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Panda House 628-634 Commercial Rd 59 Room Hostel London E14 7HS $13,647,406 ($231,312/Room) 8.73% Cap Rate
Investment Highlights
- hostel (Use Class Sui Generis) comprising 59 en-suite
- Lapsed consent for to create 109 rooms.
- Close to Limehouse Station, offering quick access to the City and Canary Wharf.
- Option for vacant possession or pre occupied sale.
Executive Summary
Panda House is a hostel (Use Class Sui Generis) comprising 59 en-suite units with shared communal space, arranged over 4 floors (LG, G, first and second floors), extending to approx. 15,232 sqft / 1,415 sqm (GIA).
The building is situated on Commercial Road in Limehouse, East London, minutes away from the thriving hub of Canary Wharf.
The building occupies an island site, and currently operates as a hostel.
The property is subject to a lease expiring December 2029 at a rent of approx. £873,000.
Lapsed planning consent for a new build scheme to provide 109 rooms (approx 41,883 sqft GIA) over 7 storeys plus lower ground.
There is scope to repurpose the existing building and/or explore alternative living uses such as Co-living or PBSA, subject to obtaining the necessary consents.
The building can be sold with Vacant Possession if required.
The building is situated on Commercial Road in Limehouse, East London, minutes away from the thriving hub of Canary Wharf.
The building occupies an island site, and currently operates as a hostel.
The property is subject to a lease expiring December 2029 at a rent of approx. £873,000.
Lapsed planning consent for a new build scheme to provide 109 rooms (approx 41,883 sqft GIA) over 7 storeys plus lower ground.
There is scope to repurpose the existing building and/or explore alternative living uses such as Co-living or PBSA, subject to obtaining the necessary consents.
The building can be sold with Vacant Possession if required.
Property Facts
Amenities
- Time Share
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 59 | $70.97 | - |
1 1
Contacts
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Dean Leslie -
Matt Glazer -
Sam Bacon -
Reuben Barnard -
Marcus Godfrey -
Olivier Worrall -
GLPG Ltd
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Panda House | 628-634 Commercial Rd
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