Offered by appointment of LPA Receivers, this is a rare residential development opportunity on Cheyne Place, one of Chelsea’s most historic and sought-after addresses. Planning consent is in place for a carefully considered scheme of five luxury apartments, presenting an exceptional opportunity to deliver a landmark residential building within one of London’s most established prime neighbourhoods.


The site occupies a prominent position moments from the River Thames and within easy reach of Sloane Square. The existing structure is currently in a state of partial demolition, with planning permission granted for the construction of a striking six-storey building including a basement level. Once complete, the scheme will comprise five self-contained Class C3 residential apartments arranged across the ground floor and five upper levels, providing a total net saleable area of approximately 5,726 sq ft.


Full planning permission (Ref: PP/22/01587) was granted by the Royal Borough of Kensington and Chelsea on 25 January 2023. The approved scheme has been designed to maximise both space and natural light, delivering well-proportioned lateral apartments throughout the building.


Further architectural work has been undertaken by the acclaimed practice Goldstein Heather Architects. The CGI imagery within these particulars illustrates a revised design proposal prepared by the studio, which has not yet been submitted for planning approval. RIBA Stage 4 designs and drawings have been prepared, and Goldstein Heather remain engaged to ensure continuity of knowledge and a smooth transition for the incoming developer.


The Community Infrastructure Levy (CIL) liability has been confirmed at £383,926.83. A Rights of Light policy was enacted in March 2022 and prospective purchasers should satisfy themselves regarding any further obligations. Under the Section 106 agreement the development is designated car-free, with the exception of the ground-floor two-bedroom apartment, which retains eligibility for a local parking permit.


Cheyne Place sits at the historic heart of Chelsea, positioned between Sloane Square and the River Thames. The street is particularly well placed for the neighbourhood’s long-established mix of galleries, restaurants and independent boutiques, while the Chelsea Physic Garden lies quite literally on the doorstep. Just across the river, the 200-acre expanse of Battersea Park provides extensive green space, walking paths and sporting facilities.


Sloane Square Underground Station (Circle and District lines) is located approximately 0.7 miles away, offering direct connections to the West End and the City, while Royal Hospital Road provides excellent local bus links through central London.


A full data room is available upon request. Each party is to bear their own legal costs and viewings are strictly by appointment with United Kingdom Sotheby’s International Realty. Best and final offers are requested by 12pm on 2nd April 2026 and should be submitted in writing by email to rkg@sothebysrealty.co.uk, supported by proof of funding together with clear transaction timescales.