2 - 3 West Halkin Street, London, SW1X 8JJ - Property Search - Savills

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2 - 3 West Halkin Street, London, SW1X 8JJ A r ar e o ppo rtu n it y in B e lgr av ia, t o e it her e n ha n c e t he re n ta l perf orm a n c e of the a sset throu g h posit iv e as s e t m an age m e n t or ref urb i sh a n d re -c on f i g ure t he e x i sti n g resi den tial mix to d e liv e r e n han c e d c ap i t a l v a l ues.

Summary / An elegant Grade II Listed stucco fronted building occupying a prominent position

on West Halkin Street, just off Belgrave Square.

/ The property extends over a substantial proportion of an island site and comprises

13 apartments, plus a Building Manager’s office , with a passenger lift serving the



ground and upper floors.

/ Potential to refurbish and re-configure the existing residential accommodation and

layout, subject to the necessary consents.

/ The property extends to approximately 11,590 sqft (GIA) and approximately

9,396 sqft (NSA) including the Building Manager’s office.

/ The current lease expires 22nd December 2045, therefore, there are approximately

28 years remaining.

/ Potential to enfranchise and extend the leases under the Leasehold Reform, Housing

and Urban Development Act 1993.

/ For sale leasehold

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

Location

Hyde Park Corner

Piccadilly

Buckingham Palace

Green Park City Of London

London Eye

Belgrave Square Canary Wharf

2-3 West Halkin Street Victoria

Eaton Square

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

Location

Please refer to the title documents on the dataroom for further detail on the extent of the demise.

Location / 2 - 3 West Halkin Street occupies the northeast portion of a prominent island site bounded by West

Halkin Street and Halkin Place, in the heart of Belgravia. West Halkin Street runs from the west corner



of Belgrave Square, towards Cadogan Place and to Sloane Street beyond.

/ The property benefits from excellent local amenities and restaurant choices and it is just a short distance

from Knightsbridge, Sloane Square and international retailers such as Harrods, Louis Vuitton and



Harvey Nichols.

/ The property benefits from excellent public transport connections, with Knightsbridge Underground

station 0.4 miles to the north east, Hyde Park Corner Underground station 0.4 miles to the north,



Sloane Square Underground station 0.5 miles south and Victoria Underground and Railway station to



the east, providing Piccadilly, District, Circle, Victoria, DLR and Mainline services, including direct



services to Gatwick.

/ The whole island site, including the subject property is Grade II Listed. The property is situated in the

Belgravia Conservation Area.

/ The property is located just 0.4 miles to the south of Hyde Park, and 0.4 miles to the west of Green Park.

Buckingham Palace and Buckingham Palace Gardens are located 0.8 miles to the east.

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

Transport

Transport

Travel Times

Green Park

FROM KNIGHTSBRIDGE Piccadilly Line

ar k O 6 m xfo in r d s Ci rc us Le * 7 m ic in e s t s er Sq ua H e re 43 a m thr in o s w

Hyde Park

G 3 m ree in n P s

Mayfair

*Involves a change of tube line

Harrods

London Victoria

FROM SLOANE SQUARE Circle and District Lines

St L 22 iver m po in o s l

15 n k m * in s

Zone A parking permits are available to residents subject to an application to the local authority.

30 a t w m ic in k s

G

15 n a m ry in s W

Ca

FROM VICTORIA Victoria, Circle and District lines and national rail

E 7 m ust in o n s

Sloane Square

O 4 m xfo in r d s

Ci

rc

ha

rf

us

South Kensington

/

os

*

10 mins

Ba

FROM HYDE PARK CORNER Piccadilly Line

14 i n g m s in C r s

Buckingham Palace

K

5 mins

en si W ng 5 m es to t n in m i s ns te H r 9 m igh in Str s ee tK en Pa si 19 d d ng m in to in g n s to n

7 mins

S 2 m out in h K s

Knightsbridge

H 10 o l b m or in n s *

s

re et *

Hyde Park Corner

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

Description

Description / The subject property, which is to be offered with vacant possession, includes a

significant proportion of the triangular island site nestled between West Halkin Street



and Halkin Place.

/ The building consists lower ground, ground and four upper floors. Internally, it

comprises 13 unmodernised apartments, plus a Building Manager’s office, with a



passenger lift serving the ground and upper floors.

/ The entire property would benefit from extensive refurbishment and has the

potential for some reconfiguration, subject to obtaining the necessary consents.



An incoming purchaser has the opportunity to create a number of exceptional



apartments in a prime Belgravia location.

/ The property offers a good mix of unit types including studio, one, two and three

bedroom apartments.

/ The subject property extends to approximately 11,590 sqft (GIA) and approximately

9,396 sqft (NSA) including the management office. There is an additional c.984 sqft



of under-pavement vaults, some of which could be incorporated within the lower



ground floor flat, again subject to obtaining the necessary consents.

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

Tenure

Tenure / There are a number of leasehold interests relating to the whole block on this island

site. The freehold interest in the whole building is vested in The Trustees of the Will



of the Most Noble the Second Duke of Westminster, deceased.

/ 2-3 West Halkin Street is subject to a lease dated 3rd February 1983 granted for a

term of 71.25 years (less three days) from 29th September 1974 (thus expiring on



22nd December 2045) at an initial annual ground rent of £1,000, subject to review



to an amount equal to 10% of the open market rental value of 2-3 West Halkin Street



on 24th June in each of the years 2014, 2028 and 2042. The current ground rent is



£18,570 per annum and was last reviewed in 2000. This lease is vested in Lovat



Estates Ltd and title is registered at the Land Registry under title no. NGL447414.

/ Under the terms of The Leasehold Reform, Housing and Urban Development

Act 1993 (“the 1993 Act”) it may be possible to pursue a collective enfranchisement



to acquire the freehold and superior leasehold interests, but potential purchasers



should seek their own professional and legal advice in relation to this before making



any offer for the subject property.

/ In addition to collective rights to acquire the freehold and intermediate leasehold

interests in the building, the 1993 Act also grants to the tenant of a leasehold flat,



held under a lease, which the tenant has owned for a period of at least two years,



the right to acquire a new extended lease. The extended lease is for a term of



90 years added to the existing term at a peppercorn rent.

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

Gallery

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

845 961 375 819 484 967 383 256 875 368 91

5 6 7 9 10 11 13 12 14 Attic Office

Floorplans

5.50 x 4.82m

78.55 89.33 34.88 76.16 35.20 89.93 45.01 23.84 81.34 34.25 8.51

Bedroom 18'1'' x 12'0'' 5.50 x 3.65m

This floorplan is for GUIDANCE ONLY and NOT FOR VALUATION purposes. Key : CH - Ceiling Height

Floorplans

- External Vaults & Boiler Rooms

Boiler Room 12'10'' x 9'3'' 3.69 x 2.85m

Flat 1a Cellar 26'10'' x 8'8'' 5.00 x 2.70m

Vault 8'2'' x 7'6'' 2.53 x 2.37m

Vault 8'2'' x 7'0'' 2.53 x 2.15m

Vault 12'10'' x 8'8'' 3.69 x 2.70m

Vault 8'2'' x 7'0'' 2.53 x 2.15m

Vault 7'6'' x 8'2'' 2.33 x 2.50m

Kitchen 32'10'' x 13'1'' 10.00 x 4.00m

Lift

Vault 7'6'' x 8'2'' 2.33 x 2.50m

Flat 1a Cellar 11'2'' x 8'0'' 3.40 x 2.43m Flat 1

Flat 1a

Boiler Room 11'8'' x 8'10'' 3.55 x 2.69m

Bedroom 17'7'' x 12'2'' 5.35 x 3.72m Bedroom 16'1'' x 9'4'' 4.91 x 2.85m

Gross Internal Area Floor / Flat No.

Sq ft

Sq m

Lower Ground

1924

178.75

Flat 1A

1329

123.50

Vault 12'7'' x 9'1'' 3.83 x 2.76m

Vault 9'11'' x 6'6'' 3.01 x 1.98m

LOWER GROUND FLOOR

Vault 9'3'' x 6'6'' 2.83 x 1.98m

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

Flat 1a Cellar 26'10'' x 8'8'' 5.00 x 2.70m

Vault 8'2'' x 7'6'' 2.53 x 2.37m

Floorplans Vault 8'2'' x 7'0'' 2.53 x 2.15m

Floorplans

Receptio Room 15'5'' x 13 4.75 x 4.20

Vault 8'2'' x 7'0'' 2.53 x 2.15m

CH 3.08M

Vault 7'6'' x 8'2'' 2.33 x 2.50m

Kitchen 32'10'' x 13'1'' 10.00 x 4.00m

Lift

Vault 7'6'' x 8'2'' 2.33 x 2.50m

Office 11'4'' x 7'2'' 3.51 x 2.2m

Flat 1a Cellar 11'2'' x 8'0'' 3.40 x 2.43m Flat 1

Flat 1a

Boiler Room 11'8'' x 8'10'' 3.55 x 2.69m

Vault 12'7'' x 9'1'' 3.83 x 2.76m

Bedroom 17'7'' x 12'2'' 5.35 x 3.72m Bedroom 16'1'' x 9'4'' Gross Internal Area 4.91 x 2.85m

Vault 9'11'' x 6'6'' 3.01 x 1.98m

Vault 9'3'' x 6'6'' 2.83 x 1.98m

Floor / Flat No.

Sq ft

Sq m

Ground

962

89.37

Management Office

92

8.51

Flat 1

485

45.03

LOWER GROUND FLOOR

Reception Room 15'9'' x 12'8'' 4.80 x 3.85m

Bedroom 14'3'' x 13'1'' 4.35 x 4.00m

GROUND FLOOR

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

Be 16'3 4.96

5.61 x 4.13m

Floorplans

THIRD FLOOR

FOURTH FLOOR

Floorplans

Vault 8'2'' x 7'0'' 2.53 x 2.15m

Reception Room 15'5'' x 13'9'' 4.75 x 4.20m

Vault 8'2'' x 7'0'' 2.53 x 2.15m

CH 3.08M

Vault 7'6'' x 8'2'' 2.33 x 2.50m

Bedroom 10'10'' x 10'0'' 3.30 x 3.06m Lift

Vault 7'6'' x 8'2'' 2.33 x 2.50m

Lift

R

Flat 4

17 5.3

Flat 3 Office 11'4'' x 7'2'' 3.51 x 2.2m

Flat 1a Cellar 11'2'' x 8'0'' 3.40 x 2.43m

9'11'' x 9'4'' 3.01 x 2.84m

Flat 1

Gross Internal Area Bedroom 17'7'' x 12'2'' 5.35 x 3.72m

LOWER GROUND FLOOR

Floor / Flat No.

Sq ft

Sq m

First

1401

130.16

Flat 3

764

71.04

Flat 4

402

37.32

Reception Room 15'9'' x 12'8'' 4.80 x 3.85m

GROUND FLOOR

Bedroom 14'3'' x 13'1'' 4.35 x 4.00m

Bedroom 16'3'' x 8'10'' 4.96 x 2.69m

Reception Room 20'4'' x 13'7'' 6.20 x 4.14m

Bedroom 13'11'' x 13'5'' 4.25 x 4.10m

FIRST FLOOR

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

14'7'' x 12'10'' 4.45 x 3.90m

Floorplans

FOURTH FLOOR

ATTIC

Floorplans

Reception Room 15'5'' x 13'9'' 4.69 x 4.20m

Reception Room 15'5'' x 13'9'' 4.75 x 4.20m

CH 3.08M

Bedroom 11'0'' x 10'9'' 3.36 x 3.27m

CH 3.08M

Bedroom 10'10'' x 10'0'' 3.30 x 3.06m Lift

Bedroom 10' x 8'6'' 3.06 x 2.60m

Reception Room 17'5'' x 15'8'' 5.31 x 4.77m

Flat 4

Lift

CH 3.11M

Flat 7

Flat 5

Flat 3 9'11'' x 9'4'' 3.01 x 2.84m

Bedroom 13'6'' x 13'5'' 4.11 x 4.10m

Flat 6

Gross Internal Area Floor / Flat No. Bedroom 16'3'' x 8'10'' 4.96 x 2.69m

Second Reception Room 20'4'' x 13'7'' 6.20 xFlat 4.14m 5 Flat 6 Flat 7

FIRST FLOOR

Sq ft

Sq m

2482

230.59

845 Bedroom 13'11'' x 13'5'' 4.25 x 4.10m

78.55

961

89.33

375

34.88

Bedroom 18'1'' x 11'11'' 5.50 x 3.64m

Bedroom 13'10'' x 7'1'' 4.21 x 2.17m

Bedroom 16'1'' x 8'9'' 4.91 x 2.67m

Reception Room 17'11'' x 13'8'' 5.47 x 4.17m

Reception Room 13'11'' x 12'6'' 4.25 x 3.80m

2 -SECOND 3 WFLOOR e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

Floorplans

Floorplans

West Halkin Street, SW1

APPROX. GROSS INTERNAL AREA * 11590 Ft ² - 1076.71 M ² (EXCLUDING EXTERNAL VAULTS & BOILER ROOMS) APPROX. EXTERNAL VAULTS & BOILER ROOMS 984 Ft ² - 91.51 M ²

1 1a 3 4 5 6 7 9 10 11 13 12 14 Attic Office

Ft ² 484 1323 764 401 845 961 375 819 484 967 383 256 875 368 91

M² 45.03 123.50 71.04 37.32 78.55 89.33 34.88 76.16 35.20 89.93 45.01 23.84 81.34 34.25 8.51

Ceiling Height

External Vaults & Boiler Rooms

CH 2.48M

Bedroom 10'9'' x 10'7'' 3.28 x 3.22m

Bedroom 10'8'' x 8'6'' 3.24 x 2.60m

N

FLAT NO:

AREA

Flat 10

Recept Roo 16'6'' x 1 5.03 x 4.

Lift

Reception Room 18'1'' x 15'10'' 5.50 x 4.82m

Flat 9

CH 2.08

Bedroom 13'6'' x 9'11'' 4.11 x 3.03m Flat 11

Gross Internal Area Floor / Flat No.

Sq ft

Sq m

Third

2490

231.33

Flat 9

819

76.16

Flat 10

379

35.20

Flat 11

968

89.93

oorplan is for GUIDANCE ONLY and NOT FOR VALUATION purposes.

Boiler Room 12'10'' x 9'3''

Reception Room 15'5'' x 13'11'' 4.71 x 4.23m

Bedroom 18'1'' x 12'0'' 5.50 x 3.65m

1 5

Bedroom 14'8'' x 8'10'' 4.48 x 2.70m Reception Room 18'5'' x 13'7'' 5.61 x 4.13m

Bedroom 14'7'' x 12'10'' 4.45 x 3.90m

THIRD FLOOR Flat 1a Cellar 26'10'' x 8'8'' 5.00 x 2.70m

Vault 8'2'' x 7'6'' 2.53 x 2.37m

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

edroom '1'' x 12'0'' 50 x 3.65m

Floorplans

Floorplans

Reception Room 16'4'' x 12'8'' 4.99 x 3.85m

Reception Room 15'5'' x 13'11'' 4.71 x 4.23m

Kitchen 10'10'' x 9'6'' 3.31 x 2.90m

CH 2.48M

Bedroom 10'9'' x 10'7'' 3.28 x 3.22m

Bedroom 10'8'' x 8'6'' 3.24 x 2.60m

Flat 12

Flat 10

Reception Room 16'6'' x 15'10'' 5.03 x 4.82m

Lift

Flat 9

Flat 13

CH 2.08M

Bedroom 13'6'' x 9'11'' 4.11 x 3.03m Flat 11

Bedroom 14'8'' x 8'10'' 4.48 x 2.70m

Floor / Flat No.

Sq ft

Sq m

Fourth

1962

182.28

FlatRoom 12

257

Bedroom 14'7'' x 12'10'' 23.84 4.45 x 3.90m

Flat 13

484

45.01

Flat 14

875

81.34

18'5'' x 13'7'' 5.61 x 4.13m

THIRD FLOOR

Flat 14

Gross Internal Area

Reception

Bedroom 8'10'' x 6'11'' 2.70 x 2.11m

Bedroom 16'9'' x 12'1'' 5.11 x 3.69m

Bedroom 10'10'' x 7'1'' 3.30 x 2.15m

Flat 13 Bedroom 11'7'' x 9' 3.52 x 2.74m

Reception Room 18'6'' x 8'1'' 5.65 x 2.47m

14'3'' x 13'5'' 4.35 x 4.10m

Bedroom 10'8'' x 9'4'' 3.24 x 2.85m

*Please note that the proposed demise and floor area of Flat 13 includes the separate room which is currently accessed from the common parts.

FOURTH FLOOR

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

CH

Floorplans

Floorplans Reception Room 16'4'' x 12'8'' 4.99 x 3.85m

Kitchen 10'' x 9'6'' 31 x 2.90m Flat 12 11'11'' x 8'2'' 3.64 x 2.50m

Flat 13

Bedroom 8'10'' x 6'11'' 2.70 x 2.11m

Flat 14

Bedroom 10'10'' x 7'1'' 3.30 x 2.15m

Flat 13 Bedroom 11'7'' x 9' 3.52 x 2.74m

Reception Room 18'6'' x 8'1'' Gross 5.65 xInternal 2.47m Area

Floor

Bedroom 10'8'' x 9'4'' 3.24 x 2.85m Sq ft Sq m

Attic

369

14'3'' x 13'5'' 4.35 x 4.10m CH 2.39M

34.25

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

Accommodation

Accommodation and Tenancy Schedule 2 - 3 West Halkin Street, London No.

Bedrooms

Floor

Area (sq ft)

Area (sq m)

Building Manager’s Office

-

Ground

92

8.51

1

1

Ground

485

45.03

1a

2

Lower Ground

1329

123.50

3

2

First

764

71.04

4

1

First

402

37.32

5

2

Second

845

78.55

6

3

Second

961

89.33

7

1

Second

375

34.88

9

3

Third

819

76.16

10

1

Third

379

35.20

111

2

Third

968

89.93

12

Studio

Fourth

257

23.84

113

2

Fourth

484

45.01

14

2

Fourth

875

81.34

369

34.25

9,403.056

873.89

Attic

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

Planning

Planning / The property has been in residential use but is currently part vacant. Vacant

possession of the whole building will be provided prior to completion of the



proposed sale. A kitchen and maids’ accommodation at lower ground floor level



would have served the building as a whole and the residential layout dates from a



time when it was common to have ‘galley’ kitchens and rely on restaurants and/or



the ‘house’ kitchen for the provision of food.

/ The building falls within the jurisdiction of the City of Westminster Council and

is Grade II Listed. It is also situated within the Belgravia Conservation Area. While



the property has retained its original floor to ceiling heights and its staircase,



partitions appear to have been formed on each floor level to achieve the current



accommodation layout, but without further detailed historical research and the



advice of a heritage expert, it cannot be determined when these were installed.



However, it would appear that the current layout is of ‘some age’ and quite possibly



pre-dates the listing of the building (1970).

/ There is potential to re-configure and amalgamate units within the property to create

larger, better quality dwellings, subject to the necessary consents. A detailed planning



appraisal has been prepared and is available via the dedicated project data room,



which is listed below under ‘Further Information’.

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

Services & Method of Sale

Further Information

Method of Sale The residual leasehold interest held by Lovat Estates Ltd in 2-3 West Halkin Street is offered for sale as an asset or by way of an all share transfer in the company. A closing date for the submission of offers and a bid process letter will be issued towards the end of the marketing period.

Services It is our understanding that the property is connected to mains water, gas and drainage, although it will be the responsibility of the purchaser to ensure they are adequate for any future use of the property.

Viewings The property may be inspected strictly by appointment only through the Vendor’s joint selling agents, Knight Frank and Savills.

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J

Contact

Contact 55 Baker Street Marylebone

33 Margaret Street

London

London

W1U 8AN

W1G 0JD

Rupert des Forges

Luke Hawkesbury

James Donger

Richard Dalton

020 7861 1777

020 7409 9942

0207 016 3841

020 7824 9021

07879 434 046

07967 555 820

0789 009 8087

07968 553 300

2 - 3 W e s t H a l ki n S t r e e t , Lo n d o n , S W 1 X 8J J