£37m Bloomsbury Portfolio up for sale

UK: A collection of eight freehold properties in London’s Bloomsbury area, with a total of 250 rooms, is on the market for £37 million with offers invited by Colliers International.

The properties were recently used as staff accommodation by a London hotels operator. They range in size from 12-50 bedrooms with different prices from £1.75 million to £10 million.

There is planning content for use as a hotel or hostel, and offer the potential for alternative uses subject to planning permission.

Colin Hall, head of London hotels agency at Colliers International, said: “It has taken our clients 40 years to assemble this portfolio, which now provides the very rare opportunity of eight freehold buildings becoming available at one time in the highly desirable neighbourhood of Bloomsbury. These properties are in effect superb blank canvasses for future development across a range of uses, including boutique hotel accommodation, hostels/poshtels, offices and residential development.

“Historically, Bloomsbury has enjoyed some of the highest hotel occupancy rates in London, and these properties would enable a new owner to develop hotel/hostel type premises without having to purchase goodwill. For those interested in developing the buildings for other uses, the planning status on some is such that it is likely they could be repurposed if required.”

Bloomsbury is known as the area where the Bloomsbury Group of writers, artists, intellectuals and philosophers lived in the early part of the 20th Century, among them Virgina Woold, John Maynard Keynes, and E.M. Forster.

The eight properties in t he Bloomsbury Portfolio include:

Ferndale House 21-22 Argyle Square, London WC1H 8AS – Two adjoining buildings with 34 bedrooms. Guide price £4m.

Florida House 23-25 Argyle Square, London WC1H 8AS – Three adjoining buildings with 47 bedrooms. Guide price £6m.

27 Argyle Square, London WC1H 8HP – Single building with 12 bedrooms. Guide price £1.75m.

Oxford House 30 and 32 Tavistock Place, London WC1J 9SE –Two adjoining buildings with 27 bedrooms. Guide price £3.5m.

37 Tavistock Place, London WC1H 9SE – Single building with 12 bedrooms and small shop unit (currently let). Guide price £2m.

6 Coram Street, London WC1N 1HA – Substantial corner building with 21 bedrooms and 14 offices. Guide price £5.25m.

64-65 Guildford Street, London WC1N 1DD –Two adjoining buildings with circa 33 bedrooms. Guide price £4.5m.

William Martin Court, 65 Margery Street, London WC1X 0JL – Modern building with 51 bedrooms and basement car parking. Guide price £10m.

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