CRE LIMITED PROVIDES EXPERTISE TO APPOINT AND MANAGE TEAMS IN ORDER TO DELIVER FOR THE CLIENT ON THEIR PRE-DETERMINED OBJECTIVES.

York House, Berners Street, London W1

A planning application was submitted in December 2018 to use former plant/tank space at the lower ground floor level as residential (Class C3) to provide a new residential unit. The application includes proposals for external works within the west rear lightwell including installation of new doors and new windows.

The project also includes a rationalisation of the water supply tank rooms and pumps for the entire building to replace outdated equipment and free up space for the new flat.

The creation of a new flat from ancillary space within York House which is largely unused at present will provide a much needed additional one bedroom flat in the West End.

This is an ideal location for a new well equipped one bedroom flat.

York House is close to Tottenham Court Road station with its excellent transport links including the Central Line and the Elizabeth Line (Crossrail).

Additionally the new flat is close to Oxford Street with its bus services and shops both in Oxford Street and in the smaller streets both north and south of Oxford Street.

The new flat will pay a building service charge and its contribution to the service charge funds will help the leaseholders refurbish York House.

Further development options have been identified to create additional residential space, these options are being considered by York House (Fitzrovia) Limited to determine which will be pursued.

HISTORY

The 46 lessees of the flats in York House decided in March 2016 to act together to facilitate better management of this residential block.

As part of that new cooperation it was decided to buy the freehold of the building using the statutory process set out in the Collective Enfranchisement provisions of the COMMONHOLD AND LEASEHOLD REFORM ACT 2002.

John Watkins acted on behalf of the participant lessees to agree the purchase price negotiated through Strutt & Parker and to instruct Forsters on the subsequent documentation.

The freehold purchase was completed in January 2018 by York House (Fitzrovia) Limited, a company formed by the participant lessees, which holds the freehold in trust for the participant lessees. John Watkins is a director of York House (Fitzrovia) Limited.

Following completion of the purchase the long leasehold interest in an empty flat, which had been purchased as part of the freehold acquisition, was sold and a cash distribution made to the participant lessees.

Photography provided by Hudsons.

Client

York House (Fitzrovia) Ltd

Project

York House

Usage

Residential

Website

Planning Site

Gallery

Location