It is rare to find a piece of land in London that is worth so much, but has been used so sparingly. However, the sale of Gordon House, situated close to The Royal Hospital of Chelsea, is the first time this prime property investment has been on the market.
Currently on the market for £75 million, this stately home will sit alongside the likes of One Hyde Park and Cornwall Terrance. Yet unlike other top property investments, the sale of this property won’t lead to the purchase of fast cars or swimming pools…
No, the Royal Hospital of Chelsea plan to use these profits to improve the living conditions of the 250+ pensioners currently living on their Long Ward.
By selling this Stately Home, they can improve the size, space and facilities of each pensioner’s accommodation to give them a better life.
Yet interestingly, the sale of this property investment does come with a few catches.
For £75 million property investors will receive 6 bedrooms, 2 kitchens, a library and a built in lift. However one of the conditions of this property sale is that legally the buyer will have to:
- Build a connecting building which must provide underground access from Gordon House as well as a spa, gym complex (pool included) and bedrooms for 4 members of staff.
- The building is to be used as a private residence NOT for offices or a corporate HQ.
And such improvements won’t be cheap given that the property has had little done to it for years.
To renovate will cost millions.
However it is impossible to deny the opportunities this property investment has got to offer. Situated in a top property location, overlooking 2 acres of land, it really is a prize piece of property.
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