London's St. Luke's Hospital Site Goes on Selling Block

London's St. Luke's Hospital Site Goes on Selling Block

Commercial News » Commercial Real Estate Edition | By Michael Gerrity | October 12, 2011 6:40 PM ET

The international real estate firm of Knight Frank has been engaged to handle the sale of St Luke's Hospital site located on Woodside Avenue, Muswell Hill in London.

St Luke's Hospital opened as a mental health hospital in 1930. Part of the site was vacated after a public consultation in 2008/09 after patients were moved to more suitable sites within Camden and Islington. Currently the site is part occupied and part vacant.

St Luke's Hospital provides a range of buildings extending over 6.3 acres of grounds. The property is offered to the market freehold with part vacant possession and part subject to a leaseback to Camden and Islington NHS Foundation Trust.

Fronting  Woodside Avenue is the Administration Building and the two further period buildings which were last used for outpatients and staff accommodation, and these are available with vacant possession. The Former Ward Buildings to the rear of the site, which also have access to Grand Avenue to the north, are also available with vacant possession. Meanwhile Simmon's House and Woodside Houses will continue to provide existing NHS facilities, under a leaseback arrangement. There is also a Tennis Court located on the other side of Woodside Avenue.

Tom Scaife of Knight Frank Institutional Consultancy tells the World Property Channel , "St Luke's Hospital provides a rare opportunity for a purchaser to acquire a substantial site in a sought after location in Muswell Hill. The site potentially gives the opportunity for both conversion and new build specialists to create a new residential quarter within walking distance to Highgate Underground Station."

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