A brownfield site on Tooting High Street is set to become a hotel or residential development after being put on the market.
The site has been unoccupied for around five years and is up for sale at a guide price of £12 million.
Several derelict vacant buildings are available for purchase, notably the former Tooting Constitutional Club, which was established in 1917 as a ‘working man’s club.’
The outdoor space includes a large storage yard and bowling green.
Commercial property advisor Colliers was instructed by LHG (London Hotel Group) to market the 0.2-hectare site.
Wandsworth Council has granted planning permission for the construction of a 373-bedroom hotel around three to six storeys in height.
Colin Hall, head of London Hotels Agency at Colliers, said: “The proposed high-quality hotel will set a precedent for the wider regeneration of Tooting High Street.
“It has been designed in a contemporary style that is sympathetic to its surroundings, and will be constructed in red and grey brickwork to reflect the character of the area with graduated heights to provide a transition from neighbouring three storey properties.”
William Agnew, Associate Director in the Residential Development team at Colliers, added:
“The site has a lapsed planning consent granted in 2016 for a 45-unit residential development,” he said.
“Furthermore, in the last three years Wandsworth has become one of the most welcoming London Boroughs for co-living developments, having granted consent on over 500 beds already.
“The existing planning consent for a 373 bed hotel scheme presents a strong precedent for a similarly sized conversion of the consent into design-led co-living accommodation.”
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