Thackeray Estate offers large strategic site in Parsons Green with significant development potential

Property investment and development company, The Thackeray Estate, is offering Alexander House, Parsons Green, SW6, a strategic 1/3 acre site for sale, presenting a unique development opportunity to acquire a prime freehold in West London.

The site extends to approximately 0.303 acres with much of the existing accommodation significantly underdeveloped and has an estimated rental value in excess of £840,000 on the existing premises. The combined site provides a total of 30,827 sq. ft. of gross internal space.

Providing dual frontages to both Peterborough Road and Peterborough Mews, the existing property comprises an office building arranged over five floors at 14-16 Peterborough Road and a single storey workshop unit at 7 Peterborough Mews. There are two private garages accessed from Peterborough Mews and additional surface parking for up to four vehicles.

The top floor benefits from two large roof terraces, which provide panoramic views of Central London whilst the lower floors provide regular, open floor plates to allow for flexible office uses. The property contains two passenger lifts with two further staircases providing access to all floors. There is a shared office reception at ground floor level accessed from Peterborough Road.

Launching for sale on Tuesday 14th April, the Alexander House site has already attracted a number of high-level enquiries from avid purchasers looking to take advantage of this unique development opportunity and benefit from the site’s prime location, excellent transport connections and a host of high value residential properties and surrounding amenities.

Commenting on the potential of the site, Commercial Director of The Thackeray Estate, Charles Thompson, said:

“The site is within a stone’s throw of Parsons Green and a short walk to King’s Road. The property has potential to significantly increase the density and would be perfect either as a very high-quality residential development or as a unique London headquarter office.”

The subject property stands in a highly prominent position, located in one of the most attractive areas in Parsons Green, which has seen property prices rise by 65% over the past 10 years, according to Savills.

Fronting the western side of Peterborough Road, with a significant frontage to Peterborough Mews, the property is only 50 metres away from Parsons Green and the junction between Peterborough Road and the New Kings Road. The site benefits from exceptional transport links with Parsons Green Underground station (District Line) just a four minute’s walk away and bus services immediately on hand along the New Kings Road.

Bordered by Parsons Green to the north, the Peterborough Estate has Hurlingham to the west, Sand’s End to the east and South Park to the south. New King’s Road lies to the north, known as ‘the artisan district’, due to its popularity with art shops and studios, partly inspired by the 40,000 French residents of Fulham.

The Peterborough Estate was originally the 20-acre residence of Charles Mordaunt, 3rd Earl of Peterborough, who built Peterborough House in 1773. The house renowned for its beautiful gardens and vineyards was demolished in 1900 and converted into a residential area.

Led by Brett Palos and Antony Alberti, The Thackeray Estate is a privately owned London based property investment company, which specialises in repositioning high-quality commercial, mixed use and residential development projects. The company has a large investment portfolio with over 400,000 sq. ft. of freehold property, owned in growth locations across central London.

The Thackeray Estate was originally established in the 1960’s. In 2012 the company was acquired by Brett Palos and Antony Alberti and transformed into an asset management and development business.