Property for sale in Fairfax Place, London W14

Strapline

Auction Sale - 10/10/2023

Of interest to Investors and Developers.

3 units comprising of a ground floor shop and 2 x flats in an attractive end of terrace building.

Investment let at £49,560 p.a.

Description

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The property is an end of terrace 3 storey building located in a predominantly residential area. The property comprises of a studio flat at lower ground level and a commercial unit and studio flat at ground floor level.

We have been advised that the current leaseholders are in process of looking to establish a Right to Manage company to self manage the property. There is the opportunity to buy the freehold from the Crown Estate. (subject to the requisite consents). The above information has been provided in good faith and cannot be relied upon, any incoming purchasers must do their own due diligence.

Location

Kensington is a popular suburb of London in the borough of Kensington and Chelsea.

The property is situated on the junction of Holland Road and Fairfax Place with Kensington Olympia within easy reach.

The shopping and leisure opportunities of Kensington High Street are can be found less than a mile away.

Holland Park is within easy reach and offers a large open green space for leisure and sporting opportunities.

The property is accessible via the A3220 which also provides road communications to southwest London.

Transport

National Rail, Overground and Underground - Kensington Olympia (Southern, Overground & District Line)

Tenancy

Unit 2:

• Let to a private individual
• Let for a term of 16 years from 2020
• Investment let at £18,720 p.a.

• Let to a private individual
• Let on an AST at £15,000 p.a.

• Let to a private individual
• Let on an AST at 15,840 p.a.

Accommodation

Unit 2:

Ground Floor Shop - Office Area, WC

Unit 2A:

Basement Studio Flat - Studio Room, Kitchen, Shower Room/WC

Unit 4:

Raised Ground Floor Studio Flat - Studio Room, Kitchen, Shower Room/WC