Coomb House, 7 St. John s Road, Isleworth, London, TW7 6NH

Transcription

1 Coomb House, 7 St. John s Road, Isleworth, London, TW7 6NH West London Development Opportunity Coomb House, 7 St. John s Road, Isleworth, London, TW7 6NJ

2 Executive Summary Consented hotel development opportunity in Isleworth, West London. Existing four storey commercial building (B1) of 15,657 sq ft (1,455 sq m) GIA within a site extending to approximately 0.38 acres (0.15 hectares). Planning permission for the conversion and extension of the existing office building to provide an 89 bed hotel extending to approximately 37,211 sq ft (3,457 sq m) GIA. Potential for redevelopment to alternative uses including aparthotel or residential (STP). Approximately 175 metres (0.1 miles) south west of Isleworth National Rail station. For sale Freehold Subject to existing tenancies.

3 Location The Property is located in Isleworth, west London and is positioned on the western side of St John s Road at its junction with Rennels Way. St John s Road is the connecting road between the A315 London Road and the A310 Twickenham Road. The Property is directly opposite the pedestrian access to Isleworth National Rail Station, and the railway line and overbridge forms the southern boundary of the site. The western boundary of the site is formed by the Metro Centre Business Park. There are various local amenities, banks, cafes and convenience retailers located along St John s Road itself and London Road to the north, amongst them NatWest and Sainsbury s. The site also benefits from proximity to the open spaces of Thornbury Park to the south west, and Syon Park to the east. Twickenham Stadium is located 1.9 kilometres (1.2 miles) south of the Property and the Town Centres of Hounslow and Richmond are approximately 1.5 kilometres (0.9 miles) and 3.5 kilometres (2.2 miles) from the Property respectively. The Property is well served by public transport and is only 175m (0.1 miles) south west of the Isleworth National Rail station, providing direct access to London Waterloo (37 minutes*) and Vauxhall station (30 minutes*) which provides connections to the London Underground Network (Victoria Line). There are also multiple bus routes operating along St John s Road and London Road to the north providing services to Richmond, Twickenham, Hounslow, Shepherd s Bush and Aldwych. Heathrow Airport is approximately 8 kilometres (5 miles) west of the Property. * NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. Crown copyright licence number Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

4 Description The Property comprises a detached 4 storey office building of reinforced concrete frame structure clad in brick with a glazed curtain wall on the St Johns Road elevation. It also has a flat asphalt roof and undercroft parking at ground floor that is accessed off Rennels Way. The Property extends to approximately 15,657 sq ft (1,455 sq m) GIA and sits within an irregular shaped site extending to approximately 0.38 acres (0.15 hectares). A Thames Water sewer runs underneath the property from northeast to south west across the site. Planning The Property falls within the jurisdiction of the London Borough of Hounslow and does not contain any listed structures. Whilst not located within a Conservation Area, the Property is adjacent to both the Spring Grove and Woodlands Grove Conservation Areas. The site benefits from planning permission (Ref: P/2016/3067) for the following development to create an 89 bed hotel: Conversion of the property from existing offices (B1/D1 uses) to a hotel (C1 use) including the erection of part ground floor, part first floor, part second floor, part third floor, part fourth floor, roof plant and access, front and rear extensions and a single storey side extension. The Hotel would provide: 89 bedrooms comprising 42 double rooms, 21 twin rooms, 17 family rooms and 9 DDA Rooms. Combined reception/lobby/restaurant/bar area; Back of house ancillary service areas; Landscaped courtyard; 18 car parking spaces of which 2 are disabled. The hotel development will be subject to a Mayoral CIL contribution of 93,367 and a Local CIL contribution of 45,760. The Section 106 Agreement associated with this permission will require a 40,000 contribution towards consultation and implementation of a Controlled Parking Zone. The property may be suitable for redevelopment or conversion to other uses including aparthotel or residential (STP) using the Permitted Development legislation or an application for its full redevelopment. CGI of indicative residential scheme Tenancy Schedule Suite Tenant Annual Rent Lease Expiry / Breaks Parking 0.1 Zeta Cool 7,800 2 months notice 2 spaces 1.1 LA Premiere Care 16,500 3 months notice 2 spaces 1.2 LA Premiere Care 12,000 25th September 2018 or anytime thereafter subject to 3 months notice 1 space 1.3 Ash Solicitors 6,500 24th June 2018 or future rent due dates with 2 months notice 1 space 1.4 FDC Construction Ltd 6,500 3 months notice 1 space 1.5 Service Team London Ltd 9,900 3 months notice 4 spaces 1.6 Last Minute Healthcare Ltd 22,250 6 months notice 4 spaces 1.7 Prior Analytics 11,500 3 months notice 1 space 2nd floor VACANT VACANT VACANT VACANT TOTAL 92,950 + VAT

5 West London Development Opportunity Tenure The property is for sale freehold. The property, outlined in red on the Ordnance Survey extract (for identification purposes only), is to be sold subject to any rights of way, restrictions or easements, which may exist whether or not mentioned within these particulars. Method of Sale The site will be sold by way of informal tender (unless sold prior). Offers are sought for the freehold interest on an unconditional basis only. EPC Coomb House has been classified as having an EPC rating of E. The full EPC report is available on the dataroom. VAT The site is elected for VAT. Guide Price Offers in Excess of 4,300,000 Viewings Internal viewings are strictly by appointment; please contact the sole selling agents to make an appointment. Further Information Further information including technical and legal documentation is available at: Contacts Development Hotels Andrew Cooper +44 (0) Robert Pollock +44 (0) Gary Witham +44 (0) Amy Farrugia +44 (0) Important Notice Savills and their clients 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. Sale particulars produced September Internal CGI of consented scheme