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3 bedroom house for sale
Pavilion Road, London, SW1X
£2,800,000
Pavilion Road, London, SW1X
£2,800,000
Our Summary
- A rare opportunity to acquire a consented development opportunity in the heart of Knightsbridge
- Planning permission was granted in 2018 and implemented in 2022 for demolition of the existing two-storey mews house and replacement with contemporary two storey mews with mansard and basement level accommodation (The Royal Borough of Kensington and Chelsea Ref: PP/18/03620)
Description
This rare opportunity presents a consented development site in the heart of Knightsbridge, situated near Harrods and Sloane Square. The property is located just 0.3 miles from Knightsbridge Station and 0.5 miles from Sloane Square Station, making it easily accessible by public transportation. Planning permission was granted in 2018 and implemented in 2022 for the demolition of the existing mews house and replacement with a contemporary two-storey mews with basement level accommodation. The proposed development totals 2,409 square feet and is currently occupied by a 2-bedroom house rented out for £108,000 per annum. The property is being sold freehold, with an estimated CIL liability of £103,000, although this can be waived if the development is for the buyer's primary residence. The vendor is seeking offers in excess of £2,800,000, subject to contract.