Spacious Savoy-adjacent flat with concierge and hotel access — high running costs..
Large lateral 1,169 sq ft apartment with high ceilings and hardwood floors
Full 24-hour concierge and communal lift; private entrance from Savoy Court
Private door to Savoy Hotel facilities; potential premium short-term appeal
Long lease (170 years) — straightforward for mortgage and saleability
Service charge circa £30,000 pa — extremely expensive, reduces net yield
Very expensive council tax — adds to annual ownership costs
Very slow broadband and communal heating system may limit modern lettings
Local crime recorded as very high; central tourist area with heavy footfall
This spacious two-bedroom lateral apartment in Savoy Court occupies the fourth floor adjacent to the Savoy Hotel, offering 1,169 sq ft of well-proportioned living space and high ceilings that feel unusually generous for central Covent Garden. The apartment benefits from a private entrance, 24-hour concierge, communal lift and the rare option to use some Savoy Hotel facilities via a private door — strong appeal for short-term rentals or premium corporate lets.
The layout includes a large reception, two double bedrooms (one en suite), a separate kitchen and laundry room — flexible for long-term tenants or a serviced-apartment conversion. The long lease (170 years remaining) and comprehensive concierge and maintenance regime simplify ownership and operations, with the service charge covering communal heating and day-to-day repairs.
Buyers should note material running costs: an extremely high annual service charge (circa £30,000) and very expensive council tax levels will affect net yield and ownership costs. Broadband speeds are reported as very slow; the building runs a communal heating and airflow system and has assumed wall construction without insulation, which could influence energy performance and future retrofit costs.
The flat is in the heart of Theatreland, moments from Charing Cross and Covent Garden transport hubs, restaurants and cultural amenities — high footfall, strong tourist demand and easy corporate letting. However, the immediate area records very high crime levels and is classed as a deprived, multicultural student neighbourhood, facts that investors and owner-occupiers should weigh alongside the property’s premium location and unique hotel-adjacent privileges.