K E N S I N G T O N

• The property has served as the Kingdom of Netherlands Embassy since 1953 and offers the potential to redevelop to provide an internationally significant super prime central London residential development (subject to planning).

• A super prime central London residential development opportunity (subject to planning) in the Royal Borough of Kensington and Chelsea located adjacent to Kensington Gardens.

• Located close to the royal residence Kensington Palace and the occupants of Kensington Palace Gardens, recognised as London’s most exclusive address.

• A generous 0.47 acre (0.19 hectare) site with extensive panoramic views over Kensington Gardens and Hyde Park, two of the 8 Royal Parks of London.

• An extremely rare opportunity to acquire a landmark freehold in Kensington bordering Knightsbridge, home to London’s most exclusive residential and business addresses and globally renowned retail destination.

• A proposed scheme provides a net residential sales area of 6,800 sq m (73,195 sq ft) over 18 private residential apartments with enviable lateral accommodation (subject to planning).

• A proposed scheme delivers exclusive concierge and security services with 18 secure basement car parking spaces, gym, swimming pool and spa.

T H E O P P O R T U N I T Y

T H E L O C AT I O N

T H E B O R O U G H I S H O M E T O M A N Y M U S E U M S ,

G A L L E R I E S , E X H I B I T I O N S A N D O T H E R C U LT U R A L

A N D A R T I S T I C I N S T I T U T I O N S A N D V E N U E S . T H E R E

A R E T H R E E M A J O R N AT I O N A L M U S E U M S L O C AT E D

I N S O U T H K E N S I N G T O N ; T H E S C I E N C E M U S E U M ,

T H E N AT U R A L H I S T O R Y M U S E U M A N D T H E

V I C T O R I A A N D A L B E R T M U S E U M .

P r i m e D e v e lo pm en t O p p o r t u n i t y

The propety is located in the exclusive Royal Borough of Kensington and Chelsea. The area is bound by Notting Hill and Holland Park to the North; by Brompton and Knightsbridge to the East; by Chelsea and Earls Court to the South and Hammersmith to the West.

The area has historically been home to London’s social elite, and the principle landowners of the Duke of Westminster and the Earl of Cadogan retain control over much of areas such as Knightsbridge, leading to an exceptional and unrivalled local environment. The borough is also home to major international businesses which

are attracted to the area by the ease of access to the West End, City and Canary Wharf.

From a retail perspective, Knightsbridge to the East is defined in the London Plan as one of the 2 International Centres in London identifying the area as a globally renowned retail destination with enviable public transport accessibility. Due to this flagship stores such as Harvey Nichols and Harrods are located here, and the

luxury global fashion designers such as Jimmy Choo, Bvlgari, Gucci and Roberto Cavalli have located stores here.

The Royal Borough of Kensington and Chelsea is home to London’s most iconic super prime residential developments with the world famous Candy and Candy One Hyde Park scheme, the Squire and Partners designed The Knightsbridge, and the De Vere Estates De Vere Gardens Scheme.

T H E L O C AT I O N

Ch

esham

St

Cromwell Rd

Queen’s G

ate

Queen’s G

ate

KnightsbridgeA315

A3216

Pont St

B319

A3217

A3216

Slo

ane St

Sloane Ave

Drayc

ott PlOld Brompton Rd

Marlo

es Rd

A4204

Cromwell Rd

Fulha

m R

d

A4

A4

Bro

mpton R

d

Kensington High St

B31

0

A3220

A3218

High StKensington

Gloucester Rd

Earl’s Court

SouthKensington

SloaneSquare

Knightsbridge

Kensington Gardens Hyde Park

38

L O C AT I O N M A P

NATURAL HISTORY MUSEUM

ROYAL ALBERT HALL

BUCKINGHAM PALACE

SLOANE SQUAREHYDE PARK

SERPENTINE

38

KENSINGTON GARDENS

A E R I A L M A P

ONE HYDE PARK

MANDARIN ORIENTAL

HARRODS

HARVEY NICHOLS

BOND STREETMAYFAIR

C O N N E C T I V I T Y

L O N D O N ’ S T R A N S P O R T S Y S T E M I S W O R L D R E N O W N E D F O R I T ’ S C U LT U R A L A N D

H I S T O R I C A L H E R I TA G E . A LT H O U G H R E T I R E D F R O M W I D E S C A L E U S E I N L O N D O N

T H E Q U I N T E S S E N T I A L LY E N G L I S H D O U B L E D E C K E R R O U T E M A S T E R E N D U R E S ,

W I T H V E H I C L E S I N U S E I N C O U N T R I E S S U C H A S C H I N A , M A L AY S I A A N D C A N A D A

A M O N G S T O T H E R S . L O N D O N I S A L S O P R O U D T O H A V E H A D T H E F I R S T , U R B A N

U N D E R G R O U N D R A I LW AY I N T H E W O R L D W H I C H H A S G R O W N A N D D E V E L O P E D

I N T O T H E I C O N I C L O N D O N U N D E R G R O U N D S Y S T E M .

P r i m e D e v e lo pm en t O p p o r t u n i t y

Kensington benefits from excellent transport links providing easy access to the West End, City and Canary Wharf via the London Underground (District and Circle lines) at High Street Kensington station within 10 minutes walk of the property.

Transport links will be further improved across central London by Crossrail from 2018 onwards, providing enhanced journey times between Heathrow Airport, the West End, the City and Canary Wharf.

International travel is provided by Heathrow Airport which is less than 30 minutes drive to the west.

L o c a t i o n D i s t a n c e Tr a v e l T i m e

West End 2.2 Miles 9 Minutes (3.5 Kilometres) City 4.5 Miles 18 Minutes (7.2 Kilometres) Canary Wharf 7.6 Miles 26 Minutes (12.2 Kilometres)

L o c a t i o n D i s t a n c e Tr a v e l T i m e

Heathrow Airport 15.1 Miles 29 Minutes ( Kilometres) London City Airport 11 Miles 33 Minutes ( Kilometres) Gatwick Airport 36.3 Miles 57 Minutes ( Kilometres)

C O N N E C T I V I T Y

CENTRAL

LONDON

38

CANARY WHARF26 mins

WEST END9 mins

GATWICK57 mins

CITY AIRPORT33 mins

HEATHROW29 mins

T H E S I T E

3 8 H Y D E P A R K G AT E O V E R L O O K S K E N S I N G T O N

G A R D E N S A N D H Y D E P A R K W H I C H A R E T W O O F

T H E E I G H T R O YA L P A R K S O F L O N D O N . T H E S E

P A R K S C O M B I N E T O M A K E U P A L M O S T 6 2 0 A C R E S

O F O P E N S P A C E I N T H E H E A R T O F L O N D O N .

P r i m e D e v e lo pm en t O p p o r t u n i t y

T H E S I T E

GATEPARKHYDE

HYDE PARKGATE MEWS

29

1to

12

14to

24

4245

30

Chance llor House

14.1m

14.5m

HYDEPARK

GAT E

HYDE PARK GATE KENSINGTON ROAD

PLAC

E

HYDE

PARK

GAT

E

RESTON

54

16

381to26

9

54a

31

40

53a

39

52

34

53

6

8

6

35

48

7to8

Shelter

Broadwalk House

49

Shelter

Shelter

35a

0m 10m 20m 30m

This plan is published for convenience of identification.Any site boundaries shown are indicative only and

should be checked against Title Deeds.

ES753998

38 Hyde Park Gate

London SW7 5DP

Ordnance Survey © Crown Copyright 2014. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250

The property is registered under Title No 454532. A copy of the Title Register and Title Plan is available on the data room.

The freehold site extends to 0.47 acres (0.19 hectares) and is bounded by Hyde Park Gate to the North and West. To the South the property adjoins 39 Hyde Park Gate. The site has extensive views across Hyde Park to the North.

The immediate area is predominantly residential in character, with a number of luxury residential homes and high profile apartment schemes.

The site benefits from vehicular ingress & egress for a gated drive offering private secure parking, this can be accessed from both Kensington Gore and Hyde Park Gate.

T H E S I T E

T H E E X I S T I N G P R O P E R T Y

38 Hyde Park Gate was originally built as a red brick mansion block around the start of the twentieth century in the Queen Anne style.

The property extends to 6,997.9 sq m (75,235 sq ft) GIA arranged over basement, ground and 6 upper floors as detailed in the schedule:

F l o o r S q m S q F t

Seventh 201.3 2,167 Sixth 602.9 6,490 Fifth 800.4 8,615 Fourth 861.6 9,274 Third 878.4 9,455 Second 878.7 9,458 First 872.7 9,394 Ground 950.8 10,234 Basement 951.1 10,238

To t a l 6,997.9 75,235

P L A N N I N G

T H E R O YA L B O R O U G H O F K E N S I N G T O N &

C H E L S E A H A S 3 5 C O N S E R V AT I O N A R E A S W H I C H

C O V E R S O V E R 7 0 % O F I T S A R E A . I T A L S O H A S

S O M E 3 , 8 0 0 B U I L D I N G S L I S T E D F O R T H E I R

S P E C I A L A R C H I T E C T U R A L O R H I S T O R I C A L

I M P O R TA N C E .

P r i m e D e v e lo pm en t O p p o r t u n i t y

DP9 have provided a planning report which considers the potential in planning terms for alternative uses on the site, including conversion and redevelopment of the existing building. The key conclusions of the report include:

• Personal planning permission was granted in March 1953 for use of the basement, ground, first, second and third floors for the purposes of the Royal Netherlands Embassy and Consulate. The upper floors have not been the subject of a change of use and are believed to have remained in lawful residential use since the buildings original

construction.

• The site is the subject of the following designations on the Core Strategy Proposal Map: - The site falls within the Queensgate Conservation Area; - The site is within the Air Quality Management Area; and

- The site is designated as an Area of Metropolitan Importance.

• The building is not listed.

• There is no policy contained in the Core Strategy or UDP which resists the loss of Embassies. However, the supporting text of saved UDP Policy E29 states that where diplomatic use ceases in a building which was formerly in residential use the Council will require its return to full residential use unless re-occupied by another diplomatic user.

RBKC’s priority on vacation of the Embassy will be for the building to be converted to residential.

• The site benefits from good transport accessibility (PTAL 5) and would be suitable to high trip generating uses. Therefore whilst RBKC would seek the building to be converted to residential, there may be potential for the site to accommodate office and/or hotel uses.

• The current building on the site can be considered to have a positive impact on the character and appearance of the Conservation Area. For its demolition to be acceptable, a replacement building would need to be of the highest architectural quality. There is the potential for the facades of the building to be retained with new construction behind.

P L A N N I N G

Paul Davis & Partners have been instructed to create a residential scheme based on a redevelopment of the existing building. The design demonstrates an exciting potential scheme that retains the attractive existing façade of 38 Hyde Park Gate (subject to planning). The design was produced after a Rights of Light study was

undertaken by GVA Schatunowski Brooks in order to ascertain the development potential for any proposed scheme.

The building envelope produced (available in the dataroom) demonstrates the potential to maximise the roof elements as well as the Western elevation of the building. A visual structural survey undertaken by the Waterman Group and a measured survey provided by Plowman Craven were both considered during the design process.

The proposed scheme delivers:

• 18 generously apportioned apartments offering enviable lateral accommodation

• Apartments on floors 1-7 all include generous external space with wonderful views over Kensington Gardens and Hyde Park

• Luxury residents spa & gym

• 2 residents lifts & 1 service lift

• Underground car parking with 18 spaces

• Exclusive front courtyard for concierge assisted drop off services

D E V E L O P M E N T

Plant

92m2

Gym

165m2

Ch

an

gin

g 5

2m

2

Swimming Pool

251m2

New terraceNew terrace

Enla

rged lig

htw

ell

Enla

rged lig

htw

ell

Bike Store

59m2

Car Stacker Lift

Te

na

nt

Sto

rag

e

55

m2

Bedroom

53m2

Po

ol S

tore

10

m2

Kitchen/ Dining

30m2

Reception

46m2

En-suite

13m2

Bathroom

9m2

Hall

17m2

En-s

uite

11

m2

WC

5m2

Spa Pool

Circulation 49m2

Hall

14m2

Reception

40m2

Bedroom

22m2

Kitchen

13m2

Re

ce

ptio

n

35

m2

Kitchen

8m2

Bathroom

8m2

Bedroom

28m2

Hall

20m2

18

cars

per

leve

l

Ca

r S

tacker

Car Stacker Lift

Proposed Basement Plan

Proposed Lower Ground Floor Plan

P R O P O S E D B A S E M E N T P L A N

P R O P O S E D L O W E R G R O U N D F L O O R P L A N

F L O O R P L A N S

P r i m e D e v e lo pm en t O p p o r t u n i t y

WC

4m2

Cloak

4m2

1100liteurobin

1100liteurobin

1100liteurobin

Drop-off

Existing vehicular entrance

Existing tree

H Y

D E

P

A R

K

G A

T E

Existing tree

Entrance Hall

43m2

Pla

nt

Access

Gatehouse

2x parking spaces

Dressing

9m2

Utility

6m2

Wine

Cellar

11m2

Utility

15m2

En-s

uite

8m

2

En-suite

8m2

Bedroom 1

52m2

Reception

84m2

Dining

20m2

Hall

20m2

Kitchen

14m2

Study/

Library

15m2

Lobby

16m2

Wine

Cellar

6m2

WC 4m2

Clk4m2

Service/ escape

Reception

71m2

Hall

20m2

Study/

Library

15m2

Kitchen

14m2

Dining

16m2

Car Stacker Lift

dro

p k

erb

recycling & refuse

new service road & landscaping

Porch

1100liteurobin

1100liteurobin

1100liteurobin

Meters

Exit

En-suite

9m2

Bedroom 3

31m2

Bedroom 2

31m2

Dressing

9m2

En-suite

9m2

Dressing

9m2

En-suite

9m2

Bedroom 1

33m2

Bedroom 2

32m2

Dressing

9m2

En-suite

9m2

Dressing

9m2

Proposed 1st-5th Floor Plans

Proposed Ground Floor Plan

En-suite

12m2

Dressing

6m2

En-suite

9m2

Lobby

7m2

WC

4m2

Bedroom 1

52m2

Bedroom 3

31m2

Bedroom 2

31m2

Reception

84m2

Dining

23m2

Wine

Cellar

11m2

Kitchen

16m2

Reception 1

79m2

Dining

20m2

Hall

9m2

Bedroom 1

52m2

Kitchen

36m2

Lobby

7m2

Study

12m2

Hall

9m2

Cloak

4m2

Utility

11m2

Wine

Cellar

11m2

Utility

11m2

Study/

Library

15m2

WC

4m2

Cloak

4m2

Lobby

8m2

Balcony Balcony Balcony Balcony

New

Balc

ony

Dressing

9m2

En-suite

9m2

Dressing

9m2

En-suite

14m2

En-suite

12m2

Dressing

6m2

Lobby

8m2

En-suite

14m2

En-suite

9m2

Bedroom 3

33m2

Bedroom 2

31m2

Dressing

9m2

En-suite

9m2

Dressing

9m2

P R O P O S E D G R O U N D F L O O R P L A N

P R O P O S E D 1 s t - 5 t h F L O O R P L A N S

F L O O R P L A N S

P r i m e D e v e lo pm en t O p p o r t u n i t y

F L O O R P L A N S

Te

rra

ce

Dressing

13m2

Lobby

7m2

Bedroom 1

35m2

Bedroom 3

31m2

Reception

83m2

Dining

23m2

Wine

Cellar

11m2

Kitchen

15m2

Reception 1

51m2Dining

20m2

Hall

9m2

Kitchen

16m2

Lobby

7m2

Study

21m2

Hall

9m2

Utility

11m2

Wine

Cellar

11m2

Utility

11m2

Study/

Library

15m2

En-s

uite

11

m2

Bedroom 2

32m2

En-suite

10m2

Bedroom 1

28m2

Bedroom 3

25m2

Bedroom 2

25m2

En-s

uite

8m

2

En-s

uite

9m

2

Te

rra

ce

WC

4m2

Cloak

4m2

WC

4m2

Cloak

4m2

En-suite

10m2

Dressing

13m2

En-s

uite

11

m2

Te

rra

ce

Te

rra

ce

Te

rra

ce

Te

rra

ce

Terrace

Hall

13m2

WC

4m2Cloak

8m2

Bedroom 1

38m2

Bedroom 3

26m2

Bedroom 3

34m2

Dressing

7m2

En-suite

9m2

En-suite

9m2Dressing

12m2

Reception 2

73m2

Reception 1

86m2

Te

rra

ce

Lobby

9m2

Utility

13m2

Kitchen

23m2

En-suite

13m2

Penth

ouse G

IA:

477m

2/ 5,1

34sq.f

t.

Te

rra

ce

Te

rra

ce

Te

rra

ce

Te

rra

ce

Proposed 7th Floor PlanProposed 6th Floor Plan

P R O P O S E D 6 t h F L O O R P L A N P R O P O S E D 7 t h F L O O R P L A N

P r i m e D e v e lo pm en t O p p o r t u n i t y

F l o o r S q m S q F t

Seventh 537 5,782Sixth 863 9,289Fifth 1,031 11,096Fourth 1,031 11,096Third 1,031 11,096Second 1,031 11,096First 1,031 11,096Ground 1,039 11,188Lower Ground 1,391 14,976Basement 337 3,628

To t a l 9,322 100,342

P R O P O S E D G E A

T H E M E A S U R E M E N T S F O R T H E P R O P O S E D S C H E M E A R E A P P R O X I M AT E A N D S H O U L D B E U S E D F O R G U I D A N C E O N LY

F l o o r S q m S q F t

Seventh 427 4,596Sixth 728 7,836Fifth 893 9,612Fourth 893 9,612Third 893 9,612Second 893 9,612First 893 9,612Ground 727 7,825Lower Ground 393 4,230

To t a l 6,740 72,549

P R O P O S E D N S A

P R O P O S E D G I A

F l o o r U s e S q m S q F t

Seventh Residential 427 4,596Circulation 60 646

Sixth Residential 728 7,836Circulation 75 807

Fifth Residential 893 9,612Circulation 72 775

Fourth Residential 893 9,612Circulation 72 775

Third Residential 893 9,612Circulation 72 775

Second Residential 893 9,612Circulation 72 775

First Residential 893 9,612Circulation 72 775

Ground Residential 727 7,825Circulation 155 1,668Ancillary 85 915

Lower Ground Residential 393 4,230Circulation 116 1,249Spa/Gym/Bike Store 737 7,933

Basement Car Park 315 3,391

To t a l 8,643 93,033

S C H E D U L E O F P R O P O S E D A R E A S

M A R K E T

T H E B O R O U G H ’ S M O T T O I S

Q U A M B O N U M I N U N U M H A B I TA R E ,

W H I C H C A N B E R O U G H LY T R A N S L AT E D A S

‘ W H AT A G O O D T H I N G I T I S T O D W E L L

T O G E T H E R I N U N I T Y ’ .

P r i m e D e v e lo pm en t O p p o r t u n i t y

M A R K E TThe Super Prime market has been fuelled by London’s political stability, first class higher education system and quality of the cosmopolitan lifestyle and culture. The

capital’s booming financial services and business investment industries has also added to the burgeoning market for prime property.

London’s Super Prime market is intrinsically linked to wealth distribution. It is well documented by commentators such as Forbes and the Financial Times that London is a focus for the super rich and that this group is consistently growing.

A record 1,645 billionaires made the Forbes 2014 List of the World’s Richest People with an Aggregate Net Worth of $6.4 Trillion, up from $5.4 trillion from the year before. The average net worth of those billionaires was $4.7 billion (up from $4.2 billion in 2013).

Europe boasted the most billionaires outside of the U.S., with 468 billionaires, and it is estimated that London is home to 67 billionaires. This made it the most popular of Western Europe’s capitals with the ultra-wealthy, ahead of Paris with 25 and Geneva with 18.

More millionaires migrated to the UK over the last ten years compared to any other country worldwide, and London topped the rankings for millionaire residents in a single city. As a result the UK is now host to 815,000 dollar millionaires, third globally behind the US and Japan, but its net inflow represented a 16 percent increase

over the decade, compared with just 1 percent for the US.

L E G A L

F U R T H E R I N F O R M AT I O N

L E G A L I N F O R M AT I O N

For further information please contact the sales team to request access to the dataroom. The dataroom includes the following information:

• Title Register and Plan• Plowman Craven Measured Survey• Building Survey • Energy Performance Certificate• Planning Briefing Note • Draft Sale Contract• Draft Lease • Report on Title

It is well documented that the Kingdom of Netherlands Embassy is looking to relocate to a site which has already been acquired in Nine Elms. Therefore the sale of 38 Hyde Park Gate will be subject to an 42 month occupational lease back on a peppercorn from Exchange of Contracts as the Embassy finalises details of the impending move. A copy of the draft lease is available on the dataroom.

The property is subject to a Deed which agrees mutual means of escape at roof level between the subject property and the adjoining residential block to the South, 39 Hyde Park Gate. A clause is contained in the Deed which allows either party to end the agreement with a 4 month notice period. Full details and a copy of the Deed are available on the dataroom.

P r i m e D e v e lo pm en t O p p o r t u n i t y

M E T H O D O F S A L E Residential Development

Jack Simmons Direct Dial: + 44 (0) 20 7152 5386 Mobile: +44 (0) 7734 078161Email:

James ChellDirect Dial: + 44 (0) 20 7152 5396Mobile: +44 (0) 7921 092317Email:

Central London Development

James Bain-MollisonDirect Dial: + 44 (0) 20 7152 5223Mobile: +44 (0) 7730 358073Email:

Tom Burnage Direct Dial: + 44 (0) 20 7152 5513Mobile: +44 (0) 7793 808513Email:

Unconditional offers with an 42 month occupational leaseback are invited for the freehold interest.

V I E W I N G S All appointments are strictly by appointment only through Cushman & Wakefield development team.

V AT We are advised that the property is not elected for VAT.

Cushman & Wakefield LLP (and any joint agent appointed) on its own behalf and for vendors or lessors of this property, whose agent it is, gives notice that:1. The particulars are produced in good faith, but are a general guide only and do not constitute any part of a contract.2. No person in the employment of the agent(s) has any authority to make or give any representation or warranty whatsoever in relation to this property.3. The property is offered subject to contract and unless otherwise stated all rents are quoted exclusive of VAT.4. Nothing in these particulars should be deemed a statement that the prop-erty is in good condition, or that any services or facilities are in working order.5. Unless otherwise stated, no investigations have been made regarding pollution, or potential land, air or water contamination. Interested parties are advised to carry out their own investigations if required.May 2014

C O N TA C T

P r i m e D e v e lo pm en t O p p o r t u n i t y