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Commercial property for sale
Commercial properties for sale in London
A unique residential conversion/ development opportunity in Kentish Town, NW5
• Vacant former day-care centre (Use Class D1) extending to approximately 4,736 sq ft (440 sq m) GIA
• Located within 5 minutes’ walk of Kentish Town station (Northern Line & Thameslink) and Kentish Town West station (Overground)
• Subject to previous residential planning consent which has now expired
• Offers are invited for the freehold interest with vacant possession
An exceptional Georgian Townhouse in the very centre of the West End, ideally suited to a wide range of office, other commercial and educational uses, or as a private members’ club.
Long lease for sale with vacant possession
Alternatively, a new occupational lease is available for a term by arrangement
VACANT OFFICE WITH RESIDENTIAL DEVELOPMENT POTENTIAL
▪ Freehold for sale
▪ Potential for conversion to residential or redevelopment STPP
▪ Existing B1 floorspace circa 994 sq m (10,699 sq ft) GIA
▪ Site area 0.122 hectares (0.302 acres)
1.4 acre freehold development site
Situated in a vibrant mixed use area at the heart of Southbank – London’s most resilient submarket
Exceptional connectivity to the transport network – within walking distance of five underground and three mainline stations
Excellent accessibility to a wealth of cultural landmarks and amenities
Opportunity to deliver a 224,540 sq ft NIA commercially led mixed use scheme
Proposed scheme positively received at preapplication by London Borough of Southwark
Opportunity to enhance the proposed development scheme through the planning process
Potential for a residential led scheme of 218,305 sq ft NIA
4,855 sq ft of attractive, bright offices available for sale in the heart of Battersea, with dedicated parking
There is also basement storage included within the demise along with 4 car parking spaces.
Virtual freehold for sale with vacant possession.
Alternatively, a new lease is available for a term by arrangement.
The existing property is a 3 storey building comprising a pub across basement and ground floor level and a 23 room Hotel across first and second floor extending to 10,200 sqft GIA.
The property is located on Woolwich Road and is approximately a 2 minute walk from Charlton Overground Railway Station which provides services into London Bridge in 22 minutes.
The building is situated on a landmark corner plot and is a 2 minute walk from Charlton Athletic Football Club (The Valley) with seating capacity for 27,111 and hosting regular matches.
Planning permission was granted in August 2017 for 8 x flats and 2 x commercial units. Planning reference: 15/2272/FUL.
Planning permission has been submitted utilising the same massing as the approved residential scheme for the conversion of the existing hotel and construction of a third floor to create a 60 room hotel and retention of the original pub at ground floor level. Planning reference: 18/2673/F.
The proposal involves conversion of existing hotel with side extension and erection of an additional floor to accommodate 60 hotel rooms. At ground floor level the public house will be refurbished, with the smaller function room being converted into additional hotel rooms. The remaining ground floor will comprise 12 x rooms . There will be 17 x rooms at both first and second floor and 14 x rooms at roof level.
The proposal will extend to 17,771 sqft GIA.
We are aware that the existing hotel charges a blended rate of £60 per night giving the hotel an ERV of c. £503,000 pa. Based on Comparable evidence we are of the opinion that the 60 unit scheme finished to a good specification would be able to achieve a blended rate per night of £120 giving it an ERV of £2,628,000. (this is based on 100% occupancy).
The property is available freehold with vacant possession.
We are aware that the property is not elected for VAT.
SOURCE: SOURCE: NEF2.COM