Offers invited
Confirmation
Prime vacant boutique hotel opportunity
London, United Kingdom
Hotels & Resorts
#33922
Value-Add
27 Oct 2024
Property Details
Broker
For sale
0.00 %
73
Freehold
Vacant
73-key boutique hotel above a high-class restaurant
Fees
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.
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