Home » London Focus » Historic Lutyens building for sale in City of London

Historic Lutyens building for sale in City of London

This unique and world-class asset which is located next to The Bank of England is suitable for a variety of alternative uses to include office, hotel and mixed use, subject to the necessary planning consents.
The property was purchased in September 2006 by a private Russian investor for a reported £72million. Planning permission was received on November 2008 to convert the 291,573 sq ft property into a luxury hotel. It has permission for 181 bedrooms, bars, restaurants, health clubs, private members’ club and roof garden, protecting the Portland stone fa├žade and interior features including Lutyens’ banking hall which is decorated with marble Corinthian columns.
The private Russian investor bought the five-storey property from Paul Kemsley, Apprentice star interviewer and former Tottenham Hotspur vice-chairman.
Dominic Mayes, head of hotels, Knight Frank, said: "This building is steeped in history and it will be fascinating to see its future development. The property presents a unique opportunity for an investor to create a landmark hotel in a prime central London location, but would equally suit alternative uses. The location and nature of the building is truly outstanding."

Have your say on this story using the comment section below