Savills | Lillian Penson Hall, Talbot Square, London | Property for sale
Excess of £55,000,000

Lillian Penson HallTalbot Square, London

  • Under offer
  • Sole agency
  • Freehold

Key features

  • The property will be sold freehold with vacant possession

Prime Central London Student Accommodation Repositioning Opportunity, Located 100 Metres from Paddington Station.

About this property

  • An extremely rare opportunity to purchase a prime zone 1 London student accommodation property with asset management opportunities. 313 student bedrooms with facilities in a building with a total area of approximately 9,511 sq m (102,377 sq ft) (GIA) over lower ground, ground and six upper floors. 100 metres from Paddington Station, which provides access to Bakerloo, Circle and Hammersmith & City London Underground lines, national rail, Heathrow Express and the newly opened Elizabeth Line (Crossrail). The property benefits from planning permission for extensions to, upgrading and reconfiguration of the existing accommodation and an additional storey to take the total number of student bedrooms to 330. Total proposed area 9,760 sq m (105,057 sq ft) GIA. Opportunity to explore alternative uses to take advantage of the buildings existing configuration, including hotel, hostel and Co-Living, amongst others, subject to the necessary consents.

Local information

  • Lillian Penson Hall is located at the northern end of Talbot Square, a traditional London Garden Square populated by mature London plane trees and fronted on 3 sides by white stucco period properties.
  • Paddington Station is 100 metres to the north of the property and is the gateway to London from the south west and west of England and Wales, as well as Heathrow, the United Kingdom’s busiest airport.
  • This critical transport hub is also the western end of the Central section of the Elizabeth Line (Crossrail), which is providing additional transport capacity to London’s transport infrastructure network. It is, of course, the arrival point of one of the UK and the world’s most popular cultural phenomenon’s, Paddington Bear.

Additional information

  • Alongside it’s role as one of London’s most important transport nodes, Paddington has become a leisure, cultural and business destination in its own right with significant investment and development over the past 10 years. The stretch of The Regent’s Canal which passes through the area and past the station, has new homes, offices and a wealth of bars and restaurants that benefit from water frontage.