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Home , Bayswater, Park Lane

THE AVERARD HOTEL Hyde Park, THE AVERARD HOTEL 10-11 Lancaster Gate, London W2 3LH

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ROYAL OAK S LONDON E Y M E O Hotel redevelopment opportunity D U 2 G R B41 P W W ROVE L O G A AY NE R O R T W in the heart of Bayswater, in close U E RGE S N T A D BO EO ES ST RD G A E 41 L W U N W

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proximity of Hyde Park and E

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T S D W T L O E U A A K S B R O A D E E R R ET N Y BR L TRE E A S L D R S O FO G C X Gross InternalO Area of c.26.700 sq ft O I N D R I E K O R E G T A B P GR O D THE AVERARD HOTEL A N M R E O P K A P

V RK BAYSWATER S T E RO Freehold A D LANCASTER GATE W ATER RD YSW CR LADBROKE BA Previously approximately 60 O SQUARE

S C A S HYDE PARK R R bedroom hotel built in the 1850’s R I T KENSINGTON A E G NOTTING HILL GATE P E A GARDENS D

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L GUIDE PRICE £27,500,000 E A

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I N E V A G P K AR K A T P E D O N N R LA K L N HO S IN L SHEPHERDS BUSH C LOCATIONKENSINGTON A H G N U T PALACE O R E C N

H The hotel P is well situated in a prominent location on Lancaster S A (approximate) L WALKING TIMES T A Gate withC partial views through to the Bayswater Road and KENSINGTON E towards Hyde G Park. The hotel is located on the northern A R HOLLAND PARK side of LancasterDE Gate on the junction SERPENTINEwith Craven Terrace. Hyde Park 5 minutes N The hotel benefitsS from exceptional connectivityGALLERY being RIDGE HTSB NIG within close proximity to Lancaster Gate underground K ET D AKensington315 Palace 15 minutes H TRE A315 ENSINGTON R O stationH S providing Central Line services into Central K London. IG LL H A ON N T PaddingtonHIGH STREET KENSINGTON mainline station is located less than half a mile ING ROYAL ALBERT D NS 30 minutes R KE away and provides services across the countryHALL as well D O A A O D as frequent service to via the Heathrow R N Express. Whilst the hotel benefits from its proximity to local O Marble Arch PT 20 minutes attractions such as Hyde Park and , it is also M RO KENSINGTON B in the heart of Bayswater, where there are plans to redevelop Paddington Station 10 minutes the shopping centre. This shall be created by introducing a £1bn mixed-use scheme, which will include a range of leisure and retail. This initiative will mean that Lancaster Gate tube station 5 minutes Queensway will also undergo a c. £50m repositioning in order to revitalise the Bayswater area. THE AVERARD HOTEL 10-11 Lancaster Gate, London W2 3LH

London Oxford Lancaster Gate Bayswater Queensway Hyde Bulgari Paddington Station Street Station 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