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Studio, in Park Square East, £12,500,000
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0 bed property

Park Square East, Regent's Park, London NW1
Planning
£12,500,000

Our Summary

  • • Significant repositioning and alternative use potential, subject to the necessary consents
  • EXISTING ACCOMMODATION: The building has been stripped back to a shell condition PREVIOUSLY CONSENTED DEVELOPMENT SCHEME: In 2021, The Diorama received a resolution to grant planning permission, subject to a Section 106 Agreement, for a comprehensive refurbishment and repositioning of the building, including change of use from Sui Generis to office use, the creation of a new third floor and roof terrace, and extensive internal remodelling works
  • Although the consent has now lapsed, the scheme demonstrates the significant potential to sensitively reposition this landmark building
  • ALTERNATIVE USE POTENTIAL: Subject to the necessary consents, The Diorama offers significant potential for a variety of alternative uses including: • Boutique Hotel • Private Members’ Club • Luxury Residential • Educational / Institutional • Hospitality & Cultural Uses The building’s large floorplates, exceptional volumes and landmark architectural character provide flexibility for a range of repositioning strategies

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Description

A Grade I listed Regency-style building, The Diorama, sits on the southern boundary of Regent's Park, overlooking Park Square. The property features striking Regency architecture, a significant heritage character, and a unique double-height reception with a central internal atrium providing excellent natural light. The interior boasts 17,047 sq ft of flexible open-plan accommodation, including 22,082 sq ft of gross internal area, on three floors.

The building benefits from a glass roof, a passenger lift, and off-street car parking, as well as access to a private landscaped garden. The property has a long leasehold from The Crown Estate for 125 years, with 118 years remaining. A previous planning consent has been granted for a comprehensive office redevelopment, additional massing, and a new roof terrace, subject to a section 106 agreement, while significant repositioning and alternative use potential remain, subject to the necessary consents.