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Freehold Vacant Showroom & Workshop for Sale, Kensington, W8

67 Abingdon Road, Kensington, London W8

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Freehold Vacant Showroom & Workshop for Sale, Kensington, W8

Situation & Location

The property is prominently situated at the junction of Abingdon Road and Abingdon Villas, a short walk to the south of Kensington High Street. It thus lies at the heart of one of Europe's most affluent residential districts. Other businesses located Abingdon Road include the Nouvelle Delicatessen and The Abingdon (both opposite the property); the Michelin-starred Kitchen W8; Trailfinders. View location map.

Description & Accommodation

The property comprises a self contained ground floor and basement commercial premises, with a residential maisonette above which is sold on a long lease. The commercial accommodation has traded for many years as an upholstery, soft furnishing and bed business, with showrooms on the ground floor plus associated workshops and storage in the basement, and has the following approximate floor areas and dimensions:

Internal Width 17' 7" 5.4 m
Shop Depth 51' 9" 15.77 m
Ground floor net sales 682 sq ft 63.3 sq m
Basement Storage/Workshops net 771 sq ft 71.65 sq m
     
Total Gross internal 1,604 sq ft 149 sq m

Terms

The freehold interest is available, with vacant possession of the shop and subject to a long lease for the upper parts and part basement and ground floor (125 years from 1980) at a current ground rent of £50 per annum.

Price

£895,000

Energy Performance Certificate

An EPC has been prepared and a copy is available on request: Energy Performace Asset Rating 120 - BAND E

Business Rates

The local authority has verbally informed us that the rateable value for the premises is £25,000 and the rates payable for the current year ending 31/03/14 are £11,550. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.

VAT

Will not apply.

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.

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JMW Barnard LLP registered office: North Lodge, Brockham Green, Betchworth, Surrey, RH3 7JS - Registered in England Number: OC314826
JMW Barnard Management Ltd registered office: 2 Jardine House, Bessborough Rd, Harrow, Middlesex, HA1 3EX - Registered in England & Wales Number: 04407956