Maslow Capital provided a €2.706 million refurbishment loan secured against a freehold commercial property on Streatham High Street, London. The funding supports the borrower’s plans to convert the upper residential units into a hotel, leveraging an already granted C1 (hotel and guest house) planning permission.

Project & Borrower Background

The property is a mixed-use commercial asset, consisting of:

• Ground floor: A gastro pub, which has already been refurbished and remains in operation.
• Upper floors: Previously residential accommodation, now undergoing conversion into a hotel.

The borrowers are experienced operators in the sector and will oversee the transformation to create a high-yielding hospitality asset in a prime London location.

Key Highlights & Market Demand

• Prime location – Situated on Streatham High Street, the property benefits from proximity to local amenities and transport links.
• Excellent connectivity – Located just 0.1 miles from Streatham Hill Station, offering direct travel to Euston and St Pancras within 30 minutes.
• High-yielding asset – With the gastro pub already refurbished and trading, the hotel conversion will further enhance the property’s income-generating potential.
• Strong borrower credentials – The project is led by experienced developers with a proven track record in commercial property development and hospitality.

Results

Maslow Capital’s 12-month refurbishment loan enables the borrowers to efficiently execute the hotel conversion, capitalising on the strong demand for accommodation in this vibrant area of London. Upon completion, the asset is expected to deliver high rental yields and long-term value appreciation.