In Q3 2017 Joiner Cummings acted for BMO Global Asset Management on the sale of Beacon House, Wimbledon.
Wimbledon is an affluent residential area and major office centre in
South West London with excellent multimodal transport connections to
Central London.
Located in the heart of Wimbledon only 300 metres (3 minute walk)
from Wimbledon station and The Broadway.
Highly prominent corner position, being situated at the junction of
Worple Road and Francis Grove.
Beacon House comprises a 12,666 sq ft NIA (15,465 sq ft GIA) freehold
o ce building over ground and three upper floors benefitting from
basement car parking.
Potential to agree a surrender of ground and part first floor (4,646 sq
ft) subject to separate negotiation to achieve full vacant possession.
Excellent potential for residential conversion, office refurbishment or
complete redevelopment for an office or residential scheme.
Prior approval granted for a change of use to residential for a 17 unit
and 12 unit scheme.
Beacon House is located immediately outside the Article 4 Direction
which covers most of Wimbledon centre.
Wimbledon residential capital values are up to £1,500 per sq ft.
Prime office rents in Wimbledon £54.00 per sq ft with highly
restricted supply.