Long Leasehold Medical Investment For Sale, Kensington, W14
Ground Floor and Basement, 7 Russell Gardens, Kensington, London W14
Situation & Location
The property is situated on the the southern side of Russell Gardens, close to the junction with Holland Road. It thus lies on the borders of Kensington and Holland Park, and serves a densely populated and highly affluent residential area. The amenities of Kensington High Street and Westfield London are nearby, as is Holland Park itself. The current redevelopment of the Olympia Complex will greatly to add to the office, hotel, leisure and restaurant offerings in this location. Olympia overground station is close by, and the Central Line is within easy reach at both Shepherds Bush and Holland Park stations.
Description & Accommodation
The property comprises a self-contained medical clinic planned on basement and ground floor providing accommodation with the following approximate net internal floor areas (floor plans available on request):-
| Ground Floor | ||
| Reception | 450 sq ft | 41.8 sq m |
| Rear offices (subdivided x 2) | 283 sq ft | 26.3 sq m |
| Basement | 254 sq ft | 23.6 sq m |
| Treatment Room | 283 sq ft | 26.3 sq m |
| Kitchen | 75 sq ft | 7 sq m |
| Store | 78 sq ft | 7.2 sq m |
| Office/store | 465 sq ft | 43.2 sq m |
Amenities
Male and Female WC’s | Kitchen | Two Showers | Entryphone | Electric Heaters
Tenure
Held under an effectively full repairing and insuring lease with a term of 125 years from Sept 2014 (117 years unexpired) at a ground rent of £100 increasing by £100 on each 10th anniversary of the term commencement. Permitted use as health clinic/medical use only.
Rent
£30,000 per annum rising to £33,000 per annum after third year of term.
Guide Price
£585,000 to give an initial yield of some 5% after deducting normal purchase costs.
EPC
Energy Rating 31 Band E.
VAT
Will not apply.
Contact
Jeremy Barnard
Tel: 020 7938 3990
Fax: 020 7937 3764
Email: jb@jmwbarnard.com
Important Notice: Measurements are approximate and no responsibility is taken for any error, omission or mis-statement in these particulars which do not constitute an offer or contract. No representation or warranty is given either during negotiations, in particulars, or elsewhere. Unless otherwise stated all rents and prices are exclusive of VAT, where applicable.
