London - Battersea - Bridges Court Road - Altura Tower
EXECUTIVE SUMMARY
Prime freehold riverside building with vacant possession suitable for redevelopment
Battersea is one of London’s most vibrant regeneration zones and houses the landmark Battersea Power Station a world class retail, commercial and leisure destination
Benefits from excellent communications, including Clapham Junction Station, which provides regular direct overground services to London Vauxhall, Victoria and Waterloo and the unique Thames Clipper by Uber
Comprises a purpose built, former 5-star, 67,171 sq. ft hotel opened in 2010 across basement, ground to 5th and the 13th floor featuring 78 ensuite bedrooms, 48 secure underground car spaces, river view balconies, a bar, restaurant, spa, pool, gym and expansive conference facilities
Freehold interest of the whole estate producing a ground rent income of £53,846 pa rising to £107,962 pa in 2031 combined with the long leasehold interests of the basement to 5th floors and 13th floor of Altura Tower
Exceptional redevelopment and enhancement opportunities including (subject to planning):
Retain the property as a hotel
Convert into a 96-bedroom care home (via 2022 planning consent)
Change of use to residential / co-living (positive pre-app in Dec 2017)
Change of use for student accommodation
Our clients are seeking offers in the region of £19,000,000 (Nineteen Million Pounds) for the combined leasehold and freehold interests, reflecting a low capital value of £283 per sq ft
CONTACT
Please contact us for further information regarding any of the properties on our site.
Barry Marshall