Park Street, Mayfair, W1

£14,950,000

  • 0 Bed
  • 1 Bath
  • 8638 sq ft
  • Leasehold
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Built in 1895 in the Queen Anne – Jacobean style and retaining many original features to include a grand entrance hall and staircase, ornate carved architraving and plaster ceilings. The house also enjoys the benefit of a 38 ft landscaped garden.

Park Street runs north from South Street being a short walk to the open spaces of Hyde Park and is perfectly situated to enjoy the restaurants and designer boutiques of Mount Street and all the international shopping and amenities Mayfair has to offer.

The current use, under the lease, is business or professional offices (not government or diplomatic offices) and not to sublet the premises in more than 6 units. The head lease contains provision for residential use in which a capital sum is payable to the landlord, The Grosvenor Estate, upon service of the usual residential notice. This is a sum equal to 20 times the ground rent payable under the lease at the time of the giving of notice.

The current tenants are paying a rent of £473,000 per annum with both a tenant and landlord break clause in September 2020.

Stamp Duty on Residential Property Purchases, as of 4 December 2014, is now calculated at increasing rates for each portion of the price being paid, in a similar fashion to income tax.

In order to simplify the more complicated calculation, Nicholas Van Patrick provide you with a 'Stamp Duty Calculator'.

Enter the proposed price below to establish the tax payable on your purchase

Purchase Price  

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