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DESCRIPTION
A detached 5 storey property, previously operating as a hotel comprising 31 bedrooms, all en-suite, with a bar, dining room, and lounge, constructed around a central courtyard area. Amenities include central heating and passenger lifts. To the rear is a car parking and loading area.
The Phoenix Hotel has just ceased trading and is being offered with full vacant possession.
OPPORTUNITY
SUMMARY
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- Residential led development adjoining Wimbledon town centre
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- Popular and convenient commuter location
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- 0.253 Acres (0.094 Hectares) site currently comprising a former hotel and parking area
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- Approximately 500 metres south of Wimbledon mainline station - Underground terminus (District Line)
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- Short walking distance to South Wimbledon Tube Station on the Northern Line
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- Outline planning permission for a total residential scheme totalling 16,896 sq ft (1,570 sq m) comprising the following:
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- 21 residential apartments providing 14,959 sq ft (1,390 sq m)
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- 2 town houses comprising 1,937 sq ft (180 sq m)
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- Potential to increase development density further
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- Freehold for sale
TERMS
We have been instructed to seek an unconditional offer of £4,750,000 (Four Million Seven Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.
LEASE
The property is for sale freehold with vacant possession.
ACCOMMODATION
Floor |
Size |
Price/Rent |
Rates Payable |
1 Bed flats x11 |
6,571 sq ft - 611 sq m |
|
|
2 Bed flats x 10 |
8,388 sq ft - 780 sq m |
|
|
Houses x 2 |
1,937 sq ft - 180 sq m |
|
|
Total |
16,896 sq ft
(1,570 sq m) |
|
|
LOCATION
Lying in the heart of the Borough of Merton, Wimbledon is a prosperous and affluent suburb in the greater South West London region. Excellent transport links and an international reputation make the town an attractive location for both large multinational companies and residential occupiers.
A regular train service from Wimbledon Station provides easy and quick access to London Waterloo (journey time approx 16 mins) while South Wimbledon Tube Station on the Northern Line offer direct and convenient access to Central London.