Childcare facility Sold
Location:
The property is located in a cul-de-sac on the southern end of Springvale Terrace close to the junction with Masbro Road. Local transport links are excellent, with Kensington Olympia underground station (District line) a short walk away and numerous bus routes pass nearby the premises.
Description:
The property comprises a self-contained building arranged over ground & first floors accessed through a gated courtyard with six car parking spaces in front of the building and a large rear play area.
User:
Class E of the Town & Country Planning (Use Class) (Amendment) Order 2005.
EPC:
The Energy performance certificate has rating of B(48) . A copy of the EPC is available upon request.
VAT:
The property has not been elected for VAT purposes. Lega Each party to bear its own legal costs.
Accommodation Schedule:
The property offers the following (NIA) approximate dimensions.
| Floor | Net Internal Area |
| Ground | 1942 sq. ft.- 180.50 sq. m. |
| First | 1414 sq. ft. – 131.30 sq. m. |
| Total | 3356 sq. ft. – 311.80 sq. m. |
| Rear Play Area | 905 sq. ft. – 84.07 sq. m. |
| Front Play Area | 1,045 sq. ft. – 97.07 sq. m. |
Tenancy Schedule:
| Tenant | Start Date | End Date | Rent Passing |
| Monkey Puzzle | 01/09/2010 | 31/08/2025 | £87,500 |
Lease:
The current lease commenced 1st September 2010 and expires on 31st August 2025 with a passing rent of £87,500 per annum. The reversionary lease shall provide an additional term of 20 years at market rent, further details are available on request.
Tenure:
Freehold with existing occupational lease under title number BGL6413.
Terms:
Offers are invited in the region of £1,500,000 (One Million Seven Hundred and Fifty Thousand Pounds). A Sale at this level will equate to an initial yields of 5.49% when allowing for purchaser cost of 5.84%. The reversionary yield shall be a 5.97% in September 2025.
AML:
In accordance with Anti-Money Laundering Regulations, we shall require additional information from the purchaser/tenants so that an online verification can be undertaken.
Tenure: Freehold
No EPC available for this property
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Broadband & mobile data availability at Springvale Terrace, London, W14
Address shown above is the closest found to the postcode, that has Ofcom data available
Mobile Coverage
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Voice | Indoor |
Outdoor |
| Data | Indoor |
Outdoor |
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Voice | Indoor |
Outdoor |
| Data | Indoor |
Outdoor |
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Voice | Indoor |
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| Data | Indoor |
Outdoor |
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Voice | Indoor |
Outdoor |
| Data | Indoor |
Outdoor |
Utilities
| Electricity | Ask Agent |
| Water | Ask Agent |
| Heating | Ask Agent |
| Broadband | Ask Agent |
| Sewerage | Ask Agent |
Rights and Restrictions
| Private rights of way | No |
| Public rights of way | No |
| Restrictions | Ask Agent |
| Parking | Ask Agent |
Risks
| Flooded in last 5 years | No |
| Flood Defenses | No |
| Source of Flood | Ask Agent |