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Agent's details

8-10 Queensberry Place

For sale: £9,250,000.00|17,467 Sq Ft|Hotels, Licensed & Leisure

Property details

FOR SALE£9,250,000.00
SIZE17,467 Sq Ft
ADDRESS8-10 Queensberry Place, London, SW7 2EA
TYPEHotels, Licensed & Leisure
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON31st May 2022


Key Points

  • •37-bedroom freehold boutique hotel (C1 planning use)
  • •Comprising two attractive interconnecting Victorian buildings with a GIA of 17,467 sq ft
  • •Extensive refurbishment carried out in 2015
  • •Fully let to Honeymaster Ltd (trading as The Exhibitionist) on full repairing and insuring terms on a lease expiring in March 2037 (under 15.5 years unexpired), and subject to upward only rent reviews every four years
  • •Current low annual passing rent of £237,500 pa (£6,419 pa per key) with outstanding rent review as of March 2021
  • •Capital value per bedroom of only £250,000 and £530 per sq ft off the GIA
  • •Vacant possession value significantly higher than current investment pricing with comparable evidence in excess of £500,000 per bedroom locally hence significant reversionary potential on obtaining vacant possession
  • Summary

    Freehold South Kensington boutique leased hotel with significant reversionary upside.


    The Exhibitionist comprises two freehold interconnecting Victorian properties arranged over lower ground, raised ground and five upper floors, with a lift serving all floors. At raised ground floor level are generous hotel reception, bar and dining areas. At lower ground floor there are two bedroom suites as well as a generous commercial kitchen capable of servicing the raised ground floor front of house F&B; facilities.

    The property is exceptionally well presented both externally and internally as a result of significant investment into the building in 2015 with the property benefitting from air conditioning and double glazing. This refurbishment was funded by the tenant. As part of the 2015 refurbishment dining space at lower ground floor was converted into two additional bedroom suites, and an oversized bedroom on the 5th floor was divided to form two bedrooms. In total there are currently 37 rooms including 5 suites. A breakdown of the room-types, room sizes and floor area are presented on the right hand side.


    All inspections are to be arranged and accompanied by BNP Paribas Real Estate who are the vendors’ sole selling agents. No approaches are to be made directly to the owner, the tenant or the staff.


    The Exhibitionist is located on the eastern side of Queensberry Place. Queensberry Place is a predominantly residential street linking Cromwell Road and Harrington Road in South Kensington within the Royal Borough of Kensington and Chelsea. Given the Hotel’s strategic location there are a large number of demand drivers nearby including the Natural History Museum (0.2 miles), and the Victoria and Albert Museum (0.3 miles). Hyde Park, the Royal Albert Hall and the retail facilities of Knightsbridge and the Kings Road are within a 10 minute walk. London’s West End is also within easy reach. Transport links are excellent to and from the Hotel with South Kensington and Gloucester Road Underground Stations (serviced by District, Circle and Piccadilly lines) both within 0.2 and 0.3 miles respectively. Paddington and Victoria Stations are both within 2 miles from The Exhibitionist, with regular Circle Line Underground trains arriving there directly from Gloucester Road and South Kensington stations and a journey time of less than 10 minutes to Victoria. Piccadilly Circus and London’s West End are less than 15 minutes via the Piccadilly Line. Heathrow airport is less than 15 miles from The Exhibitionist, by taxi less than 30 minutes distant.


    Location: 8-10 Queensberry Place, London, SW7 2EA

    South Kensington (0.1 miles)

    Gloucester Road (0.3 miles)

    Earl's Court (0.7 miles)

    West Brompton (1.0 miles)

    Paddington (1.4 miles)

    Kensington Olympia (1.4 miles)

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