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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 plot in the heart of Knightsbridge, mere minutes from Harrods and Sloane Square. The site, currently occupied by a two-bedroom house, has planning permission granted in 2018 and implemented in 2022 for the demolition of the existing property and replacement with a modern, two-storey mews house featuring a mansard and basement level. The proposed development will total 2,409 square feet, offering a unique chance to create a stunning and contemporary living space. The existing property is rented and produces £108,000 per annum, providing a lucrative income stream. The freehold property is being offered for sale with a guide price of £2,800,000, subject to contract, and comes with a CIL liability estimated at £103,000, although relief can be claimed if the development is intended as a primary residence.