London Morning Post 28th September 1846133-139 Westbourne Grove & 2 Pembridge Villas, Notting Hill
The properties were sold by Orme Property, experts in British retail property, on behalf of Park Cap Invest, acting as asset manager, to a private French family represented by ® Restaurant Property. The £1,245 ft² price achieved reflected capital value on existing accommodation. The properties have planning for mixed use development comprising 13,000 ft² of residential accommodation and ancillary commercial space.
This red brick and Portland stone villa was built in the 19th century (circa. 1846) by "quality craftsmen in specifically good materials". It's has led an intriguing life as a private home, bank, photography studio and art gallery, and fortunate to escape the WW2 bombing raids that decimated much of the surrounding area. This sale proves the continuing strong demand for high quality assets in Notting Hill.
Even in these unprecedented times, Park Cap Invest maintains the philosophy that – the best hedge is quality assets in quality locations.