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Would you recommend your builder, plumber, electrician or carpenter?
messageEast Dulwich Hotelattachment
Posted by Flux capacitor January 05, 04:01PM

I recently walked passed the East Dulwich Hotel, which has been obviously left to rack and ruin. I believe this building could be put to good use.

Attachments: rsz_img_5996.jpg (214.8KB)  
messageRe: East Dulwich Hotel
Posted by DulwichFox January 05, 04:42PM

Shame about the exterior...
It's lovely inside.

https://images.oyster.com/photos/prague-suite--v6748266-720.jpg

Dulwich Fox

messageRe: East Dulwich Hotel
Posted by i*Rate January 06, 12:03PM

Whoever owns the property have put in for planning permission to have a row of new terrace houses built there, probably waiting for funding or whatever it takes to get things done? Details are on the Southwark planning applications website.

messageRe: East Dulwich Hotel
Posted by TheArtfulDogger May 08, 09:44AM

As I understand it, from the council, the demolition work will commence soon with conditions attached to prevent noise and mess outside the boundaries of the site

messageRe: East Dulwich Hotel
Posted by TheArtfulDogger May 16, 12:05PM

Looks like it's back up for sale

This was added yesterday

[www.rightmove.co.uk]

messageRe: East Dulwich Hotel
Posted by alice May 16, 12:27PM

Someoneís lost a lot of cash.

messageRe: East Dulwich Hotel
Posted by rahrahrah May 17, 09:49AM

Not necessarily. If they've got planning permission and had plans drawn up etc - then they may be selling it on to a developer for more than the bought it.

messageRe: East Dulwich Hotel
Posted by alice May 17, 11:11AM

Usually yes but prices have dropped.

messageRe: East Dulwich Hotel
Posted by mrwb May 17, 01:22PM

Anyone got the poa? If could be bothered would check land registry to see original purchase price.

messageRe: East Dulwich Hotel
Posted by JohnL May 17, 01:55PM

mrwb Wrote:
-------------------------------------------------------
> Anyone got the poa? If could be bothered would
> check land registry to see original purchase
> price.


An older thread from 2016 on this said 1.6m

[www.eastdulwichforum.co.uk]

messageRe: East Dulwich Hotel
Posted by EDmummy May 17, 05:46PM

Based on original price and potential selling price of new builds, could be a good investment although the places built on Upland Rd (Peel Court?) took and very long time to build and slow to sell so return could take a while.

messageRe: East Dulwich Hotel
Posted by Abe_froeman May 17, 06:15PM

Did those houses in Upland rd actually sell in the end?

messageRe: East Dulwich Hotel
Posted by alice May 17, 07:20PM

Couldnít find them on land registry

messageRe: East Dulwich Hotel
Posted by sheff May 23, 09:40AM

Itís being demolished today

messageRe: East Dulwich Hotel
Posted by mynamehere May 24, 08:50AM

It must have sold for about 1.95 million

messageRe: East Dulwich Hotel
Posted by Coman June 07, 09:24PM

Just came back from a jog and suddenly they had just demolished it.

I asked the Chinese restaurant guy when it happened. Only time I think I ever been to that particular takeaway. He said it was two years ago.

Relieved to read that it happened more like two weeks ago.

Felt like I was the crazy one for a moment there

messageRe: East Dulwich Hotel
Posted by Sue June 07, 09:33PM

Two years ago????

messageRe: East Dulwich Hotel
Posted by Coman June 07, 10:14PM

I was in all day May 23rd. Surprised I didn't hear it getting demolished

messageRe: East Dulwich Hotel
Posted by TheArtfulDogger June 08, 09:35AM

It wasn't demolished

It was stolen by clowns quietly overnight

messageRe: East Dulwich Hotelattachment
Posted by TheArtfulDogger August 26, 03:40PM

Out of curiosity I looked up the properties that formed the former east Dulwich hotel on the land registry

Believe it or not it sold for £325 thousand

Either it was the best ever sale of the century or something unusual went on with the amount declared to the land registry





Edited 2 time(s). Last edit was august 26, 03:44pm by TheArtfulDogger.

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messageRe: East Dulwich Hotel
Posted by Sue August 26, 08:49PM

Seems like some developer got a bargain then??

messageRe: East Dulwich Hotel
Posted by OutOfFocus August 26, 08:58PM

Was it sold before or after planning permission was granted. If before the purchaser would have taken some risk.

Presumably the buildings had negative value.

messageRe: East Dulwich Hotel
Posted by alice August 26, 09:06PM

Maybe but the land would be worth 4 times that



Edited 1 time(s). Last edit was august 26, 09:09pm by alice.

messageRe: East Dulwich Hotel
Posted by Lynne August 27, 09:34AM

Odd.

messageRe: East Dulwich Hotel
Posted by JohnL August 27, 12:24PM

This site shows three entries all on 13/02/2018

24-30 325K
26 325K
28-30 650K

[nethouseprices.com]

messageRe: East Dulwich Hotel
Posted by alice August 27, 12:36PM

Thanks J makes sense now

messageRe: East Dulwich Hotel
Posted by Penguin68 August 27, 02:59PM

So that would be £1.3m for the full run? Makes more sense than just £350k, considering what will have to be spent on them - and should offer a developer a tidy but not wholly exorbitant profit, considering the likely development time and cost of funding a loan. And remembering that this will be a taxable profit, (on what basis, capital gain or trading profit) depending on how the purchasing company is structured.



Edited 1 time(s). Last edit was august 27, 03:02pm by Penguin68.


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