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Long-let London hotel forward funding opportunity

London, United KingdomUnlock address

84%

£20.960.000

Hotels & Resorts

#12769

Core

3 Feb 2024

Property Details

Broker

Deactivated

4.50 %

113

185,486

Freehold

Lease

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

A funding partner is sought to purchase the site and enter into a development agreement to fund the associated construction costs of the development. The vendor will top-up the six months’ rent-free period. Highly desirable and strategic location in the affluent West London suburb of Chiswick. Development targeted to be BREEAM ‘Excellent’ rating and EPC rating of B. Upon completion of the development, the hotel will be single-let on a new 35-year lease with 5 yearly CPIH-linked rent reviews, subject to a collar and cap of 1% and 4% per annum.