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Salvation Army 9 Ram St 2,864 sq ft Office Property London SW18 1TJ £2,500,000 (£872.91/sq ft)
INVESTMENT HIGHLIGHTS
- Planning approved for 50-bed hotel with flexible commercial/community space.
- Surrounded by thriving retail, leisure and regeneration activity at Ram Quarter.
- Prime Wandsworth Town location near major stations and strong local amenities.
EXECUTIVE SUMMARY
Planning has been granted, subject to S106 (Ref: 2024/4463 – Wandsworth Council), to create a 50-bedroom hotel and 1,582 sqft of flexible community/commercial space (Use Class F2/E) on the ground floor.
The total proposed NIA is approx. 926.3 sqm (9,971 sqft), and the total proposed GIA is approx. 1,661.8 sqm (17,888 sqft).
The proposed hotel will consist of 45 standard en-suite rooms and 5 wheelchair accessible rooms, and will also benefit from a lift and escape stairs.
Proposed Ground floor commercial unit:
A new owner or Feel Good Cafe will operate the proposed ground floor commercial unit, subject to approval by an aparthotel operator.
Potential Covenant: Feel Good Cafe is an established and well-regarded local operator known for its focus on healthy, seasonal, and sustainably sourced food. The business has a loyal customer base and a strong reputation for quality and community engagement. Their presence will enhance the vitality of the scheme and provide a high-quality amenity for aparthotel guests, residents, and visitors alike.
Lease Term: 10 years.
Break Option: Mutual break option at the 5th anniversary of the lease commencement.
Rent Review: At the 5th anniversary of the lease commencement, on an open market basis.
Rent Schedule (calculated as a percentage of the open market rent):
Year 1 – 15%
Year 2 – 30%
Year 3 – 50%
Years 4–5 – 65%
There will be no stay restrictions associated with the consent.
The total proposed NIA is approx. 926.3 sqm (9,971 sqft), and the total proposed GIA is approx. 1,661.8 sqm (17,888 sqft).
The proposed hotel will consist of 45 standard en-suite rooms and 5 wheelchair accessible rooms, and will also benefit from a lift and escape stairs.
Proposed Ground floor commercial unit:
A new owner or Feel Good Cafe will operate the proposed ground floor commercial unit, subject to approval by an aparthotel operator.
Potential Covenant: Feel Good Cafe is an established and well-regarded local operator known for its focus on healthy, seasonal, and sustainably sourced food. The business has a loyal customer base and a strong reputation for quality and community engagement. Their presence will enhance the vitality of the scheme and provide a high-quality amenity for aparthotel guests, residents, and visitors alike.
Lease Term: 10 years.
Break Option: Mutual break option at the 5th anniversary of the lease commencement.
Rent Review: At the 5th anniversary of the lease commencement, on an open market basis.
Rent Schedule (calculated as a percentage of the open market rent):
Year 1 – 15%
Year 2 – 30%
Year 3 – 50%
Years 4–5 – 65%
There will be no stay restrictions associated with the consent.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Tenure
Freehold
Property Size
2,864 sq ft
Costar Property Class
B
Year Built
2002
Price
£2,500,000
Price per sq ft
£872.91
Tenancy
Single
Number of Floors
2
Typical Floor Size
1,432 sq ft
AMENITIES
- Security System
1 of 6
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Salvation Army | 9 Ram St
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