South Audley Street 51 - Savills UK | Property...

8South Audley Street

Hill Street

51&

London W1J 5NB

♦ 8 South Audley Street – an elegant Grade II listed building situated in a prominent position within Mayfair.

♦ 51 Hill Street – a new building constructed directly to the rear of 8 South Audley Street as ancillary residential accommodation with underground car parking for up to nine cars.

♦ The two buildings are registered under the same freehold title, but are subject to a full repairing and insuring lease, which was granted to the Governor-General of India for a term of 99 years from 25th December 1948.

♦ The Governor-General of India pays an annual rent of £5,750, which is fixed for the remainder of the unexpired term of the lease.

♦ The combined Gross Internal Area of both buildings is approximately 32,639 sq ft (3,032 sq m)

♦ The total freehold site area is approximately 0.19 acres (0.077 hectares)

♦ The property is for sale freehold, subject to the unexpired term of the occupational lease.

Executive Summary

Grosvenor Chapel Berkeley SquareThe Connaught Hotel

Mount Street Gardens The Ritz St James ParkSt James Square Green Park The Dorchester Hotel The Mall


Hill Street

51&

W2

W1

SW1

SW7

SW3

CITY OFWESTMINSTER

CITY OFWESTMINSTER

ROYAL BOROUGH OFKENSINGTON & CHELSEA

W2W1

KNIGHTSBRIDGE

THE SERPENTINE

BOND STREET

MARBLE ARCH

VICTORIA

ST JAMES’S PARK

VICTORIA STATION

PIMLICO

GREEN PARK

PICCADILLY CIRCUS

HYDE PARKCORNER

SOUTH KENSINGTON

GLOUCESTER ROAD

SLOANE SQUARE

K E N S I N G T O NG A R D E N S

H Y D E P A R K

G R E E N P A R K

BELGRAVIA

MAYFAIR

ST JAMES’S

CARNABY

SOHO

CHELSEA

A4 B319A

3216

A3216

CHELSEA BRIDGE ROAD

A3217

A3217

A3217

SLOANE AVENUE

A315 KENSINGTON ROAD

A302

A202

A202

BELGRAVE ROAD

LUPUS STREET

A308

FULHAM R

OAD

A4

A4

PICCADILLY

A4

OXFORD STREET

MOUNT STREET

UPPER GROSVENOR STREET

NEW BO

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CURZON STREET

PARK LANE

REGEN

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Location

South Audley Street runs through the west side of prestigious Mayfair, in the heart of London’s West End.

Mayfair has become one of the most desirable places to live and work in London. The retail offering is highlighted by the luxury and boutique brands that are located in this prestigious area. Bond Street and Mount Street are two of the most well regarded. The area is also characterised by numerous art galleries, antique dealers and niche retailers.

There are several Michelin stared restaurants within Mayfair as well as renowned hotels including The Connaught, Claridges and The Dorchester. Mayfair is bordered by two of central London’s most well known parks, Hyde Park and Green Park, as well as the popular areas of Soho, St James, Knightsbridge and Marylebone.

Mayfair continues to be one of London’s ‘golden postcodes’ for residential property and at the forefront of the super prime market that has evolved in recent years within the capital. Similarly, Mayfair remains a prominent and preferred destination for many leading national and international firms, as well as private equity houses and hedge funds.

The property benefits from excellent public transport accessibility with Green Park Underground Station (Victoria, Jubilee and Piccadilly lines) 800m to the south east, Hyde Park Corner Underground Station (Piccadilly line) 650m to the south west and Bond Street Underground Station (Central and Jubilee lines) 950m north east of the property.

Crossrail is set to deliver a new world class, high speed rail link across London by 2018. The Crossrail network is currently under construction and this will further improve the accessibility of the area. The Bond Street eastern ticket hall will be located in Hanover Square (1.1 km north east) and the new station will provide direct access to Heathrow (29 minutes), Canary Wharf (13 minutes) and Paddington Station (2 minutes).


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DescriptionThe property is situated on the corner of South Audley Street and Hill Street, encompassing a site area of 0.193 acres (0.078 ha). To the south the property is bounded by South Audley Street Car Park and to the east is The Ascott, a serviced apartment block. The property comprises two buildings; 8 South Audley Street and 51 Hill Street.

8 South Audley Street is a grand, Grade II listed Georgian townhouse known as the Nehru Centre which is arranged over lower ground, raised ground and four upper floors. This property comprises a mix of commercial and residential uses and equates to an approximate Gross Internal Area of 20,636 sq ft (1,917 sq m)2.

51 Hill Street is a modern, purpose built residential apartment block, offering additional accommodation to the Indian High Commission, arranged over lower ground and five upper floors. The Gross Internal Area of property equates to 12,003 sq ft (1,115 sq m) and includes underground car parking with a stacker system for nine cars, plus one additional space.

8 South Audley Street - GIA Floor by Floor

Sq Ft Sq MLower Ground Floor 3,492 324.41

Raised Ground Floor 3,625 336.76

First Floor 3,601 334.53

Second Floor 3,682 342.06

Third Floor 3,719 345.50

Fourth Floor 1,732 160,90

Vaults 785 72.93

Total 20,636 1,917.08

51 Hill Street - GIA Floor by Floor

Sq Ft Sq MLower Basement 2 2,630 244.33

Lower Basement 1 1,932 179.48

Ground Floor 1,190 110.55


Second Floor 1,362 126.53

Third Floor 1,362 126.53

Fourth Floor 1,218 113.15

Fifth Floor 932 86.58

Total 12,003 1,115.08

8 South Audley Street - NIA Commercial

Sq Ft Sq MLower Ground Floor 1,773 164.71

Raised Ground Floor 2,155 200.20


Pavement Vaults 551 51.19

Total 7,146 663.86

8 South Audley Street - GIA Residential

Sq Ft Sq M1 631 58.62

2 2,980 276.84

3 2,031 188.68

4 1,133 105.26

5 1,575 146.32

Total 8,350 775.72

51 Hill Street - GIA Residential

Sq Ft Sq M1 1,372 127.46

2 1,443 134.05

3 1,432 133.03

4 1,496 138.98

Total 5,743 533.52

History of 8 South Audley Street

8 South Audley Street was constructed in the 1700’s and has remained as such since, with the exception of some significant alterations made in the early and mid 19th century while His Royal Highness, Adolphus Frederick, The Duke of Cambridge, was in occupation. At this point the dwelling was known as ‘Cambridge House’.

Following the end of the Duke’s tenure, his sister-in-law, Caroline of Brunswick, took up residence. Her occupation coincided with her short term as Queen of the United Kingdom and wife of King George IV, following his accession to the throne on 29th January 1820. For much of their marriage the couple lived separately and she resided at 8 South Audley Street during the last year of her life, prior to her death in August 1821.

Other notable occupants of 8 South Audley Street since it’s construction include, Lady Margaret de Clifford, Edward Law, first Baron Ellenborough, Lord Chief Justice of England, Richard, 1st Earl Howe, Henry Sturt, 1st Baron Alington and Sir Berkeley Sheffield 6th bt, Unionist Member of Parliament for Brigg.

Note: The areas stated above were prepared by KMCS London Ltd on 31st October 2007. The property has not been measured since it was constructed in 2010.2 Savills have not been able to enter the property to carry out a measured survey due to the tenant restricting access. The area is given as a guide and should not be relied upon.

Neighbouring PropertiesThe South Audley Street Car Park and The Ascott are part of a major residential development site. The current planning permission (12/08019/FULL) was granted on 16th January 2013 for:

“Demolition of existing buildings and erection of new building of eight / nine storeys (plus lower ground floor and four basement levels) to provide 24 residential units with swimming pool and gymnasium, creation of roof terraces, green roof and solar collectors; car parking and cycle parking; a Council street sweeping depot; vehicular access from Waverton Street; and landscaping on Audley Square.”

At the time of this brochure going to print, planning permission had not been implemented for this scheme.

PlanningThe property is located within Westminster City Council’s jurisdiction and falls within both the Core Central Activities Zone and the Mayfair Conservation Area.

8 South Audley Street is a Grade II Listed building, which was listed in January 1977. The area surrounding the property is predominantly residential in character. The site opposite 8 South Audley Street (77 South Audley Street) is currently under construction and, when complete, will provide 7 new residential apartments.

On 1st December 2005 planning permission was granted for; ‘Erection of a new building at rear of 8 South Audley Street for use as four residential flats and ancillary staff accommodation, all in connection with the Indian High Commission at 8 South Audley Street, including a basement car park’. Construction of this building was completed in 2010.

A detailed planning appraisal has been prepared and is available to interested parties.

TenureThe property is registered with the Land Registry under the title number 102693 for the freehold interest of both 8 South Audley Street and 51 Hill Street.

The title document details the lease between the freeholder and The Governor-General of India for 99 years from 25th December 1948. The rent from this lease totals £5,750 per annum. This lease is registered under title number LN212496.

Method Of SaleThe site is being marketed for sale on a private treaty basis. Offers are sought for the freehold interest, subject to the existing occupational lease, on a subject to contract only basis.

VATThe property has not been elected for VAT.

EPC8 South Audley Street is a Listed Building and therefore an EPC is not required. 51 Hill Street has a D rating of 87. A full copy of the EPC can be found on the project website.

Further InformationAn information pack is available in relation to the opportunity at www.savills.co.uk/8southaudley and includes:

♦ Existing floor plans and areas

♦ Planning appraisal

♦ Planning documents

♦ Title register and plan

♦ Technical documents

ViewingsAll viewings are by appointment only through Savills.

ContactTim Whitmey

+44 (0) 20 7409 [email protected]

Luke Hawkesbury


Lizzie Parrott


33 Margaret Street London W1G 0JD

Important NoticeSavills, their clients and any joint agents give notice that:They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.Designed and Produced by Savills Marketing: 020 7499 8644 | September 2014

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