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15 bedroom block of apartments for sale
30 Chatsworth Road, Kilburn, London, NW2 4BS
£3,000,000
30 Chatsworth Road, Kilburn, London, NW2 4BS
£3,000,000
Our Summary
- Auction Sale - 28/05/2025
- Potential for further development subject to consent
- Potential for further development subject to consents
- Lapsed planning consent for a rear extension and dormer to create further bed spaces
- Lapsed planning consent for conversion of the building into: 2 x 2 bed maisonette, 1 x 1 bed maisonette, 2 x 2 bed flats including a rear and side dormer window, a first floor rear extension and creation of two lightwells in the front elevation
Description
This auction sale features a fully operational and licensed hostel in Kilburn, London, with 99 bed spaces across 15 rooms. The property has a current revenue of £889,521 per annum at full occupancy and offers potential for further development subject to consent. The hostel is located on Chatsworth Road, close to Willesden High Road and Kilburn High Road, with easy access to public transportation links, including Kilburn, Brondesbury, and Brondesbury Park stations. The property has lapsed planning consent for extensions and conversions, as well as a new planning submission for an outbuilding in the garden. This presents an exciting opportunity for investors, developers, and hotel operators to capitalize on the growing demand for budget accommodations in the area.