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    Key features

    • Investment let at £32,000 pa (plus vacant uppers with potential for conversion, stpp)
    • Retail let to Horton and Garton at £32,000 pa
    • Horton and Garton let on a 15 year lease from July 2019 (subject to break options)
    • Upper floors with separate access previously used as an office
    • Potential Change of Use/Development potential on upper floors (subject to consents)
    • VAT-Free Investment

    Description

    The property comprises a three storey building arranged as a ground and basement floor shop together with former office accommodation on the first and second floors which may be suitable for residential conversion (subject to necessary consents). The property may also benefit from potential to increase the floor area on part of the building by building a further floor (subject to necessary consents).

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas are taken from the VOA and the property has not been inspected by Savills.


    Ground - 68.07 sq m (733 sq ft)

    Basement - 36.90 sq m (397 sq ft)

    First - 33.90 sq m (365 sq ft)

    Second - 32.90 sq m (354 sq ft)


    Total - 171.77 sq m (1,849 sq ft)


    Tenancy

    Ground & Basement - Let to Horton and Garton for 15 years from 05/07/2019 at a rent of £32,000 pa. There is a tenant break option on 05/07/2024 and 5 yearly thereafter.

    First/Second - Vacant former offices with separate access


    Total rent - £32,000 pa (plus vacant upper parts)

    Planning

    The property may benefit from potential change of use/development potential including conversion of upper parts to residential and building of additional floor to the rear. For further information please contact Hammersmith & Fulham Council (https://www.lbhf.gov.uk/planning/planning-applications).


    Rent

    £32,000 pa
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located in a prominent corner position on the north side of King Street, Hammersmith at it's junction with Studland Street. The property is less than 0.2 miles from Ravenscourt Park Underground Station (Circle/District Line).

      Transport

      Rail: Ravenscourt Park (Circle/District Line), 0.2 miles

      Legal documents

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      EPC rating

      The EPC rating for this property is C

      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.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

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

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums