1 bed Flat (for sale) Cedar House, Nottingham Place, London W1U

£23,000,000
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Sothebys Realty UK
77-79 Ebury Street, London
020 3589 1594
First Published

8th Nov 2022

Last Published

18th Jan 2023

 

Features

  • Type: Flat
  • Bedrooms: 1
  • Listing status: sale
  • Country: England

Description



A rare investment or break-up opportunity in the heart of marylebone


A rare pair of adjoining six storey buildings, comprising of 17 modern apartments with period features, set in the heart of Marylebone on Nottingham Place.


Apartments


> 1 x Studio apartment
> 5 x 1 bedroom apartments
> 11 x 2 bedroom apartments


Investment opportunity


> 17 apartments comprising a mix of studio, 1 & 2 – bedrooms, totalling 10,547 sq ft
> The gia of the building totals 12,667 sq ft
> The current building erv in unmodernised condition is £714,500 per annum and £13,740 per week. There is potential for an incoming purchaser to fully redevelop the building to a high specification. This would increase the erv of the building to c.£1,071,750 per annum.
> Freehold tenure
> Located within a well maintained red brick Victorian building
> Close proximity to Regent’s Park and walking distance to Baker Street Underground station
> New passenger lift
> All apartments are eligible for Westminster parking permits
> Walking distance to award winning Marylebone High Street, with its array of popular restaurants, shops and bars
> Interior designed entrance hall with Minoli porcelain floor tiles, carpeted stairs and communal hallways
> Cedar House provides highly sought after lateral apartments due to the cross-converted nature of the buildings, as well as the period features and high ceilings.
> 7 apartments have outside space
> An abundance of original period features
> Quality full ff&E designer rental package to the latest regulatory standards

Marylebone is an affluent residential village, characterised by its architecture of ornate red
buildings and Georgian streets. Nestled between leafy Regent’s Park to the north and the retail district of Oxford Street to the
south, Marylebone boasts a central location with excellent access to central London’s first
class retail and dining scene. Marylebone has however itself become fabled for its multitude of independent cafes, delis and
shops. The core of this activity can be found in the Village, an area that spans Marylebone High Street and Marylebone Lane. The local area is steeped in history as it is home to
Nottingham Palace, The Wallace Collection and Royal Academy of Music. Marylebone has the unique privilege of being walking
distance from national landmarks such as Lord’s Cricket Ground, Marble Arch and Hyde Park, as well as hosting attractions including Madame Tussauds and the Sherlock Holmes Museum.


Connected living


With its central location and excellent public
transport facilities, Marylebone provides easy
access to the rest of London and the United
Kingdom. Marylebone Station is the closest
railway, which runs a service out to Oxford.
Paddington Railway Station is located North
West of Cedar House and offers access to the
Heathrow Express, while to the East sits King’s Cross and St Pancras Railway Stations. The nearest underground station is Baker Street, which is serviced by the Bakerloo, Circle, Jubilee, Metropolitan and Hammersmith lines, offering numerous routes to access the rest of the capital.

 

Local info for W1U

 

Property Value Data/Graphs for W1U

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 92.6% £4,613,759 2.2 2
Other 4.7% £4,671,250 3.1 3.4
Mews house 1.2% £3,065,833 2.8 2
Studio 0.6% £2,497,667 0 0.7
Detached house 0.4% £1,500,000 2.5 1
Semi-detached house 0.2% £5,600,000 4 4
Maisonette 0.2% £1,650,000 2 2
Terraced house 0.2% £1,750,000 3 2

Area Information

Average Price Paid

£0

Sales

0

Current Average Value

£4,564,200

Value Change

£4,564,200 0%

 

Current Asking Prices in W1U Average: £4,564,200

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £2,747,500 (4) £3,575,833 (12) £6,059,545 (11) £2,710,000 (5) -
Flats £2,244,916 (101) £3,736,176 (177) £6,725,750 (186) £4,492,900 (10) -
All £2,264,062 (105) £3,725,995 (189) £6,688,551 (197) £3,898,600 (15) -

Nearby Properties

5 bed Flat () Knightsbridge, London SW1X £60,000,000
5 bed Terraced house () South Street, London W1K £35,000,000
3 bed Flat () Knightsbridge, London SW1X £30,000,000
7 bed Town house () Princes Gate, London SW7 £30,000,000
8 bed Town house () Princes Gate, London SW7 £30,000,000
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