48 Chapel St
London NW1 5DH
The Chapel · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Located approximately 100m from Edgeware Road Station (south side)
- Positive planning pre-application to add an extra five keys by adding one more floor to the building
- The pub is currently closed (historic trading of £1.4m per annum)
- Planning permission granted for the development of a 44-bedroom (average room size 17 m2) hotel set over 6 floors
- Potential reconfiguration to increase room count
- Total development area of 14,860 GIA
EXECUTIVE SUMMARY
An exciting opportunity to redevelop The Chapel public house into a modern 6-storey hotel. This redevelopment project also includes provisions for a public house and retail space on the ground floor.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
6,750 SF
Building Class
B
Year Built
1800
Price
£8,750,000
Price Per SF
£1,296.30
Percent Leased
100%
Tenancy
Multiple
Number of Floors
5
Slab to Slab
10 ft
Frontage
AMENITIES
- Bus Route
- Security System
- Signage
