Office for sale

Upper Grosvenor Street, London W1K

Freehold Mayfair townhouse arranged over six floors
Comprising 9,343 sq ft: Offices (basement to second
floor) + a residential apartment (third and fourth floors)
Offices stripped out ready for Cat A+ refurbishment
Rare freehold opportunity in one of London most
tightly held neighbourhoods
Key features
tenure

Rare freehold Mayfair asset on the Grosvenor Estate.
Freehold townhouse building in the heart of Mayfair
Substantial building: 9,343 sq ft across six floors
Dual-use: Commercial offices + residential apartment.
Estimated rental value (office use): £1,500,000 p.a
Listed building

The property is not listed.
Planning & development
potential
VAT

No VAT payable.
Ideal for conversion to prime residential use (subject to
planning permission) or luxury office refurbishment.
Sdlt

Sdlt is payable at the reduced commercial rates, not more than 5%.
Upper Grosvenor Street sold for £45,000,000 in January
2023.
Permitted use and opportunity to reposition as:
High-end single-family residence
Prime Central London apartments (1 per floor)
HQ office

Offers for the freehold interest are invited in
excess of £25,000,000.
Existing Value: £27,500,000
Gross Development Value: £50,000,000
(subject to planning permission being obtained