Knight Frank is handling the sale of Kingsway House and its neighboring property, 4 Great Queen Street, in London’s Covent Garden, with offers invited above £25 million. This prime location presents a unique chance to develop a premier hospitality venue in one of London’s most desirable neighborhoods.
Approved plans allow for the conversion of these buildings into an 80-room hotel, plus a commercial space, spanning over 51,000 square feet. The design preserves Kingsway House’s historic exterior, situated within the Kingsway Conservation Area.
Its proximity to Covent Garden, Soho, Seven Dials, and the West End makes this an ideal hotel site. London remains Europe’s top tourist destination, with Covent Garden drawing over 40 million visitors each year.
The location boasts exceptional transport links, just a minute’s walk from Holborn Station and earning the highest PTAL rating. Key hubs like King’s Cross St Pancras, Bond Street, and Piccadilly Circus are within five minutes, and Heathrow, Gatwick, and London City airports are all under 50 minutes away.
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According to James Bater, an associate at Knight Frank, “Opportunities to acquire a consented hotel development of this scale and quality in the heart of central London are exceptionally rare.” He highlights the site’s strong investment potential and its ability to generate long-term value through a high-quality, income-producing asset in a prime location.
The area’s lively mix of retail, top restaurants, and world-class entertainment further boosts the site’s appeal. This is expected to attract significant interest from investors seeking to benefit from London’s ongoing popularity as a global hub for leisure and business. The site’s excellent connectivity and growth prospects are additional draws.
Knight Frank’s role in this sale marks a notable event in London’s hospitality sector. Given their strong industry track record, Knight Frank is well-equipped to manage the sale of Kingsway House and 4 Great Queen Street.
