Commercial Property in Millwall available for sale
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Hostel for Sale near Millwall, London

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Hostels for Sale Within 5 miles of the Millwall, London

More details for 628-634 Commercial Rd, London - Hospitality for Sale

Panda House - 628-634 Commercial Rd

London, E14 7HS

  • Hospitality for Sale
  • £10,000,000
  • 15,232 sq ft

London Hospitality for Sale - Docklands

Panda House is a hostel (Use Class Sui Generis) comprising 59 en-suite units with shared communal space, arranged over 4 floors (LG, G, first and second floors), extending to approx. 15,232 sqft / 1,415 sqm (GIA). The building is situated on Commercial Road in Limehouse, East London, minutes away from the thriving hub of Canary Wharf. The building occupies an island site, and currently operates as a hostel. The property is subject to a lease expiring December 2029 at a rent of approx. £873,000. Lapsed planning consent for a new build scheme to provide 109 rooms (approx 41,883 sqft GIA) over 7 storeys plus lower ground. There is scope to repurpose the existing building and/or explore alternative living uses such as Co-living or PBSA, subject to obtaining the necessary consents. The building can be sold with Vacant Possession if required.

Contact:

GLPG Ltd

Property Subtype:

Hostel

Date on Market:

07/11/2025
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