Town House For Sale
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), with a proviso not to sublet the premises as 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 a 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 will be entitled to an additional Rent Review in order to determine the capital sum. Further details can be provided upon request.
Development Opportunity : Approx 8,500ft² : Lease ends 24.07.2123 : Ground Rent £47,000 (Commercial)