Hill Street, Mayfair, W1J

A rare opportunity to acquire an income-producing, freehold residential mansion block on Hill Street in the heart of Mayfair featuring 65 apartments, a large commercial space, private walled garden and full planning permission allowing the purchaser to transform the building into a new luxury address, further enhancing the rental income, should they choose.

39 Hill Street is a nine-storey landmark 51,236 sq.ft Edwardian building with a selection of studio,1, 2 and 3 bedroom self-contained apartments. There is a 5,202 sq.ft garden commercial space on the lower ground floor, currently configured as a restaurant. It was formerly operated as a two Michelin star restaurant, The Greenhouse, headed up by celebrity chef Gary Rhodes.

The building has a newly refurbished entrance lobby, on-site management office and porter's office on the ground floor, two lifts, and eight floors of apartments.

The planning permission granted by Westminster Council allows for the reconfiguration and extension of the existing building to provide a luxury apartment building, with the external facade transformed with Juliette balconies, upgraded glazing and refurbished ground and first floor.

Internally, the planning consent allows for upgraded communal areas and apartment specifications, plus future potential for a 9th-floor resident amenity space.

Consent has also been granted to convert the garden restaurant into 6 additional garden apartments with patios, bringing the total to 71 apartments, increasing the building size to 54,470 sq.ft and enhancing the external facade.