The freehold of a residential building in the City of Westminster has hit the market with a £15m price tag.
The site at 137 Grosvenor Road comprises 10 bedrooms, 12 bathrooms, six reception rooms and an indoor swimming pool. A positive pre-application, outlines the potential conversion and redevelopment of the property from a single residential dwelling into a 23,443 sq ft scheme offering 12 apartments.
There is also the opportunity to purchase the existing property for owner-occupier purposes. The site is being offered with full vacant possession.
The current owner bought the land in the 1980s and subsequently built the existing house on it.
Nick Alderman, head of Central London land agency at Knight Frank, which has been appointed to market the opportunity, said: “This property is completely unique and enjoys a first-class riverside location and a fascinating history. It possesses significant development or refurbishment potential and would make an excellent investment proposition – either for an owner-occupier looking for a one-of-a-kind home, or a developer seeking to create a boutique residential scheme in one of London’s most prestigious locations.”
