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Sold
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The property comprises a prime, rarely available, retail investment opportunity with evident asset management potential situated on one of London's busiest retail streets.
Arranged as a ground floor and basement retail unit, the property provides 943 sq ft (87.60 sq m) of accommodation and was previously let to a chinese restaurant. We consider the property offers evident asset management potential via letting, with the adjacent 307 Kings Road letting in February 2025 for £55,000 per annum, reflecting £70.79 per sq ft. If applied to the subject property, this would reflect a rent of £66,755 per annum. Alternatively the property would be suitable for purchase by an owner occupier.
The property occupies a prime pitch fronting Kings Road, one of London's best known retail streets in the heart of Chelsea. The property forms part of an established parade characterised by a mix of local and boutique retailers as well as a number of bars and restaurants, with the famous Bluebird Restaurant immediately opposite. The street benefits from very high levels of footfall and low vacancy.
Tenure
Long Leasehold - Expires 20.06.2076 - Peppercorn Rent
Notes
We understand the property is elected for VAT.