Leisure/hospitality for sale in Pembroke Road, London W8

Situation & Location

The property is situated on the northern side of Pembroke Road, close to the junction with Warwick Road. Pembroke Road lies to the south of Kensington High Street within this wealthy residential centre. District and Piccadilly line underground connections are at nearby Earls Court station, overground links at Olympia. Please see location plan below.

Description & Accommodation

The property comprises a self-contained ground and lower floor multi-purpose space currently used as a private kids club under a personal planning consent, with underlying Class E planning use, providing the following approximate net floor areas (floor plans on request):-

Ground floor: Reception; Kitchen; Café; Office; Cloak Room; WC: 1,089 sq ft 101 sq m
Lower Ground: Play & Teaching Areas; WC: 1,633 sq ft 152 sq m

Externally: Courtyard Garden

Tenure 999 year lease at a peppercorn rent

Possession Immediate upon completion of legal formalities

Guide Price Offers in Excess of £800,000 (Eight Hundred Thousand Pounds)

Common Expenses Tenant will bear 45% of the cost of maintaining and insuring building structure.

Legal Costs Each party to bear their own Energy Performance Certificate In preparation

Business Rates The rateable value for the premises is £54,573 and the rates payable for the current year ending 31/03/24 are £29,796. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department .

VAT The sale will be subject to VAT

Possession Immediate upon completion of legal formalities