Town House for sale

Lancaster Gate, Bayswater, London, UK

£28,800,000

Property Description

Full description

Tenure: Freehold

Paddington Estates are instructed to sell this freehold site containing two white stucco fronted seven-storey Grade II listed buildings, located within the Bayswater Conservation Area. This unique development opportunity comprises of 25,000 SqFt with views over Hyde Park. The building would be suitable for a hotel or residential development, subject to the necessary consents. Planning permission for conversion to 10 luxury apartments was recently withdrawn as the owner did not agree with the £3.6m affordable housing contribution payment. Nearby, 'The Lancasters' development sold out at upto £3,500 Per Square Foot. Should this prime trophy property achieve £2,500 Per square Foot, it would offer a Gross Development Value of £62.5M.

Property ref: 121_2004_4543063


More information from this agent

Listing History

Added on Rightmove:
27 November 2017

Nearest stations

  • Lancaster Gate (0.1 mi)
  • Queensway (0.4 mi)
  • Bayswater (0.4 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Paddington Estates Limited, London

10 Sale Place, London, W2 1PX

020 7262 4242 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Lancaster Gate (0.1 mi)
  • Queensway (0.4 mi)
  • Bayswater (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Paddington Estates Limited, London

10 Sale Place, London, W2 1PX

020 7262 4242 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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