An excellent investment opportunity consisting of a portfolio of four period buildings with a combined total GIA of 30,199 square feet. The portfolio is currently operated as a hostel with 98 rooms (440 beds). One of these buildings has planning permission (already activated) to convert to seven apartments with a total GIA of 7,572 square feet. Subject to the necessary planning permissions, the site offers excellent development potential including conversion to residential apartments, serviced apartments or purpose-built student accommodation.
The portfolio is ideally situated in the heart of prestigious South Kensington, widely recognised as one of London's finest addresses and is perfectly located for the sites and amenities of Kensington, Knightsbridge, Notting Hill and Chelsea. A short distance away are the Natural History, Science, and Victoria and Albert museums, the Royal Albert Hall, Hyde Park, the famous Portobello Road market, Harrods, Harvey Nicolls and flagship stores of many of the world's leading fashion houses. Travel into central London and the West End is quick and easy with Earl's Court London Underground station close by together with an excellent bus service.
[ REF: 5294 ]