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Hotel development opportunity in Marylebone

London, United KingdomUnlock address

87%

£10.000.000

Hotels & Resorts

#16877

Value-Add

8 Mar 2024

Property Details

Broker

For sale

0.00 %

44

227,273

Freehold

Vacant

Pub and two retail units on the ground floor

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

An exciting opportunity to redevelop The Chapel public house into a modern 6-storey hotel. This redevelopment project also includes provisions for a public house and retail space on the ground floor. Located approximately 100m from Edgeware Road Station (south side). Total development area of 14,860 GIA. Pub and two retail units on the ground floor. Available with full vacant possession. The pub is currently closed (historic trading of £1.4m per annum).