Map
Please note: Locations and addresses are approximate and may not be as accurate as expected.
Details
An elegant Grade II listed freehold detached property comprising three buildings and a large private garden to the rear. The property is arranged across lower ground, ground and four upper floors. The existing accommodation includes 32 apartments: 12 studios, 18 one bedroom and 2 two bedroom apartments and a management suite. The property extends to a total floor area of 13,335 sq ft (1,239 sq m) NSA / 16,327 sq ft (1,517 sq m) GIA
The asset presents an exciting opportunity to significantly drive rents by comprehensively refurbishing the existing accommodation.
Passing rent of £430,299; 25 x apartments let on ASTs; 1 x studio is held on a regulated tenancy; 2 upper floor apartments are currently vacant & 4 lower ground floor apartments are being held vacant • Estimated Rental Value of £515,000 when fully let, assuming existing configuration
Planning
Application reference: 6/04185/FULL
Planning status: Detailed Planning Permission
Decision date: 01/02/2017
Application details:
The following planning permission was granted in February 2017 and an application to extend the permission was more recently granted in March 2020:
Internal and external works of repair and alteration comprising extensions to the rear of the buildings at lower ground and ground floor, rebuilding of the mansard roof storey, insertion of a passenger lift, landscaping to the rear garden and use of the three buildings as 24 self-contained residential apartments (Class C3).
There is further development potential to create four
attractive mews houses to the rear of the building, subject
to the usual consents.