Plaza Park County Hall Hotel, Addington Street, SE1 7RY
Listed 13 days ago · Lambeth
How the price compares
Key features
- Historic three-year average net return of 8.7% on the asking price
- Hands-free investment, managed by the hotel operator
- 999-year lease with a share of the freehold
- South Bank location opposite the Houses of Parliament
- Waterloo station and the London Eye on the doorstep
- Hotel occupancy averaged 82.5% in 2025
- Strong guest ratings, including 8.6 on Booking.com and 9.2 on Expedia
About this home
A hands-free hotel suite investment on the eleventh floor of Park Plaza County Hall, one of London's best-located 4-star hotels, on the South Bank directly opposite the Houses of Parliament.
THE INVESTMENT
Income: over the last three full financial years (2023 to 2025) the suite produced average net income of £37,081 a year, a net return of 8.7% on the asking price of £425,000. These figures are historic and do not allow for the hotel levy introduced in January 2026. Past income is not a guide to future income and is not guaranteed. Further income information is available on request to genuine applicants.
Hands-free: the suite is let to hotel guests as part of the hotel's room inventory and run by the hotel operator. There are no tenants to find, no lettings to manage and no day-to-day involvement for the owner.
Real income, not pooled: income comes from the profit the suite itself generates, after the hotel's operating costs, and is paid to the owner by the owners' management company. It is not pooled with other owners.
Long lease and a share of the freehold: held on a 999-year lease from 1 January 2005, with a share of the freehold through the owners' management company.
An established model: the hotel has been trading since 2007, with a long-term management agreement in place to 2033.
THE HOTEL
Park Plaza County Hall is operated by PPHE Hotel Group under the Park Plaza brand. It has almost 400 suites and rooms over fourteen floors, arranged around a glazed central atrium. Facilities include 24-hour reception, concierge and security, the Atrio restaurant and bar, a café, a gym with sauna, steam room and spa, and seven meeting and event rooms, the largest taking up to 100 guests. The building is air-conditioned throughout.
TRADING
These are hotel-wide figures and not a guide to the income of an individual suite. - Average occupancy of 82.5% in 2025 - July 2026 occupancy of 98.0% and August 2026 reached 96.4% - 2025 gross operating profit conversion of 49%, the highest of any UK PPHE hotel, and a Revenue Growth Index of 105.5. - Strong guest ratings, including 8.6 on Booking.com and 9.2 on Expedia.
LOCATION
Waterloo station is on the doorstep, with the Bakerloo, Jubilee, Northern and Waterloo & City lines, and Westminster is a short walk across the river. The London Eye, Big Ben, Houses of Parliament, Westminster and the West End are all within walking distance or a short journey.
Property details
- Property type
- Hotel Room
- Size
- 334 sq ft / 31 sq m
- Council tax band
- Exempt
- Tenure
- Share of Freehold
Floorplan
Location
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1 on this map
- Waterloo Station0.2 mi
- Lambeth North Station0.2 mi
- Waterloo East Station0.3 mi
What nearby homes sold for
Median sold prices in SE1 over the last 12 months: flat £550k · terraced £840k · semi-detached £1.04m · detached £755k.
| Address | Type | Sold | Price |
|---|---|---|---|
| Suite 318, 1, Addington Street London SE1 7RY | Flat Leasehold | 20 Jul 2026 | £297,500 |
| Suite 815, 1, Addington Street London SE1 7RY | Flat Leasehold | 12 Dec 2025 | £267,500 |
| Suite 1230, 1, Addington Street London SE1 7RY | Flat Leasehold | 1 Dec 2025 | £230,000 |
| Suite 226, 1, Addington Street London SE1 7RY | Flat Leasehold | 31 Oct 2025 | £290,000 |
| Suite 1015, 1, Addington Street London SE1 7RY | Other Leasehold | 21 Oct 2025 | £320,000 |
| Suite 727, 1, Addington Street London SE1 7RY | Other Leasehold | 1 Oct 2025 | £330,000 |
| Suite 910, 1, Addington Street London SE1 7RY | Flat Leasehold | 7 Aug 2025 | £192,500 |
| Suite 318, 1, Addington Street London SE1 7RY | Flat Leasehold | 27 Jun 2025 | £290,000 |
| Suite 428, 1, Addington Street London SE1 7RY | Other Leasehold | 8 May 2025 | £250,000 |
| Suite 1323, 1, Addington Street London SE1 7RY | Other Leasehold | 24 Jan 2025 | £267,500 |
Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in SE1
Buying costs
Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.
Listed by London Link Properties, London on Rightmove (original listing). First listed 26 Oct 2026; details checked 7 Nov 2026. Latest change: added on 26/10/2026.
Agent disclaimer
Disclaimer - Property reference 306214. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by London Link Properties, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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