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Salvation Army 9 Ram St 2,863 SF Retail Building London SW18 1TJ $3,352,240 ($1,170.88/SF)
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
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Building Size
2,863 SF
Building Class
B
Year Built
2002
Price
$3,352,240
Price Per SF
$1,170.88
Tenancy
Single
Building Height
2 Stories
Nearby Major Retailers
1 of 6
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Salvation Army | 9 Ram St
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