Home to palaces, museums and art galleries, central London offers limited property for sale for those looking for a residential address.
Keeping such a market in mind, developers are now turning former office blocks into residences.
One of these is Maddox Street, on the street of the same name. The block is undergoing renovation and transformation into five apartments. Built around 1910, it housed offices and a retail space before the conversion.
The developer Amazon Property is the driver behind the address with a W1 postcode, close to the Victoria Miro and Francis Kyle art galleries.
The apartments come with a price tag in the range of £1.3 million to £6 million. The block includes one-, two- and three-bedroom flats besides a three-bedroom duplex penthouse. Some of them come with a study. All of the units have a private outdoor space. The apartments are between 463 square feet and 2,164 square feet in size.
“With limited space available in the capital, office to residential conversions are the most effective way to deliver chic housing,” says Chris Lanitis, a partner at Amazon Property.
“Many of Mayfair’s period properties were previously converted from their original residential purpose, which are now proving unsuitable for modern open-plan working. These properties are top on the list for residential redevelopment, and we’re working hard to restore these buildings to their former glory.”
Close to stores on Bond, Regent and Oxford Streets, the property is also walking distance to upmarket restaurants. It is also a few minutes from Oxford Circus, where, for those willing to take the underground, connections are available with the Bakerloo, Victoria and Central line services.
Amazon Property is also working on other projects including Paramount House in Soho, 5 Portland Place in Marylebone, The Buckingham Collection at Covent Garden, Pall Mall at St James’s, the Hempel Collection at Bayswater, and projects at Kensington Park Road and Collingham Road. All of these are primarily conversions of office blocks into residential properties, except The Hempel Collection, which is the conversion of two hotels.
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