Planning consent granted for a new 129 bedroom hotel with suitability for alternative uses.
• Situated in East Acton (Zone 2), in a prominent position on Old Oak Common Lane.
• Excellent transport connectivity:
o 200m from East Acton Underground Station (Central Line).
o Close to the new Old Oak Common Station (Elizabeth Line & HS2).
• The existing building comprises 14,682 sqft of offices, Class E (Snooker Hall), Class E (Retail) and warehouse space retail and warehouse space. The building remains fully let and produces an income of £114,215 per annum.
• Vacant possession is achievable with 6 months notice.
• Full planning consent is granted for a new build scheme to create a 129 bedroom hotel. The consented envelope is 42,248 sqft GIA arranged over 2 basements and 5 upper-floors.
• Planning reference: 220178FUL.
• Further feasibility studies have been carried out for an additional storey providing a further 18 bedrooms.
• Opportunity may be suitable for a co-living or Student Accommodation scheme, subject to the necessary consents.
• The site is in an area of significant regeneration.
• Freehold.
Offers in excess of £5,500,000 (Five Million, Five Hundred Thousand Pounds) for the freehold interest. A purchase at this level reflects a low capital value of £130.18 per sqft and £42,600 per key.
