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."

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