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3 freehold properties with vacant possession

London, United Kingdom

70%

£20.000.000

Development

#14734

Value-Add

2 Nov 2024

Property Details

Broker

Sold

29,609 sq.ft.

2,751 m²

Gross area

675 £/sq.ft.

7,270 £/m²

0.00 %

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

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.