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Chatsworth Road, London NW2 15 bed house for sale
Chatsworth Road, London NW2
£3,500,000
Chatsworth Road, London NW2
£3,500,000
Our Summary
- A Fully Operational and Licenced Hostel Featuring 99 Bed Spaces and Offering Tangible Asset Management Angles and Potential For Further Development•A fully operational and licenced hostel within a prominent detached period building •Located within a 5 minute walk from Kilburn Underground Station•15 rooms, communal reception, internet room, communal kitchen, communal laundry room, communal shower rooms and WC's, off street parking and rear gardens•Lapsed planning consent for a rear extension and dormer to create further bed spaces •Potential to create revenue in excess of £720k per annum plus associated services•FreeholdPrice: £3,500,000 (Subject to Contract)EPC - D
- Potential to extend STPP
Description
This fully operational and licensed hostel is located in a prominent detached period building, just a 5-minute walk from Kilburn Underground Station. The property features 99 bed spaces, with 15 rooms, communal areas including a reception, internet room, kitchen, laundry room, and shower rooms, as well as off-street parking and rear gardens. The hostel has lapsed planning consent for a rear extension and dormer to create additional bed spaces, offering potential for further development and increased revenue. With a current potential to generate over £720,000 per annum plus associated services, this freehold property is being sold for £3,500,000 (subject to contract) and is an attractive opportunity for investors or developers looking to capitalize on its tangible asset management angles.