Boutique Serviced Apartment Hotel (development for 50 beds)
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Boutique Serviced Apartment Hotel (development for 50 beds)

London, United Kingdom

75%

£45.000.000

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

X

Fees

0.00 %

0.30 %

0.00 %

0.00 %

0.30 %

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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