Key Features
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.
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