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9 Ram St - Salvation Army 1 Unit Apartment Building Offered at $3,408,316 London SW18 1TJ
Investment Highlights
- Vacant Use Class F1 building, extending to approx. 2,863 sqft.
- Prime Wandsworth Town location near major stations and strong local amenities.
- Planning consent for 50-bed hotel with flexible commercial/community space.
- Surrounded by thriving retail, leisure and regeneration activity at Ram Quarter.
Executive Summary
A 0.07-acre (0.029 ha) site comprising a vacant Use Class F1 building, extending to approx. 266 sqm (2,863 sqft). The property was previously used as a community centre by the Salvation Army.
Planning has been granted to create a 50-bedroom hotel and 1,582 sqft of flexible community/commercial space (Use Class F2/E) on the ground floor.
The total proposed NIA is approx. 926.3 sqm (9,971 sqft), and the total proposed GIA is approx. 1,661.8 sqm (17,888 sqft).
The proposed hotel will consist of 45 standard en-suite rooms and 5 wheelchair accessible rooms, and will also benefit from a lift and escape stairs.
It is our understanding that there is no stay restriction.
There is an opportunity for Feel Good Cafe to operate the commercial unit on a 10-year lease.
There is interest in a pre-let agreement with a fast-growing European hospitality operator for a 15-year lease at £600,000 per annum.
Planning has been granted to create a 50-bedroom hotel and 1,582 sqft of flexible community/commercial space (Use Class F2/E) on the ground floor.
The total proposed NIA is approx. 926.3 sqm (9,971 sqft), and the total proposed GIA is approx. 1,661.8 sqm (17,888 sqft).
The proposed hotel will consist of 45 standard en-suite rooms and 5 wheelchair accessible rooms, and will also benefit from a lift and escape stairs.
It is our understanding that there is no stay restriction.
There is an opportunity for Feel Good Cafe to operate the commercial unit on a 10-year lease.
There is interest in a pre-let agreement with a fast-growing European hospitality operator for a 15-year lease at £600,000 per annum.
Property Facts
| Price | $3,408,316 | Property Type | Multifamily |
| Price Per Unit | $3,408,316 | Building Class | B |
| Sale Type | Investment | Building Size | 2,863 SF |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| Tenure | Freehold | Year Built | 2002 |
| No. Units | 1 | Tenancy | Single |
| Price | $3,408,316 |
| Price Per Unit | $3,408,316 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Tenure | Freehold |
| No. Units | 1 |
| Property Type | Multifamily |
| Building Class | B |
| Building Size | 2,863 SF |
| No. Stories | 2 |
| Year Built | 2002 |
| Tenancy | Single |
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9 Ram St - Salvation Army
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