Fully let commercial building for sale in London W14

This property is marketed by:
Willmotts Chartered Surveyors

Key Features

• IMMINENT REGEAR WILL PROVIDE 12 YEARS UNBROKEN INCOME 
• SELF CONTAINED BUILDING WITH PARKING 
• GATED COURTYARD AND PLAY AREA 
• TENANT- MONKEY PUZZLE DAY NURSERY LTD 

Location:

The property is located in a cul-de-sac on the southern end of Springvale Terrace close to the junction with Masbro Road. Local transport links are excellent, with Kensington Olympia underground station (District line) a short walk away and numerous bus routes pass nearby the premises.

Description:

The property comprises a self-contained building arranged over ground & first floors accessed through a gated courtyard with six car parking spaces in front of the building and a large rear play area.

User:

Class E of the Town & Country Planning (Use Class) (Amendment) Order 2005.

EPC:

 The Energy performance certificate has rating of B(48) . A copy of the EPC is available upon request.

VAT:

The property has not been elected for VAT purposes. Lega Each party to bear its own legal costs.

Tenancy Schedule:

Tenant  - Monkey Puzzle

Start Date -  01/09/2010

 End Date - 31/08/2025

Rent Passing - £87,500                      

Lease:

The current lease commenced 1st September 2010 and expires on 31st August 2025 with a passing rent of £87,500 per annum. The reversionary lease shall provide an additional term of 20 years at market rent, further details are available on request. 

Tenure:

Freehold with existing occupational lease under title number BGL6413. 

Terms:

Offers are invited in the region of £1,600,000 (One Million Seven Hundred and Fifty Thousand Pounds). A Sale at this level will equate to an initial yields of 5.14% when allowing for purchaser cost of 5.84%. The reversionary yield shall be a 5.95% in September 2025. 

AML:

In accordance with Anti-Money Laundering Regulations, we shall require additional information from the purchaser/tenants so that an online verification can be undertaken.