TypeOffice · Development - Residential · Office Development Land · Office Investments
TenureFor sale
In summary, the opportunity highlights are as follows:
Freehold mixed use property investment
Prime Pimlico location
Offices and 3 residential flats
GIA of 733.47 sq m (7,895 sq ft)
NIA of 341.51 sq m (3,676 sq ft)
NSA of 243.15 sq m (2,616 sq ft)
Approximate Income of £83,900 pa
Development potential for residential (C3) and commercial uses (E)
Offered subject to existing tenancies or with vacant possession
The property comprises a purpose built 1980s building over three and four storeys of brick elevations under a mansard roof. Windows are single glazed powder coated aluminium. Access to the property is via a secure, gated undercroft leading to a courtyard. The property is separated into No. 7; an office at ground floor and three storeys above comprising 3 self contained flats. No. 8 Comprises 4 storeys of offices, formerly occupied by the vendor. The offices generally have solid, carpeted floors, painted plaster walls and solid plastered ceilings with fluorescent strip lighting. Floor to ceilings heights are approximately 2.28 metres. The flats are well-maintained with carpeted, vinyl or engineered wood floors and painted plaster walls and ceilings. The property is served by mains electricity, gas, water and drainage. Each building and flat has its own boiler and utility meters. Both buildings have a passenger lift. The offices have wall-mounted air-conditioning.
The property is located on Hatherley Street, on the edge of the prestigious Vincent Square in Pimlico, Westminster. The area is renowned for its excellent transport connections as well as the amenity of Victoria, Pimlico, Knightsbridge, Sloane Square and Vauxhall, all within walking distance. Public transport connections are excellent with Victoria Station located 500 metres to the north west providing access to London Underground (District, Circle and Victoria lines) as well National Rail services. Pimlico underground station is located 500 metres to the south and provides the Victoria Line services. A number of local bus services are provided at the end of the street on Vauxhall Bridge Road. The property fronts onto the west side of Hatherley Street. It adjoins the four storey Vincent Square Mansions to the north and a four storey residential building to the south. It backs onto a single storey Salvation Army Hall and a terrace of three/four storey buildings with ground floor retail and residential uppers.