£40.000.000
Confirmation
Prime, Hotel-Led, Long Income Soho Investment Opportunity
London, United Kingdom
Hotels & Resorts
#17127
Core, Core+
27 Oct 2024
Property Details
Broker
For sale
4.30 %
85
470,588
Freehold
Lease
bar, hand crafted beds, en-suite shower room
Fees
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.
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