Streatham High Road, London, SW16
- SIZE AVAILABLE
9,877 sq ft
918 sq m
- SECTOR
Hotel for sale
- USE CLASSUse class orders: C1 Hotels
C1
Key features
- GIA 9,877 sq ft
- Freehold
- VAT applicable
- Public house and ancillary accommodation
- 0.1 miles from Streatham Hill station (Thameslink)
Description
Ideally located in the heart of Streatham High Road and 0.1 miles from Streatham Hill station (Thameslink) offering easy access to Clapham Junction within 10 minutes and London Victoria in just 18 minutes.
Existing accommodation arranged as a pub over ground and basement (5,453 sq ft) and two floors of dilapidated ancillary accommodation above arranged as 12 rooms and associated WC's, a function room, bar, office, storage rooms and kitchens (4,424 sq ft).
Total GIA - 9,877 sq ft.
The ancillary accommodation is a blank canvas and has the potential for a variety of uses, such as serviced apartments, co-living, HMO, Hostel etc.
Planning Permission is due imminently for the retention and refurbishment of the former public house (Sui Generis) at ground and basement; change of use and refurbishment of the vacant first and second floors from ancillary public house (Sui Generis) to hotel use (C1), installation of cycle parking and associated external alterations. Planning Ref - 23/03926/FUL - Lambeth Council
The consent will see the upper parts reconfigured as an 18-bedroom hotel (C1) use.
An agreement for lease has been signed for the pub over ground floor and basement and Heads of Terms have been signed for the upper parts, headline are as follows:
Pub - 15 year FRI lease to a Gastropub operator at an annual rent of £100,000 per annum, 5 yearly rent reviews, upward only. Tenant - Rhapsody Group -
Hotel - 10 year IRI lease at an annual rent in the region of £252,000 per annum, subject to completion of the consented planning permission and tenants desired specification. Tenant - Limehome -
Freehold.
VAT applicable.
Guide Price - £2,000,000 (Two Million Pounds) subject to contract and on an Unconditional Basis, reflecting a low capital value of £202 psf.
Brochures
Streatham High Road, London, SW16
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Streatham Hill Station0.2 miles
- Streatham Station0.7 miles
- Tulse Hill Station1.0 miles
A London based boutique property consultancy with a global track record. We are investment and development land specialists, primarily selling land and buildings with and without planning permission, with a focus on residential blocks and commercial investment opportunities in retail, leisure and office space. We also act on behalf of clients on residential and commercial acquisitions.
Established in 1983 with exceptional combined experience, our dynamic team of fourteen work tirelessly
Notes
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