Lancaster Gate, Bayswater, London W2

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£26,800,000
60 Bedrooms

Paddington Estates are instructed to sell this freehold site containing two white stucco fronted seven-storey Grade II listed buildings, located within the Bayswater Conservation Area. This unique development opportunity comprises of 25,000 SqFt with views over Hyde Park. The building would be suitable for a hotel or residential development, subject to the necessary consents. Planning permission for conversion to 10 luxury apartments was recently withdrawn but can be resubmitted on the same basis. Nearby, 'The Lancasters' development sold out at upto £3,500 Per Square Foot. Should this prime trophy property achieve £2,500 Per square Foot, it would offer a Gross Development Value of £62.5M.

Property Ref:84_2004_4543063

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