Advisors Knight Frank and BNP Paribas Real Estate have been instructed to bring to market Strathmore Court, a mixed-use Edwardian island mansion block overlooking Regent’s Park in London.
The building comprises 21 residential apartments totalling 39,039 ft2 as well as 10 retail units and 19 storage units. Agents are guiding offers in the region of £70 mln (€82 mln).
The apartments are all currently rented on AST’s whilst the commercial units are fully occupied on long leases. Planning permission was granted in 2019 for the full reconfiguration of the existing units as well as the build of a three-storey rear extension to increase square footage to 44,843 ft2 and resulting in an extra 9 apartments.
Speaking on behalf of Knight Frank, Anthony Kazan, head of Central London Land, said: ‘This is an exceptional Central London opportunity of significant scale and calibre. It is highly unusual to find an unbroken freehold block of this size available in a prime central London location, overlooking one of London’s Royal Parks and next to Lord’s Cricket Ground. Strathmore Court’s underlying investment value, coupled with the future development potential, makes it an attractive proposition in the current market which we expect to drive strong interest.'
