5 bed Flat For Sale £3,000,000
Queens Gate Place, London, SW7

Development Opportunity of a Lifetime to create a showstopping ground and lower ground maisonette located in one of South Kensington’s most exclusive addresses, a skip away from Hyde Park and Knightsbridge.

Having successfully gained permission from RBKC planning to convert this old school into a wow factor 3 bed / 3 bath designer duplex and a License to Alter lined up from the Freehold too (which TLC manage), the current owner is considering selling on this opportunity rather than completing the project themselves.

The have had the project fully specified and quoted for, by a reliable and trusted builder (Please email us for a copy of this), which would renovate the property, sympathetically in keeping with a period classical style, into a show stopping family home. See mood board photos to get an idea of the spec and standard this quote has been prepared to match. This comes in at under £800,000.

The current floorplan and also the approved proposed plans, granted by RBKC are attached. Some alternative layout plans have also been drawn by the current architect which are available on request too.

Including a communal hall area which has been already been secured for £100,000 from the Freehold, the flat measures at circa 3263 sq ft / 303 sq m.

Based on comparable sales which other ground and lower maisonette’s have achieved over the last 18 months in SW7 (please email us for comparables) you can expect that the finished renovated apartment to achieve between £1400 to over £2000/sq ft. You can base your numbers on this spread as conservatively or optimistically as you like but this will mean the flat would be worth at least £4,500,000 to as much as £6,500,000 once done. We believe £,5,500,000 to be a safe bet.

The current owners are willing to sell the opportunity on now for OIEO £3,000,000 : Well Under £1000/sq ft.

Non residential stamp should only be 136K (4.6%) at a purchase price of £3,000,000. Please ask your own solicitor and accountant for clarification. There is also possibility to pay zero stamp duty as the proeprty could be classified as non habitable currently.