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Anson Road, Tufnell Park, London N7

NEWLY REFURBISHED HOTEL IN A PRIME NORTH LONDON LOCATION
For sale
  • Ideally located on a tree-lined road in the heart of Tufnell Park within 0.5 miles of Tufnell Park Underground Station (Northern Line), 0.7 miles of Kentish Town Mainline Station and 1 mile from Holloway Road Underground (Piccadilly Line) Station.
  • A former hotel acquired in 2019 and subsequently extensively modernised to provide 15 en-suite rooms.
  • The building is arranged over garden level, ground and two upper floors, measuring an approximate total of 241.5 sq m / 2,600 sq ft.
  • An extensive refurbishment programme means the building benefits from access and monitoring all from advanced Bluetooth and wireless technology limiting the requirement for any permanent on-site staff and keeping costs to a minimum.
  • Each floor benefits from a well-proportioned kitchen, breakfast bar and laundry facilities to allow potential guests to book for extended stays.
  • Potential to operate the building as a hotel, short lets or let to an operating partner, provider or corporate tenant providing secure income streams.
  • Neighbouring hotels and B&Bs offer their beds for in excess of £100/night.
  • On a hotel basis and based off a nightly rate of £90/night and after allowing 50% of potential gross revenues for voids and running costs (which are particularly low on an asset of this type) this building could generate a new owner a revenue stream in the region of £250,000 NET per annum.
  • The building is to be sold with vacant possession.
  • VAT is not applicable.
  • We are instructed to seek offers in the region of £2,000,000 (Two Million Pounds) subject to contract.
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