HURLINGHAM ROAD LONDON SW6

Transcription

1 HURLINGHAM ROAD LONDON SW6

2 HURLINGHAM ROAD LONDON SW6 02 PARSONS GREEN PUTNEY BRIDGE TUBE HURLINGHAM PARK THE HURLINGHAM CLUB WANDSWORTH PARK

3 SUMMARY 03 Site totalling 0.14 hectares (0.36 acres) The property currently provides warehouse and workshop accommodation totalling 14,813 sq ft (1,376.2 sq m) Passing rent of 90,303 p.a. with vacant possession due in September 2016 An initial scheme, has been drawn up by Moreno Masey Architects, which provides a 42 residential unit scheme totalling NSA 37,250 sq ft (3,460.6 sq m) and 6,038 sq ft (561 sq m) of commercial (B1/A1/A3) space across ground plus 6 storeys. Freehold For sale via informal tender

4 04 IMPERIAL COLLEGE BOAT CLUB BISHOPS PARK FULHAM PALACE ALL SAINTS CHURCH PUTNEY BRIDGE FULHAM HIGH STREET PUTNEY BRIDGE TUBE STATION NEW KING S ROAD HURLINGHAM ROAD

5 LOCATION HURLINGHAM ROAD IS LOCATED IN FULHAM, ONE OF LONDON S MOST DESIRABLE SUBURBS. Located 7 km to the south-west of Central London, between Chelsea and Putney, the property is within a short walk of The River Thames, The Hurlingham Club and the New Kings Road. Hurlingham Park, the home of polo, is close by and the immediate area takes in Bishops Park, the Thames Path and both Fulham and Chelsea football clubs. There is an abundance of restaurants within the locality, including the Michelin starred Riverside Café, and the property is a short walk from the boutique fashion shops running up towards the Kings Road. The wider area includes a range of leading schools including the London Oratory School, L Ecole Marie d Orliac and The Godolphin and Latymer School Hurlingham Road is located towards the western end of Hurlingham Road, which runs between Fulham High Street and Broomhouse Lane, leading onto the New Kings Road. The surrounding area comprises principally Victorian terraced housing and the site is opposite a low rise retail showroom occupied by Magnet.

6 06 Polo at Hurlingham Park

7 CONNECTED HURLINGHAM ROAD BENEFITS FROM EXCELLENT ACCESS TO PUBLIC TRANSPORT AND HAS A PTAL RATING OF 6A. A219 MUNSTER ROAD LILLIE ROAD A317 FULHAM ROAD FULHAM EEL BROOK COMMON STAMFORD BRIDGE FULHAM BROADWAY KING S ROAD A304 A308 BATTERSEA BRIDGE ROAD CADOGAN PIER ALBERT BRIDGE ROAD BATTERSEA PARK Putney Bridge tube station (District Line) is located 175 metres to the south and Parsons Green tube station (District Line) is 750 metres to the north-east. Further afield, Imperial Wharf Overground station provides services to Clapham Junction and Kensington (Olympia). There are a number of bus routes running along Fulham High Street and the New Kings Road serving both the immediate and wider area. In addition, the Thames Clipper services run from Putney Pier. FULHAM PLACE ROAD BISHOPS PARK PUTNEY PIER PUTNEY BRIDGE FULHAM ROAD PARSONS GREEN HURLINGHAM RD PARSONS GREEN NEW KING S ROAD THE HURLINGHAM CLUB BROOMHOUSE LANE SOUTH PARK WALHAM GREEN WANDSWORTH BRIDGE ROAD IMPERIAL WHARF CHELSEA HARBOUR YORK ROAD CHELSEA HARBOUR PIER A3205 CLAPHAM JUNCTION LATCHMERE ROAD BATTERSEA PARK ROAD PUTNEY WANDSWORTH PARK PUTNEY BRIDGE ROAD WANDSWORTH RIVERSIDE QUARTER PIER WANDSWORTH TOWN ST. JOHN S HILL BATTERSEA EAST PUTNEY

8 View looking along the Thames Path 08

9 DESCRIPTION 09 THE SITE EXTENDS TO 0.14 HECTARES (0.36 ACRES), IS TRIANGULAR IN SHAPE AND IS BROADLY LEVEL. The property is bounded by Hurlingham Road to the south, a private road to the north/west and office/light industrial buildings to the east. The site currently comprises three warehouse buildings on ground and part first floor, which occupy the entirety of the site. Vehicular access is provided directly onto Hurlingham Road and secondary access is provided via a service road running alongside the District Line.

10 ACCOMMODATION 10 TENURE Freehold. The property is held under title number LN TENANCY The property benefits from three occupational tenancies to two companies. The current passing rent is 90,303 per annum. UNIT SQ FT SQ M TENANT START EXPIRY RENT L&T 1954 ACT 160 Hurlingham Road 162 Hurlingham Road 164 Hurlingham Road 5, Charles Ivey (Specialist Cars) Limited 5, Chelsea Upholstery & Interiors Limited 3, Charles Ivey (Specialist Cars) Limited RATEABLE VALUE 24/12/ /09/ ,500 Inside 39,250 26/08/ /09/ ,000 Outside 34,500 29/09/ /09/ ,803 Outside 24,750 TOTAL 14,813 1, , N Melbray Mews El Sub Sta 204 UNIT UNIT 162 UNIT m m

11 WASHER DRYER MANIFOLD WASHER/ DRYER WASHER/ DRYER PLANNING 11 THE SITE PROVIDES AN EXCITING OPPORTUNITY FOR RESIDENTIAL LED REDEVELOPMENT. The site is located within the London Borough of Hammersmith & Fulham and is within The Hurlingham Conservation area. No. 160 Hurlingham Road located in the south east corner of the site is identified as an unlisted building of merit. In summary Moreno Massey s proposed scheme provides: NO. TOTAL NSA (SQ FT) TOTAL NSA (SQ M) TOTAL AMENITY (SQ FT) Studio 5 2, Bed 12 7, ,158 2 Bed 16 13,782 1, ,441 The current lawful use of the site is B1/B2. DP9 has undertaken a comprehensive planning assessment of the site. In summary, the site; 3 Bed 7 8, ,539 4 Bed House 2 5, ,236 Total 42 37,250 3, ,886 Commercial 1-3, Commercial 2-1, WASHER/ DRYER - Is suitable for a residential led mixed use development - Bulk and massing in the order of 7 storeys is likely to be acceptable WASHER/ DRYER - Any future scheme will need to retain an element of employment ground floor space WASHER/ DRYER N Commercial 3-1, TOTAL 6, Parking Spaces 2 Typical upper floor A more detailed planning note along with a scheme prepared by Moreno Masey Architecture is available on the data room. 1 BED APARTMENT 2 BED APARTMENT 3 BED APARTMENT HOUSES SERVICE ROAD WASHER/ DRYER HOUSE 1 REAR GARDEN HOUSE 2 REAR GARDEN DRYER WASHER HOUSE 2 WASHER/ DRYER HOUSE 1 COMMUNAL COURTYARD CAR PARK SPACE CAR PARK SPACE HURLINGHAM ROAD

12 MARKET COMMENTARY 12 FOLLOWING A POSITIVE ELECTION RESULT, MARKET SENTIMENT HAS PICKED UP AND BOTH OWNER OCCUPIERS AND INVESTORS HAVE A RENEWED APPETITE FOR LONDON PROPERTY. Fulham and the south west of London continues to perform well and remains an attractive location for young professionals and family buyers. Its village like feel has great appeal to purchasers wishing to be in London but looking to escape the city. Capital values around Parsons Green and the broader Fulham area are perceived to offer good value relative to Chelsea and nearby developments have performed strongly. Headline pricing is in the order of 1,250-1,500 psf with many unit sites exceeding these values. Looking ahead, Fulham will remain an area where new build properties consistently outperform, principally due to lack of supply and desire from purchasers to be in a more established and traditional location than the larger regeneration schemes to the south of the river. 100 New Kings Road London Square 24 units Completes Q A4 Queens Wharf Mount Anvil & A2 Dominion 165 units Completes Q Fulham Reach St George 744 Units Completes Q Q LOWER RICHMOND ROAD A219 BARONS COURT FULHAM PLACE ROAD BISHOPS PARK PUTNEY PIER Lillie Square Capital and Counties 808 units Completes 2018 MUNSTER ROAD LILLIE ROAD Farm Lane London Square St James 50 Units Completes Q PUTNEY BRIDGE FULHAM ROAD WEST KENSINGTON PARSONS GREEN HURLINGHAM RD A317 PARSONS GREEN NEW KING S ROAD THE HURLINGHAM CLUB BROOMHOUSE LANE LILLIE ROAD A3320 A3320 WEST BROMPTON FULHAM ROAD FULHAM EEL BROOK COMMON SOUTH PARK STAMFORD BRIDGE FULHAM BROADWAY KING S ROAD PUTNEY BRIDGE ROAD WANDSWORTH BRIDGE ROAD A304 WALHAM GREEN The Landau Mount Anvil & A2 Dominion 107 units Completes Q A308 IMPERIAL WHARF FULHAM ROAD Chelsea Waterfront Hutchison Property Group 297 units Phase 1 completes Q CHELSEA HARBOUR CHELSEA HARBOUR PIER A3205 A3217 BATTERSEA BRIDGE ROAD Fulham River Side Barratt Homes 463 Units Phase 1 Completion due Q CADOGAN PIER ALBERT BRIDGE ROAD LATCHMERE ROAD BATTERSEA PARK BATTERSEA PARK ROA Hurlingham Walk St James 43 Units (phase 1) Completes Q UPPER RICHMOND ROAD PUTNEY WANDSWORTH PARK WANDSWORTH RIVERSIDE QUARTER PIER WANDSWORTH TOWN YORK ROAD CLAPHAM JUNCTION ST. JOHN S HILL BATTERSEA EAST PUTNEY

13 CGI of proposed scheme

14 CGI s of proposed scheme

15 FURTHER INFORMATION EPC Available upon request. VAT The property has been elected for VAT and it is intended to treat the transaction as a Transfer Of a Going Concern (TOGC). INSPECTION All viewings are strictly by appointment through the sole selling agent. METHOD OF SALE The site will be sold by informal tender. Unconditional offers are invited for the benefit of the freehold interest. DATA ROOM A full information pack is available from the link below. Matt Sharman matt.sharman@levyllp.co.uk Aaron Moles aaron.moles@levyllp.co.uk MISREPRESENTATION ACT Levy Real Estate LLP for themselves and for the Vendors or lessors of this property whose agents they are given notice that: All description, dimensions, reference to condition and necessary permissions for use and occupation and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Any services mentioned have not been tested and therefore prospective occupiers should satisfy themselves as to their operation. These particulars are produced in good faith and set out a general guide only and do not constitute part of any offer or contract. No person in the employment of Levy Real Estate LLP has any authority to make or gibe representation or warranty in relation to this property. All prices and rents are quoted exclusive of VAT unless otherwise stated. September Designed and produced by Cooper Rose