Super prime residential properties

The global super-prime residential market has seen a remarkable performance over recent years.

The growth of significant global wealth has meant that properties at the top end of the key international centres – London, New York, LA, and Monaco – have become increasingly divorced from the wider market.

Whilst prices across the UK and the wider London market fell through 2008, prices in London’s super-prime band actually grew by 11.8% in the year to the end of September.

Wealth portfolios have undoubtedly come under pressure from lower commodity prices and the fall out from the credit crunch, but prices have remained resilient.

Tight supply and strong future demand will ensure that this market represents a tangible long-term investment opportunity.

• Prime residential location with excellent potential to convert the buildings back to two luxury family houses, or a series of apartments.

Princes Gate is located in the London district of Knightsbridge in the City of Westminster, bordered to the north by Hyde Park, to the east by Belgravia, to the south by Chelsea and to the west by Kensington.

Princes Gate is a series of streets set back from Kensington Road (A315) which runs along the south border of Hyde Park from Hyde Park Corner to Kensington High Street.

The subject property is located on the western set-back street, which runs between Ennismore Gardens and Exhibition         Road.

Princes Gate itself lies 400m to the east of Exhibition Road which runs south from Kensington Road to Cromwell Road (A4) half a mile away providing direct access out of London via the M4.

The property also benets from excellent transport with bus, tube and taxi services all available nearby.

Knightsbridge Underground Station (Piccadilly Line) is located within easy walking distance of the property, providing access to central London. Heathrow airport is located approximately 15 miles to the west.

Knightsbridge is regarded as one of London’s most exclusive residential addresses and is served by an excellent range of shopping and entertainment facilities, including Harrods and Harvey Nichols, as well as numerous international couture labels along Sloane Street.

The property also benefits from being adjacent to the open spaces of Hyde Park.

Princes Gate originally constituted two terraces either side of a ne mansion called Kingston House, the west terrace being completed in 1849.

The buildings were designed by the 27 year old architect of Liverpool’s St George’s Hall, Harvey Lonsdale Elmes and built by the firrm of John Elger and John Kelk, responsible for the building of the Albert Memorial.

Many of the elegant town houses and garden squares were constructed in the late 18th and 19th century and in recent times these have been complemented with modern new build residential schemes such as The Knightsbridge and Chevalier House, 10 Lancelot Place and One Hyde Park which are currently under construction.

It is these new developments which offer innovative architecture, interiors -furnished to exquisite standards, on site concierge services and amenity.

This has set a new tone for the super prime end of the Knightsbridge residential market.

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on receipt of a Letter of Interest and a signed Fee agreement.