£45.000.000
Confirmation
Boutique Serviced Apartment Hotel (development for 50 beds)
London, United Kingdom
Hotels & Resorts
#35913
Core+, Value-Add
28 Feb 2025
Property Details
Broker
For sale
16
2,812,500
Freehold
Vacant
16 bedroom serviced apartment hotel, luxurious events venue for 240 persons
Fees
Investment Overview
Situated in prime Knightsbridge. This is a rare opportunity to buy a prestigious serviced apartment hotel and luxurious events space, with redevelopment options on the site for an already implemented apart hotel & residential scheme, and a positive pre-planning application for a 50-bedroom hotel scheme. The existing property comprises 9,260 sq ft (860 sq m) and is currently configured and used as a high-end 16 x bedroom serviced apartment hotel with adjoining luxurious events venue capable of hosting 240 persons. Planning permission was secured in 2020 to allow conversion to a 13,165 sq ft (1,223 sq m) scheme comprising an apart hotel of 8,815 sq ft (819 sq m) configured as 16 x units all in excess of 30 sq m, along with 2 x 4-storey town houses of 2,120 sq ft. (197 sq m) and 2,230 sq ft (207 sq m). This planning permission has been lawfully implemented. A successful pre-planning application with the Royal Boroughs of Kensington & Chelsea suggests opportunity to develop a 50-bedroom hotel within the above ground massing frame of the afore mentioned consented scheme. The proposed Gross Internal Area would be approximately 16,632 sq ft (1.545.2 sq m).
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