HHHOBART HALLRIVERSIDE DEVELOPMENT OPPORTUNITY

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RIVERSIDE DEVELOPMENT OPPORTUNITYHOBART HALL, 43-47 PETERSHAM ROAD, RICHMOND, TW10 6UL

INVESTMENT HIGHLIGHTS• Grade II Listed, 17th Century Building

previously trading as a 33 bedroom hotel

• Rare riverbank plot, in one of London’s most affluent and sought after locations

• Site is 0.62 acres and the Hotel has a GIA of approximately 16,216 sqft (1,507sq m)

• Freehold

• The property is vacant and will be available by means of an asset sale

• Fantastic tourist attractions and demand drivers nearby including Richmond Park, Hampton Court Palace, Kew Palace, Twickenham Stadium, Syon Park & House, Ham House & Garden and The River Thames.

INVESTMENT SUMMARYThe Hotel presents a rare development opportunity in the affluent area of Richmond. The property holds an enviable position overlooking the River Thames and sits on a large plot of land which makes it a truly unique proposition.

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LOCATIONRichmond forms part of the London Borough of Richmond upon Thames in South West London. Other districts within the Borough include Twickenham, Hampton, Teddington and Kew.

Richmond is one of London’s most affluent and desirable locations. Richmond upon Thames boasts over 5,000 acres of open space (including Richmond Park the largest Royal Park covering 2,500 acres), 20 miles of picturesque riverside, and a cultural heritage dating back centuries, all just 9 miles south west of Central London.

The town is a major retail and tourist destination with local attractions including Richmond Park, Hampton Court Palace, Kew Palace, Twickenham Stadium, Syon Park & House, Ham House and Garden, Twickenham Stadium and The River Thames. Central London and other attractions such as Windsor, Ascot and The All England Lawn Tennis Club are easily accessible.

RAIL LINKSHobart Hall is approximately 0.6 miles away from Richmond Station (13 minute walk) and approximately 1.6 miles from Twickenham Station.

Richmond station is serviced by South Western Railway services which provides connections to Central London via Clapham Junction and Waterloo with a journey time of 8 minutes and 19 minutes respectively. The London Underground (District Line) and London Overground North London Line also operate from Richmond Station.

Travel time to other central London locations

Clapham Junction 8 mins

Waterloo 19 mins

Victoria 26 mins

Kings Cross St Pancras International 44 mins

Charing Cross 45 mins

ROAD LINKSThe hotel and Richmond generally is well connected and positioned within close proximity of major roads and national motorways.

Travel distance by road to major roads, motorways and London destinations

Twickenham Road 0.7 miles

M4 2.4 miles

A3 4.5 miles

M3 7 miles

Central London 9 miles

M25 12 miles

M40 14.5 miles

AIR LINKSWithin one hour of the hotel, there are flights to almost 400 countries. Heathrow Airport is the nearest airport, just a 20 minute drive from the hotel and is also the UK’s busiest airport. Heathrow is currently undergoing an expansion with the introduction of a third runway which will further add to Hobart Hall’s connectivity.

Distance to international airports

London Heathrow Airport 7 miles

London City Airport 19 miles

Gatwick Airport 30 miles

London Luton Airport 36 miles

London Southend Airport 65 miles

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Important NoticeSavills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy them-selves by inspection or otherwise.

Property photos dated 24th June 2019. Particulars dated 8th July 2019. Designed and Produced by RDM Agency Ltd - www.rdmagency.co.uk

FURTHER INFORMATIONTenureFreehold. Vacant Possession.

CovenantsThere is an Overage Provision on the property until 30 March 2031 with the Trigger Event being planning permission for the change of use from hotel to any C3 residential use. Please go to the data room for more information.

EPCThe property is Grade II listed and therefore does not require an EPC.

Transaction Structure, Process and TimingThe Hotel will be sold by way of an asset sale of the freehold property.

Formal inspections of the Hotel will be made strictly by appointment with Savills. Under no circumstances should direct contact be made with the Hotel.

Gary WithamDirectorgwitham@savills.com+44 (0) 207 409 9902+44 (0) 7967 555 678

Joshua O’RourkeGraduate Surveyorjoshua.orourke@savills.com+44 (0) 207 409 8031 +44 (0) 7816 530 609

ViewingStrictly by prior appointment.

Contacts For further information please contact:

Alex SturgessDirectoralex.sturgess@savills.com +44 (0) 207 535 3339+44 (0) 7796 185 197

Charley AllenSurveyorcallen@savills.com+44 (0) 207 075 2859+44 (0) 7976 746 634

THE PROPERTYThis Grade II listed property was previously trading as a 33-bed hotel but has been closed for a number of years which has led to disrepair. Whilst currently in a poor condition, its position in Richmond and situation overlooking the River Thames makes it a unique opportunity for someone to develop into an upscale boutique hotel. The hotel sits on a significant plot of land, of approximately 0.62 acres, which gives it an advantage over other hotels in the area. The building itself comprises a GIA of approx. 16,216 sq ft (1,507 sq m).

PLANNING HISTORYDate of Decision Reference Description of Development Decisions

Jun 2014 13/2549/FUL Removal of modern link building between 43 and 47 and Withdrawn by the applicant 16/06/2014 – “requiring lean-to coach house extensions. Stabilisation, renovation fundamental amendments to design interventions and upgrade of listed buildings into 18 all-suite hotel. and more detailed drawings and structural details”. Replace link building and erection of conservatory to coach house. Jun 2004 04/0843/FUL Rebuilding Of Existing Timber Framed Building Granted permission 25/06/2004 As Single Storey Timber Framed Two Bedroom Structure. Dec 2003 02/3052 Rebuilding Of Existing Timber Framed Building Decided as no further action be taken 02/12/2003 To Provide 2 En-suite Bedrooms. Demolition Of Existing Timber Framed Building. Nov 2002 02/2719 Alteration Of Parapet Wall Detail Re-using Salvaged Material Granted permission 04/11/2002 And Replacing To Match Where Necessary To Coach House Fronting Petersham Road Oct 1988 87/1332 Restoration of the existing buildings and the construction Granted permission 10/10/1988 of a new wing in the centre and rebuilding of the south wing. (Amended Plan No.(s) 472/18, 19, 20, 21, 22, 23, 24, 25, 26, 27, and 28B received on 27th July 1988). (Amended Plans 26a and 27a received on 27th September 1988).