Joint agents Christie & Co and Saxbury bring to market prime hotel, aparthotel or c2 use development opportunity in Chiswick, West London

Ideally situated on Acton Lane, just off the Chiswick High Road and within 100 metres from Chiswick Park station, the site sits within Chiswick Green, a central area of the picturesque West London village which is undergoing an exciting regeneration project.

The desirable London location is home to an array of boutique shops, attractive bars and restaurants, and is known for its stunning riverside views and nature parks.

The development site currently comprises six, three-storey buildings and benefits from an existing detailed planning consent to be developed into a five-storey mixed use building.

Subject to the necessary planning consents, there is potential to change the consented scheme to a 118 unit aparthotel scheme or hotel  (C1) which could be made up of 75% one-bedroom suites, a gym, communal working space and a welcome lounge. There is scope to increase the bedroom count and reconfigure the public areas depending on the specification required by the operator.

Alternatively, there is scope to create an outstanding luxury retirement living or elderly care home scheme extending to a Gross Internal Area of circa 5,876 sq m.

The site is being brought forward by real estate investment and development asset manager, Portobello Trust.

Patrick Ruddy, Director of Portobello Trust comments  “Portobello Trust has a track record of delivering mixed use schemes in London’s Prime Villages. Chiswick presents an opportunity to acquire an asset that benefits from a substantial planning consent, suited to a variety of uses. The development will complete the regeneration of the micro-location, delivering high quality and sustainable new build property along with an enhanced public realm in close proximity to Chiswick Park Station and Turnham Green”.

Jordan Rundle, Director – Healthcare Development & Investment at Christie & Co, comments, “It is rare to find a development site with strong potential for a luxury elderly or retirement living development opportunity in such a prime London location.  Chiswick is a leafy west London village with an exceptional affluence profile indicated by average house prices in excess of £1million and local new build residential tone in excess of £1,000 per square foot. Statistical demand for purpose-built accommodation for the elderly is very high in the local catchment and the site already benefits from a substantial mixed use planning permission with good scope to re-purpose for alternative uses including a mixture of C2 models. ”

Craig Millward, Director of Corporate Hotels at Christie & Co, comments, “Sites as prime as this, which are suitable for hotel development come around rarely so it’s perhaps not surprising, even in the current challenging funding climate, that we have already seen competitive demand from hotel owner operators interested in acquiring the site as well as from international flags to badge the asset.”

Adam Lowenthal, Director of Aparthotel Investments at Saxbury, comments “We are very excited about this potential aparthotel scheme in Chiswick as we have seen a lack of supply of legitimate short-term accommodation in this area. This is in spite of the high level of demand coming from corporates at Chiswick Business Park and along the Golden Mile.”

For further information on this press release, contact:     

Bronte Hughes, Corporate Communications Manager
P: 020 7227 0794 or E: bronte.hughes@christie.com

Contact the agents:

Jordan Rundle, Director – Healthcare Development & Investment
M:  07711 767 180 or E: jordan.rundle@christie.com

Craig Millward, Director – Hotels
M: 07791 174 781 or E: craig.millward@christie.com

Adam Lowenthal, Director – Aparthotels
M: 07818 064 757 or E: al@saxbury.com

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