Hogarth House

Paradise Road

Acquired in conjunction with Milroy Holdings, this acquisition marks the 7th successive joint-venture with them.

Hogarth House comprises a freehold listed office building within Richmond town centre which was originally constructed as two houses.

Currently run as a serviced office, BHP will continue this use whilst at the same time progressing a planning application for its conversion into two private dwellings.


  • Charming Georgian Building
  • Excellent position in premier tier town
  • Fully let as serviced offices
  • Rents could be reviewed with immediate effect and were under rented


  • To enhance the surplus cash flow through improving the serviced office rents
  • To enhance value by virtue of a residential consent
  • Improve on site management and implement robust protocols


  • Poor historical management
  • Income was generally very short term


  • All income of a short term nature
  • Period building
  • Planning risk with a residential conversion