June 2009 – A substantial 19th Century freehold Mayfair house with a connected mews is to be offered in a residential receivership sale, with a guide price of £20 million on 22nd July 2009.
The property, 14 Charles Street (and 12A Hays Mews), is undeniably a prime Mayfair address situated close to Berkeley Square, W1. It offers an exceptional opportunity either for an owner occupier or as an investment purchase.
The principal house has been extensively refurbished over the last six years and provides accommodation over six floors (with a lift). There is a 15 meter swimming pool underneath the 60ft garden, which links the house to the mews. In total, the current square footage of the house and mews is 11,240 sq ft.
The mews itself has not undergone any refurbishment and is currently arranged over four floors, however planning consent has been granted for demolition and re-development. The planning consent allows the re-build of the mews house from the existing 1,180 square feet to approximately 5,800 square feet. The new mews building will offer a flexible scheme of mixed office and residential use, incorporating ancillary space for a garage and gym of 1,170 sq ft.
Amanda Craig, Director at Hamptons International comments, “There has been much talk of distressed sales due to the current economic and financial climate; until now we have not experienced repossession sales of this caliber in the prime residential market.”
Rupert Hart of Sotheby’s International Realty comment’s, “Sotheby’s and Hamptons International have been involved with this sale for some time and the successful consent of planning permission combined with the circumstances of the sale offers exceptional re-development opportunities for either investors or private individuals.”
The sale process is being handled by informal tender on the instructions of J. Gershinson and S. Davidson of Allsop LLP as fixed charge receivers.
Jon Gershinson, Allsop LLP comments “This is a fantastic opportunity to purchase a substantial Mayfair house, ready for occupation but with significant re-development potential to the rear. It is incredibly rare for such a property to be in receivership.”
The joint sole agents are Hamptons International 020 7584 2044 and Sotheby’s 020 7495 9580.
For all media enquiries please contact: Jane Jorgensen, Associate Director – PR, Hamptons International, 020 7589 9775, jorgensenj@hamptons-int.com