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Our Summary
- 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
- 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 dwellinghouse (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
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Description
This Grade II listed building at 139 Piccadilly, dating back to the mid-18th century, offers over 14,000 sq ft of accommodation and stunning views over Green Park. The property has been vacant from the ground floor up, except for the lower ground floor apartment, and has residential planning permission to convert it back into a townhouse. The building has a rich history and is located in the heart of Mayfair, surrounded by luxury hotels, restaurants, and shopping.
The property has development potential, with the option to change use to various classes, including retail, restaurant, leisure, medical, or offices. Additionally, there is value-add potential through subdivision of the property into apartments, subject to necessary planning consent. The property is well-positioned for all that Mayfair and the West End have to offer, with easy access to public transport links and the city's major landmarks.