Portfolio

London, W1

Author
Denny Lane

Prospect Capital was pleased to assist with the acquisition of a residential property situated on the south side of Grosvenor Street in Mayfair, just east of Grosvenor Square. The area is well served by local amenities and high end shopping facilities with Oxford Street situated approximately 0.3 miles to the north and Bond Street situated approximately 0.5 miles to the east. In addition, Hyde Park is situated immediately to the west. The property is arranged over the basement, ground and four upper floors. There is also storage space on the 5th floor with a terrace. The property has been finished to a high specification and benefits from a passenger lift.

The clients are an overseas family office with an existing UK property portfolio and a strong track record of developing assets in this sector. Subject to planning, Prospect Capital has agreed to provide a development facility to further enhance the property.

At Prospect Capital we seek to support our clients and build long standing relationships, and have agreed in principle to also assist with the family's forthcoming acquisition on Portman Square W1.


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Key Facts

Advance

£12.2m

Term

10 Months

LTV

70%

CONTACT

To begin a discussion about working with Prospect Capital, please contact Denny Lane on +44 (0)1534 710946 or email denny.lane@prospectcapital.je