Bloomsbury Portfolio, a Collection of Eight Small Freehold Hotel/Hostel Properties Available for £37m

Locations: All in Bloomsbury, London, England, UK, Within Walking Distance of each other

Names: Individual Names

Guide Price: Available Individually between £1.75m and £10m or £37m for all eight

No. of Keys: Between 12 and 51 each – 240 in total, with some offices and retail

The Opportunity: A unique opportunity to acquire this collection of freehold properties, hitherto used as staff accommodation hostels, by a London hotels operator.

They range in size from a dozen bedrooms to 50 bedrooms, with prices ranging from £1.75m to £10m. They predominantly have planning consent for use as hotel or hostel accommodation, but also offer potential for a wide range of alternative uses subject to planning permission.

Hotel sector specialist Colliers International, which is representing the private owner, is inviting offers for the entire collection, or for groups of properties or individual properties.

Colin Hall from Colliers International, said interest in the Bloomsbury Portfolio was anticipated to come from a wide variety of potential purchasers because of the extensive opportunities offered by the buildings and the fact that they are situated in a prime central London location.

“It has taken our clients 40 years to assemble this portfolio, which now provides the very rare opportunity of eight freehold buildings becoming available at one time in the highly desirable neighbourhood of Bloomsbury,” he said.

“These properties are in effect superb blank canvasses for future development across a range of uses, including boutique hotel accommodation, hostels/poshtels, offices and residential development.

“Historically, Bloomsbury has enjoyed some of the highest hotel occupancy rates in London, and these properties would enable a new owner to develop hotel/hostel type premises without having to purchase goodwill.”

The eight properties in the Bloomsbury Portfolio are:

Ferndale House 21-22 Argyle Square, London WC1H 8AS – Two adjoining buildings with 34 bedrooms. Guide price £4m.

Florida House 23-25 Argyle Square, London WC1H 8AS –Three adjoining buildings with 47 bedrooms. Guide price £6m.

27 Argyle Square, London WC1H 8HP –Single building with 12 bedrooms. Guide price £1.75m.

Oxford House 30 & 32 Tavistock Place, London WC1J 9SE –Two adjoining buildings with 27 bedrooms. Guide price £3.5m.

37 Tavistock Place, London WC1H 9SE –Single building with 12 bedrooms and small shop unit (currently let). Guide price £2m.

6 Coram Street, London WC1N 1HA –Substantial corner building with 21 bedrooms and 14 offices. Guide price £5.25m.

64-65 Guildford Street, London WC1N 1DD –Two adjoining buildings with circa 33 bedrooms. Guide price £4.5m.

William Martin Court, 65 Margery Street, London WC1X 0JL –Modern building with 51 bedrooms and basement car parking. Guide price £10m.

Main Photo: A montage of the eight properties

Current Owners: Private company

Flag and Management: Free

Financials: A full IM, with floor-plans is available

Tenure: Freehold

Agent: ..THPT would need to act for the buyer

Guide Price: Individually Priced as above, or £37m for the eight

Guide Price per Key: around £150k

Date Posted: December 2020

THPT Comment: Fab opportunity to secure this number of rooms in one area…ideal for cluster management and sales and marketing. Most of the rooms are NOT en-suite and a full refurb will be required. The area is considered to be great for hotels, with The British Museum, Medical HQs and the recently upgraded IHG Kimpton hotel making it’s mark.

Contact us for further information

This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

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MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.