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Residential News & Views

Rare Mixed Use, Freehold Property Hits Mayfair Market for £40m

Opportunity to Acquire Trophy Asset on One of London’s Most Prestigious Corner Blocks.

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One of Mayfair’s only mixed-use, freehold assets has been brought to market for sale at £40 million through global real estate advisor CBRE and Clifton Property Partners.

The property at 82 Mount Street, which is situated on the corner of Mount Street and Balfour Street, was recently refurbished and offers prospective purchasers a true turnkey asset.

The residential offering comprises four apartments, including two-bedroom lateral apartments over the first, second, and third floors, plus a three-bedroom duplex penthouse on the fourth and fifth floors. Each apartment has been meticulously designed and delivered by Rigby and Rigby, and has direct lift access, comfort cooling, smart home systems, beautifully appointed kitchens and bathrooms, and bespoke joinery. The third floor apartment also benefits from two balconies located off the reception room with iconic views of Mount Street.

In addition to the residences, there is a retail unit with Mount Street frontage, and a self-contained office with a separate entrance to Balfour Place.

Charles Lloyd, of CBRE’s Private Office team, who has been appointed as the joint agent said in the 35 years he has been working in Mayfair, this is the first-ever freehold, mixed-use asset that he has had the opportunity to sell, reflecting its rarity.

“The property presents an appealing opportunity that will motivate buyers - underpinned by its freehold tenure. There is the prospect of long-term wealth preservation, the opportunity to occupy all or part of the building including using the office for business purposes and for a multigenerational family to occupy the residences. But ultimately, the buyer will have complete control over who occupies the building, which is incredibly appealing to any investor operating in Mayfair.”

Mount Street is positioned in the heart of Mayfair and is known as one of the most iconic luxury retail destinations in London, with brands such as Celine, Goyard, Balmain and Purdey. In addition to its luxury retail offering, there are several renowned restaurants and cafes occupying the street, as well as The Connaught Hotel.

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