Prime residential development opportunity

Planning permission granted for a prime residential development opportunity. Located in a quiet position 3-minute walk from the entrance to Kensington Gardens. It sits within Zone 1 and benefits from excellent transport links (PTAL 6a). The existing Property comprises a lower ground plus four-storey mid-terrace Victorian building, measuring approximately 7,471 sq ft (694 sq m) GIA. The Property was previously used as part-office accommodation and part-student hostel. The Property is partially occupied and has been operating entirely as an office since 2017, producing a rental income of £338,640 per annum. Planning permission (23/06144/FULL) has been granted for change of use from part-office and part-student hostel to create four luxury residential units, totalling 6,802 sq ft (632 sq m) NSA and 7,613 sq ft (707 sq m) GIA. The existing tenant’s have a 2-month rolling break clause allowing for full vacant possession to suit an incoming purchaser.