Land

Plot A&B, Radio City, Southall

Middlesex Business Centre Bridge Road Southall, Greater London United Kingdom UB2 4AB
Asking Price Contact for pricing
Area Size N/A
NOI Net Operating Income N/A
NIY N/A

Attributes

Year Built 2000
Land Area ()

Asset Description

  • 11.9-acre (4.82 hectares) consented development opportunity in Southall.
  • Directly adjacent to new pedestrian and cycle bridge linking directly to the new Crossrail platforms.
  • Outline planning permission (183673OUT) for up to:
    • 2,083 residential units over 7 Blocks, ranging from 4 to 28 storeys.
    • 77,489 sq ft GIA (7,199 sq m) Hotel (Use Class C1)
    • 28,933 sq ft GIA (2,688 sq m) flexible retail floorspace (Use Classes A1-A5)
    • 108,457 sq ft GIA (10,076 sq m) flexible office & community floorspace (Use Classes B1, D1/D2)
    • Landscaped podium gardens with undercroft parking (330 spaces) and servicing
    • New central public open spaces, Maypole Park & Canalside Square


Investment Highlights

  • 35% affordable housing provision (by hab room)
  • Excellent connectivity, located a short distance from Southall Station, providing access to London Paddington in 18 minutes, as well as links to central and district lines via Ealing Broadway.
  • Connectivity set to be further improved with the arrival of Crossrail to Southall (Bond Street in 17 mins and Liverpool Street in 24 mins).
  • Southall, catalysed by Crossrail, is forecast to outperform both Greater London and Central London in terms of price and rental growth over the next five years.
  • Upside potential to provide 2,297 Residential Units within the existing outline consent through value engineering. An uplift of 214 units (11%).
  • Offers invited for the freehold interest on the following basis:
    • Unconditional
    • Conditional on planning changes to the existing outline consent
Last Updated Date: 09 May 2022

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Last Updated Date: 09 May 2022

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