Bloomsbury Townhouse Hotel Available on 115-Year Lease on Peppercorn Rent
Location: Bedford Place, Bloomsbury London, England, UK
Name: Open to Buyer
Guide Price: £7m
Guide Price per Key: £195k Plus cost of refurb
No. of Keys: 36 currently
The Opportunity:
Unique central London hotel repositioning or refurbishment opportunity, located in prime Bloomsbury, the intellectual and literary hub of London. Available for sale by way of a long leasehold interest on a new 115 year lease with peppercorn rent.
An attractive Georgian Grade II listed building in the heart of Central London in a prominent position close to Russell Square and British Museum.
• Zone 1 location with excellent public transport connections.
• Bloomsbury is renowned as the intellectual and literary hub in London.
• UCL, the 10th best university in the world, and LSE are on the doorstep of the subject hotel.
• Situated in the heart of the West End within close proximity of the retail hubs of Oxford Street and Tottenham Court Road, the restaurants and bars of Charlotte Street and Soho, and the exceptional medicine /research facilities with UCL on the doorstep.
• Established office market home to international occupiers including Warner Bros head office and Bloomsbury Publishing.
• Opportunity to acquire 36 keys with excellent potential for repositioning or redevelopment.
• The hotel benefits from a small private garden to the rear with opportunities to extend/utilise.
• Offered with vacant possession.
• Area: 4-6 Bedford Place – 629.49 sq m.
• Available by way of a sale a long leasehold interest subject to a peppercorn rent and proposed schedule of works.
This unique hotel opportunity comprises three former Victorian terraced houses dating from the mid-19th century situated on the east side of Bedford Place retaining extensive period features. Five floors – Lower Ground, Ground and Three Upper Floors, Dining Room totalling c40 covers. The site area is 0.1556 acres/ 629.49 sq m. Upper floors average room size 21sqm
The building benefits from:
• Exceptional eves heights
• Views over a private gardens to the rear
• Sole access to private garden to rear
• Period features throughout GE
Flag & Management: Free to new owner
Current Owner: Bedford Estates – has been operating as a hotel on a short lease
Main Photo: The exterior of the hotel
Financials: N/A…possible architects scheme available
Tenure: 115 year lease
Agent: London agent retained…Buyer would need to retain THPT
Date Posted: March 2022
THPT Comment: A unique opportunity to acquire this period property, in London’s up and coming Bloomsbury area – works for both corporate and leisure traffic
Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each week we mail the opportunities posted in that period, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all.
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market. For more information – Visit www.thpt.co.uk or email [email protected]
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.
