park street MAYFAIR W1 Attractive office building for sale with residential development opportunity

Transcription

1 park street MAYFAIR W1 Attractive office building for sale with residential development opportunity

2 Comprising nearly 8,500 sq ft (GIA) over seven floors. This is a wonderful opportunity to purchase a classic Mayfair property. The original interior designed by the former creative director of Candy & Candy for the pervious occupier. The accommodation has just been redecorated by the current owner, including low cost lighting where possible, overhauled air-conditioning, heating and Category 5 cabling.

3 Park Street is located directly opposite the Grosvenor House Hotel between the junctions of Mount Street and Upper Grosvenor Street. Located 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, and there is an abundance of restaurant, retail and hotel facilities close by. Local Occupiers 1. Grosvenor House 2. The Dorchester 3. The Connaught 4. Claridges 5 Selfridges 6. Le Gavroche 7. Harry s Bar 8. Scott's PARK LANE Marble Arch Park Street North Audley Street South St OXFORD STREET Upper Brook Street Brook St PARK LANE 6 Farm Street Charles Street Bruton Street Conduit Street Upper Grosvenor Street Grosvenor Street Maddox Street Reeves Mews Adams Row HYDE PARK 2 GROSVENOR SQUARE Mount Street South Audley Street 5 Bond Street 3 Curzon Street Davies Street 4 NEW BOND STREET OLD BOND STREET Bolton Street Half Moon St Bruton Place BERKELEY SQUARE Berkeley Street GREEN PARK Oxford Circus HANOVER SQUARE PICCADILLY Regent Street Savile Row Green Park

4 Opposite the Grosvenor House Hotel Grade II listed with retained features Convenient mix of grand and more functional space Attractive Victorian red brick terrace Air handling and central heating Cat 5 cabling and Data VOIP enabled Paved garden

5 FLOOR SQ FT SQ M Fifth Fourth Third Second 1, First 1, Ground 1, Lower Ground 1, TOTAL 8, (approx) Click to see floor plans

6 Gross Internal Area (approx) 798 SQ M (8591 SQ FT) including under 1.5m 784 SQ M (8438 SQ FT) excluding under 1.5m Lower ground For identification and not to scale. Measured by Capital Group. Ground First Second Third Fourth Fifth PARK STREET Click to see accommodation table

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12 Terms 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. Viewing Strictly by prior appointment through joint sole agents: EPC Rating Rating of C - 73 LEASE Long Leasehold with approximately 106 years remaining (125 years from 24/06/1998). GROUND RENT Currently 47,000 per annum (review date 2013). PRICE Upon Application. Planning / User 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. John Vaughan john@primeportfolio.com Rupert Hoffen rupert@primepotfolio.com Paul Brewster pbrewster@mellersh.co.uk George Reynolds greynolds@mellersh.co.uk 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. These particulars are prepared as a general outline for prospective purchases or tenants and do not constitute nor form part of an offer or contract. They should not be relied upon as statements or representations of fact. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise, nor that any services or facilities are in food working order. All rents and prices quoted are exclusive of VAT where appropriate. (March 2017).