Lot 26 - Shop And Flat Plus Rear Building With Potential
115 Kensington Church Street, London, W8 7LN
Guide Price: *
£1,150,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£1,100,000Bid history
1 bidJ
01/11/2023 15:03:09 - £1,100,000
Guide Price* : £1,150,000 - £1,250,000
Currently let at £52,000 per annum
A rare and unique opportunity to acquire this impressive freehold four storey building arranged as a retail unit on the ground and lower ground floors with residential upper parts and a rear workshop, accessed via a private road.
This terrace property is fully let, producing £52,000 per annum, although we understand there is potential for rental growth. The workshop to the rear is considered suitable for development, subject to all necessary consents being obtainable.
The building is located on a popular, busy thoroughfare in the heart of Kensington, between Bayswater Road and Kensington High Street. There are comprehensive local shopping facilities in the immediate vicinity with easy access to Holland Park and Kensington Gardens. Central London is easily accessible by nearby tube stations or road access.
Ground Floor
Retail Unit
Stairs up half landing, separate W.C. and stairs down to:-
Lower Ground Floor
Display area/workshop with office space, two store rooms. External spiral staircase to first floor workshop, accessed via a separate driveway to Camden Street and providing vehicular and pedestrian access.
Residential Unit
Accessed via the ground floor retail unit. Stairs to:-
First Floor
Half landing, living room and kitchen.
Second Floor
Two double bedrooms, half landing and bathroom with W.C.
Tenancy
Let under the terms of a five-year lease, from 15th November 2017 at a current rental of £52,000 per annum. The tenants are holding over under the terms of the existing agreement which is subject to the 1954 Landlord & Tenant Act.
Local Authority
The Royal Borough of Kensington and Chelsea. Tel: 0207 3613000. Website: rbkc.gov.uk.
Council Tax Band F
Summary
- Lot number
- 26
- Auction end
- 1st Nov at 15:08
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 2
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Lot number
- 26
- Auction end
- 1st Nov at 15:08
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 2
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Sussex & Surrey
01273 504232
83 Bates Road, Brighton, East Sussex, BN1 6PF
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
