From
£3,000,000
15 bed block of flats for saleChatsworth Road, Mapesbury, London NW2
15 beds
- Auction
Savills - National Auctions
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About this property
A fully operational and licenced hostel within a prominent detached period building
Located within a 5 minute walk from Kilburn Underground Station
99 (bunk) bed spaces, over 15 rooms plus: Large communal reception/ dining room, internet room, communal kitchen, communal laundry room, communal shower rooms and WC's
Building measures circa.4,382 sq.ft
We understand total revenue at full occupancy under current rate being achieved would be for £889,521 per annum
Off street parking
Rear gardens
Lapsed planning consent for a rear extension and dormer to create further bed spaces
Lapsed planning consent for conversion of the building into: 2 x 2 bed maisonette, 1 x 1 bed maisonette, 2 x 2 bed flats including a rear and side dormer window, a first floor rear extension and creation of two lightwells in the front elevation
Planning submitted for erection of outbuilding in garden and relocation of existing outbuilding and associated works
Freehold
Popular location
Same ownership for 25 years
Viewings available by request
Strapline
Auction Sale - 28/05/2025
Of interest to investors, developers and hotel operators. A Fully Operational and Licenced Hostel Featuring 99 Bed Spaces. Potential for further development subject to consent. We understand total revenue at full occupancy under current rate being achieved would be for £889,521 pa
Located in Kilburn
Description
A Fully Operational and Licenced Hostel Featuring 15 rooms and 99 Bed Spaces. Potential for further development subject to consents. The property is located on Chatsworth Road a popular residential location close to the amenities of Willesden High road and a further selection of shops, bars and restaurants along Kilburn High Road.
Transport
Kilburn Station - 0.2 miles
Brondesbury Station - 0.3 miles
Brondesbury Park Station - 0.4 miles
Planning
Lapsed planning consent for a rear extension and dormer to create further bed spaces
Lapsed planning consent for conversion of the building into: 2 x 2 bed maisonette, 1 x 1 bed maisonette, 2 x 2 bed flats including a rear and side dormer window, a first floor rear extension and creation of two lightwells in the front elevation
Planning submitted for erection of outbuilding in garden and relocation of existing outbuilding and associated works
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