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Lot 650

Knightsbridge Development Site Near Harrods – Auction

Guide price £ 17,000,000

Type of Sale

Private treaty sale held under Auction Contract

Key Features

  • 1 three-bedroom flat
  • 3 two-bedroom flats
  • and 1 four-bedroom flat. The flats have wooden flooring. Each flat is fully furnished. The building has air conditioning throughout. There is potential to create a roof terrace
  • excluding the lower ground floor. The building comprises of 7 flats in total
  • including 2 studios
  • subject to planning permission.
  • The building is within 200 meters of Harrods. It is a freehold property. There is direct lift access to each apartment

Description

Sales Particulars for Knightsbridge, London Development Site

Presented by World of Auctions and Remi Charles

Property Overview

This newly refurbished residential building is located in one of the premier garden squares in Knightsbridge, London. The building comprises of 7 flats and terraces. The guide price for the property is £17 Million, and it is a freehold property subject to contract.

Key Features

  • The building is within 200 meters of Harrods.
  • It is a freehold property.
  • There is direct lift access to each apartment, excluding the lower ground floor.
  • The building comprises of 7 flats in total, including 2 studios, 3 two-bedroom flats, 1 three-bedroom flat, and 1 four-bedroom flat.
  • The flats have wooden flooring.
  • Each flat is fully furnished.
  • The building has air conditioning throughout.
  • There is potential to create a roof terrace, subject to planning permission.

Investment Opportunity

This property presents a great investment opportunity. The building was refurbished in 2023, and planning permission was granted in 2021 to extend the building to create 9 flats.

Flat Details

Flat Floor Sq. ft Beds Baths
1 Basement 417 Studio 1
2 Ground 350 Studio 1
3 Ground 1061 2 bed/duplex 2
4 1st 1238 4 bed/duplex 3
5 2nd 745 2 bed 2
6 3rd 719 2 bed 2
7 4th 1455 3 bed/duplex 3

Contact Information

For further information or to arrange a viewing, please contact the joint selling agents: World of Auctions

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  • Email: edward@worldofauctions.co.uk
  • Phone: 07971033276

Remi Charles

A black square logo with the white letters "RC" prominently displayed. "REMIE CHARLES" and "LUXURY REAL ESTATE" are written in white, capturing a modern, minimalist aesthetic. This symbolizes Remi-Charles Real Estate’s international presence, partnering with World of Auctions for joint auctioneers.
Remi-Charles Real Estate’s international presence, partnering with World of Auctions for joint auctioneers.

Please note that viewing is strictly by appointment. No representations or warranties are made in relation to the property. The particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and no services, equipment or facilities have been tested. Purchasers must satisfy themselves by inspection or otherwise.

Get in touch

Edward Swindells Consultant Auctioneer & Valuer

Location

Knightsbridge, London Development Site SW1X London

Accommodation

 

Flat Details

Flat Floor Sq. ft Beds Baths
1 Basement 417 Studio 1
2 Ground 350 Studio 1
3 Ground 1061 2 bed/duplex 2
4 1st 1238 4 bed/duplex 3
5 2nd 745 2 bed 2
6 3rd 719 2 bed 2
7 4th 1455 3 bed/duplex 3

Map

Important Notices & Guidance Notes

Important notices

Pre-registration approval to bid, guide prices, reserves, additional charges and other matters.

Pre-registration approval to bid World of Auctions now require all bidders who wish to bid at our Auctions to register. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given.

Please use the links on our website to pre-register. Following approval to bid, the buyer named in your registration cannot be changed without the consent of the auctioneers.

Guide Prices

A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.

Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.

The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website, and you should check the website regularly for updates and on the day of the auction.

All guide prices are quoted “subject to contract”.

Please note the guide price for the Lot does not include: – any Buyers’ Fee charged by the auctioneers; – VAT on the sale price; – SDLT or any other Government taxes.

Additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.

If a guide price is listed as “TBA”, it means no guide price has been set at present. Please do call our office about this. The guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.

Reserve Prices

The reserve price is the minimum price at which the Lot can be sold.

Whilst every effort is made to ensure that the advertised guide prices are up to date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction.

World of Auctions, Residential and Commercial Auctions. Our content is meticulously curated by our seasoned professionals, specifically tailored for discerning property buyers. Our platform is best suited for experienced institutional or business buyers, as well as individuals equipped with the necessary knowledge and expertise to make informed purchasing decisions. We deal in properties that come with their own unique set of risks, which our sophisticated buyers understand. If you’re uncertain about meeting these prerequisites, we recommend seeking independent advice or reaching out to us directly.”

Buyers Premium 

A buyer’s premium is an additional charge that successful bidders are required to pay on top of their final bid price at a property auction. This fee is typically a percentage of the final bid and is paid directly to the auction house. It serves as a kind of commission for the auctioneer’s services. The exact percentage can vary depending on the auction house. At world of Auctions our buyers premium on Property (Real Estate sales) is normally £5000 plus vat. It is usually clearly stated in the auction’s terms and conditions. It’s crucial for bidders to factor in the buyer’s premium when determining their maximum bid, as it significantly affects the total cost of the property.

Buyers’ fees, Seller’s fees and additional charges

For each Lot, a documentation charge / Fee is payable on the fall of the hammer to World of Auctions as follows:

Residential Auctions – Lots sold for £10,000 or more: Buyers’ Fee of £1,500 inclusive of VAT.

Lots sold for less than £10,000: Buyers’ Fee of £500 inclusive of VAT.

Commercial Properties – All Lots: Buyers Fee £1,000 excluding VAT

Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.

VAT may be chargeable in addition to the sale price for the Lot. The auctioneer will announce this and will be contained within the particulars.

Other Matters

Please note that Lots may be sold or withdrawn at any time prior to auction.

Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer’s Fee may be varied from the standard amounts quoted upon or website or by a member of our sales team. So please check.

Please refer to the addendum, the Particulars and/or the conditions of sale.

Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020

The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing.

The Auctioneers do not warrant or represent that any plans or photographs show the up-to-date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.