Bridge House, Waterside & Riverview

Tenure:Freehold

Location:
Address:Oxford Road,
Uxbridge,
UB8 1HS

Area:13,731.7 Sq M

Richard Lines
T: +44 (0)20 7333 6274
E: [email protected]

Guy Freeman
T: +44 (0)20 3486 3471
E: [email protected]

Jason Nearchou
T: +44 (0)20 3486 3475
E: [email protected]

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Property details

  • An extensive mixed use development opportunity in West London.
  • A riverside setting on a town centre site of 6.35 acres (2.57ha).
  • Headquarters office campus comprising three buildings.
  • The existing office buildings totalling 147,807 sq ft NIA.
  • Exceptional parking providing 491 spaces, located in the multi-storey car park and at surface level.
  • 9 minute walk from Uxbridge Underground station and town centre.
  • Excellent communication links to the M40, M25 and Heathrow Airport.
  • Waterside and Riverview are let to Xerox Limited until 30 June 2020 with a total income of £1,255,725 per annum. Mutual break option on 30 June 2019.
  • Car Parking Licence income of £96,000 per annum.
  • Bridge House is sold with vacant possession.
  • Freehold.
  • Permitted Development secured for the conversion of the three existing office buildings to residential. A total of 237 units (studios and 1 beds) across three buildings (Planning application number: 40050/APP/2017/2438).
  • A subsequent PD application has been submitted for a wider mix of units. The determination of this is expected in early/mid November (Planning application numbers: Bridge House: 40050/APP/2017/3358, Riverview: 40050/APP/2017/3357, Waterside: 40050/APP/2017/3356).
  • Full planning consent on Bridge House for an office redevelopment to provide 180,000 sq ft of new
  • Grade A office accommodation, substantially increasing the current massing.
  • Opportunity to extend the existing leases to suit the landlord.

 

Located to the south of the Colne Valley where the M40 meets the M25, Uxbridge is an excellently situated West London town, benefitting from good road and rail connectivity and easy access to Heathrow Airport.

Uxbridge is within the London Borough of Hillingdon, the second largest borough in London, attracting a strong labour pool and numerous international businesses.

The town lies immediately south of Junction 1 of the M40 motorway and 2.5 miles east of Junction 16 of the M25 motorway, both of which provide easy access from the town to the surrounding motorway network. Heathrow Airport is located 6 miles to the south of the town.

Uxbridge is well connected to Central London via the Underground. Uxbridge Underground station is located on the western end of the Piccadilly and Metropolitan lines which provide direct services into Central London. Connectivity to Central London will be further enhanced on arrival of the Elizabeth Line (Crossrail) in 2018 with services operating from Hayes (5 miles to the south east) with journey times of 20 minutes into Bond Street.

This 6.35 acre site provides a fantastic mixed use development opportunity in the London Borough of Hillingdon. It is not located with a conservation area and none of the buildings are listed. The existing buildings fall under the Use Class B1 of the Town & Country Planning (Use Classes) Order 1987.

The site benefits from both Permitted Development and office redevelopment planning consents. In addition there is potential for alternative schemes, subject to planning, some of which are outlined below.

CONSENTED SCHEMES;
1. Permitted Development A
2. Permitted Development B
3. Office Redevelopment – Full scheme

ALTERNATIVE OPTIONS;
4. Comprehensive Redevelopment