This corner property is currently a vacant freehold office building which benefits from five private offices, a large ground floor boardroom, a large reception area, a kitchen, two WC's and a shower. Potential for future change of use to residential, subject to planning permission.
INTERNALLY This corner property is currently a vacant freehold office building which benefits from five private offices, a large ground floor boardroom, a large reception area, a kitchen, two WC's and a shower. Potential for future change of use to residential, subject to planning permission.
LOCATION Chelsea is an extremely affluent area in southwest London within the Royal Borough of Kensington and Chelsea. It has a worldwide reputation for its exclusivity, largely as a result of the high property prices, particularly for the desirable SW3 postcode.
The area benefits from excellent communications with access to the underground network at both Sloane Square (District and Circle Lines) and South Kensington (District, Circle and Piccadilly Lines). Numerous bus routes pass the property on King's Road, linking to all parts of London.
Victoria Station is 1.1 miles (1.8 km) to the east of the property providing access to the south and south west, and a direct link to Gatwick Airport. King's Cross St Pancras and Euston stations are easily accessible via the London Underground network. Additionally, there is a proposal to construct a station on the King's Road as part of the Crossrail 2 project.
SITUATION The property occupies a fantastic corner position on the north side of Coulson Street at the junction with Draycott Avenue. Coulson Street runs parallel to the north of King's Road between Draycott Avenue and Lincoln Street.
The immediate area is primarily residential with the well known luxury retail and high end restaurant destination of King's Road and Sloane Square a short walk from the property.
Nearby retail occupiers include Peter Jones, Cartier, Hugo Boss, Club Monaco, Tiffany & Co, Calvin Klein, Russell & Bromley and Lululemon. Well known restaurants include Bibendum, Daphne's, Aubaine and Gaucho.
DESCRIPTION The property comprises an attractive Grade II listed corner property arranged over lower ground, ground and first floors.
Internally the property benefits from five private offices, a large ground floor boardroom, a large reception area, a kitchen, two WC's and a shower.
The property also benefits from an external courtyard accessed via the lower ground floor.
CHELSEAOFFICEMARKET Chelsea has been a popular office location for many years as it offers excellent accessibility and an attractive retail offering at rents at a significant discount to the West End core. Prime office rents in the area are currently in excess of £75.00 per sq ft.
CHELSEARESIDENTIALMARKET Chelsea has an established and thriving residential market. There is strong demand from both owner occupiers and investors for good quality residential in the location and the draw of the restaurants, shops, excellent transport links and proximity to the public open space of Hyde Park. Residential values in Chelsea are in the region of £3,000 per sq ft.
CAPITALALLOWANCES There are no capital allowances available.
ASSETMANAGEMENTOPPORTUNITY We are of the opinion that the property has potential for future conversion to a single residential dwelling, subject to planning permission, and have set out suggested layout plans overleaf.
VAT The property has been elected for VAT purposes and therefore VAT will be payable upon the purchase price
EPC Energy Performance Certificates for the properties are available upon request.
PROPOSAL The vendor is seeking offers in excess of £2,250,000 (Two Million, Two Hundred and Fifty Thousand Pounds) subject to contract, for the benefit of their freehold interest. A purchase at this level would reflect a low capital value of £1,433 per sq ft based on the gross internal floor area.
MISREPRESENTATIONACT1967 Messrs Springer Nicolas for themselves and for the vendors or lessors of this property for whom they act, give notice that:
(i) These particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract;
(ii) Messrs Springer Nicolas cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation, and other details contained herein, and prospective purchasers or tenants must not rely on them as statements of fact or representations, and must satisfy themselves as to their accuracy;
(iii) No employee of Messrs Springer Nicolas has any authority to make or give any representation or warranty or enter into any
contract whatever in relation to the property;
(iv) Rents, prices, premiums and service charge quoted in these particulars may be subject to VAT in addition; and
(v) Messrs Springer Nicolas will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.
(vi) The reference to any plant, machinery, equipment, services, fixtures or fittings at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function.
Prospective purchasers/tenants should satisfy themselves as to the fitness of such items for their requirements.
Adrian Gates Photography & Design 07710 316 991
Chelsea is one of the most prestigious and densely populated urban areas in London
Prime Central London office building located in the heart of Chelsea
Attractive Grade II listed corner property arranged over three floors.
The property will be sold with vacant possession.
Potential for future change of use to residential, subject to planning permission,
Vendor is seeking offers in excess of £2,250,000 (Two Million,Two Hundred and Fifty Thousand pounds)
Letting Fees Information
Fees applying to all new tenancies from 1st June 2019
We may charge a tenant any or all of the following when required:
a security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over
£50,000 per year;
a holding deposit of no more than one weeks’ rent;
default fee for late payment of rent (after 14 days);
reasonable charges for lost keys or security fobs;
payments associated with contract variation, at £50 or reasonable costs incurred if higher, when
requested by the tenant;
payments associated with early termination of the tenancy, when requested by the tenant; and
payments in respect of bills - utilities, communication services, TV licence, council tax and
green deal or other energy efficiency charges.
Fees applying to all pre-existing tenancies entered before 1st June 2019 and all Non-Housing Act Agreements
We shall continue to apply the charges within the existing tenancy agreement until 31st May 2020 and for all non-housing act agreements thereafter.
Admin fees - £250 + VAT per property (£300 inclusive)
References - £50 + VAT per person (£60 inclusive)
Check out fee - £150 per property + VAT (£180 inclusive)
Additional occupant fee £50 + VAT per person (if applicable after contract has been drawn up) (£60 inclusive)