Commercial development for sale
Property description & features
- Tenure: Freehold
- Freehold
- Situated in Hammersmith, in a prominent position on Fulham Palace Road, which is characterised by a mix of retail, leisure, offices and residential uses.
- Excellent transport connectivity, within 5 minutes walk of Hammersmith Underground and Bus Station, and the Hammersmith Apollo Theatre.
- The existing building comprises of 5,640 sq ft (523.9 sq m) (GIA) of pub and residential accommodation arranged over basement, ground, and 1st floor, overlooking Frank Banfield park
- Planning consent granted for a new build scheme with partial façade retention to create a five storey, 13,304 sq ft (1,236 sq m) 40-bed hotel with a prime pub/restaurant across the ground & basement
- The consented scheme, which has progressed to RIBA Stage 3-4, features the opportunity to deliver a high quality pub/restaurant across the basement and ground floor.
- The opportunity may also be of interest to co-living operators/ investors due to the planning permission obtained not having any restrictions on maximum length of stay
- Offers are invited with a guide price of £5,250,000 subject to contract and exclusive of VAT, reflecting a low capital value of £395 a foot on the consented GIA
The building currently comprises of 5,640 sq ft (523.9 sq m) (GIA) of pub and residential accommodation arranged over basement, ground, and 1st
floor. The pub accommodation is arranged over basement and ground floor with the residential accommodation on 1st floor.
Location
The property is located in the London Borough of Hammersmith and Fulham. Hammersmith is located approximately 4 miles southwest of Central London, with Shepherd’s Bush to the north, Kensington and Earls Court to the east, the River Thames to the south and Chiswick and Ravenscourt Park to the west. Prominently positioned on Fulham Palace Road, the building is situated within 5 minutes walking distance of Hammersmith Underground and Bus Station, and the Hammersmith Apollo Theatre. The building is also in close proximity to Charing Cross Hospital and Assembly London, which comprises of 220,000 sq ft of office, retail and restaurant accommodation. Both require a significant
workforce and attract a vast amount of visitors to the area.
Connectivity
The building is well served by public transport. Hammersmith Underground Station (Piccadilly, Circle & District lines) is situated approximately
300 metres from the site providing direct access to South Kensington (8 mins), Victoria (14 mins), Green Park (14 mins) and Westminster (18 mins).
The site has achieved a PTAL rating of 6a given its immediate proximity to Hammersmith Underground Station.
The site is also well served by multiple bus routes from Fulham Palace Road. Furthermore, Hammersmith Bus Station is within a similar
distance of the site and provides a wide range of services to central and wider London.
Planning Permission
Full Planning Permission was granted on 15th December 2022 (Ref: 2021/03522/FUL) for the demolition of the existing building except retention of existing front and side facades; and erection of a five storey hotel building with public house accommodation arranged over basement and ground floors. The new scheme has progressed to RIBA Stage 3 – 4.
Specifically, the redevelopment of the existing building will provide a brand new, five storey building, comprising of a re-provided pub and a 40 guest room hotel with associated front and back of house space. All hotel guest rooms are designed to include double beds and en suite
bathrooms, with the majority of hotel rooms providing compact kitchenettes and overlooking a park to the rear.
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