Boutique Hotel with Asset Management and Development potential

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We are pleased to launch to the market for the first time in 45 years a boutique 26 room trading hotel offering significant asset management and development potential.

Tufnell Park underground station provides Northern Line services with the nearby Archway and Holloway Road underground stations provide access to Northern and Piccadilly lines and Gospel Oak and Kentish Town train stations providing London Overground and Thameslink connections. The area is also well served by the London bus network whilst road links are provided by the A400, A503 and A5200 with the A1 trunk road running in close proximity the east of the area.

The property comprises 26 guest en suite bedrooms situated across lower ground, ground, first and second floors together with a dining room on the ground floor and ancillary accommodation throughout.

In 2022 the hotel is achieving an average occupancy of around 70% with levels fluctuating throughout the year between 65% and 85%.

The car park to the rear edged blue measuring approximately 224sqm can be purchased by way of a separate negation via a £10,000 option agreement for a term of 18 months at an execution price of £750,000. Please note that the the land can only be bought with hotel and not alone as a single asset.

The property would suit alternative uses, such as residential redevelopment, serviced apartments, assisted living etc. subject to the usual consents. A buyer must satisfy themselves around any planning required and any offer is to be put forward on an unconditional basis.