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06 Oct 2008
Ref: enf87
An opportunity to purchase a proposed hotel development in Wembley through Christie + Co
This news item was issued when the business featured was for sale. Please contact the relevant office to check on its current availability.
24/40065 Wembley Hotel Development
A former residential property in Wembley, which has planning permission to be converted into a 15-bedroom hotel, has been placed on the market through the Enfield Office of leading business agents, Christie + Co.
The proposed development is situated on Wembley Hill Road and will comprise 15 double en suite bedrooms arranged over the ground, first and second floors, a breakfast room and a hotel bar. To the front of the property, there are proposed entrance gardens and guest car parking for approximately eight cars to the rear.
Andrew Evangelou, from Christie + Co’s Enfield Office, who is handling the sale, commented; “The development site is situated just a short walk from Wembley Stadium and surrounding arenas, which we believe would generate high income streams into the business. There is currently a strong demand for hotel rooms, ranging from the budget up to the luxury standard and much of this requirement comes from Wembley Park, which hosts major international football matches, sporting events, concerts and exhibitions. The proposed hotel would be ideally suited to cater for this requirement and would be an excellent opportunity for an existing operator/developer seeking to expand their portfolio, or alternatively the site may also be suitable for residential development, subject to planning permission.”
Christie + Co is seeking £760,000 for the freehold interest of this development site.
For more information contact:
Andrew Evangelou (Negotiator)
Enfield (+44 (0) 20 8370 3100)
Andrew.Evangelou@christie.comJulie Allen (Publicity Officer)
Press Office (+44 (0) 1908 350580)
Julie.Allen@christie.com
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