Belgravia mixed-use investment hits the market
A mixed-use investment opportunity in the London district of Belgravia has been placed on the market with a price tag of £7m, representing a capital value of £868 per sq ft.
An amalgamation of two townhouse buildings, 1-3 Pont Street extends to a total area of 8,067 sq ft across ground, basement, and four upper floors.
The property is currently let to a 120-cover restaurant on the ground floor, as well as office and residential occupiers on the upper floors.
A purchase of the property could provide an opportunity for asset management opportunities, a repositioning, or change of use, subject to planning permission.
The immediate area is home to several high-end retailers, restaurants, hotels, and high-value residential properties, with Sloane Street and Knightsbridge within a few minutes’ walk away.
Rapleys has been appointed to find a suitable buyer.