Current Instructions

Residential Development

Weymouth Street, Marylebone, London W1W

Available
DESCRIPTION
  • A rare opportunity to acquire a prime, consented residential 
  • conversion in the heart of Marylebone. 
  • Within walking distance of Regent’s Park, Oxford Street and the amenities of Marylebone Village and Harley Street. 
  • Situated on part of the ground floor of Stone House, a landmark period building on Weymouth Street, London W1. 
  • Formerly occupied as a medical clinic, the unit is offered in shell and core condition extending to approximately 202.3 sq m (2,178 sq ft). 
  • Permitted development rights have been granted for conversion to a substantial lateral three-bedroom apartment, with all principal rooms benefiting from generous proportions and excellent natural light.
  • Local agents advise a Gross Development Value of £4,500,000, reflecting circa £2,066 per sq ft.
  • CIL liability of approximately £140,226.
  • To be sold with vacant possession on a new 999-year lease at a peppercorn rent with the necessary consents in place. 
PROPOSAL

Guide Price : £2,500,000
subject to contract

CAPITAL VALUE

£1148 psf

Prime residential refurbishment opportunity in Central London
Key features
0.2 miles from Great Portland Street Station
2,178 sq ft (202.3 sq m)
Permitted development rights for conversion to a 3 bed apartment
GDV of £4,500,000
Capital Value of £1,148 per sq ft
Subscribe