Rare & exiting opportunity to acquire a freehold building approximately (25,000 Sq.Ft) The property comprises two adjoining white stucco fronted, seven storey Grade II Listed buildings in need of complete modernisation. Held in a SPV this would make for a perfect development or hotel. Development options include converting back into a 60 bedroom hotel or reconstructing to residential use, subject to the usual planning consents. With grand rooms spread over seven floors, the property is full of Victorian architectural features, including intricate plasterwork and an impressive staircase. This substantial building occupies a prominent corner plot in Lancaster Gate and is in a prime location on a parallel road to Hyde Park, with partial park views. The property is conveniently located close to both Lancaster Gate (Central Line) and Bayswater (Circle and District Lines) underground stations. There are many shops and other amenities in the vicinity. Oxford Street, Mayfair and Westbourne Grove are all easily accessible. The building covers this prominent corner plot in Lancaster Gate and is located in the most prime of locations being parallel to Hyde Park.