Princess Beatrice House, Old Brompton Road, London SW10 – SOLD

32,857 sq ft

A rare opportunity to purchase a prominent and substantual freehold building, with potential for alternative uses. 

Investment Opportunity:

• Close to Earls Court Exhibition Centre and within The Bolton’s Conservation Area – one of the most sought after residential locations within London.
   
• An existing 32,857 sq ft (GIA) hostel with considerable scope for change of use by way of either conversion or redevelopment to a variety of alternative uses including; private residential, mixedtenure housing, sheltered housing, student housing, educational or medical, subject to the usual consents. 
   
• To be sold with vacant possession.
   
• Currently benefitting from a “personal” planning permission, therefore the building will revert to a “nil” planning use on vacant possession.
   
• The property is held freehold.
   
• Offers sought in excess of £10,000,000 (Ten Million Pounds) for our client’s freehold interest, subject to contract and exclusive of VAT. This would reflect a capital value of only £304 psf.

For further information contact a member of the team on 020 7734 7766