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Request details or call 0845 309 0813

Key features:

  • Attractive Building
  • Heart of Mayfair
  • Ideal for a Luxury Brand
  • Licence to Create Luxury Offices
  • Potential of Residential Usage

Full description:

Tenure: Leasehold

34 Grosvenor Square is a ‘landmark island’ attractive corner building located on one of London’s finest squares in the heart of Mayfair. The property is currently in shell condition ready to fit out to an incoming occupier’s specification set over lower ground, raised ground and 1st floors. The property comprises over 8,000 sq ft of B1/A2 space with potential for A1. The leasehold term has approximately 48 years remaining (ends in June 2057). A licence has been granted by the freeholder and head leaseholder to create a luxury office within the entire unit. Argent Design, a leading luxury design company co-owned by Tina Green and Nicola Fontenella, has been instructed to carry out the full refit and interior design in order to create one of London’s premier offices.

It is our opinion that, subject to the necessary consents the first floor and/or the ground and lower grounds of the property could be converted to residential usage.

The commercial unit also lends itself more directly to retail usage with lateral space in the new part of Mayfair village which has recently seen Mark Jacobs, Ballenciaga, Christian Louboutin, Scotts and other global retail brands take up occupation. As a unique Grosvenor Square retail site and with the proposed development of the American Embassy and the Naval Barracks, this precise location is ideal for a leading luxury brand.

Formerly the London headquarters of the Bankers Trust Company with its own flagpole fronted entrance, the current development consent includes disabled access, the installation of a passenger lift (goods lift already on-site), and a grand double volume entrance.

Lower ground, raised ground and first floor offices totalling 8,010 sq ft Usage - B1/A2 with potential for A1

Currently in shell condition

Licence to create luxury offices with two lifts

3 x car parking spaces held on long lease

Approximately 48 years remaining on the lease (ends June 2057)

Business rates - £37,075 (RV - £265,000)

Service charge - £12,000 pa Ground rent -

£5,000 pa ERV between £60 psf and £125 psf dependent on floor

To view this property or request more details, contact Copperstones Ltd, London
If you have other questions about this property, please telephone: 0845 309 0813 (BT 4p/min)

Disclaimer

Property reference 113712. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Copperstones Ltd, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 and The Home Information Pack Regulations 2007.

Marketed by...

Copperstones Ltd, London

2 Crawford Place, London, W1H 5NA

Call 0845 309 0813 (BT 4p/min)

Map and local area information

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Nearest stations:
London Underground logo (0.3 miles) 
Bond Street
London Underground logo (0.3 miles) 
Marble Arch
London Underground logo (0.5 miles) 
Green Park
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