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Prime, Hotel-Led, Long Income Soho Investment Opportunity

London, United KingdomUnlock address

90%

£40.000.000

Hotels & Resorts

#17127

Core, Core+

6 Sep 2024

Property Details

Broker

For sale

4.30 %

85

470,588

Freehold

Lease

bar, hand crafted beds, en-suite shower room

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Comprises the 85-bed hotel, seven residential units, a prime restaurant unit and three retail units with a total area of 26,347sq ft (2,447.6sqm) GIA. Situated in the heart of Soho, recognised as being one of London’s most vibrant districts and highest growth locations. Unrivalled connectivity with the new Elizabeth Line station at Tottenham Court Road a 3-minute walk away and Leicester Square, Covent Garden and Charing Cross underground stations nearby. The hotel and seven residential units are let for a further 17.6 years, subject to 5 yearly index-linked rent reviews, the next being in April 2026. The prominent, dual fronted restaurant is arranged over ground and basement floors and is let for a further 13 years. The three retail units comprise a bar, a ‘grab and go’ food concept and a further vacant retail unit. The asset has a WAULT of 15.3 years certain and a total current income of £1,837,078.66 per annum.