Tuesday, January 19, 2021

Grosvenor Grabs The Ground Rent

Vast Belgravia artists’ studio goes on sale for just £1.3 million, but of course, there is a catch and that is the extorionate ground rent

A 2,124 square foot artists’ studio in Belgravia has gone on sale for just £1.3 million or the equivalent of £612 per square foot. There is, of course, a catch and that is that the ground rent is a staggering sum of £58,000 per year.

 

Featured in The Steeple Times when last offered for sale for £995,000 in November 2017, the opulently decorated ground and first floor property available provides not only a double height 23’9” by 20’6” reception room but also a dining room and kitchen. There are also 3 bedrooms and 2 bathrooms and the space is described as being “for those involved in arts and media.”

 

The lease on the space is described as having been “renewed for 15 years with the Grosvenor Estate and agents Lurot Brand remark: “The grandeur and scale of this property is extraordinary in both charm and character.”

 

The Numbers – Ground and First Floor Apartment, Bradbrook House, Kinnerton Street, London, SW1X 8EL, United Kingdom

 

  • August 2020 – Offered for sale for £1.3 million ($1.7 million, €1.4 million or درهم2.4 million) by agents Lurot Brand.

 

  • August 2020 – Ground rent of £58,000 per year ($76,000, €64,000 or درهم278,000 per year), an increase of 9.4% on the sum in 2017.

 

  • November 2017 – Marketed for £995,000 ($1.3 million, €1.1 million or درهم4.8 million) by Kinleigh Folkard & Hayward.

 

Facebook: @TheSteepleTimes

Instagram: @TheSteepleTimes

Twitter: @SteepleTimes

 

Grosvenor Grabs The Ground Rent – Studio Place, London, SW1 – Vast Belgravia artists’ studio goes on sale for just £1.3 million, but of course, there is a catch and that is the extortionate ground rent – Ground and First Floor Apartment, Bradbrook House, Kinnerton Street, London, SW1X 8EL, United Kingdom for sale through Lurot Brand for £1.3 million ($1.7 million, €1.4 million or درهم2.4 million).
Grosvenor Grabs The Ground Rent – Studio Place, London, SW1 – Vast Belgravia artists’ studio goes on sale for just £1.3 million, but of course, there is a catch and that is the extortionate ground rent – Ground and First Floor Apartment, Bradbrook House, Kinnerton Street, London, SW1X 8EL, United Kingdom for sale through Lurot Brand for £1.3 million ($1.7 million, €1.4 million or درهم2.4 million).
Grosvenor Grabs The Ground Rent – Studio Place, London, SW1 – Vast Belgravia artists’ studio goes on sale for just £1.3 million, but of course, there is a catch and that is the extortionate ground rent – Ground and First Floor Apartment, Bradbrook House, Kinnerton Street, London, SW1X 8EL, United Kingdom for sale through Lurot Brand for £1.3 million ($1.7 million, €1.4 million or درهم2.4 million).
Grosvenor Grabs The Ground Rent – Studio Place, London, SW1 – Vast Belgravia artists’ studio goes on sale for just £1.3 million, but of course, there is a catch and that is the extortionate ground rent – Ground and First Floor Apartment, Bradbrook House, Kinnerton Street, London, SW1X 8EL, United Kingdom for sale through Lurot Brand for £1.3 million ($1.7 million, €1.4 million or درهم2.4 million).
Grosvenor Grabs The Ground Rent – Studio Place, London, SW1 – Vast Belgravia artists’ studio goes on sale for just £1.3 million, but of course, there is a catch and that is the extortionate ground rent – Ground and First Floor Apartment, Bradbrook House, Kinnerton Street, London, SW1X 8EL, United Kingdom for sale through Lurot Brand for £1.3 million ($1.7 million, €1.4 million or درهم2.4 million).
Grosvenor Grabs The Ground Rent – Studio Place, London, SW1 – Vast Belgravia artists’ studio goes on sale for just £1.3 million, but of course, there is a catch and that is the extortionate ground rent – Ground and First Floor Apartment, Bradbrook House, Kinnerton Street, London, SW1X 8EL, United Kingdom for sale through Lurot Brand for £1.3 million ($1.7 million, €1.4 million or درهم2.4 million).
Grosvenor Grabs The Ground Rent – Studio Place, London, SW1 – Vast Belgravia artists’ studio goes on sale for just £1.3 million, but of course, there is a catch and that is the extortionate ground rent – Ground and First Floor Apartment, Bradbrook House, Kinnerton Street, London, SW1X 8EL, United Kingdom for sale through Lurot Brand for £1.3 million ($1.7 million, €1.4 million or درهم2.4 million).
Grosvenor Grabs The Ground Rent – Studio Place, London, SW1 – Vast Belgravia artists’ studio goes on sale for just £1.3 million, but of course, there is a catch and that is the extortionate ground rent – Ground and First Floor Apartment, Bradbrook House, Kinnerton Street, London, SW1X 8EL, United Kingdom for sale through Lurot Brand for £1.3 million ($1.7 million, €1.4 million or درهم2.4 million).
Grosvenor Grabs The Ground Rent – Studio Place, London, SW1 – Vast Belgravia artists’ studio goes on sale for just £1.3 million, but of course, there is a catch and that is the extortionate ground rent – Ground and First Floor Apartment, Bradbrook House, Kinnerton Street, London, SW1X 8EL, United Kingdom for sale through Lurot Brand for £1.3 million ($1.7 million, €1.4 million or درهم2.4 million).
Grosvenor Grabs The Ground Rent – Studio Place, London, SW1 – Vast Belgravia artists’ studio goes on sale for just £1.3 million, but of course, there is a catch and that is the extortionate ground rent – Ground and First Floor Apartment, Bradbrook House, Kinnerton Street, London, SW1X 8EL, United Kingdom for sale through Lurot Brand for £1.3 million ($1.7 million, €1.4 million or درهم2.4 million).
Matthew Steeples
A graduate of the London School of Economics, Matthew Steeples is a writer and marketing consultant. He conceived The Steeple Times as a media arena to fill the void between the Mail Online, The Huffington Post and such organs as the New York Social Diary in 2012.
Advertisement

1 COMMENT

  1. My God, and I thought I liked busy.

    In my next re-incarnation I’m going to get rid of the concept of leasehold. The Grosvenors will doubtless fight me tooth and nail on that one.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Advertisement
Advertisement

SUBSCRIBE FOR FREE DAILY NEWS


Please subscribe and share this site, it really helps us grow and become better. Your data is safe and secure, The Steeple Times will send a single email to you personally at noon each day.

2,546FansLike
2,068FollowersFollow
10,739FollowersFollow
129SubscribersSubscribe

Most Popular

A BBC Balls-up

A French Farce

MacBook Maxwell

Theresa The Tea Leaf

Lock Him Up 2021!

A Chelsea Essential

Dry January 2021 CANCELLED

Lockup Lunacy

Sorry is the Shiftiest Word

Bombastic Basham Bashes Back

Archewell OFF!

Getaway Ghislaine

Oysters Ahoy!

A Christmas Nightmare

Blow-Up The Donald 2021