5 & 7 Princedale Road London W11 W114

  • Sale Price £620,000
  • Offices,Not specified
  • 722 SQ Feet
  • (67 sqm)
  • 722 SQ Feet
  • (67 sqm)





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Type:
  • Not specified
Features:
  • Central Heating
Size: 722 SQ Feet   (67 sqm)  total 722 SQ Feet (67 sqm) minimum

Ground Floor andBasement Office Building

Situated Close to Holland Park Avenue

                       FOR SALE Location:

The property is situated at the southern end ofPrincedale Road, close to its junction with Holland Park Avenue. Holland Park Underground Station is within a short walk as are the excellent local shopping and restaurant amenities.

Description:

The premises comprise two inter-connecting ground floor office units, with one of them (no.5) benefiting from a basement. The property offers versatile accommodation which could suit a variety of uses.

Current Tenancy:

The premises are currently let to ‘Intourist’ (specialists in Russian Travel) and could be available either with vacant possession or as an Investment should a purchaser and Intourist reach agreement over a renewal of their lease which expires in September 2008.

Accommodation:

No.5                Ground Floor             302 sq ft

                        Basement                  103 sq ft

No.7                Ground Floor             317 sq ft

Total                                        722 sq ft approx.

Amenities Include:

Good Natural Light Wood Floor Kitchen Station 2 w.c.’s Shower Gas Central Heating

Tenure:

Long Lease for sale (99 years from 1998) – we understand that subject to separate negotiation with another party, the freehold of the property could also be available.

Price:

£620,000 subject to contract – either with vacant possession or subject to Intourist’s occupational lease which expires in September 2008 and under the terms of which they are currently paying £25,000 per annum exclusive of rates and service charge, or revised terms should they be permitted to renew.

Rateable Value:

£11,000 for the current financial year (April 2008 – April 2009)

Rates Payable:

£5082

We strongly advise that interested parties confirm the above business rates with the Royal Borough of Kensington & Chelsea Rates Department on 0208 315 2082

Possession:

Either with full vacant possession if the present tenant vacates(we understand that notice has been served for them to vacate) or subject to their tenancy should a purchaser agree revised terms with the tenants prior to completion.

Legal Costs:

Each party is to bear their own legal costs

Viewing

Strictly by appointment with the Sole Agents Bective Leslie Marsh on 0207 985 0715

Property reference: LMls171505