Holly House Hotel Hugh Street, Victoria, Pimlico, SW1V

£6,250,000

Guide price

About the hotelsThe hotels are connected on the ground and lower ground levels.Holly House Housel has a Gross Internal Area (GIA) of 2022 sq ft Ivy House Hotel has a Gross Internal Area (GIA) of 2091 sq ftThe Hotels have been regularly maintained over the past 10 years. CCTV cameras are fitted throughout all the hotels and all have televisions, WIFI, Fridges and tea coffee making facilities. . Each property has a breakfast room in the lower ground floor

Holly House Hotel (32 Hugh Street)4 single basic1 single en suite4 double en suite3 twin en suite1 triple en suiteTotal 13 room

Ivy House (30 Hugh Street)3 single basic1 single en suite4 double en suite1 twin basic2 triple en suite2 family en suite

Total 13 rooms

Location

The Hotels are located in the heart of Victoria / Westminster. 2 minutes walk from Victoria station which provides an immediate link to London's public transport, Gatwick and Heathrow Airports and some of the city's most popular points of interest such as Buckingham Palace, the Houses of Parliament, the London Eye, Harrods, and the famous Oxford and Bond Street from this central London hotel. Forecasted Revenue ForecastOccupancy: 90%ADR: £85RevPar:£76.5Revenue: £725,000OpportunityWith small improvement to the rooms the hotel can achieve Average room rate of £100.00 and Room Revenue £755,500 per year.Subject to consent, there is opportunity to create a full roof top floor in Ivy, Cedar and Alexander hotel and add a room in each property. The two buildings are of traditional Victorian construction, set across basement, ground and three upper floors. Although the properties operate as individual hotel businesses, the buildings are connected on the ground and lower ground levels. Consequently, this layout provides the purchaser an opportunity to interconnect buildings should they wish to consolidate the offeringEPC: CTenure: Freehold

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