Freehold for Sale, North Kensington, W10
Prominent Retail Investment plus Vacant Two Bedroom Garden Maisonette to Rear | Planning for extension and rearrangement of maisonette
59 St Helens Gardens, North Kensington, London W10
Situation & Location
The property is situated at the junction of St Helens Gardens and Kelfield Gardens, the most prominent position within the St Quintin Estate, an attractive and sought after grid of Edwardian houses served by Ladbroke Grove and Latimer Road underground stations (Circle, Hammersmith & City Lines). Portobello Road, Westbourne Grove and all the amenities of Notting Hill are within easy reach.
Description & Accommodation
The property comprises a shop and basement, with a self-contained lower ground and raised ground floor maisonette to the rear, with private entrance from Kelfield Gardens and a large rear garden. There is also a first floor flat which is sold on a 215 year lease.
The retail unit has a prominent return frontage and provides a ground floor sales area of some 405 sq ft and basement ancillary area of some 395 sq ft. There is also an adjoining forecourt and florist kiosk which is offered with vacant possession.
The maisonette provides a kitchen/dining room, reception room and WC on lower ground (garden level) with two bedrooms and two shower room/WC’s at ground floor level. The unit has a gross internal floor area of some 69.4 sq m 747 sq ft.
Planning Consent
Planning consent was granted in August 2022 for extension and re-arrangement of the maisonette to provide a large, open plan kitchen/dining/reception area at garden level, together with a bathroom/WC, bedroom and utility room; and a further two bedrooms with en-suite shower/WC at ground floor level above. The extended gross internal floor area is some 105.6 sq m 1,136 sq ft. Please see proposed floorplans below. The details, full drawings and documents are here: click here.
Tenancy
The retail unit is let on effectively full repairing and insuring terms to Mountgrange Heritage Ltd for 10 years from 23rd November 2021 at a current rent of £30,000 per annum, subject to upward only review in Nov 26.
Mountgrange Heritage is a well-established local estate agency group with offices in North Kensington, Notting Hill and Kensington www.mountgrangeheritage.co.uk.
Terms
The freehold interest is offered subject to the long lease of the first floor flat, the commercial tenancy of the shop and the with vacant possession of the kiosk and the rear maisonette at a price of One Million Three Hundred & Seventy Five Thousand Pounds (£1,375,000).
The shop investment and maisonette are also available separately on a long leasehold basis – prices on application.
EPC
Maisonette - Rating 78 Band C; Shop – in preparation.
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.
