The freehold of a prime residential redevelopment opportunity in Kensington, Central London, has hit the market.
The 0.2-acre site, which has an estimated GDV of £50m, is being offered with full vacant possession. The existing 20,717 sq ft, four-storey property was last used as an educational facility.
Planning permission was granted in September 2023 for a terrace of 10 private residential homes, comprising one two-bed and nine three- and four-bed properties.
Nick Alderman, head of Central London land at Knight Frank, which is marketing the opportunity with Savills, said: “This is a unique opportunity to acquire a development site that has all the necessary planning approvals and is ready for immediate delivery in an undersupplied part of London. Given the nature of the opportunity and Ansdell Street’s prime location, in the sought-after borough of Kensington and Chelsea, means we expect strong interest from the outset.”
Tim Whitmey, head of Central London development land at Savills, added: “Consented development opportunities of this scale and quality, in such a prime RBKC location rarely come to the market. We expect strong demand from domestic and international developers and investors.”
