MARYLEBONE, LONDON - 98 BED SHORT STAY ACCOMMODATION WITH POTENTIAL FOR HOTEL USE - BEST & FINAL OFFERS 17:00 FRIDAY 21 AUGUST 2026
Marylebone, London
Ref: 51542
Leasehold
1 / 13
Key Features
Location
The Phoenix is located in the Marylebone area of Central London, a chic residential district with a village feel, centred on the independent boutiques and smart restaurants of Marylebone High Street. The area is well-known as the home of Madam Tussauds Waxworks Museum, the Sherlock Holmes Museum and the Wallace Collection.
Marylebone is served by a number of London underground stations, with The Phoenix nestled between Marylebone (Bakerloo Line) and Edgware Road (Bakerloo Line; Circle, District & Hammersmith City Lines). Marylebone also provides national rail services along the Chiltern Main Line to Birmingham. The major transport hub that is Paddington Station is also nearby. The property lies a stone's throw from Marylebone Road, one of Central London's most pivotal arterial ring roads.
Marylebone is served by a number of London underground stations, with The Phoenix nestled between Marylebone (Bakerloo Line) and Edgware Road (Bakerloo Line; Circle, District & Hammersmith City Lines). Marylebone also provides national rail services along the Chiltern Main Line to Birmingham. The major transport hub that is Paddington Station is also nearby. The property lies a stone's throw from Marylebone Road, one of Central London's most pivotal arterial ring roads.
Property
The Phoenix is a three-storey former public house which is now utilised for short stay accommodation. The property is situated along Daventry Street, neighbouring a selection of independent retailers.
GROUND FLOOR
- BAR: Central bar servery.
- GENTLEMEN'S TOILETS.
- LADIES' TOILETS.
- 19 BED DORM ROOM.
- 5 BED DORM ROOM.
FIRST FLOOR
- 6 BED DORM ROOM.
- 8 BED DORM ROOM.
- 12 BED DORM ROOM.
- 15 BED DORM ROOM.
- 3 SHOWER CUBICLES.
- 3 WCS.
SECOND FLOOR
- DOUBLE BEDROOM.
- 6 BED DORM ROOM.
- 7 BED DORM ROOM.
- 7 BED DORM ROOM.
- 12 BED DORM ROOM.
- SHOWER AND WC ROOM.
- 2 SHOWER CUBICLES.
- WC.
BASEMENT
- TWO STOREROOMS.
- CHILLED BARREL STORE.
- LAUNDRY ROOM.
- STAFF ROOM WITH SHOWER AND WC.
EXTERNAL
- ROOF TERRACE.
GROUND FLOOR
- BAR: Central bar servery.
- GENTLEMEN'S TOILETS.
- LADIES' TOILETS.
- 19 BED DORM ROOM.
- 5 BED DORM ROOM.
FIRST FLOOR
- 6 BED DORM ROOM.
- 8 BED DORM ROOM.
- 12 BED DORM ROOM.
- 15 BED DORM ROOM.
- 3 SHOWER CUBICLES.
- 3 WCS.
SECOND FLOOR
- DOUBLE BEDROOM.
- 6 BED DORM ROOM.
- 7 BED DORM ROOM.
- 7 BED DORM ROOM.
- 12 BED DORM ROOM.
- SHOWER AND WC ROOM.
- 2 SHOWER CUBICLES.
- WC.
BASEMENT
- TWO STOREROOMS.
- CHILLED BARREL STORE.
- LAUNDRY ROOM.
- STAFF ROOM WITH SHOWER AND WC.
EXTERNAL
- ROOF TERRACE.
The Business
The Phoenix operates as a short-stay accommodation provider.
It is our understanding that net turnover for the year ending 2025 stood at £455,000, generating a net profit in the region of £50,000. Further accounts can be made available following a formal viewing. We are of the opinion that subject to planning permission, The Phoenix could be converted to provide a boutique hotel offering, focused at the £120 - £150 per night market.
There is also the potential to convert the bar to provide a further bedroom on the ground floor.
It is our understanding that net turnover for the year ending 2025 stood at £455,000, generating a net profit in the region of £50,000. Further accounts can be made available following a formal viewing. We are of the opinion that subject to planning permission, The Phoenix could be converted to provide a boutique hotel offering, focused at the £120 - £150 per night market.
There is also the potential to convert the bar to provide a further bedroom on the ground floor.
Tenure
LEASEHOLD £150,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
The Phoenix is held on a full repairing and insuring 20 year lease agreement from a private landlord commencing 18 July 2023. The lease falls inside the Landlord & Tenant Act 1954. Rent is £80,000 per annum. The lease is free-of-tie.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
The Phoenix is held on a full repairing and insuring 20 year lease agreement from a private landlord commencing 18 July 2023. The lease falls inside the Landlord & Tenant Act 1954. Rent is £80,000 per annum. The lease is free-of-tie.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A Premises Licence is held.
Services
All mains services are connected.
Rateable value: £74,000
Local Authority: Westminster City Council
Rateable value: £74,000
Local Authority: Westminster City Council
Enquire about this listing
Robert Cockayne
South East & London
