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    Key features

    • To be offered on Tuesday 10 February
    • The vendor will give the option to buy back the nursery on a 999 year lease at £2,000,000 on practical completion to the incoming purchaser (Please refer to the legal pack)
    • A vacant building previously used as a community hall and working men's club
    • Gayford Road is located off the exceptionally popular Askew Road & an approx. 0.8 miles from Stamford Brook Station
    • Planning permission granted to demolish the existing building and construct a part-three, part-four storey development comprising a nursery (Class E) across the lower-ground & ground-floor in addition to 7 residential flats in the upper floors.
    • An agreement for lease (AFL) has been signed with a leading nursery operator N Family Club on a 25-year FRI lease on 5 yearly RPI linked rent reviews (cap and collar 2% -4%) producing £165,000 pa
    • Full planning permission has been granted, including the successful variation of a Section 73 consent to remove the pupil cap and increase nursery capacity from 72 to 84 places
    • Total proposed residential NIA approx. 5,234sqft & commercial GIA approx. 4,604sqft
    • No VAT on sale price

    Description

    The site area extends to approx. 0.1 acres/ 404.7 sq. m. and comprises a 762 sqm / 8,810 sq ft three-storey building, including two existing basement areas which were formerly utilised as a community hall and working men's club. The property can be accessed from both Gayford Road and Wendell Mews.

    Popularly known as Askew Village, the area boasts an idyllic combination of having the charm of a local village whilst also being incredibly well connected with a wide array of amenities within close proximity of the site. Askew Road is a haven for independent businesses such as The Ginger Pig butcher, Artisan bakeries, shops and restaurants.

    Neighbouring properties are mainly residential and sought after amongst affluent professional families due to proximity to the Tube, green spaces and excellent schools including Wendell Park Primary School, Hammersmith Academy and The Good Shepherd Catholic Primary School.

    Proposed Accommodation


    Agreement for Lease (AFL)

    AFL in place with leading nursery operator N Family Club on a 25-year FRI lease at an initial rent of £165,000 per annum (£35.83 psf), inclusive of a 12-month rent-free period, with annual RPI-linked uplifts (collar and cap of 2% and 4%). The pupil cap has been removed, increasing nursery capacity to 84 places.

    Additional information

    Tenure

    Freehold

    Accommodation

    The site area extends to approx. 0.1 acres/ 404.7 sq. m. and comprises a 762 sqm / 8,810 sq ft three-storey building

    Tenancy

    Vacant


    Please note

    AFL in place with leading nursery operator N Family Club on a 25-year FRI lease at an initial rent of £165,000 per annum (£35.83 psf), inclusive of a 12-month rent-free period, with annual RPI-linked uplifts (collar and cap of 2% and 4%). The pupil cap has been removed, increasing nursery capacity to 84 places.

    Planning

    Hammersmith & Fulham Council

    Granted: Full planning granted May 2025.

    Ref: 2022/01859/FUL

    Description: Demolition of the existing building and the construction of a mixed-use development comprising of a nursery use (Class E) at lower ground and ground floor level, to include external play area at ground floor level and residential dwelling use (Class C3) consisting of 7no. self-contained apartments at the first floor to third floor level (2 x 1 bed, 4 x 2 bed and 1 x 3 beds)."

    Costs: The planning application is subject to S106 contributions of approximately £35,000, and CIL liabilities of approximately £55,231 including indexation.


    The proposed scheme will provide 5,324 sq. ft. of residential floor space with all of the units being for private sale and no onsite affordable housing.


    The commercial (Class E) unit will extend to approximately 4,604sq. ft. GIA with an outside play area of 815 sq. ft.


    At under 11 metres, the scheme avoids the requirement for additional fire lobbies, sprinklers and Gateway approvals. This streamlines design and regulatory process, supporting an accelerated programme and reduced build costs - a clear advantage in today’s complex environment.


    A Section 73 application (Ref: 2025/02124/VAR) has been approved to increase nursery capacity from 72 to 84 pupils. The proposal varies the condition that caps pupil numbers and updates the approved drawings to provide additional cycle and refuse storage. The AFL has been varied to reflect the revised pupil numbers, new rent, and rent-free period.

    Notes

    Joint Agent


    Sam Bacon

    Email: sam.bacon@glpg.co.uk

    Mob: 07530 961 373


    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

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      Local information

      Gayford Road is an approximately 10-minute walk to Stamford Brook Station (District Line) providing a 20-minute journey to Victoria Station and an 11-minute journey time into London Paddington.

      Stamford Brook Station - an approx. 0.8 miles from the property

      Transport

      Stamford Brook Station - Underground services

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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