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Off Market

Five Ways Hotel

100% OFF MARKET. END INVESTORS ONLY. DO NOT CIRCULATE PLEASE. I HAVE

A good friend of mine is the solicitor acting and represents the joint venture which is behind the Panamanian Offshore SPV company which is the Registered Proprietor of the above vacant 23 storey Tower Office Building.

This property has huge potential opportunities for refurbishment/conversion/redevelopment

The basic details of the Building are as follows:-

There are 23 floors. 

Floors 1 and 2  are below ground 

Floor 3 is ground level. 

Floor 4 is a mezzanine level.

Offices start at Floor 5 and continue to floor 14 with the Elbow

Floors 15 - 21 continue without the Elbow

Floor 22 /23 is one double height floor, formerly used as a 'plant' room.

The Roof and lift housing is above that.

Below and at the side is a 449 car space car park with circa 200 car parking spaces allocated to the Tower.

 

I attach such Floor plans plans as I have been given. All the floors are similar.

 

There are six 12 passenger lifts lift in total.

I attach basic details of the Building which includes, as follows:-

  1. Building Synopsis
  2. Photos External and Internal
  3. Copy Lease Plan (showing right of way over adjoining site let to DWP in brown)
  4. Hotel conversion brochure showing possibilities for small, medium and large Hotel.

 

As background information, Five Ways Tower is held in a Panamanian SPV in with the registered title to the property is vested for the benefit of the shareholders with their jv partners as owners. I represent the joint venture owners and there is no-one else in this Country.  The Panamanian SPV company is a non-trading shell which is however registered for VAT as from when the Tower property was acquired in March 2000.