Highly desirable self-contained office building (B1) with planning consent to convert to a single house (C3)
The house stands on the site of Tart Hall, the London home of William Howard, 1st Viscount Stafford (1614-1680).
More recently, in the mid-70s, the building was occupied by the Centre for Policy Studies (CPS), a Conservative think tank, under the chairmanship of Sir Keith Joseph and the future prime minister Margaret Thatcher MP as president. Many of the policies that characterised the first Thatcher administration were developed in the building and, as a result, 8 Wilfred Street attracts occasional film crews and political historians, researching ‘Thatcherism’.
The premises currently provide a highly desirable Georgian style headquarters office building, which has been extensively modernised/refurbished over the years.
The property comprises 8 Wilfred Street arranged over lower ground, ground and three upper floors and the lower ground floor of 48 Catherine Place.
EXISTING OFFICE USE
The property has B1 office use.
The Net Internal Area (NIA) of the office and ancillary areas is 2,160 sq ft (200.7 sq m).
There are additional internal and external vaults of 270 sq ft (25.1 sq m).
The Gross Internal Area (GIA) is 3,100 sq ft (288.0 sq m) including the vaults.
EPC Rating D.
The building is currently occupied by six tenants on short term leases, determinable by the Landlord at any time subject to a maximum of four months’ notice. We are advised that the current gross rental income is approximately £172,000 per annum. Further information is available upon request.
PLANNING/RESIDENTIAL USE
The property is not Listed, however it is situated within the Birdcage Walk Conservation Area.
Planning permission was granted on the 10th November 2015 for change of use to a single dwelling house (C3).
(Planning Reference 15/07409/FULL).
Details may be found on Westminster Council’s website: www.westminster.gov.uk
AMENITIES
Victoria Street is approximately 450m away and offers an abundance of amenities having undergone an extensive transformation in recent years with numerous new shops, cafés, bars and restaurants, to be further enhanced when the NOVA scheme comes online at the end of the year. In addition, the area boasts a wealth of theatres and hotels, including the St James’s Theatre and The Goring Hotel.
The area is also served by the new Curzon Cinema and will shortly see the opening of a new Waitrose supermarket.
Location
Wilfred Street is conveniently located for Victoria Mainline Station, one of London’s major transport hubs. The Station serves as London’s primary terminus for trains to and from the South of England and hosts the Gatwick Express, providing a high-speed service to Gatwick Airport.
The premises are also served via Victoria and St James’s Park Underground Stations (Victoria, District & Circle Lines) providing easy access to the City and West End.
Victoria Station is undergoing a £700 million redevelopment including a new entrance/ticket hall accessed from Cardinal Place, which is situated a short walk from the property.
Accommodation
EXISTING PLAN
Gross Internal Area (GIA) 3,100 sq ft (288.0 sq m) (Including All Vaults)
Net Internal Area (NIA) 2,160 sq ft (200.7 sq m) (Excluding All Vaults)
Non-Demised Area 110 sq ft (10 sq m)
PROPOSED RESIDENTIAL PLAN
Gross Internal Area (GIA) 3,100 sq ft (288.0 sq m) (Including All Vaults)
Gross Internal Area (GIA) 2,830 sq ft (262.0 sq m) (Excluding All Vaults)
Non-Demised Area 110 sq ft (10 sq m)
Terms
Freehold and part Virtual Freehold.
The Virtual Freehold is for a term of 999 years from the 25th March 2000 (983 years unexpired) at a Ground Rent of £150 per annum. This interest is subject to a Service Charge which is estimated at c. £400 for 2016.
PRICE
Upon Application.
Specification
- Communal kitchen facilities
- Furniture available (by separate arrangement)
- Business Meeting Rooms (available to rent)
- Intercom system
- Period features
- 2/3 person office
- Meeting rooms (by arrangement)