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Plaza Park County Hall Hotel, Addington Street
For sale
£425,000

Plaza Park County Hall Hotel, Addington Street, SE1 7RY

1bedroom
1bathroom
Hotel Roomtype
334sq ft
Share of Freeholdtenure

Listed 13 days ago · Lambeth

How the price compares

This home£425,000£1,272 per sq ft
Median 1 bed in SE1£495k63 homes listed · £997 per sq ft
Difference-14%below the area median

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

Floorplan 1

Location

Skip map

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.

AddressTypeSoldPrice
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

Monthly repayment£2,126£42,500 deposit · £382,500 loan
Stamp Duty£11,250England rates

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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