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Lancaster Gate, Kensington

London

£23,000,000

Listed on 05/07/2024

The listing

Property details

Bedrooms
6
Type
Semi Detached

Description

This striking Grade II listed property, originally built in 1856 as part of the significant Lancaster Gate development, offers a remarkable opportunity for discerning investors. Spanning approximately 25,000 square feet and featuring an impressive white stucco facade, this seven-storey building showcases classic Victorian architecture with its ornate portico entrances. Previously functioning as a hotel, it includes 60 guest bedrooms, served by both a grand staircase and a lift, alongside spacious reception areas adorned with high ceilings and intricate plasterwork. While currently operating under C1 Hotel use, there is substantial potential for transformation into serviced apartments or residential units, subject to planning approval. Located near the prestigious Lancasters residences and just moments from Hyde Park and Lancaster Gate station (Central line), this property is ideally positioned for redevelopment in one of London’s most sought-after districts.

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Location

Lancaster Gate, Kensington
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Finance

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Illustrative repayments based on the asking price, not a mortgage offer.

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£86,891
Based on a loan of £17,250,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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