Earls Court Road, London, SW5
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
6
- SIZE
3,923 sq ft
364 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 6 Bathrooms
- 6 Bedrooms
- 6 Reception Rooms
- House
- Terraced
- 3923 Approx Sq Ft
- Freehold
Description
Mixed Use Freehold containing commercial premises on ground and lower ground and three upper floors of residential.
The commercial unit is currently rented to Smoke and Pepper a renowned restaurant chain with 21 additional franchises across the UK. They pay an annual rent of £70,000 and are only 7 months into a 10-year tenancy. This unit was completely refurbished by the current tenant just before their tenancy began.
The three storeys of residential units contain 3 one-bedroom flats and 3 studios. All are self-contained and rented via tlc Estate Agents. Tenancy agreements available on request. The combined annual rent of these 6 units is currently £109,019.04. The condition of each flat varies but some have been refurbished recently and are all fully compliant. Heating is only electric in each.
The combined rental income is therefore £179,019.04 pa
Buyer to purchase as a going concern without vacant possession
Please call us for a private viewing appointment. Offers to be received in writing by Wednesday 28th October by 12 noon.
Commercial Unit:
Ground and Lower Ground: Currently rented at £70,000 per year on a 10-year lease with a 3-year break clause. Started 7 months ago.
Residential Upper Floors:
1st Floor
Flat 1: Studio. 255 square feet. Fair condition. Currently rented at £1,600/month (£19,200 per year)
Flat 2: One Bed. 240 sq ft. Very good condition. Currently rented at £1,600/month (£19,200 per year)
2nd Floor
Flat 3: One Bed. 323 sq ft. Good condition. Currently rented at £1,609.92/month (£19,319.04 per year)
Flat 4: Studio. 222 sq ft. Fair condition. Currently rented at £1,300/month (£15,600 per year)
3rd Floor
Flat 5: Studio. 283 sq ft. Good condition. Currently rented at £1,500/month (£18,000 per year)
Flat 6: Studio. 277 sq ft. Good condition. Currently rented at £1,475/month (£17,700 per year) * New Tenancy being agreed at an increased rent of £1650/month (19,800 pa)
• Tenure: Freehold
• Ground Rent: n/a
• Service Charge: n / a
• EPC Rating: All available on request
• Council Tax Band: available on request
• Local Authority: Royal Borough of Kensington & Chelsea
Details are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.
tlc Estate Agents are a NAEA & RICS registered agent with Client Money Protection and Members of The Property Ombudsman.
Brochures
Particulars- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
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Notes
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Visit our security centre to find out moreDisclaimer - Property reference OBR260129. 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 tlc Estate Agents, Chelsea. 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.
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