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UK: Knight Frank has been appointed to sell Kingsway House and the adjacent 4 Great Queen Street in London’s Covent Garden on behalf of GMS Estates, seeking offers in excess of £25 million.
A consented development opportunity, the site offers the potential to create a flagship hospitality asset in the heart of one of London’s most vibrant and sought-after destinations.
Planning permission has been granted to transform Kingsway House and 4 Great Queen Street into an 80-bedroom hotel with an additional commercial unit, including the construction of a new seven-storey building on the site of 4 Great Queen Street. The proposed development will extend to more than 51,000 square feet, with the approved plans retaining the period façade of Kingsway House, which sits within the Kingsway Conservation Area.
The property is within walking distance of Covent Garden, Soho, Seven Dials and the West End. The surrounding area is home to a thriving mix of retail, leading restaurants and world-class entertainment, underpinning its appeal as a highly sought-after hotel location. London retains its position as Europe’s most visited city, with Covent Garden alone attracting more than 40 million visitors annually and sustaining strong year-round demand for high-quality accommodation from both leisure and corporate travellers.
The site is a one-minute walk from Holborn Station and benefits from excellent connectivity across London, achieving the highest PTAL (Public Transport Accessibility Level) rating. King’s Cross St Pancras, Bond Street and Piccadilly Circus can all be reached within five minutes, while Heathrow, Gatwick and London City airports are all accessible in under 50 minutes, providing convenient connections for international visitors.
James Bater, associate at Knight Frank, said: “Opportunities to acquire a consented hotel development of this scale and quality in the heart of central London are exceptionally rare. Kingsway House combines an outstanding Covent Garden location with a de-risked planning position and clear route to development at a time of strong demand for well-located hotel accommodation in the capital. Against a backdrop of constrained new supply, year-round visitor demand and London’s enduring appeal as a global leisure and business destination, the opportunity presents compelling investment fundamentals alongside significant potential to create long-term value through the delivery of a high-quality, income-generating asset in one of the capital’s most established locations.”
Highlights:
- Knight Frank has been appointed to sell Kingsway House and the adjacent 4 Great Queen Street in London’s Covent Garden on behalf of GMS Estates, seeking offers in excess of £25 million.
- Planning permission has been granted to transform Kingsway House and 4 Great Queen Street into an 80-bedroom hotel with an additional commercial unit
- The property is within walking distance of Covent Garden, Soho, Seven Dials and the West End
