Mixed Use for sale

1 Denbigh Road, London, W11

Guide Price £1,100,000
884 sq. ft.

Property Description

Commercial information

  • 884 sq ft (82 sq m)

Full description

LOCATION:
The property is located in the affluent London area of Notting Hill, positioned on the sought after Denbigh Road, next to its junction with Westbourne Grove, which features a parade of high end retailers. To the West, Portobello Road provides another popular retail parade with diverse selection of businesses leading onto Ladbroke Grove. The property is less than 0.5 miles from Notting Hill Station (Central, Circle and District), 0.7 miles from Holland Park Station (Central) and 1.1 miles from Shepherd Bush Station (Central, Southern Trains and London Overground). Notting Hill is considered one of London's major retailing areas.

DESCRIPTION:
The property comprises a mid-terrace mixed-use retail and residential building arranged over lower ground, ground, first, second and third floors. The commercial unit has independent access from Denbigh Road and comprises a retail area and office at ground floor with lower ground retail, kitchen, W.C. and ancillary/storage space with an outside garden space. The upper parts comprise of a four bedroom residential flat arranged accessible via Denbigh Road. The residential also benefits from a terrace and balcony.

ACCOMMODATION:
The commercial premises benefit from the following approximate net internal floor area (NIA):

Retail: 94.9 sqm 1,022 sq ft
Flat 110.0 sqm 1,187 sq ft

TERMS: SUBJECT TO CONTRACT

TENURE:
Virtual Freehold (999 years) or Freehold

TENANCY:
The virtual freehold or freehold are available with vacant possession for the subject property. A new virtual freehold of 999 years will be created upon instruction of solicitors. We believe the ERV (Estimated Rental Value) for the commercial (ground, basement and garden) to be in the region of 60,000- 65,000 per annum exclusive representing a net yield of 5.58%.

PRICE:
Option 1: 1,100,000 (Subject to Contract) for the virtual freehold
Option 2: 3,100,000 for the freehold interest

EPC:
Available on request

PLANNING:
Permission was granted on 13th October 2014 for; "Formation of basement and ground floor extension to rear of shop premises. Full planning details are available on the Royal Borough of Kensington & Chelsea's planning portal, reference PP/14/05868.

RATES:
We have been advised that as of April 2017 the rateable value of the property is 34,281 Rates payable for this financial year will be in the region of 17,000.








More information from this agent

Nearest stations

  • Notting Hill Gate (0.4 mi)
  • Ladbroke Grove (0.5 mi)
  • Westbourne Park (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Kinleigh Folkard & Hayward, London

KFH House, 5 Compton Road, Wimbledon, London, SW19 7QA

020 8012 5505 Local call rate

How much will it cost me to call the number displayed on the site?

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Floorplans


To view this property or request more details, contact:

Kinleigh Folkard & Hayward, London

KFH House, 5 Compton Road, Wimbledon, London, SW19 7QA

020 8012 5505 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Notting Hill Gate (0.4 mi)
  • Ladbroke Grove (0.5 mi)
  • Westbourne Park (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Kinleigh Folkard & Hayward, London

KFH House, 5 Compton Road, Wimbledon, London, SW19 7QA

020 8012 5505 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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