Palacegate Casino is an exceptional Grade II* listed freehold property in prime Central London, overlooking Hyde Park and Kensington Gardens. It was originally built as a prominent Victorian townhouse for John Forster, a friend and biographer of Charles Dickens, in the 1860s. The c. 13,357 sq ft (1,241 sq m) detached freehold property now comprises an award winning restaurant, whisky bar and four separate gaming rooms. Benefitting from Sui Generis planning use the property would also be suitable for a number of alternative uses, subject to securing the necessary planning consent.

In addition to a change of use, there are alternative future asset management opportunities available at Palacegate Casino including: refurbishment and rebranding, licence extension or transfer and partnership with complimentary luxury brands and service providers.

It is located in the affluent area of Kensington, and provides easy access to Kensington Palace, Hyde Park and the Serpentine.

Paul Breen, Director in Licensed Leisure team at Savills, comments: "Opportunities to acquire a casino business which has such a strong trading history at the same time as purchasing an iconic piece of prime Central London real estate are incredibly rare. With a variety of different asset management angles to explore we anticipate a broad range of interest from UK based operators and investors as well as those based overseas."

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Savills plc published this content on 25 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2022 15:36:08 UTC.