Health & Fitness Centre for Sale or to Let, Kensington, W14
Suitable for other Class E uses (subject to planning)
7 Russell Gardens, Kensington, London W14
Situation & Location
The property is situated on the the southern side of Russell Gardens, close to the junction with Holland Road. It thus lies on the borders of Kensington and Holland Park, and serves a densely populated and highly affluent residential area. The amenities of Kensington High Street and Westfield London are nearby, as is Holland Park itself. The current redevelopment of the Olympia Complex will greatly to add to the office, hotel, leisure and restaurant offerings in this location. Olympia overground station is close by, and the Central Line is within easy reach at both Shepherds Bush and Holland Park stations.
Description & Accommodation
The property comprises a self-contained health and fitness centre planned on basement and ground floor providing accommodation with the following approximate net floor areas (floop plans in preparation and available on request):-
| Ground Floor | ||
| Reception and main fitness suite | 450 sq ft | 41.8 sq m |
| Rear offices (subdivided x 2) | 283 sq ft | 26.3 sq m |
| Basement | ||
| Treatment/Fitness Room | 283 sq ft | 26.3 sq m |
| Kitchen | 75 sq ft | 7 sq m |
| Store | 78 sq ft | 7.2 sq m |
| Office/store | 465 sq ft | 43.2 sq m |
Amenities
Male and Female WC’s | Kitchen | Two Showers | Entryphone | Electric Heaters
Rent
£35,000 per annum exclusive, payable quarterly in advance, subject to five yearly upward only reviews.
Lease
A new lease is available for a term of up to 10 years, to be taken outside the security of tenure and compensation provisions of the Landlord & Tenant Act 1954.
Or Long Lease for Sale 119 years unexpired. Guide Price £585,000
Common Expenses
Tenant will bear a fair proportion of the cost of maintaining and insuring building structure.
Legal Costs
Each party to bear their own.
Energy Performance Certificate
In preparation. Copy certificate and recommendations on request.
Business Rates
The rateable value for the premises is currently £19,500 and the rates payable for the current year ending 31/03/21 would be £9,730, or £4,865 after 50% small retail relief, however qualifying retail uses should receive 100% Covid relief until April 2021 at the earliest. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 7361 2828.
VAT
Will not apply.
Possession
Immediate upon completion of legal formalities.
Contact
Jeremy Barnard
Tel: 020 7938 3990
Fax: 020 7937 3764
Email: jb@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.
