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Midtown London U.K. Hotel Development Opportunity: Northumberland House Listed for Sale – Image Credit JLL
Superbly located in the heart of London’s thriving Midtown, within easy reach of the bustling streets of Holborn, Covent Garden and the Strand.
With its rich history and vibrant cultural scene, this neighbourhood is home to a number of renowned institutions, from universities to corporate headquarters, as well as cultural attractions. The dynamic mixed-use environment of this location attracts a diverse range of residents, occupiers & tourists.
Asset description
An opportunity to acquire a freehold site in the heart of London’s Midtown with excellent redevelopment potential.
- Rare freehold redevelopment opportunity in this highly sought after location, within the London Borough of Camden.
- The total site area extends to approximately 0.14 acres (0.06 hectares).
- The existing site comprises an office and retail building, totalling 35,138 sq ft (3,264 sq m) GIA, arranged over basement, ground and eight upper floors.
- Prominently located on the south side of High Holborn within the highly sought-after and vibrant district, renowned for its rich history, connectivity and cultural scene.
- Unrivalled transport links, positioned within a 2-minute walk of Chancery Lane and a 5-minute walk of Holborn underground stations (Central and Piccadilly Line).
- In close proximity to world renowned tourist destinations of Covent Garden, Oxford St and The British Museum, along with a number of leading universities including London School of Economics and Political Science, King’s College London, University of the Arts and University College London.
- Suitable for Hotel or PBSA redevelopment subject to planning permission.
- Incoming producing asset generating annual rental income of £710,065.50.
- Potential Vacant Possession date by 29.09.2027 providing 3 years of income.
- JLL have been instructed as sole agents to secure a buyer of the site on an unconditional or subject to planning basis.
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