8-10 Queensberry Place

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Key Points

Summary

Freehold South Kensington boutique leased hotel with significant reversionary upside.

Description

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.

Viewings

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.

Location

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.