- 23,054,000 £
- 4.7% yield
A unique opportunity to participate in a project to renovate and expand a student dormitory in central London—in the Westminster district.
Approved project includes for a part two-storey, part threestorey extension to be developed as 51 aparthotel units, significantly enhancing the value of the site.
It has consented to the enlargement and conversion of all existing student units into selfcontained studios with ensuite facilities and kitchenettes.
Under these plans, the building's gross internal area (GIA) will increase from the existing 34,328 sq ft to 53,127 sq ft, increasing the value of the property substantially.
The property is a 6-minute walk from St. James’s Park Underground Station and a 12-minute walk from Victoria Station, both of which provide excellent connectivity via the District, Circle, and Victoria lines, as well as national rail services. This location boasts a high PTAL rating of 6, ensuring good transportation links to all parts of London. Sustainable, public travel options include local bus stops and cycle hire stations. Westminster is within commuting distance of world-renowned academic institutions like King’s College London, London School of Economics (LSE), UCL, Imperial College London. University of the Arts London is also within a walking distance. Besides, tourists come to Westminster for access to London landmarks including the Houses of Parliament, Westminster Abbey and Buckingham Palace.
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