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    Key features

    • To be offered on Tuesday 9 December
    • TO BE OFFERED COLLECTIVELY
    • As part of the bidder registration process, bidders will be required to provide a solicitor's undertaking to pay the sum of £50,000 in part payment of the deposit to Savills immediately after the fall of the hammer.
    • Of interest to investors or potential occupiers
    • A rarely available freehold pair of elegant detached Victorian villas
    • Grade II Listed
    • Highly desirable private garden square location in a prime residential area
    • Private gardens to the rear of each villa along with residents' access to communal private garden square
    • No. 30 extends to approx. 795 sq m (8560 sq ft) and no. 34 to 772 sq m (8310 sq ft)
    • Arranged as 42 letting units in total
    • Comprising 31 self-contained studios, eight non-self-contained studios and three self-contained one bedroom flats
    • 41 units (at the time of writing) let on furnished assured shorthold tenancies
    • Producing in total £805,636.08 per annum (equivalent) gross

    Description

    The properties comprise a Grade II Listed pair of detached Victorian villas, each stucco faced and arranged on ground, lower ground and three upper floors. The buildings have been converted to provide a total of 42 letting units of which 34 are self-contained with eight units having exclusive use of their own separate lockable shower room/WC or bathroom/WC outside of the main living space.  Please refer to the floor plans, virtual tours and tenancy schedules for more detailed information. There are communal gardens to the rear of the buildings. Residents enjoy the use of Pembridge Square Gardens opposite, a private gated garden square accessed by key only. The gardens are landscaped and include an attractive rose garden 


    34 Pembridge Square has communal gas boilers on each floor. 30 Pembridge Square has two boilers (one for heating and one for hot water) in the basement that services all the flats. However, flat 7 at number 30 has an independent electric system. All tenancies are furnished and rents payable (with the exception of flat 7 at number 30) include contributions for the gas supply. Rental figures shown here are therefore gross. The landlord pays for gas directly. 


    The owners have maintained the accommodation to a high standard, with some 25% having been recently refurbished. Fire and safety certificates are available for inspection.


    Number 30 extends to approximately 795 sq m (8560 sq ft) and number 34 to around 772 sq m (8310 sq ft).

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to the Accommodation/Tenancy Schedule and floor plans

    Tenancy

    Please refer to the Accommodation/Tenancy Schedule

    Rent

    £805,636.08 per annum (equivalent) gross

    Notes

    The tenancy documents for this lot (including EPCs and other ancillary documents) are available on a separate Mishcon de Reya datasite and access is available to all interested parties. The contents of that separate datasite form part of the legal pack for this lot. For access to the additional documents, please contact: Stephanie.Robinson@Mishcon.com and Matthew.Bowles@Mishcon.com.


    As part of the bidder registration process, bidders will be required to provide a solicitor's undertaking to pay the sum of £50,000 in part payment of the deposit to Savills immediately after the fall of the hammer.

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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.

      Accommodation / Tenancy Schedule

      Local information

      Pembridge Square is situated east of Pembridge Road, which runs north south from Notting Hill Gate to Portobello, in the Royal Borough of Kensington & Chelsea. This is a popular location, set around the award winning Pembridge Square garden. The garden features a woodland area, wild flowers and a rose garden.

      There are high end shops and exclusive restaurants along Westbourne Grove to the north, as well as the bustling Portobello market close by. Close to the north boundary of Hyde Park, the property benefits from being close to its ample open spaces. Marble Arch (via the Central Line from Notting Hill) is five minutes away, and High Street Kensington is positioned at the end of Kensington Church Street, running north south from Notting Hill Gate.

      The world class shopping facilities of Knightsbridge, including Harrods and Harvey Nichols stores, are around 2.2 miles to the south.

      Transport

      Underground connections are conveniently accessible from Bayswater Station (Circle and District lines), Notting Hill Gate Station (Central, Circle, and District lines) and Queensway Station (Central line), all of which are no more than 10-12 minutes' walk from Pembridge Square. The nearest major rail station is Paddington, about 15-20 minutes away by foot or a short bus ride. Services from Paddington include National Rail to the west of England and South Wales, the Heathrow Express fast train to Heathrow Airport, and the Elizabeth Line which offers quick connections to Canary Wharf, Heathrow, and east London. Gatwick Airport can be reached via train from Victoria Station, accessible by a short tube or bus journey. Road communications are excellent. The A40 (Westway) provides access to West London, the M40 and M25 motorways. The M25 connects to the M4 Motorway providing a direct route towards Heathrow Airport and western parts of the country.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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.

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