Property Report July 1994
What a selection in Mayfair
Mayfair historically suffers form a lack of residential property available at any one time. A frustrating phenomena for the keen buyer in the market.
However the situation now is that there is a better selection than for many a year.
The Temporary Office Permissions (T.O.P’s) on a large number of buildings expired in the early 1990’s.
Mayfair is now seeing the return of these buildings back to their original residential use as houses, flats and maisonettes.
Blocks of Flats
Eight blocks are currently available in Mayfair ranging in size from five one bedroom flats off Bond Street at £1.2M to five units overlooking Hyde Park in Park Lane for £9.5M.
Mayfair’s only new block with underground garaging has just been launched by Wetherell comprising seven one, two and three bedroom flats at £2.75M.
Usually a rare commodity as there are few per building however at present we are offering five penthouses and clients of ours are currently building four of the best penthouses in London.
Prices range from £550,000 upwards.
There are eight developments or restorations currently available of houses, flats and maisonettes.
Two old buildings in Park Street have recently been restored and now offer two bedroom flats of a size that are rarely seen in new developments.
With a total area of 1,726 sq.ft. the buyer is offered two intercommunicating reception rooms and two large bedroom suites at £785,000.
Blackkburne’s Court, behind the American Embassy also offers large flats which is unusual for a modern block. Prices to include a garage.
Wetherell, the leading independent estate agent specialising in the Mayfair area have over the last few years old over thirty buildings, previously offices, which have returned to the market as residential developments.
Some have already been sold but a number are still under construction. We briefly list below a selection of new developments currently in hand.
|MANSION IN THE SKY||
A 15,500 sq ft development of duplex penthouses which will be the best in the whole of London.
Not one but three large units are currently being developed, each having its own private pool as well as staff and garaging.
The substantial Mayfair mansion is back in vogue for entertaining on a scale rarely available in an apartment.
A five reception room mansion will soon come to the market through Wetherell.
Two substantial buildings, close to Piccadilly, are currently being converted into two bedroom flats.
|VIEWS OF HYDE PARK||
A period building currently being converted into luxury two bedroom apartments.
|WIDE FRONTED HOUSE||
A rarity in Mayfair with approximately 10,000 sq ft features will include a large pool, garaging, garden and good entertaining areas.
Mayfair’s leading independent estate agents
specialising in residential property
Tel: 0171-493 6935 Fax: 0171-629 9303
We sell Well
|No. 6||102, Mount Street, Mayfair, London W1Y 5HF||JULY 1994|