The 8,019 sqft Georgian townhouse at 28 Bolton Street in London’s Mayfair, formerly the UK headquarters of RCA Records of Elvis Presley, David Bowie and Diana Ross fame, is for sale providing the opportunity for conversion into a multi-unit residential development providing either four larger apartments or 11 studio suites.

The development opportunity was launched for sale via joint sole agents Knight Frank and Wetherell.

The freehold building currently provides office accommodation in the form of fully fitted office suites, arranged over lower ground, ground and five upper floors, located behind an impressive period façade.

James McCluskey, Partner at Knight Frank (London Capital markets) commented: “With the benefits of a prime Mayfair address and a range of options, 28 Bolton Street offers investors and owner occupiers the opportunity to acquire a freehold property and either continue to use as prime office accommodation or change the use to multi-unit residential. The refurbished asset would provide secure long term income if let and we expect the opportunity to be very well received by the market.”

Peter Wetherell, Founder & Chairman of Wetherell said: “it is rare in Mayfair to have the opportunity to purchase the freehold of an entire townhouse in such a good location. A developer or build-to-rent operator could remodel the property into a multi-unit apartment scheme making 28 Bolton Street then perfect for either rental income or sale. The local South Mayfair district is undergoing significant repositioning with several prominent development schemes including The Clarges Estate and 60 Curzon Street helping to revitalise the area.”

Offers for 28 Bolton Street are invited in excess of £13,500,000 (freehold).

For more information contact joint sole agents Knight Frank or Wetherell.