Tuesday, June 21, 2022

A Bargain in Belgravia

Fully renovated Belgravia studio with double height reception room for sale for just £455 per square foot

 

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A 2,186 square foot ground and first floor studio property in Studio Place, Belgravia with a double height reception room has gone on sale for just £995,000 ($1.3 million, €1.1 million or درهم4.8 million) – but naturally there’s a catch.

 

Described as a “mixed use, specifically for those involved in arts and media” space with “sub-letting allowed,” the 3 bedroom, 3 bathroom space offered is subject to the terms of the 1954 commercial planning act – a law that forces the landlord, in this case the Grosvenor Estate, to “offer the tenant the same lease with no premium at the end of every lease period.”

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The catch? The ground rent is far higher than normal at £53,000 per annum ($70,000, €60,000 or درهم258,000 per annum) or £795,000 ($1.1 million, €893,000 or درهم3.9 million) in total for the remainder of the lease.

 

The selling agents are Kinleigh Folkard & Hayward.

 

Follow The Steeple Times on Twitter at @SteepleTimes.

 

 A Bargain in Belgravia – Bradbrook House, Studio Place, Belgravia, London, SW1X 8EL studio for £995,000 ($1.3 million, €1.1 million or درهم4.8 million) – Fully renovated Belgravia studio with double height reception room for sale for just £455 per square foot. It comes with a catch.A Bargain in Belgravia – Bradbrook House, Studio Place, Belgravia, London, SW1X 8EL studio for £995,000 ($1.3 million, €1.1 million or درهم4.8 million) – Fully renovated Belgravia studio with double height reception room for sale for just £455 per square foot. It comes with a catch.

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A Bargain in Belgravia – Bradbrook House, Studio Place, Belgravia, London, SW1X 8EL studio for £995,000 ($1.3 million, €1.1 million or درهم4.8 million) – Fully renovated Belgravia studio with double height reception room for sale for just £455 per square foot. It comes with a catch.A Bargain in Belgravia – Bradbrook House, Studio Place, Belgravia, London, SW1X 8EL studio for £995,000 ($1.3 million, €1.1 million or درهم4.8 million) – Fully renovated Belgravia studio with double height reception room for sale for just £455 per square foot. It comes with a catch. A Bargain in Belgravia – Bradbrook House, Studio Place, Belgravia, London, SW1X 8EL studio for £995,000 ($1.3 million, €1.1 million or درهم4.8 million) – Fully renovated Belgravia studio with double height reception room for sale for just £455 per square foot. It comes with a catch.A Bargain in Belgravia – Bradbrook House, Studio Place, Belgravia, London, SW1X 8EL studio for £995,000 ($1.3 million, €1.1 million or درهم4.8 million) – Fully renovated Belgravia studio with double height reception room for sale for just £455 per square foot. It comes with a catch. A Bargain in Belgravia – Bradbrook House, Studio Place, Belgravia, London, SW1X 8EL studio for £995,000 ($1.3 million, €1.1 million or درهم4.8 million) – Fully renovated Belgravia studio with double height reception room for sale for just £455 per square foot. It comes with a catch.A Bargain in Belgravia – Bradbrook House, Studio Place, Belgravia, London, SW1X 8EL studio for £995,000 ($1.3 million, €1.1 million or درهم4.8 million) – Fully renovated Belgravia studio with double height reception room for sale for just £455 per square foot. It comes with a catch. A Bargain in Belgravia – Bradbrook House, Studio Place, Belgravia, London, SW1X 8EL studio for £995,000 ($1.3 million, €1.1 million or درهم4.8 million) – Fully renovated Belgravia studio with double height reception room for sale for just £455 per square foot. It comes with a catch.

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