Park Street, London W1
Comprising nearly 8,500 ft² (GIA) over seven storeys, this is a wonderful opportunity to acquire this former Residential Land headquarters, interior designed by Brigitta Spinocchia. The current use, under the lease, is business or professional offices (not government or diplomatic offices), not to sublet the premises in more than 6 units. When advised last, there is provision for Alternative Use (Schedule 4) in which a capital sum is payable to the Landlord, The Grosvenor Estate, upon service of the Residential Notice. This is a sum equal to 20 times the ground rent payable under the lease at the time of the giving of the Residential Notice. Should the Rent Review be outstanding at the time of service of the notice, the Landlord shall be entitled to an additional Rent Review in order to determine the capital sum. The property is currently let to a high end fashion house until 11 March 2018. Further details can be provided upon request.
Development Opportunity : Approx 8,500 Ft² (GIA) Over Seven Storeys : Current Use Is Business Or Professional Offices : Not To Sublet The Premises In More Than 6 Units : Balcony : 2 Patios