Cushman & Wakefield and Northstar Property Partners are selling the 123-year-long lease interest in 8 Berkeley Square in Mayfair, London, with a £27.5m guide price.
28 Berkeley Square, Mayfair, London
Brought to the market on behalf of an undisclosed seller, the 10,131 sq ft, grade-II listed Georgian building has five floors and includes a first-floor balcony overlooking the square.
The property, built in the early 1820s by master builder Thomas Cubitt, was the residence of the Parker Gallery in the mid-20th century, Morton’s private members club in the 1970’s and most recently operated as the Louis Vuitton Hotel.
Neighbouring properties are occupied by exclusive clubs Annabel’s, Maison Estelle and The Landsdowne, five-star hotel and spa the Connaught, restaurants Bacchanalia, Lilibet’s, Amazónico and Sexy Fish, plus shops for upmarket fashion brands Oscar de la Renta, Balmain and Lanvin.
Paul Gummer, partner, London office capital markets at Cushman & Wakefield, said: “This is one of the most recognisable hospitality assets in Mayfair overlooking one of London’s most coveted garden squares.
“It’s the combination of heritage, scale, licensing, flexibility and global brand appeal makes 28 Berkeley Square one of the most desirable leisure and hospitality sales of the year.”
Matt Ashman, partner, head of leisure and restaurants at Cushman & Wakefield, added: “This is an intimate, discerning proposition for an owner operator who wants to make a real impact with a select clientele.
“The Cubitt provenance, setting and calibre of neighbours give it a quiet authority, while the scale and licensing mean it can flex. Opportunities to both own and create something this special come to market once in a decade at most.”
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