50 BROOK GREEN - Savills · overlooking Brook Green. Existing office accommodation within 4...
Transcript of 50 BROOK GREEN - Savills · overlooking Brook Green. Existing office accommodation within 4...
THE OLD SCHOOL
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50 BROOK GREENLONDON W6 7BJ
A UNIQUE DEVELOPMENT OPPORTUNITY IN PRIME WEST LONDON
THE OLD SCHOOL
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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 MAIN ENTRANCE
THE OLD SCHOOL
E X E C U T I V E S U M M A RY
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 (NSA) 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 LOOKING NORTH Not to scale - for indicative purposes only.
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L O CAT I O N
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 GREEN
THE OLD SCHOOL
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KENSINGTON OLYMPIA
NOTTINGHILL GATE
NOTTINGHILL
QUEENSWAY
BAYSWATER
HOLLAND PARK
HIGH STREET KENSINGTON
BARONS COURT
WEST BROMPTON
EARL'S COURT
GLOUCESTER ROAD
HAMMERSMITH
GOLDHAWK ROAD
SHEPHERD'S BUSH MARKET
WHITE CITY
STAMFORD BROOKTURNHAM GREEN
RAVENSCOURT PARK
SHEPHERD’SBUSH
A3218
315A
KENSINGTON HIGH ST
A315
A219
A21
9
BAYSWATER RD
A42
06
A4
2
0 4
NO
RT
H END RD
KING STCHISWICK HIGH ST
CA
STEL
NA
U
A315
PAD
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SWIC
K RD
DA
LLING
RD
CH
ISW
ICK LN
THE
AV
EN
UE
GOLDHAWK ROAD
THE VALE UXBRIDGE RD
OLD
OA
K R
D
B408
WO
OD
LN
LAD
BROO
K GRO
VE
A3220
A3220
A3220
A3320
A3320
GREAT WEST ROAD
A4
W CROMWELL R
D
CROMWELL RD
KENSINGTON
HOLLANDPARK
WHITE CITY
WEST BROMPTON
SHEPHERD’SBUSH
SHEPHERD’SBUSH
GREEN
EASTACTON
HAMMERSMITH
CHISWICK
EARLSCOURT
HOLLANDPARK
WESTFIELD LONDON
SOHO HOUSE
LOFTUS ROAD
CHARING CROSSHOSPITAL
THE QUEEN’S CLUB
02 EMPIRE
OLYMPIA LONDON
PRINTWORKSHEALTH CLUB
& SPA
HAMMERSMITHAPOLLO
KENSINGTONPALACE
RAVENSCOURTPARK BROOK
GREEN
BROOKGREEN
WESTKENSINGTON
RIVER THAMES
KENSINGTONGARDENS
VIRGIN ACTIVE
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S I T UAT I O N
Not to scale - for indicative purposes only.
THE OLD SCHOOL
KENSINGTON OLYMPIA STATION
8 mins (0.4 miles)
BARONS COURT STATION
9 mins (0.4 miles)
HAMMERSMITH STATION
10 mins (0.6 miles)
SHEPHERD’S BUSH STATION
17 mins (0.9 miles)
WESTFIELD LONDON
7 mins (1.1 miles)
HOLLAND PARK
8 mins (1.0 miles)
RAVENSCOURT PARK
10 mins (1.5 miles)
HYDE PARK
13 mins (1.8 miles)
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.
KEY: OVERGROUND CENTRAL PICCADILLY CIRCLE HAMMERSMITH & CITY DISTRICTC O N N E C T I V I T Y
CLAPHAM JUNCTION14 mins
HEATHROW AIRPORT35 mins
HOLBORN14 mins
KING’S CROSS
26 mins
LIVERPOOL STREET
23 minsOXFORD CIRCUS11 mins
BAKER STREET19 mins
WESTMINSTER13 mins
MONUMENT28 mins
VICTORIA14 mins
HAMMERSMITH0.6 miles
BARONS COURT
0.4 miles
GREEN PARK 12 mins
KNIGHTSBRIDGE 8 mins
NOTTING HILL GATE6 mins
SHEPHERD’S BUSH0.9 miles
PADDINGTON11 mins
EALING BROADWAY15 mins
THE OLD SCHOOL
KENSINGTON (OLYMPIA)0.4 miles
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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). Not to scale - for indicative purposes only.
THE OLD SCHOOL
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OLYMPIA LONDON
HYDE PARK
THE CITY
KENSINGTON GARDENS
NOTTING HILL GATE
KENSINGTON OLYMPIA
BROOK GREEN
Not to scale - for identification purposes only. Site boundary indicative only.
CANARY WHARF
EARL’S COURT
EARL’S COURT REDEVELOPMENT
WEST KENSINGTON
HAMMERSMITH ROAD
BATTERSEA PARK
WESTMINSTER
HOLLAND PARK
KENSINGTON HIGH STREET
THE OLD SCHOOL
THE OLD SCHOOL
BLOCK 2 (LEFT) & BLOCK 4 (RIGHT)
T H E O L D S C H O O L
The Old School is a collection of attractive, Victorian, former school buildings that are located
on the north side of Brook Green.
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
COMBINED TOTAL 2,952.58 31,781
� 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.
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E x i st i n g O ff i c e A c c o m m o d at i o n
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BLOCKS 2 & 3 VIEW OF THE SITE FROM BENEATH BLOCK 1
OXFORDGATE
GIRDLE
RSROAD
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1to
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45
13
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49
1
Tudor HouseRC Church
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2
51
12to
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32
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42
10
1
Aynh
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ansio
ns
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1 to 22Holy Trinity
10
33
57
7
Stua
rtHo
use
1 to
28
Balmoral House
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50
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41
55
55
42
Pres
byte
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WINDSOR WAY
4
1 to 23
1 to
28
5 Sand
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amHo
use
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36
29
42
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S I T E T O W N P L A N N I N G
� The property falls within the jurisdiction of the London Borough of Hammersmith and Fulham.
� The buildings are not statutorily Listed, but are identified by the Local Authority as buildings of merit.
� The property is situated in the Brook Green Conservation Area.
� The existing use of the property falls under Class B1 of the Town & Country Planning (Use Classes) Order 1987.
� 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.
NOTE: 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. NOTE: Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.N
THE OLD SCHOOL
T E N U R E & T E N A N C I E S
� The property is for sale freehold and is held under Title Number 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:
BUILDING TENANT TERM RENT COMMENTS
BLOCK 1Jonathan 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 Number 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.
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A N O U T STA N D I N G D E V E L O P M E N T O P P O R T U N I T Y
P ro p o s e d R e s i d e nt i a l A c c o m m o d at i o n
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.
NET SALEABLE AREAS
BUILDING 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 UNIT TYPE) 58 624 1,423 15,320 553 5,948 129 1,388 2,163 23,280
UNITS
BUILDING FLOOR STUDIO 1 BED 2 BED 3 BEDTOTAL
(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 UNIT TYPE) 2 29 8 1 40
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.
NB: 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.
THE OLD SCHOOL
VIEW OF THE SITE LOOKING WEST
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SVP
SV
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UNIT 12.02
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UNIT 12.03UNIT 12.01
SV
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STAIRS
LIFTCORRIDOR
UP
BEDROOM
BEDROOM BEDROOM
BEDROOM
UP
LIFTCORRIDOR
SVP
UNIT 00.01
STORE
BEDROOM
STAIRS
LIFTCORRIDOR
UP
UP
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UNIT 10.01
UNIT 10.02
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BEDROOM
BEDROOM
BEDROOM
UP
BEDROOM
BEDROOM
B L O C K 1
B L O C K 1
B L O C K 1
B L O C K 1
BASEMENT (1 UNIT)
GROUND & MEZZANINE FLOOR (2 UNITS)
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FIRST FLOOR (3 UNITS)
SECOND FLOOR (3 UNITS)
STAIRS
LIFTCORRIDOR
UP
UP
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BEDROOM
BEDROOM BEDROOM
BEDROOM
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KEY: STUDIO 1 BED 2 BED 3 BED
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Pri
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Acc
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Roa
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P R O P O S E D F L O O R P L A N S
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B L O C K 2 & 3
B L O C K 2 & 3
B L O C K 2 & 3
SECOND FLOOR (6 UNITS)
FIRST FLOOR (9 UNITS)
GROUND FLOOR (11 UNITS)
UNIT 20.08
UNIT 20.04 UNIT 20.02
UNIT 20.05UNIT20.03
UNIT 20.01
UNIT 30.03
UNIT 30.02
UNIT 30.01
UNIT 20.06
UNIT 20.07
BEDROOM
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BEDROOM BEDROOM
BEDROOM
BEDROOM
BEDROOM
BEDROOM
BEDROOM
BEDROOM
BEDROOMBEDROOM
SVP
boiler +washerdryer
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boiler +washerdryer
STORE
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FB
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BEDROOM
BEDROOMBEDROOM
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BEDROOM
BEDROOM
BEDROOM
UNIT
Ground Floor Roof
21.02
UNIT 21.03
UNIT 21.04
UNIT 21.06
UNIT 21.05
UNIT 31.01
UNIT 31.02
UNIT 31.03
UNIT 21.01
Ground Floor Roof
First Floor Roof
First FloorRoof
First FloorRoof
SVP
UNIT 32.01
UNIT 22.03
UNIT 22.02
UNIT 22.04
UNIT 22.01
STORE
SVP
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boiler +washerdryer
UNIT 32.02
SVP
boiler +washerdryer
BEDROOM BEDROOM
BEDROOM
BEDROOM
BEDROOM
BEDROOM
BEDROOM
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THE OLD SCHOOL
Private Access Road
KEY: STUDIO 1 BED 2 BED 3 BEDP R O P O S E D F L O O R P L A N S
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VIEW OF THE SITE LOOKING WEST
SVP
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UNIT 40.01
UNIT 40.02
UP
UNIT 40.03
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BEDROOM BEDROOM
BIKE STORE(5no.)
BEDROOM
UP
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UNIT 41.02
UNIT 41.01
BEDROOMBEDROOM
B L O C K 4
B L O C K 4
GROUND (3 UNITS)
FIRST FLOOR (2 UNITS)
P R O P O S E D F L O O R P L A N S
KEY: STUDIO 1 BED 2 BED 3 BED
N
N
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Private Access Road
All floor plans are not to scale - for indicative purposes only.
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S E RV I C E S
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.
E P C S
EPC ratings are C and D. Further information is available on the dedicated dataroom.
TA X AT I O N
The property is elected for VAT.
THE OLD SCHOOL
VIEW OF THE SITE LOOKING EAST ENTRANCE TO BLOCK 1
BLOCK 2 INTERIOR
BLOCK 4
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M E T H O D O F S A L E
The property is to be sold by way of Informal tender (unless sold prior). A deadline for offers will be
provided in due course.
P R O P E R T Y V I E W I N G S
The property may be inspected strictly by appointment only through the
Vendor’s sole selling agents, Savills.
F U R T H E R I N F O R M AT I O N
A dedicated project data room has been set up and interested parties are able to register for login details at:
www.savills.com/50brookgreen
VIEW OF THE SITE LOOKING NORTH EASTBLOCK 4BLOCK 2 MAIN ENTRANCE
THE OLD SCHOOL
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C O N TA C T S
ROBERT POLLOCK MRICS
[email protected] 7409 8114
HARRY WENT WORTH-STANLEY MRICS
[email protected] 7016 3873
JAMES DONGER MRICS
[email protected] 0207 016 3841
IMPORTANT NOTICE
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 2018BLOCK 1
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