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Eaton Place Penthouse, Belgravia (NEW)

For Sale with London House
An Impressive Period Penthouse With Significant Potential

Tenure: Share of Freehold
Guide Price: £4.85m
Property Size: 2,357 SQ. FT.
Brochure: Download
Floorplans: Download
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Property Summary

A 5th-floor apartment Penthouse situated in this coveted period building on the western terrace of Belgravia’s Eaton Place. The apartment has the benefit of a lower ground floor studio room as well as a resident caretaker. In need of refurbishment, we feel this property has significant potential. Any new buyer should look to make the most of the wonderful views along Eaton Place and towards the City of London.

Key Features

The property’s main spaces include:

  • Entrance hall
  • Reception room
  • Dining room
  • Kitchen
  • Two bedroom suites
  • Guest cloakroom
  • Two terraces
  • Store room
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Development Observations

This unmodernized penthouse flat is ideally located and could really be something special. The current owners have investigated the development potential and it benefits from 3 different planning approvals.

It appears that all the objections submitted at planning last year came from the Freeholders. They were only really objecting to the roof terrace, not the revised layout. So there is a relationship that needs healing before any work can progress on this apartment. Furthermore, the property appears to have been vacant for many years so there’s a possibility 5% VAT would be available on the
refurbishment of this property, significantly reducing the project costs and making this property more appealing than many others in need of work.

Janine Stone & Co.’s architectural department believes there is great flexibility in the way the layout could be addressed. Depending on the ambition and preferences of the new owner for the use of each area, the inherent views, space and light are all great natural assets to make a truly bespoke apartment.

The shared freehold and proximity to neighbours mean that a very well organized construction phase of the refurbishment would need to be implemented. The neighbours and other freeholders will have high expectations of the way this apartment’s rejuvenation will be managed and we at Janine Stone & Co. can ensure that they will be met.

Development Consultations

To assist interested buyers of this property to understand their full design and development options, Janine Stone & Co. is able to provide complimentary design concept and development consultations. It can be arranged for these consultations to take place at the property or in our London studio. Janine Stone & Co. will provide guidance on architecture, refurbishment and planning considerations, in addition to helping interested parties to develop their early design ideas, into floor plans with estimated project costs and timelines for realisation.

Should a successful acquisition take place, we would be happy to take these initial concepts, through to a full concept and subsequent planning, design and build phases.

Sales Contact
Alex Bourne, London House
Alex@LondonHouse.co.uk
020 7486 9665

Development Contact
Jeremy Spencer, Janine Stone & Co.
jeremy@janinestone.com
0207 627 5300