For Sale5 Bedroom Flat in Sheldon Square, London, W2£3,400,000

An opportunity to develop a penthouse apartment covering the entire top floor of 21 Sheldon Square. Spanning 4123 sq ft (383 sq m) of internal space and 2379 sq ft (221 sq m) of terrace with panoramic views. A penthouse apartment occupying the entire top floor of 21 Sheldon Square. The apartment is currently a shell, giving a buyer the opportunity to refit to their own specification. There is approximately 4,123 sq ft (383 sq m) of internal space, as well as a terrace of approx 2,379 sq ft (221 sq m) with commanding views, as well as direct lift access, two underground parking spaces and one storage cage. Please speak to a member of the sales team regarding existing and proposed consents for alternations. Situation Sheldon Square is a popular modern complex forming part of the vibrant Paddington Basin, filled with popular cafes, restaurants and bars. The location is close to a wealth of transport connections including Paddington Station (Heathrow Express) providing International, National and City links as well as providing tube links on the Elizabeth, Bakerloo, Hammersmith & City and Circle & District lines. Lancaster Gate (central line) is also nearby. For motorists the A40 is also within easy reach. Additional Information Please speak to a member of the sales team regarding existing and proposed consents for alternations. The 5 year average for service charges has been £32,538 pa. The residents and freeholders/managing agents are currently in discussions regarding increased charges relating to major works for the replacement HVAC units and the service charges are currently demanded at an elevated level including contributions towards this (£86,302 pa). Additional information - Development Opportunity - Penthouse - Panoramic Views - Twelfth Floor - Roof Terrace - Residents' Lifts - Two Underground Parking Spaces - Storage Cage - Porter - Moments from Paddington Station (Heathrow Express) Key information Council Tax Band: H Tenure: Leasehold Leasehold Information: - Number of years left on lease: 977 years - Annual service charge: Contact branch - Annual ground rent: £500 - Annual ground rent review period: 4 years - Ground rent increase: 100%