£20.000.000
Confirmation
3 freehold properties with vacant possession
London, United Kingdom
Development
#14734
Value-Add
2 Nov 2024
Property Details
Broker
Sold
29,609 sq.ft.
2,751 m²Gross area
675 £/sq.ft.
7,270 £/m²0.00 %
Freehold
Fees
Investment Overview
The property historically used to operate as a hostel comprising 429 beds in 91 rooms. 3 freehold properties with vacant possession. The property comprises two interconnected buildings and a separate building which was used as additional hostel accommodation. Total Gross Internal Area (GIA) of 29,609 sq ft (2,750 sq m). Planning permission granted and implemented for the conversion of one of the buildings into seven private residential apartments. Potential for alternative uses, including residential, subject to the necessary planning consents.
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