Development Opportunity in Piccadilly, London W1

Photography

Key Details

Bedrooms: None
Bathrooms: None
Reception Rooms: None
Floor Area: 14624 sq ft
EPC Rating: F
Tenure: Freehold
Parking: Yes
Lift: Yes
Outside Space: No

Description

A rare opportunity to regenerate an impressive period building with development potential and residential planning permission in place. 139 Piccadilly is a Grade II listed building arranged over six floors, dating back to the mid-18th century. This grand, former townhouse offers over 14,000sqft of accommodation and showcases a smart period façade, beautifully preserved original features throughout, and far-reaching views over Green Park. It has most recently been used as an office building but is currently vacant from the ground floor up, with only the apartment at lower ground level occupied. This is an excellent opportunity for the regeneration of an impressive period building, and there is residential planning permission in place to convert the property back into a townhouse. There are four sizeable garages included within the sale, located on nearby Down Street Mews. Development potential The Property: The current use of the property is Use Class E and therefore could change use to: Retail: Display or retail sale of goods, other than hot food Restaurant: Sale of food and drink, for consumption on the premi 139 Piccadilly is a Grade II listed building arranged over six floors, dating back to the mid-18th century. This grand, former townhouse offers over 14,000 sq ft of accommodation and showcases a smart period façade, beautifully preserved original features throughout, and far-reaching views over Green Park. It has most recently been used as an office building but is currently vacant from the ground floor up, with only the apartment at lower ground level occupied. This is an excellent opportunity for the regeneration of an impressive period building, and there is residential planning permission in place to convert the property back into a townhouse. There are four sizeable garages included within the sale, located on nearby Down Street Mews. Development potential The Property: The current use of the property is Use Class E and therefore could change use to: Retail: Display or retail sale of goods, other than hot food Restaurant: Sale of food and drink, for consumption on the premises Leisure: Indoor sport, recreation or fitness Medical: Medical or Health Services Creche: Nursery or day centre Offices: Research and light industrial Residential Potential: Full planning permission was granted on 26 August 2015 for the change of use from office space (Use Class E) to a single family dwelling house (Use Class C3) The planning grants a rare opportunity to convert 139 Piccadilly into an impressive townhouse measuring circa. 15,339 sq ft The planning also grants for the excavation of a part basement, creation of terrace on the roof and creation of courtyard at the rear ground floor level Planning was granted under reference 14/11168/FULL and implemented on 29 May 2018 under reference 18/02453/CLEUD The listed building consent runs alongside the main planning application under reference 14/11168/LBC The development is free of any Section 106 or CIL contributions There is no affordable housing Value Add Opportunities: Each floor has exceptional floorplates of circa. 2,500 sq ft and with an existing lift the Property lends itself well for a subdivision of the property into apartments subject to necessary planning consent.

Accommodation

1 X Grade II Listed Building With Development Potential And Residential Planning Permission In Place : 4 Garages : Lift

Agent Contact

Knight Frank (Mayfair)

Telephone: +442074991012
Email: mayfair.sales@knightfrank.com