7-11 Kensington High Street, London W8
Prime Central London hotel led freehold investment overlooking Kensington Gardens
Attractive mid-terrace, period buildings arranged over lower ground, ground and up to five upper floors
Located moments away from Kensington Palace and the Royal Albert Hall
Comprises a 28 bedroom hotel and two restaurant units totalling 16,196 sq ft
Mixed use investment with 67% of the contracted income receivable from the hotel
Located within a short walk of six of London’s most popular tourist attractions
Long income WAULT of 18 years
Total annual passing rent of £776,797 pa
Opportunity to extend the hotel footprint by addressing the massing potential of the site, subject to planning
Offers are invited in excess of £12,000,000 (Twelve Million Pounds), which reflects a net initial yield of 6.06%, assuming purchaser’s costs of 6.8% and a capital value of £741 psf. Assuming a yield of 7% on the restaurant element, this produces a price per key of £305,000.
Contact
Please contact us for further information regarding any of the acquisitions on our site.
Jamie Baruch
07889 085 112
jamiebaruch@tydusre.com
Will Elphinstone
07876 131 346
willelphinstone@tydusre.com
Freddie Dade
0792 932 1709
freddiedade@tydusre.com