Land for Sale in London, London

Summary: Off Market Hotel Freehold For Sale – London, NW3 Summary • 304 beds 1.76 acre site • 4 stars • 22,000 square feet GIA • Freehold owned by the family. This is the asset for sale. • Price of Freehold is £10m - £12m. • Open market value of land / site @ £500 per sq ft is nearer £110m • Lease currently owned for 99 years • Lease started in January 1974 • £33,735 p.a. ground rent being paid now increasing to £41,000 by 2035 • Mobile masts provide additional income of £50,000 per annum Options: 1. Knock down and rebuild 2. Long term hold until 2073

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