60 bed Semi-detached house (for sale) Lancaster Gate, Lancaster Gate W2

£24,000,000
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London Property Zone
Britannia House, 1-11 Glenthorne Road, London
020 3478 3495
First Published

8th Apr 2021

Last Published

17th Apr 2021

 

Features

  • Type: Semi-detached house
  • Bedrooms: 60
  • Listing status: sale
  • Country: England

Description

Ideal large scale single dwelling or office conversion or hotel development or flat conversion project (stp) or 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 luxury flats subject to planning.
Currently no planning in place for resi conversion.
Sold unconditionally only. Sorry, not offered on a jv for stp options.

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 * * *
* * * We also have access to a larger pof market property in the other end of the same road - pl enquire * * *

 

Local info for W2

Floor plan

 

Property Value Data/Graphs for W2

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 80.1% £1,331,512 2 1.5
Studio 5.6% £428,071 0.1 0.9
Terraced house 3.5% £5,096,548 7.1 2.6
Other 3% £3,343,889 4.7 2
Mews house 2.2% £2,807,037 3.3 1.9
Maisonette 1.7% £2,869,524 3 2.2
End terrace house 1.6% £21,210,000 46.2 4.3
Semi-detached house 1.2% £13,792,857 24.5 1.9
Detached house 0.7% £3,418,125 3.9 3.4
Block of flats 0.2% £78,575,000 3.7 0
Parking/garage 0.2% £847,500 1 1
Villa 0.1% £0 0 0

Area Information

Average Price Paid

£1,417,550

Sales

3335

Current Average Value

£2,202,041

Value Change

£784,491 55.3%

 

Current Asking Prices in W2 Average: £2,202,041

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £2,840,000 (10) £1,560,294 (17) £2,795,741 (27) £3,266,897 (29) £4,975,000 (26)
Flats £657,698 (314) £1,146,173 (391) £1,905,172 (225) £3,607,019 (52) £5,244,091 (11)
All £725,053 (324) £1,163,428 (408) £2,000,590 (252) £3,485,247 (81) £5,055,000 (37)

Nearby Properties

6 bed () South Street, Mayfair, London W1K £40,000,000
6 bed Flat () Knightsbridge, London SW1X £32,000,000
3 bed Flat () Knightsbridge, London SW1X £30,000,000
7 bed Terraced house () Kensington Park Gardens, London W11 £29,000,000
7 bed Detached house () Phillimore Gardens, Kensington, London W8 £28,500,000
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