This property presents a compelling development opportunity in a highly sought-after area near Knightsbridge. Conveniently located just 0.3 miles from Knightsbridge Station and 0.5 miles from Sloane Square Station, the site benefits from excellent transport links and proximity to iconic landmarks such as Harrods and Sloane Square.
Currently, the site hosts a two-bedroom mews house, offering 1,223 square feet of existing living space. With planning permission granted in 2018 and implemented in 2022 for the demolition of the current structure, there is a clear path to replace it with a modern two-storey mews house featuring a mansard roof and basement level accommodation. The proposed development aims to expand the total gross internal area to approximately 2,409 square feet.
An attractive aspect of this investment is that the existing property is currently rented under an Assured Shorthold Tenancy (AST), generating an annual rental income of £108,000. This immediate cash flow can provide financial support while you navigate through the renovation or redevelopment process.
The freehold nature of the property adds another layer of value, with an estimated Community Infrastructure Levy (CIL) liability of £103,000—though potential relief may apply if the new development serves as a primary residence for an end user. This flexibility enhances its appeal as both an investment and a long-term residential opportunity.
Overall, this property provides not only significant renovation potential but also a strategic position within one of London’s most prestigious neighborhoods.
