A freehold site with planning permission for a £50m GDV residential-led development in South Kensington, London, has hit the market.
The Kendrick Mews site is currently arranged across five residential apartments, two mews houses plus office and community space, which together measure approximately 24,000 sq ft.
The site has planning permission for six three-bedroom mews houses, one three-bedroom apartment and one one-bedroom apartment, as well as office space, community floorspace and a garage.
Nick Alderman, head of Central London land at Knight Frank, which has been appointed to market the opportunity alongside joint agent Frost Meadowcroft, said: “This is a rare opportunity to acquire a prime central London development site on which to create an exclusive private residential enclave in the heart of South Kensington. The new homes residential market in prime Central London is currently facing an acute shortage of supply, partially as the result of tougher planning policy.
“Given this site already benefits from planning permission and has the potential to be enhanced further through scheme optimisation, we anticipate very strong market interest.”
