‘Exciting’ prime Midtown development opp seeks buyer


Mixed-use proposition in Holborn involves a landmark Edwardian Baroque building.

A significant mixed-use development opp has been brought to market in London’s Holborn district.

Watling Real Estate has been instructed to sell the landmark property fronting Southampton Row, which involves two distinct elements: Carlisle House, a Grade II listed Edwardian Baroque detached building of around 18,000 sq ft; and air rights over the Crossrail/TfL Fisher Street access shaft and headhouse.

Planning consent granted in 2020 – soon to expire – allows for the creation of a linked eight-storey extension spanning across both titles, incorporating an 85-room hotel with bar, restaurant and an additional nine resi units. A separate consent – now expired – was granted in 2015 for a 22 unit resi scheme in an eight- to nine-storey building over the Crossrail site.

Carlisle House was originally built as a hotel, but over the years has seen a range of uses, including a public house, resi, education and offices.

Joint fixed charge receivers Nathan Pask and Andrew Foster have been appointed, the price is on application.

Watling Real Estate was created in June by a management buyout of the real estate restructuring division of Avison Young. The 20-strong firm, which has bases in London, Birmingham, Manchester, Leeds and Bristol, is backed by Bassi Capital, a private family office.

Matthew Southall, an associate in the firm’s London office, described the “exciting” instruction as a “multi-faceted real estate asset with a number of potential options available to an incoming investor/developer.”

Particulars here