PHOENIX HOTEL 123 -125 Merton Road |Wimbledon | SW19 1ED Exceptional South West London Freehold Development Opportunity Phoenix Hotel 123-125 Merton Road Wimbledon SW19 1ED 2 OPPORTUNITY SUMMARY Residential led development adjoining Wimbledon town centre Popular and convenient commuter location 0.253 Acres (0.094 Hectares) site currently comprising a former hotel and parking area Approximately 500 metres south of Wimbledon mainline station - Underground terminus (District Line) Short walking distance to South Wimbledon Tube Station on the Northern Line Outline planning permission for a total residential scheme totalling 16,896 sq ft (1,570 sq m) comprising the following: • 21 residential apartments providing 14,959 sq ft (1,390 sq m) • 2 town houses comprising 1,937 sq ft (180 sq m) Potential to increase development density further Freehold for sale Phoenix Hotel 123-125 Merton Road Wimbledon SW19 1ED 3 AERIAL VIEW Wimbledon Common Wimbledon Train Station New Wimbledon All England Lawn Theatre Tennis & Croquet Club The Broadway Merton Road PHOENIX HOTEL • South Wimbledon Underground Station (Northern Line) • To A3 via Kingston Road (A298) • To Central London via A24 Phoenix Hotel 123-125 Merton Road Wimbledon SW19 1ED 4 LOCATION Lying in the heart of the Borough of Merton, Wimbledon is a prosperous and affluent suburb in the greater South West London region. Excellent transport links and an international reputation make the town an attractive location for both large multinational companies and residential occupiers. A regular train service from Wimbledon Station provides easy and quick access to London Waterloo (journey time approx 16 mins) while South Wimbledon Tube Station on the Northern Line offer direct and convenient access to Central London. Phoenix Hotel 123-125 Merton Road Wimbledon SW19 1ED 5 SITUATION The property is prominently situated on the Merton Road (A219) which is located close to Wimbledon Broadway and the main shopping centre. Also within short walking distance of Wimbledon Mainline Railway Station and underground terminus (District Line) and the junction between the Kingston Road (A238) and Merton High Street (A24) and South Wimbledon Underground Station (Northern Line). The property can also be accessed via its car park from Griffiths Road which adjoins Merton Road. SITE PLAN DESCRIPTION A detached 5 storey property, previously operating as a hotel comprising 31 bedrooms, all en-suite, with a bar, dining room, and lounge, constructed around a central courtyard area. Amenities include central heating and passenger lifts. To the rear is a car parking and loading area. The Phoenix Hotel has just ceased trading and is being offered with full vacant possession. For indicative purposes only - not to scale Phoenix Hotel 123-125 Merton Road Wimbledon SW19 1ED 6 PROPOSED ACCOMMODATION SCHEDULE PLANNING Apartments 1 Bed 2 Bed Sq M Sq Ft The site benefits from an outline planning consent (17/P3551) for the Ground Floor 1 2 206.7 2,225 complete redevelopment of the property to create 21 new residential First Floor 3 2 323.4 3,481 apartments and two town houses. Nine of the units are allocated for Second Floor 3 2 323.4 3,481 affordable shared ownership. Third Floor 3 2 323.4 3,481 Full details, including proposed floor plans and s.106 agreement, are Fourth Floor 1 2 212.6 2,288 available in the data room or at Merton Borough Council’s Planning Total 11 10 1,389.5 14,956 Portal. Sq M Sq Ft House B 89 958 House C 91 980 PROPOSED FIRST FLOOR PLAN PROPOSED FOURTH FLOOR PLAN Phoenix Hotel 123-125 Merton Road Wimbledon SW19 1ED 7 EPC FURTHER INFORMATION The building has an EPC rating of C. Access to a data room is available on request, which includes: VAT • Floor plans We are advised that the property is not • Indicative Scheme elected for VAT. • Title information TENURE VIEWINGS The property is for sale freehold with vacant possession. Viewings are strictly by appointment through Cattaneo Commercial. PROPOSAL We have been instructed to seek an unconditional offer of £4,750,000 (Four Million Seven Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT. CONTACT Bob Cattaneo Adam Soliman CATTANEO COMMERCIAL LTD Managing Director Director 19-23 High Street +44 (0) 20 8481 4744 +44 (0) 20 8481 4742 Kingston upon Thames +44 (0) 79 6647 8472 +44 (0) 77 1475 9701 Surrey [email protected] [email protected] KT1 1LL www.cattaneo-commercial.co.uk WIMBLEDON THEATRE MISREPRESENTATION ACT 1967 and PROPERTY MISDESCRIPTIONS ACT 1991 Cattaneo Commercial for themselves and for the vendors of this property whose agents they are give notice that: a) the particulars are set out as general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract; b) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact but should satisfy themselves by inspection or otherwise as to the correctness of each of them; c) no person in the employment of Cattaneo Commercial has any authority to make or give any representation or warranty whatever in relation to this property. .