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K N I G H T S B R I D G E
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Knight Frank
20 Hanover Square
London W1S 1HZ
Tel: +44 (0) 20 7629 8171
Direct fax +44 (0) 20 7409 7338
“These particulars are intended only as a guide and must notbe relied upon as statements of fact. Your attention is drawnto the Important Notice on the last page of the text”.
Jones Lang LaSalle Hotels
22 Hanover Square
London W1A 2BN
Tel: +44 (0) 20 7399 5633
Direct fax +44 (0) 20 7399 5694
A highly acclaimed traditional English hotelcomprising 47 air-conditioned guest-rooms andsuites within four intercommunicating periodbuildings, situated in an unrivalled positionoverlooking a tree lined garden square inKnightsbridge.
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SituationThe Franklin Hotel is located on Egerton Gardens, arguably one of London’s most
exclusive residential addresses, in the heart of Knightsbridge.
Harrods, Harvey Nichols and the numerous designer retail outlets on
Knightsbridge, Brompton Road, Sloane Street and Fulham Road are all within easy
walking distance of the hotel.
The Victoria and Albert and Natural History museums are close by, as are excellent
public transport links to the West End and City of London.
Knightsbridge (Piccadilly Line) and South Kensington (Piccadilly, District and Circle
lines) underground stations are nearby.
Heathrow airport is approximately 14 miles to the west, accessible via the A4/M4
or the Heathrow Express direct rail link from London Paddington main line station.
Gatwick airport is thirty minutes from London Victoria main line station which is a
five minute taxi journey from the hotel.
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The HotelThe hotel comprises the long leasehold interest in four intercommunicating red
brick terraced buildings dating from 1880.
The accommodation is laid out over lower ground, raised ground and five upper
floors. All floors, with the exception of the fifth, are serviced by two 4 person
(320kg) and one 6 person (500kg) Schindler passenger lifts and 3 internal
staircases.
The total gross internal area (includes internal structure but not outside walls) of
the property is approximately 2,259 sq m (24,279 sq ft).
The Franklin Hotel opened in September 1992, within 3 buildings, 24, 26 and 28
Egerton Gardens, London SW3. Internally the buildings were taken back to the
external walls and fully redesigned to include new services, 35 fully air-conditioned
guest-rooms and suites, common areas and back of house space. Number 22
Egerton Gardens was subsequently acquired in 1996 refurbished and incorporated
into the hotel to provide 47 guest-rooms and suites in total. The property is now
subject to a continual programme of repair and renewal which ensures the current
private owners exacting standards are maintained.
The hotel website can be seen at www.franklinhotel.co.uk.
The AccommodationThe floor plans and photography within these sale particulars best illustrate the
scale, layout and style of the accommodation.
The existing accommodation totals 47 air-conditioned guest-rooms and suites.
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Letting Accommodation Breakdown
Room Type Number of Bedrooms Rack Rate
Small Single Rooms 2 £98
Single Rooms 8 £160
Double Rooms 12 £190
Queen Doubles 5 £210
Deluxe Double Rooms 6 £250
Garden Rooms 8 £275
Deluxe Garden Rooms 6 £325
Total 47
All bedrooms have full air-conditioning, en suite marble bathroom
(45 with shower and bath and 2 with shower only), dual line direct
dial telephone with voicemail and dataport, mini bar, room safe and
satellite television.
All rates are exclusive of Government Value Added Tax and breakfast and
are valid from 1 September 2004.
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In additionLower Ground Floor
Dining room providing 36 covers and capable of subdivision to provide flexible function or
conference facilities.
Kitchens, well equipped with stainless steel commercial catering equipment.
Ladies and gentlemen’s wc’s.
Staff locker and utility room. Staff shower and rest room/canteen.
Housekeeper’s office. Maintenance office. Boiler house.
Raised Ground Floor
Reception with management office to rear.
Morning room, with casual seating for approximately 8 persons.
Drawing room, which opens directly out to the gardens, providing casual seating for
approximately 10 persons.
Bar area (currently operated on the basis of an ‘honesty bar’) provides seating for approximately 12.
The BusinessRevenue Statistics
2000 2001 2002 2003 2004
Total Revenue £3,331,139 £2,766,692 £2,681,511 £2,380,566 £2,740,354
AARR* £195.57 £189.29 £185.85 £176.53 £187.69
Occupancy 86.37% 74.35% 74.02% 68.01% 74.10%
*AARR - Average Achieved Room Rate
Please note the revenue statistics apply to the calendar year (Jan - Dec) and 2004 comprises 5
months budget and 7 months actual.
A complete and comprehensive information pack is available to genuinely interested parties upon
application to the Joint Sole Selling Agents upon signature of a Confidentiality Agreement.
TenureThe property is held on the residue of a lease from The Wellcome Trust (formerly The Trustees of
Henry Smiths Charity), expiring December 2068 (64 years remaining).
The current rent passing is £120,000 per annum which was set in 1989.
The next rent review is in September 2008, then 2015 and then 10 yearly thereafter.
The rent review is to be to 1.5% of freehold value.
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Lower Ground Floor
Raised Ground Floor
Floor Plans
Not to scale
These plans are for guidance only and must not berelied upon as a statement of fact. Attention isdrawn to the Important Notice on the last page oftext of the particulars.
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First Floor
First Floor Mezzanine
Second Floor
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Third Floor
Fifth Floor
FourthFloor
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The RatesThe rateable value for the ‘Hotel and Premises’ at 22 -28 Egerton Gardens is
£380,000. We understand that the rates payable for the period 01/04/2004 to
31/03/05 will be £173,280. We suggest that interested parties make their own
enquiries to The Royal Borough of Kensington and Chelsea to confirm these figures
on 020 8315 2082.
Fire CertificateWe are advised that the property holds a current fire certificate in accordance with
the Fire Precautions Act 1971.
PriceUpon application to the Joint Sole Selling Agents, Knight Frank or Jones Lang
LaSalle Hotels.
ViewingViewing is strictly by prior appointment. Please contact:-
Robert Seabrook Dominic J Mayes
Jones Lang LaSalle Hotels Knight Frank
Tel: +44 (0) 20 7399 5633 Tel: +44 (0) 20 7861 1086
Fax: +44 (0) 20 7399 5694 Fax: +44 (0) 20 7409 7338
[email protected] [email protected]
Important Notice
1 No description or information given whether or not in these particulars and
whether written or verbal (information) about the property or its value may be
relied upon as a statement or representation of fact. Neither Knight Frank LLP or
Jones Lang LaSalle Hotels have any authority to make any representation and
accordingly any information given is entirely without responsibility on the part of
Knight Frank LLP, Jones Lang LaSalle Hotels or the seller.
2 The photographs show only certain parts of the property at the time they were
taken. Any areas, measurements or distances given are approximate only.
3 Any reference to alterations to, or change of use of any part of the property is not
a statement that any necessary planning, building regulations or other consent has
been obtained. These matters must be verified by the intending buyer.
4 Any buyer must satisfy himself by inspection or otherwise as to the correctness of
any Information given.
Photographs dated: 2002/2003
Particulars dated: September 2004
desi
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t:
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Dominic Mayes
Tel: +44 (0) 20 7629 8171
Robert Seabrook
Tel: +44 (0) 20 7399 5633
