The property is located on Kensington High Street, in the heart of the Royal Borough of Kensington & Chelsea one of the most prestigious boroughs in Central London. High Street Kensington is world-renowned as a prime retail and residential location.
The property was originally built in the 1920s as Woolworths Flagship London Store. There are 3 retail units on ground and basement, currently trading as Robert Dyas, Octavia Charity Shop and TravelBag.
The building is well placed for public transport facilities and is within 400m of High Street Kensington Underground Station.
The area is considered to be one of the most important residential locations in Central London and Kensington High Street is well known for its shopping, restaurants, hotels and clubs/gyms.
The property has the benefit of full planning consent, with agreed S106 and CIL to provide two additional floors of residential apartments and a new gym with a total Gross Internal floor area of 29,946 sq ft (2,782 sq m).
Opportunity exists to achieve further planning consent on completion of Phase 1 works for change of use of the first and second floors to high end residential and develop out the basement for gym use providing a total Gross Internal Area of 3,876 sq m (41,722 sq ft), subject to the necessary consents at potentially higher values.