30-32 Ludgate Hill, London, Greater London, EC4M 7DR, UK

30-32 Ludgate Hill, EC4

Asset description

Freehold
Full planning consent has been obtained for the conversion of the existing commercial accommodation to provide a 35-room apart hotel (Class C1) with supporting ancillary facilities and amenity
Potential to enhance consent by creating additional massing to the rear of the building or by creating additional rooms within the existing envelope
Vacant possession achievable by October 2024
The existing building comprises 16,679 sq ft GIA (1,549.6 sq m) of office and retail accommodation arranged over lower ground, ground and six upper floors
Prominently positioned 100 metres from St Paul’s Cathedral, on the western side of the City of London, in close proximity to Farringdon
Benefits from excellent transport connections within a five-minute walk of Blackfriars and St Paul’s stations and a ten-minute walk of Bank and Farringdon (Elizabeth Line) stations
The building will benefit from the on-going development and activity in the immediate area, increasing levels of tourism and hotel demand from corporate occupiers

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Building area gross

1,550 sm

Investment strategy

Value Add

Building class

Class C

Keys

The opportunity

Full planning consent has recently been obtained (application number: 23/00817/FULL) to reposition the existing commercial accommodation at 30-32 Ludgate Hill. The scheme proposes to convert the existing building into a high quality Apart-Hotel (Class C1) of 35 rooms with kitchenettes over first to sixth floors. Additional front of house communal areas will be provided, alongside a reception area, and ancillary spaces for staff members and required plant.

Further potential

Holland Harvey Architects has undertaken a feasibility study to demonstrate the ability to create additional massing towards the rear of the property, creating three additional units.
Holland Harvey Architects has also looked at altering the scheme to create more rooms within the existing envelope. The revised scheme demonstrates potential for 48 rooms within the additional massing option.