Firethorn has put One Bessborough Gardens near Vauxhall Bridge in London up for sale.
The landmark building was completed in 1988 and is rumoured to have previously been used as a training facility by MI5. The vacant building has been stripped back internally to its concrete frame, ready for redevelopment and repositioning.
The building suits a range of different uses, including luxury residential, hotel, hostel, co-living, embassy, museum or gallery use, subject to the necessary consents. A number of planning consents are already in place, including prior approval for conversion to 52 residential apartments under permitted development rights. The building also benefits from consent for an office extension.
Marcus Weeks, director and head of Firethorn Living, said: “Firethorn acquired One Bessborough Gardens off market with a clear strategy to unlock the building’s value potential through planning, repositioning and asset preparation. Having secured the key consents, we are now bringing this iconic asset to market in line with our business plan.”
Sonny Dawes, head of London development opportunities at JLL, which has been appointed to market the opportunity, added: “One Bessborough Gardens is one of the most distinctive redevelopment opportunities to come forward in central London this year. It combines a rare freehold position in SW1, an existing residential consent, flexible alternative-use potential and a fascinating former institutional history. With the building already stripped back to frame, it is ready for a purchaser to reposition the asset for its next chapter, whether that is residential, hospitality, co-living or an institutional use.”
