13, 15 & 17 Norfolk Square, Paddington, London, W2 1RU
- PROPERTY TYPE
Hotel
- BEDROOMS
55
- SIZE
Ask agent
Description
Location & Description
A Grade II Listed, 55 room hotel (all with en-suites) arranged across three adjoining buildings over lower ground, ground and four upper floors. The property has recently been refurbished and benefits from air conditioning and two elevators (up to the 2nd floor).
Forming part of the Bayswater Conservation Area, overlooking Norfolk Square Garden, just south of Praed Street, close to Paddington Station (which includes the Heathrow Express), about mile from Hyde Park/Kensington Gardens and 1 miles from Mayfair.
Accommodation
2 King Rooms
11 Superior Queen Rooms
15 Queen Rooms
22 Double Rooms
5 Single Rooms
Tenancy Details
The entire property is let on a repairing and insuring lease to Sonder Hospitality UK Ltd (with Guarantor from Sonder Holdings Inc.) for 5 years from 15.04.2023 at a current rent of £660,000 p.a. rising throughout the term as follows:
From 11.05.2024 to 10.05.2025: £710,000 p.a.
From 11.05.2025 to 10.05.2026: £751,000 p.a.
From 11.05.2026 to 10.05.2027: £763,000 p.a.
From 11.05.2027: £777,000 p.a.
The provisions of sections 24-28 of the Landlord & Tenant Act 1954 (security of tenure) are excluded.
Note
1. Tenant Profile:
2. 12 week completion available.
3. Internal photos from Booking.com
Auction Surveyor: Robert Woolfe
Contact: robert.
EQUIVALENT TO £710,000 p.a. RISING THROUGHOUT THE TERM
EPC Rating
C
Viewing Times
Brochures
Legal Documents13, 15 & 17 Norfolk Square, Paddington, London, W2 1RU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lancaster Gate Station0.3 miles
- Paddington Station0.3 miles
- Edgware Road (Bakerloo) Station0.4 miles
About the agent
Strettons Auctions, London
Waltham House, 11 Kirkdale Road, London, E11 1HP
Strettons holds 6 auctions a year and combines residential and commercial investment opportunities of all types. As a firm of Chartered Surveyors and regulated by the RICS, we adhere to high standards and our clients benefit from comprehensive property advice on all matters. Our team of auction surveyors brings a wealth s of experience and is available to offer their expertise throughout all stages of your auction journey. To learn more, give us a call and we will look forward to working with
Notes
Disclaimer - Property reference 239840. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Strettons Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Strettons Auctions, London on 020 3840 3721.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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