Development Opportunity – Borough High Street Hotel London SE1
REF: 1058961
- Off market
- Freehold
- Planning permission has been granted for a 7-storey hotel with 50 x bedrooms together with a restaurant, lobby bar, roof terrace bar and a meeting room
- Cleared site
- A 45 year lease (from December 2017) has been signed with an operator with Subject to Upward only Rent Reviews every 5 years, taking into account the compound effect of annual increases in the Retail Price Index, subject to a maximum (cap) and minimum (collar) increase in any one year
- Rent £800k per annum payable quarterly in advance
- CIL £253,765
- Located in a prominent position on Borough High Street in the London Borough of Southwark. 5 minute walk from London Bridge Station and 5 minute walk from Borough Market
- Selling price £6.3m.
We will require a buy side fee.
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Where we act as a seller’s mandate, we represent the vendors. Our clients wishing to sell their property off-market benefit from impartial advice and a personalised service tailored to their requirements and circumstances. More importantly, we offer sellers unparalleled access to qualified buyers and we ensure that we address the right audience.
In order to achieve the best possible sales result, your property is presented to individual and corporate purchasers, whose buying behaviour and buying power can be backed by a Letter of Intent (LOI) and Proof of Funds (POF). We will provide vendors with professional support throughout the entire process and beyond, including RICS valuations, coordinating viewings, assessing incoming offers, and protecting your interests during sales negotiations.
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