_Prime residential mansion block with development potential overlooking Regent’s Park comes to market

Positioned in the heart of St John’s Wood (NW8), the building comprises 21 residential apartments totalling 39,039 sq ft and ranging from 1 to 5 bedrooms, including two penthouses with terraces, as well as 10 retail units and 19 storage units.

The building has retained ornate period finishes throughout, including high ceilings, an elegant marble-clad entrance lobby and original woodwork. All apartments and penthouses come with Westminster on-street parking permits, with some featuring balconies or outside space. The apartments are all currently rented on AST’s whilst the commercial units are fully occupied on long leases. A full redevelopment and refurbishment of the building would result in an ERV of £4.7m.

Planning permission was granted in 2019 for the full reconfiguration of the existing units as well as the build of a three-storey rear extension to increase sqftage to 44,843 and resulting in an extra 9 apartments.

The permission also includes alterations to the front entrance, the creation of terraces and balconies to all of the rear-facing apartments and the addition of glass balconies to all park-facing apartments, resulting in most of the apartments benefiting from outside space. The permission has been implemented and certified.

Knight Frank’s Residential Investments and Land teams are jointly involved. Speaking on behalf of Knight Frank, Anthony Kazan, Head of Central London Land, said:

“This is an exceptional Central London opportunity of significant scale and calibre. It is highly unusual to find an unbroken freehold block of this size available in a prime central London location, overlooking one of London’s Royal Parks and next to Lord’s Cricket Ground. Strathmore Court’s underlying investment value, coupled with the future development potential, makes it an attractive proposition in the current market which we expect to drive strong interest.”

The proposed redevelopment will provide significant ESG benefits in terms of increasing the thermal performance of the building, mutually benefiting the potential cost benefits to both the freeholder and occupier.”

Strathmore Court is a five-minute walk from St John’s Wood station and is near Lord’s Cricket ground and a number of top colleges and universities such as London Business School, University of Westminster and the Royal College of Physicians.

Agents are guiding offers in the region of £70m.

To register your interest, please visit www.strathmore-court.co.uk

For more information, contact Anthony Kazan in the Residential Development Land team or Jake Withers in the Residential Investments team.