Alexander House Hotel Hugh Street, Victoria, Pimlico, SW1V

£6,000,000

Guide price

About the hotelsThe hotels are connected on the ground and lower ground levels.Cedar Guest Housel has a Gross Internal Area (GIA) of 1971.23 ft2 (183.2 m2)Alexander House Hotel has a Gross Internal Area (GIA) of 2289.72 ft2 (212.8 m2)The 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

Alexander House Hotel (32 Hugh Street)3 single basic1 single en suite1 double en suite2 twin basic2 twin en suite1 triple en suite3 family en suiteTotal 13 room

Cedar Guest House (30 Hugh Street)2 double basic3 double en suite2 twin en suite1 triple en suite2 family en suiteTotal 10 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. Revenue ForecastOccupancy: 90%ADR: £85RevPar:£76.5Revenue: £642,175OpportunityWith 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: FreeholdPriceCedar Guest House Hotel: £3,100,000Alexander House Hotel: £3,100,000Total Asking Price: £6,200,000

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