Property

Unique Grade II listed office building for sale, vacant at the moment, owned by an SPV, with enormous potential for residential conversion and development.

Comprising nearly 8,600 sq ft (GIA) over seven floors. This is a wonderful opportunity to purchase a classic Mayfair Mansion.

The property in Park Street was built in 1895 in the Queen Anne – Jacobean Style and retaining many originals features to include a grand entrance hall and staircase, ornate carved architrave, and plaster ceiling.

Convenient mix of grand and more functional space, attractive Victorian red brick terrace, with overhauled air- conditioning and central heating, Cat 5 cabling and Data VOIP enabled, low-cost lighting where possible. The house also enjoys the benefit of a 38 ft, landscaped garden.

The property is in the heart of Mayfair, one of the most prestigious locations in London. Green Park, Marble Arch and Bond Street underground stations are within walking distance.

This is an ideal investment opportunity for a variety of users; owner occupiers as well as residential developers with a change of use option in the lease. Long Leasehold with approximately 100 years remaining (125 years from 1998). Ground Rent: currently circa £50,000 per annum.

Offer in excess of £14,000,000 (the property is owned by an SPV and can be sold as such, or as an asset).

The approximate gross internal area of the building is nearly 8,600 sq ft (GIA) over seven floors.

The current use under the lease is business or professional offices (not governmental or diplomatic), and the lease allows sub-letting in up to 6 units of occupation. However, there is also an automatic provision for alternative use in which a capital sum is payable to the Landlord upon service of the Residential Notice to the Grosvenor Estate. This is a sum equal to 20 times the ground rent at the time.

Viewing: Qualified buyers strictly by prior appointment only.