For Sale

Lot, Garage with planning permission for one bed mews house, 40 Lexham Gardens, London, W8 5JE

  • Area602 sq ft (56 sqm)
  • Sale Price£495,000

Amenities

  • Residential Development
  • C3 Use
  • Close to Kensington Palace
  • Good Transport Links
  • Benefits from Planning Permission
  • Prime Location
  • Resale figures of £1500 + per sq ft
  • GDV £900,000 - £1,000,000

Location

Lexham Gardens forms a prestigious area off the east side of Marloes Road.The development is situated at the junction of Lexham Gardens and Lexham Gardens Mews. Lexham Gardens is located in Kensington is a short walk from Gloucester Road (0.5 miles) and Earls Court (0.4 miles) Underground stations and is also within easy reach of London’s world famous Museums and Theaters, Hyde Park, Harrods and shopping facilities.

Description

The site configuration consists of a triangular garage with frontage to Lexham Gardens and access from Lexham Garden Mews, part of the site is occupied by a timber built garage. Planning permission was granted for demolition of single storey garage and redevelopment with lower ground (basement) level to provide a one bedroom mews house. The development will create a ground/lower ground floor “Mews House” with a GIA of approximately 602 sq ft. The GDV of the development is under £1,000,000, assuming a price per sq.ft. of £1600. There is scope to enhance the GDV by applying for planning permission to increase the development from a one bedroom mews house to a two bedroom mews house STPP.

Use Class C3 - Dwelling Houses Tenure type

Vacant

Service Charge

To be confirmed.

Rates Payable

Available upon request

EPC

Available upon request

Tenure

Residential Development Opportunity with Planning Permission- (Ref: PP/17/06844).

Viewing

By appointment with Goodsir Commercial

Documents

Agents

Paul Goodsir
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