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PRINCE WILLIAM HOTEL 42-44 GLOUCESTER TERRACE, , , W2 3DA PRINCE WILLIAM HOTEL 42-44 GLOUCESTER TERRACE, PADDINGTON, LONDON, W2 3DA

EXECUTIVE SUMMARY

• 49 bedrooms

• Located in Paddington; only 0.2 miles from London Paddington Station

• Paddington is currently undergoing significant redevelopment and has been subject to large scale investment over the last few years

• Fantastic tourist attractions and demand drivers nearby including Palace, , St Mary’s Hospital, Street, , , Natural History Museum and V&A Museum

• Incoming to Paddington Station and the development to further catalyse gentrification of the area

• Shortage of hotels on the market in and Paddington

• Trading successfully

• The hotel is offered free of and management ties

• Freehold

2 | PRINCE WILLIAM HOTEL PRINCE WILLIAM HOTEL | 3 PRINCE Regents WILLIAM City of Bayswater Park HOTEL London Station Whiteleys London Oxford Lancaster Gate Queensway Hyde Shopping Centre Paddington Station Street Station Station Park

4 | PRINCE WILLIAM HOTEL PRINCE WILLIAM HOTEL | 5 6 | PRINCE WILLIAM HOTEL PRINCE WILLIAM HOTEL | 7 N Wes tway 40 A 11 VISIT 25 s n 1 Hyde Park e d ar 2 G 17 x 3 21 se us S 4 Italian Gardens 41 PADDINGTON PRINCE 5 20 4 WILLIAM A520 6 Royal Albert Hall 15 A4206 24 HOTEL 7 Science Museum 13 Paddington 28 10 23 19 31 29 8 Natural History Museum 14 44 ST GEORGE’S 43 Marble Arch 9 Victoria and Albert Museum 36 FIELDS 10 2 BAYSWATER 35 32 11 Marylebone offering 39 ad ater Ro 12 18 42 Baysw Bayswater A 13 Whiteleys 33 Lancaster 30 34 4 38 37 2 26 14 Portobello Road 02 Gate 0 A4 2 Queensway 4 15 Electric Cinema 40 16 Arts Club 1 22 17 St Mary’s Hospital 16 Notting HYDE Holland Hill Gate PARK Park FOOD & BEVERAGE 18 Halepi 27 19 Moroccan Sahara A

4 Kensington 2 20 Farmacy 0 Gardens 4 3 21 The Ledbury Kensington The 22 Polpo Notting Hill Palace Serpentine 23 Granger & Co 24 The Grazing Goat 25 Chiltern Firehouse Holland 26 Le Gavroche Park Hyde Park ensington 27 The K High Corner Str eet A315 Buckingham 28 Vinoteca 5 KENSINGTON 6 Palace 29 Donostia Restaurant Gardens Royal High Street HOTELS Albert Hall Harrods

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t 32 Royal Lancaster London

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r Science 33 Columbia Hotel R Museum o a Natural 9 34 Lancaster Gate Hotel d History 8 Victoria & Albert 35 Arbor Hyde Park Museum Museum 36 Lancaster Hall Hotel 37 Hilton London Hyde Park 38 DoubleTree by Hilton Hotel London- Hyde Park Gloucester Road CONNECTIONS 39 Bayswater Underground Station d oa R 40 Queensway Underground Station Earls Court n to p 41 London Paddington Overground & Underground Station m ro 42 Lancaster Gate Underground Station B

43 Marble Arch Underground Station 18 8 EARLS COURT 2 0 West A3 3 44 Bond Street Underground Station A Kensington This plan is for guidance only and must not be relied upon as a statement of fact. Attention is drawn to the Important Notice. Not to scale.

8 | PRINCE WILLIAM HOTEL PRINCE WILLIAM HOTEL | 9 PADDINGTON Paddington is a Zone 1 destination, located in the The Prince William Hotel is only a short walk away from Bayswater London Borough of . Paddington’s character is most and Queensway. Alongside all of the development occurring in defined by its heritage as the gateway to London; historically through Paddington, Bayswater is also undergoing extensive redevelopment. its extensive canal network at and later on, with Much of Queensway, including Whiteleys Shopping Centre, the arrival of the steam train, as the terminus for Isambard Kingdom has recently been purchased by an overseas investment partnership, Brunel’s Great Western Railway. In recent years Paddington has been with the aim of redeveloping and repositioning the area. In December subject to a period of regeneration, driven by numerous large scale 2018, Whiteleys was closed to undergo a reported £1 billion pound developments that have been led by The Paddington Partnership. The redevelopment, which is due to complete in 2022 and is set to further partnership consists of 13 individual projects, including Paddington reinvigorate the Bayswater area through delivering an enhanced retail Basin and Merchant Square, which have been ongoing since 1998 and experience along with residential and leisure facilities. The Queensway completed last year. The once disused canal wharves have been given a Estate which includes the Queens Ice and Bowl ice rink, Queensway new lease of life linking with to the north. The scheme has market, shops, flats and offices is also set to undergo a major been described as “the largest redevelopment scheme since the Second improvement and is due to complete in Q1 2020. World War” and has since been the catalyst for further development evident in Paddington today. The Prince William Hotel’s guests are predominantly leisure driven given the hotel’s proximity to some of the UK’s leading attractions. The Paddington Cube development, as a part of the wider Paddington A walk south through Hyde Park takes tourists to four of the UK’s Square development, will add an additional 360,000 sq ft of office top 20 attractions; the Natural History Museum, the Victoria and space to the Paddington area. The Paddington Square scheme Albert Museum, the Science Museum and Royal Albert Hall. comprising retail, office, public realm and transport infrastructure These four attractions had more than 14 million visitors in 2018*. improvements will instil a new lease of life into the area; the scheme is Kensington Palace, the of The Duke and Duchess set to introduce 4,500 new jobs to the area as well injecting £350m per of Cambridge is also nearby. annum to the local economy. Paddington Square is projected to cost *According to AVLA £825m and is due to be completed by the end of 2021. (Association of Leading Visitor Attractions)

10 | PRINCE WILLIAM HOTEL PRINCE WILLIAM HOTEL | 11 12 | HYDE PARK BOUTIQUE HOTEL THE PRINCE WILLIAM HOTEL | 13 TRANSPORT Paddington Station was the 8th busiest Paddington will form an integral part of Paddington Station is serviced by the station in the UK in 2018 with 36.6 million Crossrail’s Elizabeth Line. When completed Bakerloo, Circle and District Lines, as passengers entering and exiting the station. the service will enable travel from Paddington well as by an extensive network of buses. The Prince William Hotel is 0.2 miles away Station to Street Station in just 10 Paddington is a very well connected central from Paddington station and as well as being minutes and in 17 minutes. London location with six London airports an underground station, is the London The Elizabeth Line will make central London located within one hour’s travel from the terminus for the Great Western main line and much more accessible to a larger proportion Hotel, providing connections to almost is soon to be a key station on the Elizabeth of the population; the number of people 400 destinations worldwide. The Heathrow line. The Great Western Railway services link living within a 45-minute commute of the Express terminals at Paddington providing with the Thames Valley as well major employment centres of the , links to Heathrow, the UK’s busiest airport, in as South West and Wales. the City and Canary Wharf will increase from as fast as 15 minutes. The expansion currently 5 million to 6.5 million following completion. taking place at Heathrow with the addition This will in-turn further increase visitor of a new runway, will further add to the numbers and footfall in the Paddington area. connectivity of Paddington.

14 | PRINCE WILLIAM HOTEL PRINCE WILLIAM HOTEL | 15 HOTEL DESCRIPTION The Prince William Hotel represents a unique investment opportunity The 49 bedrooms are comprised as follows; to acquire a successfully trading hotel. Only a four minute walk from Paddington Station, where over 36 million passengers travel through each Room Type Number year. The hotel occupies a corner plot with frontage on both Craven Road and Gloucester Terrace and benefits from proximity to Hyde Park and Single Room 3 some of London’s leading attractions. Double Room 31 The Hotel comprises 49 en-suite bedrooms, a hotel reception and a Twin Room 2 breakfast room. The hotel presents well given a recent refurbishment and has a clean and comfortable feel. Triple Room 13 Total 49 The hotel has a Gross Internal Area of 1,060 2m (11,400 ft2). The average room size is 13 m2.

Floor Singles Doubles Twins Triples Total

Basement 1 6 - 1 8 Ground 1 1 - 1 3 First - 6 - 2 8 Second - 5 - 3 8 Third - 4 - 4 8 Fourth - 5 1 2 8 Fifth 1 4 1 - 6 Total 3 31 2 13 49

16 | PRINCE WILLIAM HOTEL PRINCE WILLIAM HOTEL | 17 18 | PRINCE WILLIAM HOTEL PRINCE WILLIAM HOTEL | 19 FLOOR PLANS

First Floor

Lower Ground Floor

Ground Floor

20 | PRINCE WILLIAM HOTEL PRINCE WILLIAM HOTEL | 21 FLOOR PLANS

Third Floor Fifth Floor

Second Floor Fourth Floor

22 | PRINCE WILLIAM HOTEL PRINCE WILLIAM HOTEL | 23 24 | PRINCE WILLIAM HOTEL PRINCE WILLIAM HOTEL | 25 FURTHER INFORMATION Tenure Transaction Structure, Process and Timing Freehold. Unencumbered of brand or management. The Hotel will be sold by way of an asset sale of the freehold property the Prince William Hotel. TUPE The purchaser will be required to comply with the relevant legislation Formal inspections of the Hotel will be made strictly by appointment in respect of current employees. with Savills. Under no circumstances should direct contact be made with the Hotel or any members of its staff. Inventory & Stock Fixtures, fittings and equipment are included in the sale with general Viewing stock and valuation. All kitchen equipment and plant is owned by the Strictly by prior appointment. hotel.

EPC The Prince William Hotel has an Energy Performance Certificate (EPC) rating of C.

Business Rates Rateable Value for the Prince William Hotel is £302,500 with total business rates payable for 2019/2020 at £164,863.

Contacts For further information please contact:

Alex Sturgess Gary Witham Director Director [email protected] [email protected] +44 (0) 207 535 3339 +44 (0) 207 409 9902 +44 (0) 7796 185 197 +44 (0) 7967 555 678

Charley Allen Joshua O’Rourke Surveyor Graduate Surveyor [email protected] [email protected] +44 (0) 207 075 2859 +44 (0) 207 409 8031 +44 (0) 7976 746 634 +44 (0) 7816 530 609

Important Notice Savills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy them- selves by inspection or otherwise.

Designed and Produced by RDM Agency Ltd - www.rdmagency.co.uk

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