50 BROOK GREE LODO W6 7BJ A UIQUE DEVELOPMET OPPORTUITY I PRIME WEST LODO 1
A rare opportunity to acquire a series of attractive Victorian former school buildings benefitting from Permitted Development Rights to deliver 40 private residential units in one of West London s most established addresses BLOCK 2 MAI ETRACE 2
EXECUTIVE SUMMARY An exceptional development opportunity set in an attractive residential location overlooking Brook Green. Existing office accommodation within 4 buildings, extending to approximately 2,953sq m (31,781sq ft) GIA. Site extends to a total of 0.31 hectares (0.77 acres), including the 0.11 hectare (0.27 acre) shared access road. Permitted Development rights for the conversion of the existing office buildings to 40 private residential units, secured at appeal under three separate permissions. Total proposed residential net saleable area (SA) of 2,163 sq m (23,280 sq ft). Potential to implement the existing Permitted Development consent, or review alternative uses, subject to obtaining the necessary consents. Freehold for sale. AERIAL IMAGE OF SITE LOOKIG ORTH ot to scale - for indicative purposes only. 3
LOCATIO Brook Green is a long established and affluent area of West London that takes its name from the tree-lined, public park at its centre. Predominately residential neighbourhood with access to a wide range of local amenities. Excellent transport links, providing relatively easy access to the rest of London and beyond. Convenient selection of shops, bars and restaurants along the neighbouring Blythe, Shepherds Bush and Hammersmith Roads. More comprehensive retail offering on nearby Kensington High Street, Hammersmith town centre and Shepherds Bush. Kensington High Street is one of West London s principal retail destinations, offering a wide range of international brands including Urban Outfitters, Zara, H&M and Whole Foods Market. Less than 1 mile from Westfield London, which is now Europe s largest shopping centre and will be around 2,600,000 sq ft with 450 individual outlets, including an newly opened John Lewis department store, once the current extension is completed. BROOK GREE 4
SITUATIO EAST ACTO OLD OAK RD WHITE CITY LOFTUS ROAD SOHO HOUSE WOOD L WHITE CITY A3220 LADBROOK GROVE OTTIG HILL A4206 OTTIG HILL GATE BAYSWATER RD BAYSWATER QUEESWAY KESIGTO GARDES WESTFIELD LODO HOLLAD PARK THE VALE UXBRIDGE RD SHEPHERD'S BUSH MARKET B408 02 EMPIRE SHEPHERD S BUSH GREE SHEPHERD S BUSH HOLLAD PARK A42 0 4 KESIGTO PALACE THE AVEUE GOLDHAWK ROAD SHEPHERD S BUSH GOLDHAWK ROAD A219 BROOK GREE A3220 PRITWORKS HEALTH CLUB & SPA HOLLAD PARK KESIGTO OLYMPIA KESIGTO HIGH ST HIGH STREET KESIGTO KESIGTO A315 PADDESWICK RD RAVESCOURT PARK BROOK GREE OLYMPIA LODO CHISWICK ot to scale - for indicative purposes only. TURHAM GREE CHISWICK HIGH ST CHISWIC K L STAMFORD BROOK RAVESCOURT PARK GREAT WEST ROAD DALLIG RD RIVER THAMES A315 KIG ST HAMMERSMITH HAMMERSMITH CASTELAU HAMMERSMITH APOLLO A219 VIRGI ACTIVE CHARIG CROSS HOSPITAL A4 315A WEST KESIGTO BAROS COURT OR T H ED RD A3320 W CROMWELL R D A3220 A3320 EARLS COURT CROMWELL RD EARL'S COURT A3218 GLOUCESTER ROAD THE QUEE S CLUB WEST BROMPTO WEST BROMPTO 5
COECTIVITY KEY: OVERGROUD CETRAL PICCADILLY CIRCLE HAMMERSMITH & CITY DISTRICT The Old School benefits from excellent transport links, with 8 underground Stations, 2 overground Stations and 9 bus routes within 1.5 km (0.9 miles) of the property. KESIGTO OLYMPIA STATIO EALIG BROADWAY 15 mins HAMMERSMITH 0.6 miles SHEPHERD S BUSH 0.9 miles PADDIGTO 11 mins KESIGTO (OLYMPIA) 0.4 miles OTTIG HILL GATE 6 mins BAKER STREET 19 mins OXFORD CIRCUS 11 mins GREE PARK 12 mins KIGHTSBRIDGE 8 mins KIG S CROSS 26 mins HOLBOR 14 mins LIVERPOOL STREET 23 mins MOUMET 28 mins 8 mins (0.4 miles) BAROS COURT STATIO BAROS COURT 0.4 miles VICTORIA 14 mins WESTMISTER 13 mins 9 mins (0.4 miles) HAMMERSMITH STATIO 10 mins (0.6 miles) HEATHROW AIRPORT 35 mins CLAPHAM JUCTIO 14 mins SHEPHERD S BUSH STATIO 17 mins (0.9 miles) Times displayed are the fastest direct journey times from either of the surrounding stations (Shepherd s Bush, Kensington Olympia, Barons Court & Hammersmith). All distances and times taken from Google Maps (www.google.co.uk/maps). ot to scale - for indicative purposes only. WESTFIELD LODO 7 mins (1.1 miles) HOLLAD PARK 8 mins (1.0 miles) RAVESCOURT PARK 10 mins (1.5 miles) HYDE PARK 13 mins (1.8 miles) 6
OTTIG HILL GATE KESIGTO GARDES HYDE PARK THE CITY CAARY WHARF WESTMISTER EARL S COURT BATTERSEA PARK KESIGTO HIGH STREET EARL S COURT REDEVELOPMET HOLLAD PARK WEST KESIGTO OLYMPIA LODO KESIGTO OLYMPIA HAMMERSMITH ROAD BROOK GREE ot to scale - for identification purposes only. Site boundary indicative only. 7
The Old School is a collection of attractive, Victorian, former school buildings that are located on the north side of Brook Green. In total, the property extends to approximately 0.28 hectares (0.70 acres) property extends to a total of 0.31 hectares (0.77 acres), including the 0.11 hectare (0.27 acre) shared access road. Four buildings arranged around a private access road and courtyard parking area. Pedestrian and vehicular access directly from Brook Green. The subject buildings were converted to office use in the early 1980s and have remained in this use ever since. Additional office building in seperate ownership, occupied by Charlotte Tilbury, shares the private access from Brook Green. The subject buildings comprise four blocks extending to approximately 2,953 sq m (31,781 sq ft) GIA in total, benefitting from 23 surface parking spaces. A more detailed breakdown of the accommodation is set out below: BLOCK 1 SQ M (GIA) SQ FT (GIA) Basement 180.79 1,946 Ground 216.31 2,328 Mezzanine 49.69 535 First 222.10 2,391 Second 222.79 2,398 TOTAL 891.68 9,598 BLOCK 2 Basement 3.44 37 Ground 571.18 6,148 First 412.20 4,437 Second 273.85 2,948 TOTAL 1,260.67 13,570 BLOCK 3 Ground 186.92 2,012 First 163.19 1,757 Second 122.84 1,322 TOTAL 472.95 5,091 BLOCK 4 Ground 206.14 2,219 First 121.14 1,304 TOTAL 327.28 3,523 COMBIED TOTAL 2,952.58 31,781 BLOCK 2 (LEFT) & BLOCK 4 (RIGHT) 8
Existing Office Accommodation 9
32 39 TOW PLAIG 34 13 SITE 10 45 42 10 36 9 GI RD LE RS Ma 11 1 12 to Ay nh oe 2 1 to ns io ns RO AD 55 The property falls within the jurisdiction of the London Borough of Hammersmith and Fulham. 13 21 42 57 55 R O D AT G E 29 15 1 XF O The buildings are not statutorily Listed, but are identified by the Local Authority as buildings of merit. 13 The property is situated in the Brook Green Conservation Area. 23 54 A borough-wide Article 4 Direction came into force on 26th April 2018, which restricts change of use from office to residential under Class O of the General Permitted Development Order 2015. It should be noted that this does not affect development where the prior approval was issued before 26th April 2018. 7 WI Y WA OR DS 4 5 50 Sa 1 to 28 nd rin gh am Ho u se 22 51 49 The existing use of the property falls under Class B1 of the Town & Country Planning (Use Classes) Order 1987. 3 33 1 to 23 Balmoral House 1 1 to Ho 28 u se 39 Pr es by te ry Stu ar t 41 OTE: Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. Crown copyright licence number 100024244 Savills (UK) Ltd. OTE: Published for the purposes of identification only and althoughholy believed to be correct accuracy is not guaranteed. 1 to 22 Trinity Tudor House 42 RC Church TEURE & TEACIES The property is for sale freehold and is held under Title umber BGL33189 and BGL32245, shown edged orange on the site plan. The property is vacant with the exception of Block 1, which is occupied on the following basis: BUILDIG TEAT TERM RET COMMETS BLOCK 1 Jonathan David Burns Ford, Karen Jayne Welman and Michael Raymond Branson 10 years expires 29/05/2020 307,500 pa (determined at review 04/12/2015) Inside LTA 1954 The purchaser of The Old School will also receive 80% of the shareholding in 50 Brook Green Management Limited, which is the freeholder of the shared access road and other common parts (Title umber BGL3295), shown shaded green on the site plan. The remaining shares in this company are controlled by the owner of Block 5 who shares the access with The Old School. BLOCKS 2 & 3 VIEW OF THE SITE FROM BEEATH BLOCK 1 10
A OUTSTADIG DEVELOPMET OPPORTUITY On 23 April 2018, three separate permitted development approvals were granted at appeal for the change of use of the property from office to residential to provide a total of 40 private residential units, plus 19 car parking spaces. These are summarised below: Block 1: Change of use from office (Class B1) into 9 self-contained flats (5 x 1 bed, 3 x 2 bed, and 1 x 3 bed) Class C3. (LBHF Ref: 2017/03194/PD56 / Appeal Ref: APP/H5390/W/17/3187381) Block 2-3: Change of use from office (Class B1) into 26 self-contained flats (21 x 1 bed and 5 x 2 bed) Class C3. (LBHF Ref: 2017/03196/PD56 / Appeal Ref: APP/H5390/W/17/3187382) Block 4 : Change of use from office (Class B1) into 5 self-contained flats (5 x 1 bed) Class C3. (LBHF Ref: 2017/03197/PD56 / Appeal Ref: APP/H590/W/17/3187384) The new scheme provides a total of 19 car parking spaces and 50 cycle spaces. In accordance with the planning conditions, occupants of the development will be prevented from applying residents parking permits for the surrounding area. The proposed development will not be liable for any CIL, Section 106 contributions or affordable housing. B: The site benefits from prior approval for an alternative scheme, also secured at appeal on 23 April 2018 under three separate applications (Ref: 2017/04136/PD56, 2017/04141/PD56 & 2017/04142/PD56). The proposals are identical, expect for alternative, reduced car parking provision and an altered access arrangement. VIEW OF THE SITE LOOKIG WEST Proposed Residential Accommodation ET SALEABLE AREAS BUILDIG FLOOR STUDIO 1 BED 2 BED 3 BED TOTAL (BY BLOCK) SQ M SQ FT SQ M SQ FT SQ M SQ FT SQ M SQ FT SQ M SQ FT Block 1 LG, G, 1 & 2 - - 245 2,635 204 2,195 129 1,388 578 6,218 Block 2 G, 1 & 2 58 624 536 5,773 349 3,753 - - 943 10,150 Block 3 G, 1 & 2 - - 368 3,956 - - - - 368 3,956 Block 4 G & 1 - - 275 2,956 - - - - 275 2,956 TOTAL (BY UIT TYPE) 58 624 1,423 15,320 553 5,948 129 1,388 2,163 23,280 UITS BUILDIG FLOOR STUDIO 1 BED 2 BED 3 BED TOTAL (BY BLOCK) Block 1 LG, G, 1 & 2-5 3 1 9 Block 2 G, 1 & 2 2 11 5-18 Block 3 G, 1 & 2-8 - - 8 Block 4 G & 1-5 - - 5 TOTAL (BY UIT TYPE) 2 29 8 1 40 11
CORRIDOR STAIRS LIFT CORRIDOR LIFT CORRIDOR CORRIDOR STAIRS STAIRS LIFT LIFT PROPOSED FLOOR PLAS KEY: STUDIO 1 BED 2 BED 3 BED UIT 11.02 STORE UIT 00.01 BLOCK 1 BASEMET (1 UIT) BLOCK 1 FIRST FLOOR (3 UITS) UIT 12.01 UIT 12.03 UIT 12.02 UIT 11.01 UIT 11.03 UIT 10.01 UIT 10.02 Private Access Road BLOCK 1 GROUD & MEZZAIE FLOOR (2 UITS) BLOCK 1 SECOD FLOOR (3 UITS) 12
FB boiler + washer dryer boiler + washer dryer boiler + washer dryer boiler + washer dryer PROPOSED FLOOR PLAS KEY: STUDIO 1 BED 2 BED 3 BED UIT 30.03 UIT 20.04 UIT 20.02 BLOCK 2 & 3 GROUD FLOOR (11 UITS) UIT 20.06 UIT 20.08 UIT 20.01 UIT 30.02 UIT 20.07 UIT 20.05 UIT 20.03 UIT 30.01 Private Access Road UIT 21.05 Ground Floor Roof BLOCK 2 & 3 FIRST FLOOR (9 UITS) STORE UIT 21.06 UIT 21.04 UIT 21.03 UIT 21.02 UIT 21.01 UIT 31.03 UIT 31.02 UIT 31.01 First Floor Roof Ground Floor Roof First Floor Roof BLOCK 2 & 3 SECOD FLOOR (6 UITS) STORE UIT 22.04 UIT 22.03 UIT 22.02 UIT 22.01 First Floor Roof UIT 32.02 UIT 32.01 13
PROPOSED FLOOR PLAS KEY: STUDIO 1 BED 2 BED 3 BED UIT 40.02 BIKE STORE (5no.) UIT 40.01 UIT 40.03 Private Access Road BLOCK 4 GROUD (3 UITS) UIT 41.01 UIT 41.02 BLOCK 4 FIRST FLOOR (2 UITS) All floor plans are not to scale - for indicative purposes only. VIEW OF THE SITE LOOKIG WEST 14
SERVICES The property is connected to mains water, gas and drainage, although these have not been tested. It will be the responsibility of the purchaser to determine whether the current supplies are adequate for their proposed use of the property following purchase. EPCS EPC ratings are C and D. Further information is available on the dedicated dataroom. TAXATIO The property is elected for VAT. BLOCK 2 ITERIOR BLOCK 4 VIEW OF THE SITE LOOKIG EAST ETRACE TO BLOCK 1 15
BLOCK 2 MAI ETRACE BLOCK 4 VIEW OF THE SITE LOOKIG ORTH EAST METHOD OF SALE PROPERTY VIEWIGS FURTHER IFORMATIO The property is to be sold by way of Informal tender (unless sold prior). A deadline for offers will be provided in due course. The property may be inspected strictly by appointment only through the Vendor s sole selling agents, Savills. A dedicated project data room has been set up and interested parties are able to register for login details at: www.savills.com/50brookgreen 16
COTACTS ROBERT POLLOCK MRICS rpollock@savills.com 020 7409 8114 HARRY WETWORTH-STALEY MRICS hwstanley@savills.com 020 7016 3873 JAMES DOGER MRICS jdonger@savills.com 0207 016 3841 BLOCK 1 IMPORTAT OTICE Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 May 2018 17
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