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Prime vacant boutique hotel opportunity

London, United KingdomUnlock address

85%

Offers invited

Hotels & Resorts

#33922

Value-Add

3 Mar 2024

Property Details

Broker

For sale

0.00 %

73

Freehold

Vacant

73-key boutique hotel above a high-class restaurant

X

Fees

0.00 %

0.50 %

0.10 %

0.40 %

Investment Overview

Located in Covent Graden, one of London’s most popular tourist destinations. Excellent connectivity, just a few minutes’ walk from Holborn and Covent Garden Underground stations. Attractive highly prominent corner building. Offered with full vacant possession. Extremely valuable planning consent to extend the property and convert to a 73-bedroom hotel with a restaurant at the ground floor. Consented area of 22,556 sq ft GIA. The consent was granted in 2020 and was implemented in 2021. There is also a lapsed consent for a 304-bed pod scheme which could be re-explored, subject to the necessary consents. Fully stripped back and ready for works to be undertaken. Ideally suited for operators and investors.