Springvale Terrace, London, W14

££1,600,000 Offers in the region of

Childcare facility For Sale

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.

FloorNet Internal Area
Ground1942 sq. ft.- 180.50 sq. m.
First 1414 sq. ft. – 131.30 sq. m.
Total3356 sq. ft. – 311.80 sq. m.
Rear Play Area905 sq. ft. – 84.07 sq. m.
Front Play Area1,045 sq. ft. – 97.07 sq. m.

Tenancy Schedule:
Tenant Start Date End DateRent Passing                                           
Monkey Puzzle 01/09/201031/08/2025£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 £1,600,000 (One Million Seven Hundred and Fifty Thousand Pounds). A Sale at this level will equate to an initial yields of 5.14% when allowing for purchaser cost of 5.84%. The reversionary yield shall be a 5.95% 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

Springvale Terrace, London, W14
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No EPC available for this property

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Office Details

Willmotts Commercial
Willmotts Property Services Willmott House
12 Blacks Road
Hammersmith
W6 9EU

020 8748 6644
commercial@willmotts.com

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