PRIME CENTRAL LONDON AIRSPACE DEVELOPMENT OPPORTUNITY
Rare opportunity to develop new build apartments on the roof of an existing building, moments from Marble Arch and in a highly valued residential location. Full planning permission has been granted to provide eight residential units extending to a total net saleable area of 623 sq. m. (6,711 sq ft). The existing property comprises 118 apartments all sold off on long leasehold interests of 999 years from 1st January 2002.
A ground rent is payable to the Freeholder of £29,500 per annum, doubling every 25 years, for the first 100 years of the lease.
For sale freehold.