Imperial London Hotels markets the Bloomsbury Portfolio

Imperial London Hotels is selling the Bloomsbury Portfolio of central London properties with a price tag of £37m. The portfolio comprises eight buildings with 250 rooms, previously used as staff accommodation. Imperial London has appointed Colliers International, inviting offers for the entire collection or individual or groups of sites. The buildings range from 12 to 51 bedrooms with planning consents for repurposing as hotels or hostels. 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 canvases for future development across a range of uses, including boutique hotel accommodation, hostels/poshtels, offices and residential development.” The neighbourhood of Bloomsbury, WC1 (pictured), is beginning to attract more attention from commercial investors and occupiers. Last year, investment volumes spiked reaching a near-decade high of £852m, according to Knight Frank. This was boosted by a number of major deals including the £245m acquisition of the Holborn Links estate by Curzon Capital Partners and Cording Real Estate from Teddy Sagi’s LabTech and Pontegadea’s £600m Post Building buy. This year, Singapore’s Sun Ventures also acquired 1 New Oxford Street , WC1A, for £174m. The eight properties in the Bloomsbury Portfolio Ferndale House 21-22 Argyle Square, London WC1H 8AS: Two adjoining buildings with 34 bedrooms, £4m Florida House 23-25 Argyle Square, London WC1H 8AS: Three adjoining buildings with 47 bedrooms, £6m 27 Argyle Square, London WC1H 8HP: Single building with 12 bedrooms. Guide price £1.75m Oxford House 30 & 32 Tavistock Place, London WC1J 9SE: Two adjoining buildings with 27 bedrooms, £3.5m 37 Tavistock Place, London WC1H 9SE: Single building with 12 bedrooms and small shop unit (currently let), £2m 6 Coram Street, London WC1N 1HA: Substantial corner building with 21 bedrooms and 14 offices, £5.25m 64-65 Guildford Street, London WC1N 1DD: Two adjoining buildings with circa 33 bedrooms, £4.5m William Martin Court, 65 Margery Street, London WC1X 0JL: Modern building with 51 bedrooms and basement car parking, £10m To send feedback, e-mail emma.rosser@egi.co.uk or tweet @EmmaARosser or @estatesgazette Photo © Alamy