Courtyard Office Complex Arranged as Four Units With Parking
For Sale with Vacant Possession or May Let
32 Caxton Road, Shepherd's Bush, London, W12
Suitable for Occupation or Residential Development
Existing GIA 385 sq m 4,142 sq ft NIA 312 sq m 3,360 sq ft
Situation & Location
The property is situated off the eastern side of Caxton Road immediately to the south of Westfield London. It thus enjoys unrivalled shopping, restaurant and leisure amenities and excellent communications via the nearby Central line and Overground (with fast access to Clapham Junction); also the Circle and Hammersmith & City Lines at Wood Lane. View property map.
Description & Accommodation
The property comprises a gated courtyard containing a main building which is arranged as three self contained offices, and a single storey annexe which is arranged as a self-contained office. Thus there are currently four business units within the complex. Externally there are four designated parking space. The existing units provide the following approximate net useable areas:-
Main Building
| GF Unit 2 | 1,054 sq ft | 98 sq m | |
| FF/Mezz Unit 3 | 840 sq ft | 87 sq m | (ff 543 sq ft mezz 394 sq ft) |
| FF/Mezz Unit 4 | 819 sq ft | 76 sq m | (ff 405 mezz 414 inc kitchen) |
| Total | 2,713 sq ft | 261 sq m | |
| Annexe | 549 sq ft | 51 sq m | |
| Total | 3,262 | 312 sq m | The current GIA of the entire property is 385 sq m |
Planning
Prior approval was granted, subject to conditions, by the London Borough of Hammersmith & Fulham on 23.1.2014 for conversion of the offices to two residential units comprising one one bedroomed and one four bedroomed dwellings; and to five residential units comprising three one bedroomed, one two bedroomed and one three bedroomed dwellings. The proposed gross internal areas are as follows:
Proposed Option 1 (2 unit scheme): 393 sqm
| Unit 01 (1 bed): | 62 sqm | |
| Unit 02 (4 bed): | 331 sqm | |
| Total | 393 sq m | 4,228 sq ft |
Proposed Option 2 (5 unit scheme): = 410 sqm (incl. circulation)
| Unit 01 (1 bed): | 62 sqm | |
| Unit 02 (1 bed): | 50 sqm | |
| Unit 03 (1 bed): | 56 sqm | |
| Unit 04 (2 bed): | 84 sqm | |
| Unit 05 (3 bed): | 134 sqm | |
| Total | GIA 386 sq m | 4,158 sq ft |
A copy of these decisions together with existing and proposed plans, are available on request.
An application to deal with the majority of conditions is with the local planning authority. In addition pre-application enquiries have been submitted in respect of proposals to slightly increase the gross internal floorspace by extending the single storey annexe, and add fenestration, thus allowing for the provision of seven, and eight, residential units. Further details on request.
Sale Terms
Freehold for sale with vacant possession - guide price £2,000,000. Alternatively consideration may be given to rental offers.
Energy Performance Certificate
Energy Performance Asset Rating 150 - Band G: copy EPC and recommendation available on request.
Business Rates
The local authority has verbally informed us that the rateable value and the rates payable for the current year ending 31/03/15 are as below. Interested parties should make their own enquiries and confirm: - Hammersmith & Fulham business rates department 020 8748 3020.
Unit 1 Rv £11,750 Rp £5,534, 25p
Unit 2 Rv £19,750 Rp £9,302,25p
Unit 3 Rv £19,750 Rp £9,302,25p
Unit 4 Rv £14,250 Rp £6 711,25p
VAT
The property is VAT opted and the sale price will be subject to VAT in addition.
Capital Allowances
The vendor has claimed certain allowances but further valuable allowances may be available to a purchaser - further information on request.
Possession
Immediate upon completion of legal formalities.
Contact
Jeremy Barnard or Alan Bateman
Tel: 020 7938 3990
Fax: 020 7937 3764
Email: jb@jmwbarnard.com
Email: ab@jmwbarnard.com
Important Notice: Measurements are approximate and no responsibility is taken for any error, omission or mis-statement in these particulars which do not constitute an offer or contract. No representation or warranty is given either during negotiations, in particulars, or elsewhere. Unless otherwise stated all rents and prices are exclusive of VAT, where applicable.
