General Description
10 Lees Place is a substantial, low built property comprising eleven apartments over first to third floors and six commercial (A2/A1/B1) units over ground and lower ground with a total square footage of 12,507 sq ft (GIA). The entire building is owned on a headlease of 75 years from December 1975 (42 years remaining) and the apartments are owned in six SPV's allowing for possible lease extensions in the future. The commerical units are currently divided into six although a licence has been granted from the freeholders (Grosvenor Estate) allowing them to be combined to create one office of 6,131 sq ft. The residential (C3) part of the block has its own, private ground floor entrance and a lift servicing all floors, it benefits of established use for short term lettings (less than 90 days) and are currently fully let with an income of approximately £543,400pa with a mixture of long and short term tenants both of which are allowed.

 

 

Viewing
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