Boutique Hotel 5* in London in the Area of Westminster for Sale with 30 Rooms, Freehold
Property type: boutique hotel
Purchase of established rental business
Tenure: freehold
Hotel category: 5*
Room capacity: 30
Construction: the beginning of the XX century
Location: Westminster, London, UK
• hotel benefits from a well-developed infrastructure including theatres, restaurants and bars
• excellent transport accessibility - within walking distance of public transport stations
Hotel operator: 25-year lease agreement (until 2034)
• with a reversionary lease from 2034 to 2045
• with indexation of yield linked to inflation
• with a bank guarantee
• hotel can only be purchased with a sitting Hotel operator in place
Full Repair and Insure Lease (FRI lease):
• tenant is responsible for all operating expenses including land tax, building insurance, minor repairs, potential renovation of the entire building, etc.
Purchase price: offers in excess of 25,000,000 GBP
(+ closing costs)
Income: 1,000,000 GBP per annum
(+ index linked to inflation)
Net Yield: 4.7% per annum
Amenities and other defining features:
• spacious stylish guest rooms with hairdryer, air conditioning, satellite TV, mini-bar, tea/coffee facilities
• restaurant
• bar
• cinema room
• roof terrace
• SPA facilities
• luggage storage
• 24-hour front desk
• free Wi-Fi
• laundry service
Development Potential:
There is a full permission for the demolition and redevelopment of the upper floors, which would expand the hotel area and increase the room capacity to 90+ guest rooms.
