Large renovated two-bedroom in a prime cultural and shopping quarter.
24-hour porter and recently refurbished communal areas
Spacious 951 sq ft; high ceilings and large bay windows
Two double bedrooms, both with en-suite bathrooms
Newly renovated — ready for immediate occupation
Lease 61 years remaining — lenders likely to refuse mortgages
Service charge extremely high at £19,740 pa (significant running cost)
Ground rent £400 pa; council tax described as quite expensive
Community heating, secondary glazing; solid brick walls with no insulation
Located on the third floor of Empire House, this two-bedroom apartment offers a rare combination of size and position in Knightsbridge. At approximately 951 sq ft the flat is bright, newly renovated and benefits from high ceilings, bay windows and leafy outlooks over Alexander Square. The block provides a 24-hour porter and recently refreshed common parts.
The layout includes two double bedrooms each with en-suite facilities, a large reception with natural light and a separate dining area — practical for rental or owner-occupation in this prime museum-and-shopping corridor. The building runs on a community heating scheme and has secondary glazing; the EPC is rated C.
Buyers should note two material drawbacks. The lease has 61 years remaining — many mortgage lenders will refuse to lend against such a short term. Service charges and running costs are high (service charge stated at £19,740pa), and council tax is described as quite expensive. These costs and the short lease materially affect mortgageability and long-term resale value.
This apartment suits a cash buyer or investor able to manage lease extension and service charge exposure. It offers immediate move-in condition and strong location-led demand, but the financial and legal issues around the lease and ongoing charges must be resolved before conventional purchasers or mortgage-backed buyers can proceed.