For sale - Studio Bedrooms Hotel
£6,000,000 pcm Freehold (£ pw) Unfurnished - Fees Apply

Hugh Street, Pimlico, London, SW1V

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Summary


Studio Bedrooms 1 Bathrooms 0 Receptions 395.93 sqm / 4,262 sqft Property ID: 10062
    Good transport links, Receptionist, Wifi included

Description


About the hotels
The hotels are connected on the ground and lower ground levels.
Cedar Guest Housel has a Gross Internal Area (GIA) of 1971.23 ft2 (183.2 m2)
Alexander House Hotel has a Gross Internal Area (GIA) of 2289.72 ft2 (212.8 m2)

The Hotels have been regularly maintained over the past 10 years. CCTV cameras are fitted throughout all the hotels and all have televisions, WIFI, Fridges and tea coffee making facilities. . Each property has a breakfast room in the lower ground floor

Alexander House Hotel (32 Hugh Street)
3 single basic
1 single en suite
1 double en suite
2 twin basic
2 twin en suite
1 triple en suite
3 family en suite
Total 13 room 

Cedar Guest House  (30 Hugh Street)

2 double basic
3 double en suite
2 twin en suite
1 triple en suite
2 family en suite
Total 10 rooms

Location

The Hotels are located in the heart of Victoria / Westminster. 2 minutes walk from Victoria station which provides an immediate link to London's public transport, Gatwick and Heathrow Airports and some of the city's most popular points of interest such as Buckingham Palace, the Houses of Parliament, the London Eye, Harrods, and the famous Oxford and Bond Street from this central London hotel. 

Revenue Forecast
Occupancy: 90%
ADR: £85
RevPar:£76.5
Revenue: £642,175

Opportunity
With small improvement to the rooms the hotel can achieve Average room rate of £100.00 and Room Revenue £755,500 per year.
Subject to consent, there is opportunity to create a full roof top floor in Ivy, Cedar and Alexander hotel and add a room in each property. 

The two buildings are of traditional Victorian construction, set across basement, ground and three upper floors. Although the properties operate as individual hotel businesses, the buildings are connected on the ground and lower ground levels. Consequently, this layout provides the purchaser an opportunity to interconnect buildings should they wish to consolidate the offering

EPC: C

Tenure: Freehold

Price
Cedar Guest House Hotel: £3,100,000
Alexander House Hotel: £3,100,000
Total Asking Price: £6,200,000


Contact agent


Marwan Samaha

Floorplan


Floorplan Floorplan

Map & Nearby

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Schools nearby

St Peter's Eaton Square CofE Primary School

Primary

Distance: 0.21 miles

St Barnabas' CofE Primary School

Primary

Distance: 0.26 miles

St Vincent de Paul RC Primary School

Primary

Distance: 0.36 miles

Holy Trinity CofE Primary School

Primary

Distance: 0.41 miles

Westminster City School

Secondary

Distance: 0.49 miles

St Gabriel's CofE Primary School

Primary

Distance: 0.50 miles

Burdett-Coutts and Townshend Foundation CofE Primary School

Primary

Distance: 0.53 miles

Churchill Gardens Community Primary School

Primary

Distance: 0.53 miles

Pimlico Primary

Primary

Distance: 0.54 miles

Pimlico Academy

Secondary

Distance: 0.54 miles

The Grey Coat Hospital

Secondary

Distance: 0.58 miles

Saint Thomas More Language College

Secondary

Distance: 0.64 miles

St Joseph RC Primary School

Primary

Distance: 0.64 miles

Westminster Cathedral RC Primary School

Primary

Distance: 0.71 miles

Millbank Academy

Primary

Distance: 0.73 miles

St Matthew's School, Westminster

Primary

Distance: 0.75 miles

Tachbrook Nursery School

Nursery

Distance: 0.77 miles

Marlborough Primary School

Primary

Distance: 0.80 miles

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TRANSPORT nearby

Victoria, Green Line Coach Station (Stop 3)

Bus

Distance: 0.04 miles

Victoria, Green Line Coach Station (Stop 5)

Bus

Distance: 0.04 miles

Victoria, Green Line Coach Station (Stop 4)

Bus

Distance: 0.04 miles

Victoria, Green Line Coach Station (Stop 2)

Bus

Distance: 0.05 miles

Victoria, Green Line Coach Station (Stop 1)

Bus

Distance: 0.06 miles

Victoria, Green Line Coach Station (Stop 9)

Bus

Distance: 0.09 miles

London Victoria Rail Station

Train

Distance: 0.19 miles

Victoria Underground Station

Tube

Distance: 0.29 miles

Sloane Square Underground Station

Tube

Distance: 0.47 miles

Pimlico Underground Station

Tube

Distance: 0.56 miles

St James's Park, St. James's Park Underground Station

Tube

Distance: 0.71 miles

Hyde Park Corner Underground Station

Tube

Distance: 0.78 miles

Knightsbridge Underground Station

Tube

Distance: 0.90 miles

Vauxhall Rail Station

Train

Distance: 1.07 miles

Battersea Park Rail Station

Train

Distance: 1.08 miles

Queenstown Road (Battersea) Rail Station

Train

Distance: 1.21 miles

Street View

Energy Efficiency


All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.

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