Metro Building 1 Butterwick

Positioned in the heart of Hammersmith, the Metro Building presents a rare freehold investment and redevelopment opportunity in one of West London’s most dynamic commercial districts. Spanning 105,237 sq ft across 11 floors, the building offers a flexible floorplate configuration with two wings per level and a central core, complemented by a striking double-height reception refurbished in 2020. With 41,531 sq ft currently vacant and all leases outside the 1954 Act, the asset provides immediate scope for refurbishment and strategic repositioning.
The site’s low coverage of 32% across 0.96 acres enables substantial massing potential, supported by Hammersmith & Fulham’s planning policy and pre-application feedback. Feasibility studies by EPR Architects and Alchemy Asset Management suggest redevelopment options up to 362,000 sq ft, including mixed-use schemes with student housing, co-living, or hotel accommodation. The building’s current contracted income of £2.627M per annum reflects a modest £25.07 psf, with reversionary potential up to £3.85M and an ungeared IRR of 15%+.
Located opposite Hammersmith Broadway, the property benefits from exceptional connectivity via four Underground lines, major bus interchanges, and proximity to the A4/M4 corridor. The surrounding area is a vibrant mix of retail, leisure, and cultural amenities, with occupiers including Capcom, Weber Inc., Hansen Technologies, and Assala Energy. Offers are invited in excess of £20M, reflecting a capital value of £190 psf and a net initial yield of 12.30%.