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COMMERCIAL

Wilbraham Place, SW1X

Guide Price
£1,375,000
STANLEY PROPRTY LONDON, Chelsea
PROPERTY TYPE
Residential Development
BEDROOMS
x2
SIZE
1,240 sq. ft.
(115 sq. m.)

Key features

  • 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

Property description

Revert to residential subject to planning?

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.

Brochures

Wilbraham Place, SW1X

Wilbraham Place, SW1X

NEAREST STATIONS

Distances 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

STANLEY PROPRTY LONDON, Chelsea

8 Milner Street, Chelsea, London, SW3 2PU

STANLEY PROPRTY LONDON, Chelsea

STANLEY PROPERTY LONDON have been doing the right thing by our clients and customers for over 30 years.

Our solution is simple.

We have transparent commission structures and make no extra charges to sellers or landlords.

For instance, long before it became law, we did not make any charges to tenants.

Administration throughout a transaction should all be part of the service and we never take referral fees or kickbacks.

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Industry affiliations

Association of Residential Letting AgentsNational Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)

Notes

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Disclaimer - Property reference 30417252. 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 STANLEY PROPRTY LONDON, Chelsea. 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 or the Home Report if in relation to a residential property in Scotland.

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