Ideal large scale hotel development or flat conversion project (stp) next to Hyde Park!
7 story 2x adjoining houses in Lancaster Gate, W2 just 3-4 mins from Lancaster Gate tube with partial views of Hyde Park.
This is a total refub or remodelling project as the property had been left empty for over 10yrs!
Last use was a 60 bed hotel.
Freehold property held in a spv - So no stamp duty on purchase!
Ideal Hotel restoration project!
Other possible opportunities include converting into 10x luxury flats subject to planning.
Currently no planning in place for resi conversion.
Owner prefer an unconditional sale.
Gross Internal Area as existing - 2350.35 m2 / 24,911 sq ft2
Scope to add more space at the back by adding 3x floors to part of the building !...
* * * Similar development properties wanted * * *