Grosvenor gardens house presentation

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Grosvenor gardens house presentation

  1. 1. Grosvenor Gardens House Belgravia, London SW 1
  2. 2. Location
  3. 3. Historical Highlights• In the late 18th century, the area around Victoria gained the mark of desirability and the first major development produced the main components of the current street plan. The architect who oversaw the redevelopment on the Grosvenor Estate, and designed the street frontages of most of the buildings was Thomas Cundy III.• In 1867 The Builder reported that the seventh plot on Grosvenor Gardens, allotted to the Belgrave Mansion Company for the erection of Belgrave Mansions (later re-named Grosvenor Gardens House) a mansion house based upon the Continental idea of ‘Hôtel meublés’, was mostly complete.• According to English heritage- The Queen’s mother was reputedly she was born at her parents Westminster home **of Belgrave Mansions, Grosvenor Gardens (or in a horse-drawn ambulance on the way to a hospital). ** http://en.wikipedia.org/wiki/Queen_Elizabeth_The_Queen_Mother
  4. 4. Key Investment HighlightsPremium Location• Located on the North side of Grosvenor Gardens on the edge of the Belgravia Estate• Surrounding area is undergoing significant redevelopment/upgrade which is expected to act as a significant driver on current residential prices• Rare freehold title in this area of LondonAdvanced redevelopment Plan• Detailed redevelopment plan to convert the building into 45 luxury apartments with retail areas, wellness & Spa, Cinema, 2 Restaurants & 55 underground parking spaces• Planning permission is low risk due to the freehold and the requirement for Westminster Council to create more residential living space• Residential apartments will be serviced by the 5 star Goring HotelSignificant Investment Opportunity• The redevelopment plan will provide expanded residential space which should achieve a premium price in a highly desirable and developing area**• The project is being lead by OAKVEST Limited (the ‘owner investor’), an established UK based property designer and developer with considerable experience & existing properties under management in Grosvenor Gardens• Opportunity in project valuation uplift through planning & development 2.5x GDV
  5. 5. Project HighlightsRedevelopment• The intention of the redevelopment scheme is to ‘sympathetically’ return the building to its original use, a ‘first class’ serviced apartment mansion block• The intended scheme will see the creation of c.45 luxury apartments of different sizes ranging from one to four bedrooms• The scheme provides for 83,000 sq ft of Residential living, 13,000 sq of high end retail & 12,500 sq ft of other facilitiesPlanning• Westminster council’s core strategy policy CS 14 identifies residential use a priority across the borough and specifically encourages the change of use from office to residentialThe Professional Team• Development management- Medici (www.42-44gg.com/)• Financial Advisor- The Private Office (www.Theprivateoffice.ch )• Master Plan Architect- Studio K/Paul Davies & Partners(http://www.pauldavisandpartners.com/ )• Planning Consultant- Gerald Eve (www.geraldeve.com/)• Quantity Surveyor- Bruce Shaw (www.bruceshaw.com/)• Structural Engineer- Pringuer James Consulting (http://www.pjce.com)• Architectural Historian- Donald insall Associates (www.insall-lon.co.uk)
  6. 6. Contact Us46-48 GrosvenorGardensLondonSW1W 0EBUK0207 811 3855

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