SHEPHERD`S BUSH Iconic London Freehold Building

WALKABOUT
SHEPHERD’S BUSH
Iconic London Freehold Building
WALKABOUT
SHEPHERD’S BUSH
THE OPPORTUNITY
LOCATION
DESCRIPTION
ACCOMMODATION
HISTORY
MAJOR DEVELOPMENTS
FURTHER INFO
THE OPPORTUNITY
L andmark freehold property
on Shepherd’s Bush Green
nique and distinctive
U
property with a large floor area
of c.12,700 sq ft.
djacent to O2 Shepherd’s
A
Bush Empire live music venue
and a new 322 bedroom hotel
development
Area has substantial footfall
from nearby Westfield
Shopping Centre (27.5m
annual vistors) & Shepherd’s
Bush Market
Currently trading as a fully
licensed bar
ignificant opportunity to
S
diversify and/or change the
use of the venue
56 Shepherd’s Bush Green | London | W12
An investment opportunity
WALKABOUT
SHEPHERD’S BUSH
THE OPPORTUNITY
LOCATION
DESCRIPTION
ACCOMMODATION
HISTORY
MAJOR DEVELOPMENTS
FURTHER INFO
Aerial
MAP
SITUATION
qpr loftus road
stadium
Westway
(a40)
BBC WOOD LANE
stanhope major development scheme
WOOD LANE
shepherd’s bush
market
Westfield
shopping centre
shepherd’s bush market
(major development proposed)
West cross
route (a3220)
shepherd’s bush pavilion
(dorsett regency hotel development)
o2 SHepherd’s
bush empire
SHepherd’s bush
common
WALKABOUT
uxbridge road
(a4020)
shepherd’s bush
shepherd’s bush
West 12
shopping centre
56 Shepherd’s Bush Green | London | W12
An investment opportunity
WALKABOUT
SHEPHERD’S BUSH
THE OPPORTUNITY
LOCATION
DESCRIPTION
ACCOMMODATION
HISTORY
MAJOR DEVELOPMENTS
FURTHER INFO
Aerial
MAP
SITUATION
Location
HAMMERSMITH
PARK
BBC
WOOD
LANE
GE R O
AD (A4
0
N
AVE
UE
HOLLAND
PARK
02)
(A4
SHEPHERD’S
BUSH
WEST 12
SHOPPING
CENTRE
HOLLAND
PARK
AD
RO
GOLDHAWK
ROAD
SHEPHERD’S
BUSH COMMON
ND
LLA
HO
K
AW
L DH
GO
H
ARK
DP
AN
L
L
O
20)
WALKABOUT
D
ROA
)
220
(A3
UXBRID
SHEPHERD’S
BUSH
SHEPHERD’S BUSH ROAD (A219)
Shepherd’s Bush benefits from strong road
and rail transport links. It lies close to five
different underground stations (Shepherd’s
Bush & White City (central line), Shepherd’s
Bush Market / Goldhawk Road / Wood Lane
(Hammersmith & City line); and is serviced
by eighteen bus routes.
SHEPHERD’S
BUSH MARKET
TE
OU
The area has seen substantial development
notably the £1.6billion Westfield London
Shopping Centre which opened in 2008
alongside Shepherd’s Bush (Central Line)
Underground Station on the north side of
Shepherd’s Bush Common. The development
is the largest urban shopping centre in Europe
and comprises 150,000 sq m of retail space
attracting over 27.5 million annual visitors.
WESTFIELD
SHOPPING
CENTRE
R
SS
Lying five miles west of Central London,
Shepherd’s Bush is primarily residential in
character with a commercial hub developed
around Shepherd’s Bush Common.
A40
CRO
ST
WE
WOOD LANE
The property is located on Shepherd’s Bush
Green which lies in the heart of Shepherd’s
Bush, an affluent suburb of the London
Borough of Hammersmith & Fulham.
WOOD LANE
KENSINGTON
OLYMPIA
Demographics
Within a 20 minute contour, Shepherd’s
Bush has a total population of 1,198,569
and over 67% have an A, B, or C1
social grade.
Source: Mosaic UK (2011) / 2001 Census
56 Shepherd’s Bush Green | London | W12
An investment opportunity
WALKABOUT
SHEPHERD’S BUSH
THE OPPORTUNITY
LOCATION
DESCRIPTION
ACCOMMODATION
HISTORY
MAJOR DEVELOPMENTS
FURTHER INFO
Aerial
MAP
SITUATION
50
52
48
50
51
49
49
45
47
46
44
45
43
44
42
41
42
40
43
39
40
38
41
38
37
22
20
20
18
18
14
16
12
21
15
13
5
4
11
2
9
T
5
3
4
Village
Hall
Aldine House
25-27
Cafe
Bal 2ac
1
176
7
172
150
148
146
142
140
2
136
Retail
PENNAR
UXBR
76
IDGE
Offices
on
Graft ge
Colle
1
58
Retail
61
56
54
Retail
57
52
126
124
122
ROAD
118
116
3
8
ington
1-7 Bodd
100
S
D’
HER
48
49
44
47
42
94
43
38
41
39
56
90
88
86
84
80
82
20
20
12
53
Retail
4
12
14
7
10
1
rk
Lana
5-19 ons
nsi
Ma
16
18
WK
HA
20
22
ka
nnard
n Ma
Alaxtiles
Te
Pe
1-26
26
ons
Mansi
LD
GO
5
RO
1a
2a
9
11
13
15
19
Court
1-6
Raynor
6
1a
21
23
22
24
26
28
7
8
3
9
10
11
12
14
57
5
56
7
55
9
54
11
15
53
13
52
15
50
48
49
47
46
Retail
1b
1d
1-50 Sinclair Mansions
AD
5
3
D’S
ER AD
EPH RO
SHUSH
B
9
28
Court
53
8
6
WEST 12
SHOPPING CENTRE
20
OAD
4
6
8
Retail
ney
11
Retail
Rom
AD
13
Retail
2
1
18
Retail
10
12
16
Retail
47
10
14
Retail
6
8
RD’
SHE
’S
ERD
EPH RE
SH EMPI
2
O SH
BU
5
EN
GRE
6
30-40b Richmond Way
17
SH
S BU
PHE
1-70
RO
14
D
LEY R
19
16
54
58
4
1
14
RD
21
60
VE
23
62
RO
25
64
KG
NA
22
66
OC
27
WAL
24
68
3
ROCK
PEN
29
26
72
ST
28
31
74
RICHMOND WAY
33
76
4
UT
KABO
30
78
Recreation Site
32
35
4
3
2
70
0)
34
37
5
49
51
OD
36
7
6
WO
40
8
45
47
92
N
45
11
10
9
53
106
REE
P
SHESH
N
BU ILLIO T
PAV RSET Y
(DOGENC
E
R TEL)
HO
46
51
12
39
5
SHEPHERD’S BUSH
COMMON
HG
53
4
Court
23
24
41
43
98
96
108
19
22
14
1
102
104
110
16
13
6
114
(A402
21
14
37
2
120
15
GE ROA
US
50
55
30
1
2
UXBRID
’S B
59
16
ERD
60
63
26
34
6a
4a
EPH
64
62
65
24
22
2a
SH
69
67
10
8a
8
20
18
14
4a
4b
128
70
68
66
S
EET
STR
6a
6c
132
74
NE
TER
10a
10c
134
72
71
34
138
11
130
130a
D ROAD
152
13
23
30
30a
75
73
154
17
16
33
156
20
27
9
12
18
41
25
7
11
39
43
21
19
10
17
18
37
12
17
8
19
14
15
7
35
12
12a
Mansions
14
1
158
33
16
16a
160
31
ET
12
16
17-32 Aldine Court
162
1
7
10
6
14
29
RE
18
5
13
1
27
ST
8
18
G
25
6
1
1a
Education
6-16 Lanark
3
144
Edwards
77
5
168
12
23
4
33
20
n
co
as
21
R
la
yP
28
28a
174
20
ce
19
O
22
22
Pla
co
as
G
32
32a
178
Library
3
17
3
17
2
19
2
15
M
24
24
31
166
5
26
23
170
Passmore
26
184
180
TA
D
25
T
TREE
BULW
13
CAXTON ROAD
AD
6
Bush
11
27
ER S
58
Shepards
9
1 Aldine Court
HOPEG
2020
Casting
8
56
58a
38
7
24
26
ce
ny
1
12
14
16
18
dy
OOD S
7
2c
10
50
52
40
5
2
4
man
19 Nor
Place
9
54
42
44
3
E
12
46
48
28
1
1
3
N
2b
32
34
36
30
2
4
6
8
10
LA
1
2a
Public
20
22
3
14
16
18
12
House
Hume
)
220
(A3
6
Bpp Professional
SHEPHER
BUSH M D’S
ARKET
29
15
1 Westwood
House
9
28
17
E RO
11
13
13
ce
19
7
190
RIDG
Bu
Pla
13
8
196
UXB
12
30
1
Adjacent to the northern boundary
there is the Shepherd’s Bush Pavilion, a
former cinema and bingo hall which is
currently being redeveloped into a 322
bedroom Dorsett Regency hotel due
to open in 2014.
32
23
17
INE STREET
ALD
SHEPH
MARKEERD’ S BUSH
T
dy
un
rg
25
19
N
4
27
21
BO
6
23
UR
8
Place
WOOD LANE
On the south side, immediately
adjacent to the property, is the O2
Shepherd’s Bush Empire, a renowned
live music venue.
10
10
Burgun
BO
14
12
dy
1
29
TE
OU
16
31
SHEPHERD’S
BUSH
24
22
27
25
Recreation Site
SS R
RO
The premises are situated on
Shepherd’s Bush Green, directly
fronting Shepherd’s Bush Common.
24
33
4 Savory
Place
26
35
SHEPHERD’S
BUSH
28
28
26
WESTFIELD
SHOPPING
CENTRE
37
29a
ST C
30
30
39
31a
1 Savory
Place
32
32
35
STERNE STREET
34
112
112a
36
MACFARLANCE ROAD
36
34
WE
Situation
use
d Ho
Norlan
47
48
46
1a
18
Offices
Offices
1-50 Rockley Court
Shepherds Studios
1
10
1
175
"(c) UKMap Copyright. The GeoInformation Group 2013 Licence No. LANDMLON100003121118"
56 Shepherd’s Bush Green | London | W12
An investment opportunity
WALKABOUT
SHEPHERD’S BUSH
THE OPPORTUNITY
LOCATION
DESCRIPTION
ACCOMMODATION
HISTORY
MAJOR DEVELOPMENTS
FURTHER INFO
Image gallery
Description
The property comprises a bar venue
arranged over basement, ground and
two upper floors. The building is of
traditional brick and stone construction
under a pitched slated roof.
The venue currently trades as
Walkabout, an Australasian-themed bar.
The front of the property is painted in a
distinctive fashion in the green, yellow
and red that has become synonymous
with the Walkabout themed bars.
At ground floor level there is a large
trading area with long bar servery
immediately to the right of the entrance.
Towards the rear of the property is a
raised stage area, kitchen and customer
toilets.
The first floor comprises a long bar
servery and a large trading area parts
of which overlook the ground floor
entrance and rear stage area. There are
also additional customer toilets.
The second floor comprises plant room
and ancillary accommodation.
The basement includes a cellar, wine/
spirit store and further storage areas.
The venue has the capacity for 1,150
customers.
56 Shepherd’s Bush Green | London | W12
An investment opportunity
WALKABOUT
SHEPHERD’S BUSH
THE OPPORTUNITY
LOCATION
DESCRIPTION
ACCOMMODATION
HISTORY
MAJOR DEVELOPMENTS
FURTHER INFO
Image gallery
56 Shepherd’s Bush Green | London | W12
An investment opportunity
WALKABOUT
SHEPHERD’S BUSH
THE OPPORTUNITY
LOCATION
DESCRIPTION
ACCOMMODATION
HISTORY
MAJOR DEVELOPMENTS
FURTHER INFO
Image gallery
56 Shepherd’s Bush Green | London | W12
An investment opportunity
WALKABOUT
SHEPHERD’S BUSH
THE OPPORTUNITY
LOCATION
DESCRIPTION
ACCOMMODATION
HISTORY
MAJOR DEVELOPMENTS
FURTHER INFO
Image gallery
56 Shepherd’s Bush Green | London | W12
An investment opportunity
WALKABOUT
SHEPHERD’S BUSH
THE OPPORTUNITY
LOCATION
DESCRIPTION
ACCOMMODATION
HISTORY
MAJOR DEVELOPMENTS
FURTHER INFO
Image gallery
56 Shepherd’s Bush Green | London | W12
An investment opportunity
WALKABOUT
SHEPHERD’S BUSH
THE OPPORTUNITY
LOCATION
DESCRIPTION
ACCOMMODATION
HISTORY
MAJOR DEVELOPMENTS
FURTHER INFO
FLoor plans
Accommodation
Area
Sq Ft
Sq M
Description
Ground
5,778
536.8Trading area & main bar; cloakroom; DJ booth; customer
toilets & disabled toilet.
1st Floor
4,700
436.6Trading area & bar; kitchen & ancillary storage; stage; & customer toilets
2nd Floor
964
Basement
1,301
Total
89.6Plant Room / ancillary
120.9Main cellar, spirits/wine store & storage
12,7401,184
56 Shepherd’s Bush Green | London | W12
An investment opportunity
WALKABOUT
SHEPHERD’S BUSH
THE OPPORTUNITY
LOCATION
DESCRIPTION
ACCOMMODATION
HISTORY
MAJOR DEVELOPMENTS
FURTHER INFO
FLoor plans
SECOND FLOOR
FIRST FLOOR
GROUND FLOOR
CELLAR
Indicative floor plans, not to scale.
56 Shepherd’s Bush Green | London | W12
An investment opportunity
WALKABOUT
SHEPHERD’S BUSH
THE OPPORTUNITY
LOCATION
DESCRIPTION
ACCOMMODATION
HISTORY
MAJOR DEVELOPMENTS
FURTHER INFO
History
The property was originally constructed
as a cinema in 1910 and was named
the Shepherd’s Bush Cinematograph
Theatre. The developer and owner was
Montagu Pyke who was an early cinema
pioneer and entrepreneur. The original
seating capacity was 900.
The cinema was subsequently renamed
the Shepherd’s Bush Palladium and then
in November 1923 the building reopened
with 763 seats as the New Palladium.
During World War 2 the building narrowly
escaped being hit by a flying bomb,
which in 1944 hit the neighbouring
Shepherd’s Bush Pavilion, destroying the
original interior. The Pavilion did not reopen until 1955
The property stayed in cinema use
operating under various names – the
Essoldo, the Classic and finally the
Odeon 2 – until 1981 when it closed for
the final time.
Subsequently, the property was
converted to a pub/bar now owned
and operated by Intertain and branded
Walkabout, an Australasian-themed bar.
56 Shepherd’s Bush Green | London | W12
An investment opportunity
WALKABOUT
SHEPHERD’S BUSH
THE OPPORTUNITY
LOCATION
DESCRIPTION
ACCOMMODATION
HISTORY
MAJOR DEVELOPMENTS
FURTHER INFO
Major
Developments
As well as the Westfield London
development has there are a number
of other major schemes nearby or in
the pipeline:
BBC Centre
Shepherd’s Bush Pavilion
The BBC Studio, on Wood Lane, has
recently been acquired by development
company Stanhope who are working
up a major redevelopment. The current
proposal, expected to be completed
in 2020, comprises a mix of leisure, retail
and residential uses including a new
50-bedroom boutique hotel
and over 1,000 new residential
apartments.
The adjacent Shepherd’s Bush Pavilion
is a Grade II listed building, formerly
a cinema and bingo hall. The Pavilion
closed its doors for good in 2001. In 2009
planning permission was granted for
conversion into a luxury hotel. Demolition
work began in 2012 and the re-built midmarket hotel, to be called the Dorsett
Regency, is due to open in 2014.
Shepherd’s Bush Market
WEST 12
There is a major redevelopment planned
of the Shepherd’s Bush Market. This
development will see several market
squares created alongside 212 new
residential units. The market squares will
feature different types of national cuisines
and accommodate pop-up shops and
temporary trading space for start up or
small businesses.
The West 12 shopping centre boasts over
30 major occupiers comprising a range
of retail and leisure outlets including a
Vue Cinema, IBIS hotel, JD Wetherspoon,
Pizza Express, Fitness First and a variety
of high street retailers.
56 Shepherd’s Bush Green | London | W12
An investment opportunity
WALKABOUT
SHEPHERD’S BUSH
THE OPPORTUNITY
LOCATION
DESCRIPTION
ACCOMMODATION
HISTORY
planning
Contact
The property lies within the Shepherd’s
Bush Conservation Area and is a ‘Building
of Merit’ on the London Borough of
Hammersmith & Fulham’s Local Register.
All enquiries should be via the sole selling agent, as follows:
Tenure
Freehold. The property is held freehold
under title number NGL257261.
MAJOR DEVELOPMENTS
FURTHER INFO
Paul Tallentyre
Davis Coffer Lyons
Tel: 0207 299 0740
Email: [email protected]
Lawrence Telford
Coffer Corporate Leisure
Tel: 0207 299 0746
Email: [email protected]
Price
Offers invited for the freehold
interest with vacant possession on an
unconditional basis.
epc
The property has an Energy Performance
Certificate rating of E 102. A copy of the
EPC is available on request.
MISREPRESENTATION ACT: Davis Coffer Lyons provide these particulars as a general guide to the property, which
is offered subject to contract and to being available. These particulars do not constitute an offer or a contract
or any part of an offer or contract. We (or anyone in our employ) do not imply, make or give any representation,
guarantee or warranty whatsoever relating to the terms and neither does our client (the vendor or lessor). Any
intending purchaser must by inspection or otherwise, satisfy himself as to the correctness of any of the statements
contained in the particulars. All negotiations must be conducted through Davis Coffer Lyons. (June 2013)
56 Shepherd’s Bush Green | London | W12
An investment opportunity