305 Kings Road, Chelsea, London, SW3 5EP
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High street retail property for sale
Description
**For Sale By Public Auction 28th May 2025 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack**
A Ground Floor Retail Unit Subject to a Lease Producing £55,000 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 20th June 1977 (thus approximately 51 years unexpired).
Location
The property is situated in the highly sought after area of Chelsea. The open spaces of Ranelagh Gardens are within easy reach. Transport links are provided by South Kensington underground station (Circle line) and West Brompton rail station.
Description
The property comprises a ground floor retail unit situated within a mid terrace building arranging over lower ground, ground and three upper floors.
Accommodation
Lower Ground Floor
Basement
Ground Floor
Retail Unit
N.I.A Approximately 88 sq m (943 sq ft)
Tenancy
The property is subject to an lease for a term of 10 years commencing 29th September 2020 at a rent of £55,000 per annum. We understand from the vendor that the ERV for the shop is circa £75,000 per annum. Buyers should rely on their own enquiries.
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating
C
Open for Viewings During Normal Business Hours
Brochures
305 Kings Road, Chelsea, London, SW3 5EP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- South Kensington Station0.6 miles
- Gloucester Road Station0.8 miles
- Imperial Wharf Station0.8 miles
Notes
Disclaimer - Property reference 292270. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House London, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House London, London on 020 7870 6217.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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