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Freehold value-add opportunity

London, United KingdomUnlock address

76%

Offers invited

Office

#34772

Value-Add

27 Sep 2024

Property Details

Broker

For sale

13,014 sq.ft.

1,209 m²

NIA

10

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Prominent Hammersmith location benefitting from a diverse and evolving amenity offering. Multi-let to ten tenants with the ability to secure vacant possession by September 2024. Current passing rent of £507,929 per annum. Existing office accommodation comprising 13,014 sq ft NIA / 14,914 sq ft GIA arranged over ground and three upper floors with under croft parking and cycle storage to the rear of the property. Extensive asset management opportunities including undertaking a comprehensive refurbishment with additional massing Opportunity for alternative uses; residential (including permitted development) and co-living subject to the necessary consents. A high level feasibility study has been produced by Studio Kyson demonstrating the sub-division of the building into 30 residential units - 16,781 sq ft (1,559 sq m) & 2,583 sq ft (240 sq m) of retail.