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Mapesbury Hostel London 30 Chatsworth Rd 15 Room Hostel London NW2 4BS $6,517,538 CAD ($434,503 CAD/Room) 20.57% Cap Rate
INVESTMENT HIGHLIGHTS
- A fully operational and licenced hostel within a prominent detached period building
- Off street parking and rear garden
- Located within a 5 minute walk from Kilburn Underground Station
EXECUTIVE SUMMARY
A fully operational and licenced hostel within a prominent detached period building
Building measures circa.4,382 sq.ft
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
We understand total revenue at full occupancy under current rate being achieved would be for £889,521 per annum
Rear gardens
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
Lapsed planning consent for a rear extension and dormer to create further bed spaces
Planning submitted for erection of outbuilding in garden and relocation of existing outbuilding and associated works
Same ownership for 25 years
Located within a 5 minute walk from Kilburn Underground Station
Freehold - Offers in excess of £3,000,000 (Subject to Contract)
Building measures circa.4,382 sq.ft
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
We understand total revenue at full occupancy under current rate being achieved would be for £889,521 per annum
Rear gardens
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
Lapsed planning consent for a rear extension and dormer to create further bed spaces
Planning submitted for erection of outbuilding in garden and relocation of existing outbuilding and associated works
Same ownership for 25 years
Located within a 5 minute walk from Kilburn Underground Station
Freehold - Offers in excess of £3,000,000 (Subject to Contract)
PROPERTY FACTS
| Price | $6,517,538 CAD | Building Class | B |
| Price Per Room | $434,503 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 4,381 SF |
| Cap Rate | 20.57% | No. Rooms | 15 |
| Tenure | Freehold | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 2008 |
| Property Subtype | Hostel | Corridor | Interior |
| Price | $6,517,538 CAD |
| Price Per Room | $434,503 CAD |
| Sale Type | Investment |
| Cap Rate | 20.57% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hostel |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 4,381 SF |
| No. Rooms | 15 |
| No. Stories | 4 |
| Year Built | 2008 |
| Corridor | Interior |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 15 | $195.53 CAD | - |
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Mapesbury Hostel London | 30 Chatsworth Rd
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