Rare Freehold in Queensway's redevelopment, with potential for expansion, fully let, near transport links.
Summary
- Freehold
- Queensway's £3bn redevelopment
- Dual frontage
- Proximity to transport
- High ceiling heights
- EPC B
- Vacant possession end 2024
- Offers over £24m
Location
Strategically located in Bayswater, within close proximity to Queensway, Kensington, Notting Hill, and the West End. The property is near Hyde Park and Kensington Gardens, with excellent transport links including Bayswater and Queensway Underground Stations and the Elizabeth Line at Paddington. This vibrant area features Georgian architecture and attracts significant footfall with notable destinations like Westbourne Grove and Portobello Market.
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Mainline Stations
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Paddington14 mins
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Shepherd's Bush24 mins
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Kensington (Olympia)24 mins
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Marylebone28 mins
Underground Station
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Bayswater3 mins
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Queensway3 mins
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Notting Hill Gate5 mins
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Royal Oak9 mins
Further Information
Price Offers in excess of £24,000,000
Rates Payable Upon Enquiry
EPC Rating This property has been graded as B
Description
31 St Petersburgh Place is a period office building, constructed circa 1880, offering 22,020 sq ft of retail and office space. Comprehensively refurbished in 2020 by Finchatton, it features exceptional ceiling heights, terraces, and modern amenities including end-of-trip facilities. The property is fully let, with short-term tenants providing diverse income and potential for vacant possession by the end of 2024. Located in Bayswater, it benefits from proximity to major transport links and the ongoing £3bn redevelopment of Queensway.
Proposal
Offers are invited in excess of £24,000,000 for the Freehold interest, subject to contract and exclusive of VAT. This reflects a capital value of £1,090 per sq ft and £758 per sq ft based on the proposed extension, subject to planning approval.
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