Block of flats

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Block of flats

Green Lane, Ilford IG3
£5,000,000

Our Summary

  • Exceptional Investment & Development Opportunity
  • Potential to Convert to 4-Star with £200k - £300k Refurb
  • With refurbishment, it has the potential to be elevated to 4-star status, unlocking significant value and income potential
  • Opportunity for planning permission to extend

Description

Pasha Hotel is a rare opportunity to acquire a fully operational and independent freehold boutique hotel in Camberwell, South London. The hotel, set across two buildings with 30 en-suite rooms, benefits from exceptionally high occupancy and zero competition due to C1 licensing restrictions in the area. With refurbishment, it has the potential to be elevated to 4-star status, unlocking significant value and income potential. The hotel is fully let, with an average net income of £60,000 per month, and has a restaurant under refurbishment, expected to generate £300,000 to £350,000 revenue annually. The property is held under a clean, unencumbered freehold and has no outstanding debt or mortgages, offering a 5.5% yield valuation of £6.5 million. With potential for planning permission to extend and increased revenue from upgraded facilities and operational restaurant, Pasha Hotel presents a unique investment and development opportunity.