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Key Features

• FREEHOLD BUILDING
• 7 Floors including basement and ground
• 60 Rooms with potential
• G I Area 2350.35 m2 / 24,911 sq ft2
• Scope to add more space at the back by
• adding 3X floors to part of the building
• Held in a SPV - So no stamp duty on sale
• Historically Significant Architecture
• and Features
• ''First Rate'' Accommodation for all

Summary

An amazing hotel redevelopment opportunity in the heart of Bayswater consists of basement, ground and five upper floors, with potential Scope to add more space at the back by adding 3x floors to part of the building STPP. The two buildings are part of what was an outstanding mid 19th century urban design and residential development, originally titled Upper Hyde Park Gardens, since renamed Lancaster Gate,

The buildings was originally designed as two individual homes and converted into one 60 roomed hotel in the 1930"s both are white stucco fronted buildings with classical detailing and portico entrances.

The seven storey building includes one-level basement and attic was formally known as the Averard Hotel, and combined both buildings total just under 25,000 sq ft of gross internal space, both containing original ornate staircase and passenger lift. The Property is constructed of brickwork retaining many classical interior and exterior features for a property of this period. To the rear of the building there is an extension (circa 1940s) with an additional rear staircase and lift originally constructed as the service core.

The properties currently have C1 Hotel use but ceased to function as a hotel in approximately 2008 and have since been unoccupied.

proof of funds and an unconditional sale will be required.

Location

Situated at the easterly end of Lancaster Gate around a wide street and occupying a prominent corner plot running east-west, parallel to and north of the Bayswater Road and Hyde Park/Kensington Gardens. Lancaster Gate, W2 is just 3-4 mins from Lancaster Gate tube with partial views of Hyde Park.

Additional Information

For further information on this property please call 0208 672 7979 or e-mail tooting@residenzapropertiesltd.com