Wed, 20 Nov 2013 | COMMERCIAL PROPERTY
The Canadian High Commission's Mayfair diplomatic headquarters in Grosvenor Square is up for sale.
With a price tag estimated at £250 million, the seven-storey property comes with a prestigious address and distinguished frontage. The building was refurbished in 2010 and was only reopened by the Canadian High Commission in 2012.
Savills are to handle the sale of the commercial property, which is known as the Macdonald House building. A fair amount of interest is already being shown in the property and despite the fact that it doesn't yet have planning permission for a residential conversion, sources are suggesting that developers are still willing to take the risk due to the fact that the property could be worth at least £500 million if it was converted into flats.
One source told the Evening Standard: “If you were in Grosvenor Square this week you would see a steady stream of limos with blacked out windows all pulling up for people to have a look.
“The building needs a major refurb but you’re likely to see a lot interest from the Middle East, Asia, maybe India which should whittle down to around four or five serious contenders.”
Trusted by McLaren, NATO, Facebook & more. 50%+ profit margin, 30K active contacts, and strong web presence (150K+ clicks). Delivers high-impact training in Premiere Pro, AutoCAD, Unreal Engine, and more. Huge potential for trade buyers. Rare chance...
Discover the rare opportunity to acquire a well-established vehicle transportation agency in Nottingham, renowned for its impressive year-on-year turnover growth and profit margins.
This long-established, family-run butchers and bakery, operating from the same location for 130 years, offers a blend of history, reliability, and modern appeal, serving both retail customers and sectors like hospitality and education.
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.