3 Bedroom Mid-Terraced House For Sale
The property is located on Charleville Road close to its junction with North End Road (B317) which is a busy through route linking Hammersmith and Fulham Broadway. It well-served by transport routes including the A4 and is a 2-minute walk from West Kensington Underground (District Lines). Charleville Road is predominantly residential but is home to several popular local traders which benefit from the busy footfall off North End Road and from The Queens Tennis Club which is a short walk to the west of the property.
The property is part of a mixed-use terraced building within the heart of West Kensington and is arranged over five floors. The ground and basement floors of the commercial unit are currently vacant, and it was formerly used as a Caribbean restaurant. It benefits from existing customer WCs and a fire escape from the basement. The upper parts are currently let on an AST as a self-contained 3-bedroom flat over three floors with its own entrance from Charleville Road.
Accommodation Schedule (Commercial):
|Floor||Internal Floor Area (NIA)|
|Basement||406 sq. ft. / 37.72 sq. m|
|Ground||395 sq. ft. / 36.70 sq. m|
|Total||801 sq. ft. / 74.42 sq. m|
Accommodation Schedule (Residential):
|Floor||Internal Floor Area (GIA)|
|First||290 sq. ft (27 sq. m)|
|Second||290 sq. ft (27 sq. m)|
|Third||290 sq. ft (27 sq. m)|
|Total||870 sq. ft (85.6 sq. m)|
We believe the property benefits from Class E and C3 use of The Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020.
We are advised by the VOA website that the rateable value of the commercial premises is £11,750; however, interested parties should make their own enquiries.
The property offers the following EPC ratings for each unit:
Ground floor retail: C – 70
Upper flat: E – 53
The property will be sold freehold subject to the existing tenancies.
The ground shop is currently vacant, the ERV is approx. £27,000 per annum exclusive. Upper flat is currently let on an AST from 4th March 2021, expiring on 28th April 2023, the current rent is £2,100 pcm (£25,200 per annum). Total rent received is £25,200 per annum, with a potential to increase to £52,200 per annum once the shop is let.
Offers in the region of £1.25M (One Million Two Hundred and Fifty Thousand Pounds) are sought for the freehold interest.
Each party to bear own legal costs.
Will not be applicable.
In accordance with Anti-Money Laundering Regulations, we shall require additional information from the purchaser/tenants so that an online verification can be undertaken.
Emily Bradshaw - D: 020 8222 9947
M: 07920 769395
Varol Zafer - D: 020 8222 9946
M: 07900 224967