Guide price
£10,000,000
(£656.51/sq. ft)
Hotel for saleCommercial Road, London E14
15,232 sq. ft
About this property
Panda House is a hostel (Use Class Sui Generis)
59 en-suite units with shared communal space
Existing gia of approx. 15,232 sqft / 1,415 sqm
The property is subject to a lease expiring December 2029
Rent of approx. £873,000
Lapsed planning consent for a new build scheme to provide 109 rooms
Scope to repurpose the existing building and/or explore alternative living uses
Existing gia of approx. 15,232 sqft / 1,415 sqm.
The building is situated on Commercial Road in Limehouse, East London, minutes away from the thriving hub of Canary Wharf.
The building occupies an island site, and currently operates as a hostel.
The property is subject to a lease expiring December 2029 at a rent of approx. £873,000.
Lapsed planning consent for a new build scheme to provide 109 rooms (approx 41,883 sqft gia) over 7 storeys plus lower ground.
There is scope to repurpose the existing building and/or explore alternative living uses such as Coliving or pbsa, subject to obtaining the necessary consents.
0.3 miles to Limehouse station.
Offers are invited for the freehold interest in the property.
The building can be sold with Vacant Possession if required.
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