Wilbraham Place, SW1X
- Class E (New) Commercial Space
- Ground Rent Payable - £250 pa
- Optional Service Charge - £1,700 pa
- Rates Payable (21/22) - £22,704.50
- Rates exempted until 30th June 21
- Not VAT Registered
- Residential Potential*
- * SUBJECT TO PLANNING
- Close to Sloane Square Underground
This property has approx. 87 years of a 125 year lease remaining. Drafted as a residential lease, it is understood to have originally been a residential unit.
Spanning the building from front to back, access is via both Wilbraham Place and Ellis Street allowing for the possibility to create two separate units.
In recent years it has been successfully operating as a B1 registered co-working centre.
The logical knock-on effect of new legislation (Class E) is that failing retail spaces can (and likely will) convert into offices, thereby freeing up those residential properties, which have been used in latter years as office space, to revert to their original residential use.
Whilst planners are not necessarily yet formally conceding the point, we believe councils now have no logical argument against allowing this type of naturally residential property to revert to residential use again.
The space is approx.1,240sqft/115.2sqm plus 157sqft/14.6sqm of vaults, accessible only from the premises, which are un-demised but have been used exclusively for many years.
BrochuresWilbraham Place, SW1X
Wilbraham Place, SW1X
NEAREST STATIONSDistances are straight line measurements from the centre of the postcode
- Sloane Square Station0.1 miles
- Knightsbridge Station0.5 miles
- Victoria Station0.6 miles
About the agent
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