188 PRIME TOWN CENTRE THE BROADWAY

OFFICE DEVELOPMENT OPPORTUNITY WIMBLEDON SW19 1RY Summary

Wimbledon town centre office development opportunity

0.1 acre site

Within 8 minutes walk of Wimbledon transport hub

For sale freehold with vacant possession

Planning consent for development of a seven storey office building comprising 22,189 sq ft

Seeking offers in excess of £4,500,000 (Four million five hundred thousand Pounds) subject to contract and exclusive of VAT

A purchase at this level reflects a capital value of £203 per sq ft

188 THE BROADWAY

WIMBLEDON LONDON SW19 1RY 2

21

LOCATION LANE M1 M40

A3 MER PARKSIDE PARKSIDE 16 T O N

ROAD A219 M25 A40

A21 READING

Wimbledon is an internationally recognised affluent EDON PARK ROAD 8 A4 SLOUGH G A CENTRAL and prosperous London suburb, located 9 miles RRATT WIMBLWIMBLEDON M4 15 LONDON PARKSIDE PARK

LAN south west of , Wimbledon’s strategic WINDSOR E CHELSEA

WIMBLEDON

location and excellent transport links have attracted COMMON A322 HEATHROW

13 A316 RICHMOND

ALL

a number of office occupiers. Its popular wide STAINES BRACKNELL

TENNIS GOLF CLUB OAD WIMBLEDON R KINGSTON

CLUB A30 PARK H ranging retail facilities and Wimbledon Village’s UR

A

A219 Y RTH A33 A DO A3 D 12 WIMBLEDON

A CHERTSEY boutique bars and restaurants and its green open N S

RO R OAD WEYBRIDGE

CROYDON spaces making it a desirable residential area. H

C CANNIZARO ROYAL WIMBLEDON R A218 11 U D M3 PARK H A GOLF CLUB C O CAMBERLEY WIMBLEDON R EPSOM A A30 A23 VILLAGE R Wimbledon offers one of the most connected D W N IM A 10 B X 188 HAYDONS ROAD E LE L 4 WOKING A24 suburban locations in London, with excellent DON A H IL WIMBLEDON 4a L R FARNBOROUGH M25 multinational transport connections by road, bus, D A3

THE RIDGWAY T HE OADWAY tram and rail links. The main road artery being the BASINGSTOKEBR A 2 A331 1 9 7 WORPLE ROAD 9 A31 A219, which runs off the A3, 3 miles to the west and GUILDFORD REDHILL DUNDONALD ROAD provides access to both Central London and the M25 A238 HIGH ST M23

D Motorway at Junction 10. R ON ST GATWICK NG POST CODE: SW19 1RY KI

Unrivalled Transport connections

Rail - 16 minutes to Waterloo with up to 18 trains per hour.

Underground – District and Northern lines provide a direct route to Central London.

Tramlink – Providing links to , and .

Bus – Major interchange providing services to , and Kingston-Upon-Thames.

188 THE BROADWAY

WIMBLEDON LONDON SW19 1RY 3

SITUATION

WEMBLEY STADIUM The site occupies a prominent position on The Broadway situated within just a few minutes from the main Wimbledon Terminus with immediate occupiers in the vicinity including Commercial THE ALL ENGLAND CLUB WIMBLEDON PARK Workers Union (CWU), CIPD (Chartered Institute GOLF CLUB of Personnel and Development) and South West London Health Authority.

There are also a numbering of restaurants in the immediate area along with the Premier Inn Hotel whilst the site is adjacent to the proposed development of the YMCA site.

CENTRE COURT SHOPPING CENTRE M&S, H&M, Tesco, Costa, Boots, WH Smith SOUTH PARK GARDENS

WIMBLEDON BRIDGE HOUSE 188 THE BROADWAY SOUTH WEST LONDON HEALTHCARE PARTNERSHIP CWU

8 MINUTES

WIMBLEDON TOWN CIPD CENTRE PIAZZA Odeon, Nuffield Health, Bill’s, Morrisons PREMIER INN

4

LIFT

WC DESCRIPTION 6 LIFT

LIFT

WC The site is broadly rectangular in shape and currently comprises two buildings with retail use on the ground LIFT 5 UP floor with associated residential and commercial upper parts. The site extends to approximately 0.10 acres (0.04 hectares). The surrounding area comprises a broad mix of commercial uses including retail, office, and hospitality.

LIFT

WC 4 LIFT PLANNING UP

The property falls within the jurisdiction of the . Planning permission (ref: 20/P2166) was granted on 22 February 2021 for:

3 LIFT WC

LIFT Demolition of existing building and erection of seven storey office building. UP

ACCOMMODATION 2

LIFT

WC

LIFT FLOOR USE SQ M (GIA) SQ FT (GIA) SQ M (NIA) SQ FT (NIA) UP Sixth Office 234.00 2,519 197.1 2,122 Fifth Office 291.10 3,133 255.6 2,752 Fourth Office 309.15 3,328 267.4 2,879 1 Third Office 316.05 3,402 274.3 2,953

WC

LIFT

WC

LIFT Second Office 316.00 3,401 274.3 2,953 UP First Office 297.60 3,203 253.7 2,731 Ground Office 297.60 3,203 94.7 1,019 Total 2061.50 22,189 1,617.1 17,409 g

LIFT

WC

LIFT

UP

SHOWER

SHOWER

LOCKERAREA

BINS STORE

188 THE BROADWAY

WIMBLEDON LONDON SW19 1RY 5

OCCUPATIONAL market

Wimbledon is one of London’s Amongst the high profile corporates clustered here include: leading suburban office centres, which offers a superb combination of accessibility, amenities and corporate prestige.

The benefits of an attractive residential location and superb shopping, cafes and restaurants, Wimbledon has a swift mainline rail in and out of London (Waterloo), the Underground (), the Croydon The office market in Wimbledon has been defined for a number of years by and numerous bus services. These factors have made it an extremely extremely tight office supply, a result of high value residential and retail functions attractive location and a viable alternative to Central London, with a surrounding offices buildings limiting future redevelopment. These attributes have broad mix of occupiers from financial & professional services, technology, led to a substantial headline rental growth in recent years as demand far outstrips marketing/sales and public sector functions. supply in Wimbledon and South West London.

Size Rent Property Date Tenant Lease Length (sq ft) (psf)

Swan Court, Worple Road January 2021 Domestic & General 37,400 10 years, break at 5th £47.10

22/24 Worple Road July 2020 HPD Sotware 12,316 10 years, break at 5th £55.00

22/24 Worple Road August 2019 Envoy Digital 8,400 10 years, break at 5th £48.50

Wellington House August 2019 Intelliflo 26,407 10 years, break at 5th £53.50

Central House June 2019 Nineteen Events 3,654 5 years, break at 3rd £47.50

Central House June 2019 Harnham 2,045 5 years, break at 3rd £47.50

22/24 Worple Road February 2019 Fortius 7,793 15 years £48.50

188 THE BROADWAY

WIMBLEDON LONDON SW19 1RY 6

Chelsea

further information

Title & Tenure CONTACT

The site is for sale freehold with Vacant Possession. For further information please contact the letting agents:

VAT Nick Coughlan The property is elected for VAT. t: 0208 947 5050 m: 07774 417 303 e: [email protected] DATA ROOM

A dedicated project data room has been set up and interested parties are able to register for login details at:

www.188thebroadway.co.uk Stewart Rolfe t: 0208 971 4994 m: 07873 129 765 020 8971 4999 e: [email protected] PROPOSAL www.as-r.co.uk

Seeking offers in excess of£4,500,000 (Four Million, Five Hundred Thousand Pounds), reflecting £203 per sq ft on the consented gross internal floor area.

MISREPRESENTATION ACT, 1967. Houston Lawrence & Andrews Scott Robertson for themselves and for the Lessors, Vendors or Assignors of this property whose agents they are, give notice that: These particulars do not form any part of any offer or contract: the statements contained therein are issued without responsibility on the part of the firm or their clients and therefore are not to be relied upon as statements or representations of fact: any intending tenant or purchaser must satisfy himself as to the correctness of each of the statements made herein: and the vendor, lessor or assignor does not make or give, and neither the firm or any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property. VAT may be applicable to the terms quoted above. Compiled May 2021. 188 THE BROADWAY

WIMBLEDON LONDON SW19 1RY 7