Description
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!
Currently NO planning in place for resi conversion.
Owner 'may' consider a JV with a suitable partner who can show funds, but prefer an unconditional sale.
Possible opportunities include converting into 10x luxury flats subject to planning.
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 * * *
