231 Brompton Road, London SW3 2EP & Flat 1, 71 Egerton Gardens

RARE KNIGHTSBRIDGE RETAIL & RESIDENTIAL OPPORTUNITY AVAILABLE WITH FULL VACANT POSSESSION

231 Brompton Road, London SW3 2EP & Flat 1, 71 Egerton Gardens, London SW3 2BY

SHARE OF FREEHOLD

231 Brompton Road, London SW3 2EP 3 & Flat 1, 71 Egerton Gardens, London SW3 2BY

EXECUTIVE SUMMARY

• Prime location in Knightsbridge on the world famous Brompton Road.

• Prominently situated 325m west of Harrods close to the Brompton Quarter within a parade including Divertimenti, The Good Earth, Café Grand, L’Opera and L’Eto.

• A substantial retail shop over ground and basement comprising 1,904 sq ft / 176.9 sq m.

• An un-modernised self-contained 1st floor, 2 bedroom apartment comprising 1,080 sq ft / 100.3 sq m.

• All floors benefit from excellent floor to ceiling heights.

• Share of freehold.

• Available with vacant possession.

• Rare opportunity for owner occupiers and investors with substantial potential to improve.

• We are instructed to seek offers in excess of £6,000,000 (Six million pounds), subject to contract, which equates to;

• Retail shop - £4,000,000 (Four million pounds)

• Residential - £2,000,000 (Two million pounds) 231 Brompton Road, London SW3 2EP 4 & Flat 1, 71 Egerton Gardens, London SW3 2BY

This rare retail and residential opportunity is located at the hotels and restaurants help maintain some of the highest LOCATION centre of one of London’s finest luxury retailing and residential land values in London. districts within the London Borough of Kensington & Chelsea. Several of London’s premier hotels are in Knightsbidge, Knightsbridge is undoubtedly one of the world’s most including the Mandarin Oriental Hyde Park, the Jumeirah exclusive residential addresses. The proximity to the core Carlton Tower Hotel, The Lanesborough, The Berkeley, The West End and City business markets, the extensive local retail Sheraton Park Tower Hotel and the Bulgari Hotel. offer, the amenities of Hyde Park and numerous prestigious 231 Brompton Road, London SW3 2EP 5 & Flat 1, 71 Egerton Gardens, London SW3 2BY

CONNECTIVITY Knightsbridge is served by numerous public transport links with Knightsbridge and South Kensington underground stations both within close proximity to the subject property, providing access to the Piccadilly, Circle and District lines which provide a direct link to the Sloane Street Retail West End and Heathrow Airport.

Brompton Road (A4) represents the main east-west road linking Central London with West London, Heathrow Airport, the M4 corridor and the M25.

Numerous bus routes and taxis operate along Brompton Road.

Bulgari Hotel

Mandarin Oriental Hotel

Sloane Street Retail 231 Brompton Road, London SW3 2EP 6 & Flat 1, 71 Egerton Gardens, London SW3 2BY

KNIGHTSBRIDGE RETAIL Knightsbridge’s rich retail heritage dates back to the arrival of Harrods and Harvey Nichols. Established as a business in 1824, Harrods moved to Knightsbridge in 1849. The present building which is an international landmark was built in 1884 and occupies a five acre site. Harvey Nichols opened for business on the junction of Sloane Street and Knightsbridge in 1813 and the existing store, opened in 1880.

Today, these two iconic department stores anchor one of the most famous retail districts in the world. The retail offer is also enhanced by the presence of a number of stand-alone luxury stores located on both Brompton Road and Sloane Street including Burberry, Gucci, Hermès, Louis Vuitton, Chanel, Emporio Armani, Mulberry, Nespresso flagship, Patek Phillipe, Porsche Design and Kartell, to name a few.

As a retail location, Knightsbridge is comparable to the leading shopping streets in the world, including the likes of Fifth Avenue, New York; Ginza, Tokyo; Avenue Montaigne, Paris and Via Montenapoleone, Milan. Many of these locations share a common characteristic – the proximity of luxury shops to exclusive homes.

Knightsbridge is set to be further enhanced by Chelsfield and The Olayan Group’s redevelopment of the 3.5 acre Knightsbridge Estate situated between Harrods and Harvey Nichols which will provide a mix of world class retail accommodation comprising 7 flagship stores, 70,000 sq ft of Grade A offices and 35 apartments around an internal courtyard with a rooftop restaurant.

Prime rental values in Knightsbridge are currently circa £850 Zone A compared with circa £1,100 Zone A on Oxford Street and circa £1,600 Zone A on Old Bond Street. 231 Brompton Road, London SW3 2EP 7 & Flat 1, 71 Egerton Gardens, London SW3 2BY

KNIGHTSBRIDGE RESIDENTIAL Knightsbridge benefits from some of the most exclusive and valuable properties in the world. As a result its reputation as being a highly secure location to purchase property arguably makes the area immune to economic cycles. In addition, with the majority of the area falling in a Conservation Area planning restrictions limit opportunities for new build development.

We understand prime residential values in the area are currently circa £2,500 per sq ft - £6,000 per sq ft. In addition, rental demand in Knightsbridge remains extremely high. Buy-to-let investors are prepared to yield a return of 2% - 3% on their investments in exchange for capital growth.

One Hyde Park 231 Brompton Road, London SW3 2EP 8 & Flat 1, 71 Egerton Gardens, London SW3 2BY

SITUATION The property is situated within the “Brompton Quarter” sub-district between Knightsbridge and South Kensington. The Natural History Museum and the Victoria & Albert Museum are within close proximity.

The immediate surrounding area is known for being one of the most desirable parts of London to live with its array of luxury retail shops, design based retailers and high-end restaurants and cafés. 231 Brompton Road, London SW3 2EP 9 & Flat 1, 71 Egerton Gardens, London SW3 2BY

and third floor which have their own entrance in The floor to ceiling height is outstanding at 3.58 DESCRIPTION Egerton Gardens. metres (average) on the ground floor and 2.75 metres (average) on the basement. The interest for sale consists of share of Freehold The retail shop extends from Brompton Road with vacant possession of the retail shop and through to Egerton Gardens on both the ground The residential apartment comprises a grand the first floor two bedroom apartment. The floor and the basement and benefits from access open-plan reception room, separate kitchen and subject property comprises a mid-terraced from Egerton Gardens at both ground and two large bedrooms with high ceilings throughout building providing retail premises on ground basement levels. and excellent natural light from both Brompton floor and basement fronting Brompton Road The Brompton Road frontage is fully glazed Road and Egerton Gardens. plus 3 residential apartments over first, second and internally there is a lift between the floors.

Blue line for indicative purposes only 231 Brompton Road, London SW3 2EP 10 & Flat 1, 71 Egerton Gardens, London SW3 2BY 231 Brompton Road, London SW3 2EP 11 & Flat 1, 71 Egerton Gardens, London SW3 2BY

Blue line for indicative purposes only 231 Brompton Road, London SW3 2EP 12 & Flat 1, 71 Egerton Gardens, London SW3 2BY

TENURE ACCOMMODATION Share of Freehold. The property has been measured and provides the following net internal accommodation:

A note confirming the interest for sale is available upon request. 231 BROMPTON ROAD AREA FEET & INCHES METRES GROSS FRONTAGE 21’9” 6.63 PLANNING INTERNAL WIDTH 19’11” 6.07 Located within the London Borough of Kensington SHOP DEPTH 35’4” 10.77 & Chelsea, we understand the property is not listed, however, it does fall within a Conservation Area. FLOOR SQ FT SQ M We understand 231 Brompton Road benefits from A1 GROUND FLOOR 834 77.48 (Retail) use. BASEMENT 1,070 99.40 TOTAL 1,904 176.88

Ground floor ceiling height (average) - 3.58 metres Basement ceiling height (average) - 2.75 metres

FLAT 1, 71 EGERTON GARDENS FLOOR SQ FT SQ M FIRST 1,080 100.33

REFURBISHMENT The Property offers an excellent opportunity for investors and owner occupiers through refurbishment. 231 Brompton Road, London SW3 2EP 13 & Flat 1, 71 Egerton Gardens, London SW3 2BY

EPC VAT PROPOSAL 231 Brompton Road has an Energy Performance We understand the property is elected for VAT. We are instructed to seek offers in excess of Certificate Rating of D (83). £6,000,000 (Six million pounds), subject to contract, which equates to; Flat 1, 71 Egerton Gardens has an Energy Performance Certificate Rating of D (63). Retail shop - £4,000,000 (Four million pounds)

A copy of the full reports are available upon Residential - £2,000,000 (Two million pounds) request.

CONTACT For further information or to arrange a viewing, please contact the sole agents:

Richard Wolfryd Barry Marshall Chaim Aziz [email protected] [email protected] [email protected] +44 (0)20 7266 8500 +44 (0)20 7266 8500 +44 (0)20 7266 8500 +44 (0)7711 822 588 +44 (0)7968 037 643 +44 (0)7970 824 292

DISCLAIMER: The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute or constitute part of an offer or contract. All descriptions, dimensions, reference to condition and necessary permissions for use and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact, but must themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Estate Office has an authority to make or give any representation or warranty whatsoever in relation to this property. Nov-18.