THE AVERARD HOTEL Hyde Park, London the AVERARD HOTEL 10-11 Lancaster Gate, London W2 3LH
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THE AVERARD HOTEL Hyde Park, London THE AVERARD HOTEL 10-11 Lancaster Gate, London W2 3LH W O O D L N A Hotel redevelopment opportunity 2 1 9 Y WESTW STWA AY WE in the heartLADBROKE GROVE of Bayswater, in close W ES TW proximity of Hyde BPark412 and AY Kensington Palace A404 WESTWAY Gross Internal Area of c.26.700 sq ft ROYAL OAK P L A O D R BR T K O W E O B N E K S L R C Freehold E L I LONDON PADDINGTON N O GR VE URNE GRO O G R STBO WE T O O O S D V A N A I N S D O Q E P R V R A E U R G E T Previously approximately 60 E K ID R E E R R N O B N CRAWFORD ST E S M S A E W D P S bedroom hotel built in the 1850’s T A S E E E Y NOTTING HILL R D Y LADBROKE R G M A SQUARE C W O E GUIDE PRICE £27,500,000 BAYSWATER A U S R R EN P D E L AR SHEPHERDS BUSH G RD T EX HE A SS VER SU GEORGE ST NOTTING HILL GATE ARD H QUEENSWAY OT A N 1 EL 4 A HOLLAND PARK E V U RK A D PA AN LL O D H B AYS L WA T ER R E D Y LANCASTER GATE S SEYMOUR ST T K E KENSINGTON MARBLE ARCH N S I N GARDENS G OX F ORD T S TRE E T O N P K A C C E A R N H R LOCATION K S R U S IN I A T HOLLAND PARK R H KENSINGTON HYDE PARK G C G KENSINGTON O H E T O D S L The hotel is well situated in a prominent location on Lancaster R T L N PALACE I A V P E N Gate withA partial views through to the Bayswater Road and D L A R towards HydeC Park. The hotel is located on the northern O E A G side of LancasterA Gate on the junction with Craven Terrace. D R DE The hotel benefits from exceptional connectivity being P N A S R within close proximity to Lancaster Gate underground K L station providing Central Line services into Central London. A KENSINGTON STREET IGH N N H NGTOPaddington mainline station is located lessSERPENTINE than half a mile E ENSI K HIGH STREET KENSINGTON WALKING TIMES GALLERY away and provides services A across the country as well 31 5 as frequent service to Heathrow airport via the Heathrow (approximate) Express. Whilst the hotel benefits from its proximity to local Hyde Park P A R K attractions such as Hyde Park and Kensington Palace, itKE NisS IalsoN GT ON RD L ROYAL ALBERT A in the heart of Bayswater, where there are plans to redevelop A Kensington315 Palace N the Whiteleys shopping centre. This shall be createdHALL by E introducing a £1bn mixed-use scheme, which will include HYDE PARK CORNER a range of leisure and retail. This initiative will mean that Oxford Street 5 minutes Queensway will also undergo a c. £50m repositioning in KNIGHTSBRIDGE KNIGHTSBRIDGE order to revitalise the Bayswater area. Marble Arch D 15 minutes OA N R TO Paddington Station MP RO 30 minutes B Lancaster Gate tube station 20 minutes 10 minutes 5 minutes THE AVERARD HOTEL 10-11 Lancaster Gate, London W2 3LH London Oxford Lancaster Gate Bayswater Queensway Hyde Bulgari Paddington Station Street Station Mayfair Park Lane Station Station Park Hotel THE AVERARD HOTEL THE AVERARD HOTEL Hyde Park, London DESCRIPTION The Averard Hotel is located at the Eastern end has been placed on hold and the works of Lancaster Gate and at the end of a terrace not undertaken at this point. Instead, the of substantial period buildings. Built in English exterior of the property is as illustrated in Baroque with French mannerist touches in the the photography and the internal structure 1850s. requires full redevelopment. The property comprises approximately 26,700 sq.ft GIA The former 60 room freehold hotel opened in (Gross Internal Area). 1925 and contains two white stucco fronted, seven storey grade II listed buildings located EPC within the Bayswater Conservation Area. Can be provided on application. Our client acquired the Averard Hotel with the view to complete a full refurbishment GUIDE PRICE £27,500,000 programme, however, the development VIEWINGS Viewing is strictly by prior appointment with Savills: Gary Witham MRICS Director Hotel Agency 020 7409 9902 [email protected] Charley Allen Surveyor Hotels Agency 020 7075 2859 [email protected] Important Notice: Savills, Knight Frank and their clients 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 and Knight Frank have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Commercial Marketing: 020 7499 8644 | September 2018.