CLS Holdings is looking to sell its residential-led scheme at Fulham’s Quayside Lodge for £23.5m.
The freehold site on William Morris Way, SW6, covers 0.78 acres and has planning permission for 110 flats and 11,737 sq ft of flexible office space.
Planning for the 10-storey development totalling 160,000 sq ft was granted in January. It allows for 73 private flats and 37 affordable units (21 affordable rent and 16 shared ownership), equating to 35% affordable housing.
The scheme comprises a mix of studio, one-, two- and three-bedroom flats and includes 200 cycle spaces and electric car charging points. It was designed by EPR Architects and has a potential end value of more than £100m.
The existing office space has a gross area of 54,368 sq ft, split into various suites.
Current tenants include 192.com, Knowledge to Action and Keyholding Company, and it generates an annual income of £789,821 (as of August 2018). Mutual rolling break clauses mean it could become fully vacant by September 2019.
JLL has been appointed to market the scheme.
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