Home > Auctions > 15 & 16 April 2024 16 April 2024 - 9:00am > Lot 134

15 & 16 April 2024: Tuesday 16 April 2024 - 9:00am
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    Key features

    • To be offered on Tuesday 16 April
    • BY ORDER OF EXECUTORS
    • Of interest to investors, developers and occupiers
    • A rarely available leasehold penthouse apartment which extends to approx. 208.7 sq m (2246 sq ft) GIA
    • Reception room/dining room, further reception room, 4 bedrooms, 2 bathrooms, kitchen
    • Spacious balcony enjoying panoramic views over the Thames
    • Private lift from ground floor communal entrance hall
    • Vacant

    Description

    The property comprises a unique laterally converted penthouse apartment extending across three adjoining period buildings, themselves arranged on raised ground, lower ground and four upper floors. This fourth floor unit benefits from separate access via stairs through 1 Cheyne Place and a lift from the ground floor lobby of 3-5 Cheyne Place. The penthouse is particularly unique having a large balcony overlooking Chelsea Physic Garden and enjoying panoramic views from the City to the east to Fulham to the west.

    Additional information

    Tenure

    The property will be offered with the benefit of two leasehold titles as follows:


    Flat 5 is held on a lease dated 24 April 2019 for a term of 999 years from 1 January 2019 at a rent of a peppercorn per annum (if demanded).


    Flat 8 is held on a lease dated 13 February 2004 for a term of 125 years from 1 January 2004 at a stepped rent of £100pa for the first 25 years, £200pa for the second 25 years, £300pa for the third 25 years, £400pa for the fourth 25 years and then £500pa for the remainder of the term.

    Accommodation

    Flat 8, Fourth Floor - Approx. GIA 210.6 sq m (2267 sq ft) Entrance area accessed from the lift, reception room/dining room with access to balcony, further reception room, 4 bedrooms, 2 bathrooms, kitchen, utility room. Separate entrance from 1 Cheyne Place.

    Notes

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        Local information

        The property is located on Cheyne Place close to the junction with Christchurch Street, opposite the entrance to Chelsea Physic Garden and accessed from Royal Hospital Road. Located in the heart of Chelsea, the property is within extremely close proximity to the River Thames being located between Albert and Chelsea Bridges. Local amenities are available nearby on Royal Hospital Road. Kings Road and Fulham Road provide an excellent range of shops, restaurants, pubs and bars. More recreational amenities are on offer throughout Chelsea, and Battersea Park provides recreational open space.

        Transport

        Chelsea Embankment (A3212) provides access via Finborough Road (A3220) to West Cromwell Road (A4) linking west to the North Circular Road (A406), the M4 and M40. Underground services (Circle and District Lines) are available from Sloane Square.

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        EPC rating

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        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

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        Please note that all prices listed, whether prior to or post auction, are subject to contract.

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