KENSINGTON T HE OPPORTUNITY • The property has served as the Kingdom of Netherlands • Located close to the royal residence Kensington • A proposed scheme provides a net residential sales area Embassy since 1953 and offers the potential to redevelop Palace and the occupants of Kensington Palace Gardens, of 6,800 sq m (73,195 sq ft) over 18 private residential to provide an internationally significant super prime central recognised as London’s most exclusive address. apartments with enviable lateral accommodation (subject London residential development (subject to planning). to planning). • A generous 0.47 acre (0.19 hectare) site with extensive • A super prime central London residential development panoramic views over Kensington Gardens and Hyde Park, • A proposed scheme delivers exclusive concierge and opportunity (subject to planning) in the Royal Borough of two of the 8 Royal Parks of London. security services with 18 secure basement car parking Kensington and Chelsea located adjacent to Kensington spaces, gym, swimming pool and spa. Gardens. • An extremely rare opportunity to acquire a landmark freehold in Kensington bordering Knightsbridge, home to London’s most exclusive residential and business addresses and globally renowned retail destination. T HE LOCATION THE BOROUGH IS HOME TO MANY MUSEUMS, GALLERIES, EXHIBITIONS AND OTHER CULTURAL AND ARTISTIC INSTITUTIONS AND VENUES. THERE ARE THREE MAJOR NATIONAL MUSEUMS LOCATED IN SOUTH KENSINGTON; THE SCIENCE MUSEUM, THE NATURAL HISTORY MUSEUM AND THE VICTORIA AND ALBERT MUSEUM. Prime Development Opportunity T HE LOCATION The propety is located in the exclusive Royal Borough of Kensington and Chelsea. The area is bound by Notting Hill and Holland Park to the North; by Brompton and Knightsbridge to the East; by Chelsea and Earls Court to the South and Hammersmith to the West. The area has historically been home to London’s social elite, and the principle landowners of the Duke of Westminster and the Earl of Cadogan retain control over much of areas such as Knightsbridge, leading to an exceptional and unrivalled local environment. The borough is also home to major international businesses which are attracted to the area by the ease of access to the West End, City and Canary Wharf. From a retail perspective, Knightsbridge to the East is defined in the London Plan as one of the 2 International Centres in London identifying the area as a globally renowned retail destination with enviable public transport accessibility. Due to this flagship stores such as Harvey Nichols and Harrods are located here, and the luxury global fashion designers such as Jimmy Choo, Bvlgari, Gucci and Roberto Cavalli have located stores here. The Royal Borough of Kensington and Chelsea is home to London’s most iconic super prime residential developments with the world famous Candy and Candy One Hyde Park scheme, the Squire and Partners designed The Knightsbridge, and the De Vere Estates De Vere Gardens Scheme. L OCATION M AP A4204 Kensington Gardens Hyde Park igh St on H 38 ngt nsi Ke A315 Knightsbridge Knightsbridge 0 1 3 High St B Kensington Queen’s Gate A4 A3216 Pont St Marloes Rd B319 C h e s h B Sloane St a r o m m Cromwell Rd S 18 p t 32 t A4 A o n Queen’s Gate A3217 Cromwell Rd R d Gloucester Rd South Kensington A 3 Sloane Ave 2 2 0 Sloane Square Earl’s Court Old Brompton Rd A3216 Draycott Pl Fulham Rd A ERIAL M AP BOND STREET BUCKINGHAM PALACE MAYFAIR MANDARIN ORIENTAL HARVEY NICHOLS SLOANE SQUARE HYDE PARK SERPENTINE ONE HYDE PARK HARRODS ROYAL ALBERT HALL NATURAL HISTORY MUSEUM 38 KENSINGTON GARDENS C ONNECTIVITY LONDON’S TRANSPORT SYSTEM IS WORLD RENOWNED FOR IT’S CULTURAL AND HISTORICAL HERITAGE. ALTHOUGH RETIRED FROM WIDE SCALE USE IN LONDON THE QUINTESSENTIALLY ENGLISH DOUBLE DECKER ROUTEMASTER ENDURES, WITH VEHICLES IN USE IN COUNTRIES SUCH AS CHINA, MALAYSIA AND CANADA AMONGST OTHERS. LONDON IS ALSO PROUD TO HAVE HAD THE FIRST, URBAN UNDERGROUND RAILWAY IN THE WORLD WHICH HAS GROWN AND DEVELOPED INTO THE ICONIC LONDON UNDERGROUND SYSTEM. Prime Development Opportunity C ONNECTIVITY Kensington benefits from excellent transport links providing easy access to the West End, City and Canary Wharf via the London Underground (District and Circle lines) at High Street Kensington station within 10 minutes walk of the property. Transport links will be further improved across central London by Crossrail from 2018 onwards, providing enhanced journey times between Heathrow Airport, the West End, the WEST END City and Canary Wharf. 9 mins CANARY WHARF International travel is provided by Heathrow Airport which is 26 mins less than 30 minutes drive to the west. 38 CITY AIRPORT CENTRAL 33 mins Location Distance Tr a v e l T i m e LONDON HEATHROW 29 mins West End 2.2 Miles 9 Minutes (3.5 Kilometres) City 4.5 Miles 18 Minutes (7.2 Kilometres) Canary Wharf 7.6 Miles 26 Minutes (12.2 Kilometres) GATWICK 57 mins Location Distance Tr a v e l T i m e Heathrow Airport 15.1 Miles 29 Minutes ( Kilometres) London City Airport 11 Miles 33 Minutes ( Kilometres) Gatwick Airport 36.3 Miles 57 Minutes ( Kilometres) T HE S ITE 38 HYDE PARK GATE OVERLOOKS KENSINGTON GARDENS AND HYDE PARK WHICH ARE TWO OF THE EIGHT ROYAL PARKS OF LONDON. THESE PARKS COMBINE TO MAKE UP ALMOST 620 ACRES OF OPEN SPACE IN THE HEART OF LONDON. Prime Development Opportunity 38 Hyde Park Gate London SW7 5DP T HE S ITE The property is registered under Title No 454532. A copy of the Title Register and Title Plan is available on the data room. S helter The freehold site extends to 0.47 acres (0.19 hectares) and is bounded by Hyde Park Gate to the North and West. To the South the property adjoins 39 Hyde Park Gate. The HYD E PA Shelter site has extensive views across Hyde Park to the North. RK GA KENS TE INGTON R 14.1m OAD 14.5m Shelter The immediate area is predominantly residential in character, with a number of luxury residential homes and high profile apartment schemes. a 4 5 3 5 4 a 3 5 5 The site benefits from vehicular ingress & egress for a gated drive offering private 2 5 Broadwalk House 6 secure parking, this can be accessed from both Kensington Gore and Hyde Park Gate. 7 3 5 t o 8 8 3 6 2 o t 1 E T A G K R A P E D 9 H Y Y H D E P A R a 5 K 3 G A T E 3 9 8 4 3 6 E C A L 9 P 4 RESTON 1 3 8 4 1 6 HYDE PARK EWS GATE M 1 t o 1 4 2 0 0 3 C h a n c e l l o 1 4 r H t o o 0m 10m 20m 30m 2 u H 4 YD TE s E PARK GA e 5 9 4 4 2 2 Ordnance Survey © Crown Copyright 2014. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250 This plan is published for convenience of identification. Any site boundaries shown are indicative only and should be checked against Title Deeds. ES753998 T HE S ITE THE EXISTING PROPERTY 38 Hyde Park Gate was originally built as a red brick mansion block around the start of the twentieth century in the Queen Anne style. The property extends to 6,997.9 sq m (75,235 sq ft) GIA arranged over basement, ground and 6 upper floors as detailed in the schedule: Floor Sq m Sq Ft Seventh 201.3 2,167 Sixth 602.9 6,490 Fifth 800.4 8,615 Fourth 861.6 9,274 Third 878.4 9,455 Second 878.7 9,458 First 872.7 9,394 Ground 950.8 10,234 Basement 951.1 10,238 Total 6,997.9 75,235 P LANNING THE ROYAL BOROUGH OF KENSINGTON & CHELSEA HAS 35 CONSERVATION AREAS WHICH COVERS OVER 70% OF ITS AREA. IT ALSO HAS SOME 3,800 BUILDINGS LISTED FOR THEIR SPECIAL ARCHITECTURAL OR HISTORICAL IMPORTANCE. Prime Development Opportunity P LANNING DP9 have provided a planning report which considers the potential in planning terms for alternative uses on the site, including conversion and redevelopment of the existing building. The key conclusions of the report include: • Personal planning permission was granted in March 1953 for use of the basement, ground, first, second and third floors for the purposes of the Royal Netherlands Embassy and Consulate. The upper floors have not been the subject of a change of use and are believed to have remained in lawful residential use since the buildings original construction. • The site is the subject of the following designations on the Core Strategy Proposal Map: - The site falls within the Queensgate Conservation Area; - The site is within the Air Quality Management Area; and - The site is designated as an Area of Metropolitan Importance. • The building is not listed. • There is no policy contained in the Core Strategy or UDP which resists the loss of Embassies. However, the supporting text of saved UDP Policy E29 states that where diplomatic use ceases in a building which was formerly in residential use the Council will require its return to full residential use unless re-occupied by another diplomatic user. RBKC’s priority on vacation of the Embassy will be for the building to be converted to residential. • The site benefits from good transport accessibility (PTAL 5) and would be suitable to high trip generating uses. Therefore whilst RBKC would seek the building to be converted to residential, there may be potential for the site to accommodate office and/or hotel uses.