strand hotel

Hotel Investment

There is little chance of a quick return to a housing boom despite the possibility of UK prices rising over the course of the year, surveyors say.

NEW

THE STRAND HOTEL

UNIQUE HOTEL & RESIDENTIAL OPPORTUNITY

336-337 STRAND, LONDON, WC2R 1HB

EXECUTIVE SUMMARY

Property

The Property represents a unique opportunity to complete a 5-star hotel in central London to a design by Foster + Partners, and to acquire the freehold interest with vacant possession.

There is also the opportunity to redesign the proposed scheme if required.

The Property is a partly developed hotel and residential project on the site of the former Gaiety Theatre, later the Marconi Building and more recently Citibank House.

The site is estimated to be 0.33 hectares or 0.829 acres.

Development has been suspended, but it was envisaged that the completed project, designed by Foster + Partners, would comprise:

• 173 bedroom hotel, finished to a 5-star standard

• 79 residential apartments

• Approximately 92 underground car parking spaces.

LOCATION

The Property, which forms an island site, is located on the southern side of Aldwych, adjacent to Bush House and opposite One Aldwych Hotel, Waldorf Hilton Hotel and Strand Theatre.

This is a first class location, in a highly prominent position, benefiting from close proximity to both the City and the West End.

No Further Information will be provided until a LOI or POF is Available