES 020 7087 5679

RICHARD PILLOW 020 8662 2720

ALEXI BORG 020 8662 2745

JACK BEARD 020 7087 5714

PETER DAY 020 7399 5263

RICHARD PLANT 020 8662 2718

DISCLAIMER

JLL and SHW for themselves and for the vendors or lessors of this property whose agents they are, give notice that:-a. the particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract; b. all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise; c. no person in the employment of JLL or SHW has any authority to make or give any representation or warranty whatever in relation to the property; d. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken.

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