A Rare Central London Residential Development & Investment Opportunity

31 January 2017

Savills on behalf of the Trustees of the Royal Brompton and Harefield Hospitals Charity, are bringing to market 1-11 Foulis Terrace in Chelsea.
 
This is a rare opportunity to purchase an unbroken freehold terrace of 11 buildings in Prime Central London.  The elegant, Grade II listed terrace is a short walk from South Kensington underground station, opposite The Bromptons and close to Onslow Square.  On its doorstep are the retail and restaurant amenities of Chelsea.
 
Since the 1960s the majority of the property has been used to accommodate staff based at the Royal Brompton Hospital, but the Charity have now decided to sell the asset as it is no longer fit for their purpose. The proceeds of the sale will be re-invested in further enhancing the facilities at the Royal Brompton Hospital.
 
For the purchaser of 1-11 Foulis Terrace there is an opportunity to upgrade and reconfigure the existing accommodation, subject to the necessary consents. 
 
Luke Hawkesbury, Director of Savills, says:  ”We expect interest in this important sale from around the World as investors continue to focus on London as a preferred  destination for investment.  This is an extremely unusual freehold asset to come to the market with significant potential for capital growth through enhancement of the existing property.”
 
Unconditional offers are invited for the freehold interest in excess of £30,000,000.
 

 
 

Key Contacts

Luke Hawkesbury

Luke Hawkesbury

Director
London Residential Development

Savills Margaret Street

+44 (0) 20 7409 9942

 

Davina Clowes MRICS

Davina Clowes MRICS

Associate Director
Residential Capital Markets

Savills Margaret Street

+44 (0) 207 016 3838